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  Financial Aid Package (cont.)
Deadline Date
When you receive your financial aid package, you will be required to select the type of aid you will accepted or decline, sign, and date your award letter, and return a copy to the school’s financial aid office by a certain deadline date specified in the letter. It is important that you carefully read all the instructions and to include all requested documentation and complete additional forms (as necessary). Failure to respond by the deadline may result in denial or reduced financial aid. A portion of your financial aid may be offered to another student that has financial need. Before mailing your award letter back to the school, you should make a copy for your records.

If you have been admitted to more than one school, you will receive a financial aid package from each school. Review and compare the financial aid packages among the various schools. Once you have decided upon the school you will attend, notify the other schools that you applied to, so they can offer admission and financial aid to another eligible student interested in continuing his/her education.

Unmet Need
The financial aid office creates an award package that comes as close as possible to meeting your financial need. Unfortunately, financial aid funds are limited. The school’s financial aid office may not be able to provide you with financial aid to meet your entire demonstrated financial need.

In some cases, the school may tell you that you have an "unmet need". “Unmet need” indicates that you must obtain financial aid from other sources, if you want to attend their school.

You are expected to obtain funds for Unmet Need(s) through:
Summer employment earnings.
Federal Parent Loan for Undergraduate Students (PLUS).
Alternative loans (Private loans).
Institutional loans.
Other options (i.e. Home equity loan, Employer loan, Prepaid Tuition Plan, etc.)

Special/Unusual Circumstances
If your family’s situation has changed since you filed the FAFSA, contact the school’s financial aid office to update your record. In some cases, a financial aid administrator can adjust your COA or EFC, if he/she finds that special/unusual circumstances exist based on the documentation you provided. However, the financial aid administrator does not have to make such an adjustment, if he/she believes no change is necessary. Please note that the financial aid administrator's decision is final and cannot be appealed by the U.S. Department of Education.

Some special/unusual circumstances may include:
Medical expenses (because of a serious or long term illness)
A disabled member of the family
Separation or divorce
A parent who is disabled, retired, or deceased
More than one child in college at the same time, or a parent who is a full time student
Debt (Not consumer debt)

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External (Outside) Award


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