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Applying for FAFSA

How to Apply

For priority consideration for Grace University scholarships and grants, and your greatest opportunity for financial aid, you will need to complete the following steps:

  • Apply for admissions to Grace University.
  • Take the ACT no later than December of your senior year in high school.
  • Submit your high school transcripts (immediately following your Junior year of high school or mid- year Senior year)
  • Complete the Free Application for Federal Student Aid (FAFSA) by March 1st at www.fafsa.ed.gov. The Grace University federal school code is 002547.

FAFSA Information

The FAFSA (Free Application for Federal Student Aid) must be completed each year to receive federal aid. Federal aid includes loans, grants, and work study. You can file a FAFSA on the internet at www.fafsa.ed.gov.

To complete your FAFSA on the web you must first request a PIN (Personal Identification Number) at www.pin.ed.gov. The Department of Education will send you your PIN via email. This will be used to electronically sign the FAFSA, which must be done by both the student and their parent.

The FAFSA should be filed as soon as possible after January 1st, with a priority date of completion by March 1st.

Note: Some organizations charge a fee to provide services to find financial aid (e.g., scholarship search services). Nearly all financial aid information is available free of charge through your own high school, web sites, federal agencies, and Grace University. Please contact our Financial Aid Office by phone (402-449-2810) or letter if you have any questions about using a for-profit company to find financial aid. We want you to spend your money wisely.

Receiving the Student Aid Report

After your have fully completed the FAFSA process, you will receive a Student Aid Report (SAR). This report lists the Expected Family Contribution - the amount for which the Department of Education has determined the student is responsible to pay. This amount determines the amount students receive in scholarships and loans.

General Policies to Keep in Mind

Awards listed in the Student Aid Report are represented in annual amounts. Unless otherwise noted, scholarship and grant recipients are required to be full-time. Additional guidelines for specific awards may apply. Details regarding financial aid packages are available through the Grace University Financial Aid Office. The Scholarship Committee has final authority regarding all packages. You must apply for financial aid in order to receive it.

The Financial Aid Office will determine the best possible package for each student. Grace University scholarships and grants MAY be applied against tuition only, have no cash value, and are valid for a maximum of four years. Scholarships and grants are subject to change without notice.

Reapplying for Aid

Every student must re-apply for aid in the spring of each year in order to receive financial aid for the following school year. We re-evaluate your expected eligibility each year based on your current financial circumstances. We also revise the estimated cost of attendance to reflect any changes in tuition, room and board charges.

Typically, a student's financial aid eligibility remains fairly constant from year to year. However, there are some factors that can lead to a change in eligibility, such as:

  • If you submit any document after the published deadlines, we may not have sufficient funds to consider you for the Federal Work Study Program. Undergraduates who miss deadlines may not be eligible for certain university, state, or federal grants.
  • If there is a change in your financial circumstances, such as a change in the number of family members in college, the loss of a job, or a parent’s divorce.
  • If we discover information about your circumstances that were not taken into account in previous years.
  • If there is a change in funding or in federal, state or university policy, your eligibility may change.
  • If you fail to meet all general eligibility requirements, you will no longer be eligible to receive financial aid.

International Students

The University does not provide application fee waivers to international students, nor are they eligible for federal or university need-based financial aid. However, there are some resources that may be of assistance to international students.

  • Merit-based scholarships
  • Private financing (contact the lenders directly for co-signer requirements)
  • On-campus work (not including Federal Work-Study)
The content within this page is subject to change due to alterations in federal, state, university, guarantor, lender or loan servicer policy and procedure. The Grace University Financial Aid Office cannot be held liable for the consequences of such changes in policy and procedure.

 

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