The 2020-2021 Academic Year Guidelines for the Financial Aid Process , a renewal Financial Aid newsletter, was emailed to students’ University email accounts December 2019. Anyone wishing to be considered for need-based grants, loans and work-study must complete all required financial aid applications each year.
Students who filed for federal aid in 2019-2020 will also receive a renewal notification from the Department of Education. This notification will be sent to the email listed on the previous Free Application for Student Aid (FAFSA).
Remember, all need-based aid recipients must apply for financial aid every year and meet the Financial Aid Satisfactory Academic Progress policy requirements outlined in our Comprehensive Guide to Financial Aid Programs. The deadline for filing for 2020-2021 aid is April 15, 2020. Applications received after the deadline will be considered for University aid on a funds-available basis.
Aid eligibility for returning students will be determined after Financial Aid Satisfactory Academic Progress is reviewed following the spring 2020 semester and all required documents have been submitted to our office. Financial Aid award letter emails are sent to the University of Scranton email. Notifications will begin June 2020.
Graduating students who have borrowed under any of the Federal Student Loan Programs will be required to complete Exit Loan Counseling. You can complete this requirement and learn valuable information about loan repayment and deferments at the studentaid.gov website and click on Complete Exit Counseling.
Intersession and Spring 2020 Registration
KNOW THE FINANCIAL AID POLICIES
The U.S. Department of Education requires educational institutions measure students’ progress toward a declared educational objective. Please review the Satisfactory Academic Progress Requirements for receipt of Financial Aid in our Comprehensive Guide to Financial Aid Programs. You are required to be aware of our Policies and Procedures.
FINAL REQUEST LETTERS FOR OUTSTANDING DOCUMENTS: Students should review their Financial Aid Status on the Self-Service system and complete and/or submit any outstanding documents that are still required. This includes completing the electronic Master Promissory Note and electronic Loan Counseling for Loans. Students who do not submit documents will receive cancellation of aid notices and still have an outstanding balance on their student account, will be put on HOLD for Registration by the Bursar’s Office.
Students who did not file a FAFSA for 2019-2020 to obtain a Federal Direct Loan, can still complete the FAFSA at studentaid.gov. Federal loans must be certified before the semester ends.
Alternative Loan Processing -- Federal regulations require lenders who offer Educational Alternative Loans to follow extensive requirements. These requirements could delay the receipt of Alternative Loan approvals and disbursements. Please plan accordingly so these delays do not interfere with registration.
Graduating students who have borrowed under any of the Federal Student Loan Programs will be required to complete Exit Loan Counseling. You can complete this requirement and learn valuable information about loan repayment and deferments at the studentaid.gov website. Click on Exit Counseling.