Once all of your information has been submitted and reviewed by the Office of Financial Aid, a financial aid award letter will be created for you. If you are a first-year applicant, you must first be accepted as a degree seeking candidate before an offer can be created for you. The financial aid award letter will outline the aid that you are eligible to receive for the specified academic year. Please pay close attention to the language contained in the offer of assistance. Depending on the type of aid you receive, the award letter will provide important information about the paperwork and processes that are necessary to obtain federal loans, student employment positions, or other sources of financial aid.
You do not need to submit additional information, such as tax transcripts, to the Office of Financial Aid unless we specifically request this information. Should we need to request additional documents from you, we will indicate this to you in writing.
Financial Aid Awarding Timelines
Freshmen and Transfer Students that have met the priority filing dates can expect to receive their awards between the beginning of February and June. Students that have been selected for verification will receive a tentative award that will be finalized once the verification process is complete.
Returning students who have submitted the FAFSA by the April 1 priority filing date can expect to receive award letters between April and July. Students that have been selected for verification will not receive award letters until the process is complete.
Entrance Counseling is a Federal requirement for all students borrowing a Federal Direct Loan (Subsidized and/or Unsubsidized for the first time at Fisher College. Before proceeds can be credited to a student's tuition account, students must complete Stafford Loan Entrance Counseling online at www.studentloans.gov.
Master Promissory Note (MPN)
The MPN is a legal agreement to repay a loan. Before proceeds can be credited to a student's tuition account, students are required to complete the Federal Direct Stafford Loan Master Promissory Note (MPN) online at www.studentloans.gov.
Declining You Award
Should you decide to decline any part of your award, we ask you indicate in writing which type(s) of assistance you are declining. Please sign, date, and return the letter to our office; you may wish to make a copy of it for your files. Please send written notification to firstname.lastname@example.org.
Reducing Your Award
Should you decide to reduce any part of your award, we ask you indicate in writing which type(s) of assistance you are reducing. Please sign, date, and return the letter to our office; you may wish to make a copy of it for your files. Please send written notification to email@example.com.
Federal Work Study
Federal student employment is awarded to eligible students as part of the self-help component of the financial aid package. This money is not deducted from your bill. Students may apply for available jobs through fisher.joinhandshake.com with their Fisher College email.
Disbursements of financial aid are directly made to the student account after the add/drop period of each semester once enrollment, residency, grade level and program status have been confirmed and all necessary requirements have been met (i.e. loan Entrance Counseling and/or Promissory Notes, etc.). All Financial Aid funds, including alternative loan funds, are disbursed directly to the student account.
All required documentation for a student's financial aid file must be received no later than February 1st. Financial Aid files that remain incomplete are subject to cancelation. Cancellation of Financial Aid funds may result in a balance owed to the college.
Should the verified financial information differ significantly from the original information provided on the FAFSA, your aid may have to be adjusted. Please be sure to respond to requests for follow-up documentation in a timely manner to avoid delays in applying your financial aid as a credit to your student account. Any student failing to complete their Financial Aid File during their period of enrollment will be ineligible for all-need based funds for that Academic Year.
The Financial Office is required by the Federal government to resolve all discrepant data presented on the FAFSA. If it is determined that there is discrepant data on your financial aid applications, additional documents may be requested to resolve the discrepancy. If necessary, we will review your aid eligibility using the correct data. In some cases revisions to original offers will be made and a revised Offer of Financial Assistance will be sent to you.