{"id":1040,"date":"2020-10-15T20:05:31","date_gmt":"2020-10-15T20:05:31","guid":{"rendered":"http:\/\/developmenttwo.marymount.edu\/admissions\/?page_id=1040"},"modified":"2023-01-31T16:08:06","modified_gmt":"2023-01-31T21:08:06","slug":"financial-aid-faqs","status":"publish","type":"page","link":"https:\/\/marymount.edu\/admissions\/financial-aid\/financial-aid-faqs\/","title":{"rendered":"Financial Aid FAQs"},"content":{"rendered":"<div class=\"page-content\">\n<div id=\"accordion\" class=\"panel-group accordion\">\n<div id=\"FAQ1\">\n<div style=\"width: 100%;\"><button class=\"faq btn btn-primary\" style=\"margin: 10px 0px; float: right;\" type=\"button\">Expand All<\/button><\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Is there a deadline for applying for financial aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Our office does not have a deadline for financial aid applications. However, you need to allow a minimum of eight weeks to process your application (FAFSA). You also need to allow extra time for corrections or verification procedures. It is important to remember that some sources of need based aid such as the Marymount Tuition Grant may be depleted if you wait till late in the year. Therefore, it is a wise idea to file the FAFSA as early as possible after October 1 for the next academic year. Marymount\u2019s priority deadline is March 1.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Terms and Conditions of your Financial Aid Award<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p><strong>TERMS AND CONDITIONS OF AWARDS<\/strong><\/p>\n<p>READ THE FOLLOWING INFORMATION CAREFULLY. Acceptance of your award indicates that you have read and are willing to abide by the terms and conditions outlined below.<\/p>\n<p><strong>A. SELECTION OF AWARD RECIPIENTS AND DETERMINATION OF FINANCIAL AID PACKAGE<\/strong><\/p>\n<p>Applicants for financial aid are evaluated on the basis of demonstrated financial need, potential for academic success and standards of satisfactory academic progress. Financial need is defined as the difference between the amount you and your parents can contribute from income and the cost of attending Marymount. A students cost of education is determined based on enrollment status, grade level, allowances for books and supplies, room and board, transportation. and personal\/miscellaneous expenses. The expected family contribution toward educational costs is determined using the Free Application for Federal Student Aid (FAFSA).<\/p>\n<p><strong>B. RESPONSIBILITIES OF FINANCIAL AID RECIPIENTS<\/strong><\/p>\n<p>Your aid package has been constructed using all resources known at the time of the award. You are required to notify the Financial Aid Office of any additional financial aid you receive from other sources. Receipt of additional financial aid may result in an adjustment of your financial aid award.<\/p>\n<p>You are required to notify the Financial Aid Office of any change in your name, address, enrollment status, housing status, or other changes related to your attendance, as it may cause a revision to your award.<\/p>\n<p>You must reapply for need-based financial aid each academic year. Financial Aid applications received by March 1 will be given priority consideration. Renewal awards are based on continued demonstrated financial need and\/or satisfactory academic progress toward a degree.<\/p>\n<p><strong>C. REFUND INFORMATION<\/strong><\/p>\n<p>Students who withdraw from the University before the 60% point of the semester, and who are receiving financial aid from a federal program, will have their financial aid for that term prorated based upon the University&#8217;s tuition refund policy and a distribution formula approved by U.S. Department of Education. If after any semester, you have not earned at least one passing grade, your federal aid for that term must be prorated and returned.<\/p>\n<p>Funds credited to your student account in excess of University charges are refundable by the Office of Student Accounts.<\/p>\n<p><strong>D. SATISFACTORY ACADEMIC PROGRESS AND RENEWAL OF AWARDS<\/strong><\/p>\n<p>Federal regulations require that a student receiving federal financial aid make satisfactory academic progress in accordance with standards set by the University. Students are normally expected to complete their undergraduate degree within eight terms. However, students are considered to be making satisfactory progress toward completion of degree requirements if they earn credits and achieve cumulative grade point averages according to the following schedule. There is a maximum time frame to receive financial aid of 150% of the published length of the program.<\/p>\n<p>All students must complete at least 67% of the credits they attempt. In addition:<\/p>\n<p>All Undergraduates must maintain a minimum cumulative GPA of at least 2.0<\/p>\n<p>All Graduate students must maintain a minimum cumulative GPA of at least 3.0<\/p>\n<p>NOTE: Although you may withdraw or repeat a class without it negatively affecting your GPA, the class may still count toward your credits attempted.<\/p>\n<p><strong>SPECIAL CONDITIONS FOR INDIVIDUAL PROGRAMS<\/strong><\/p>\n<p>DIRECT SUBSIDIZED\/UNSIBSIDIZED STAFFORD LOANS AND PARENT LOAN (PLUS): If you wish to apply for a loan you must complete a promissory note.<\/p>\n<p>FEDERAL WORK-STUDY: The amount of the federal Work-Study award is an estimate of what you may earn during the academic year. Working hours are generally limited to 13 per week while classes are in session. Students are paid at least the current federal minimum wage on a monthly basis; according to the number of hours the student actually works. Federal Work-Study awards cannot be applied to University charges<\/p>\n<p><strong>MARYMOUNT UNIVERSITY MERIT SCHOLARSHIPS:<\/strong><\/p>\n<p>Students with Merit Scholarships\/Awards from Admissions must maintain a 2.5 cumulative grade point average. Merit scholarships may be renewed up to four years (eight semesters) for full-time students who maintain eligibility. These awards are for tuition only.<\/p>\n<p>Please visit the financial aid webpage at <a href=\"https:\/\/marymount.edu\/\">www.marymount.edu<\/a> for full information about other eligibility items.<\/p>\n<p>For additional information on other types of financial assistance offered at Marymount University, such as campus employment or payment plans, refer to the <a href=\"https:\/\/marymount.edu\/Admissions\/Financial-Aid\/\">financial aid website<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What paperwork is needed to apply for financial aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Our office requires completion of the FAFSA. If you\u2019re a Virginia resident then you should also request a <a href=\"\/marymount.edu\/media\/Admissions_media\/Financial_Aid\/VTAG-APPLICATION-2019-2020.pdf\">Virginia Tuition Assistance Grant (VTAG)<\/a> application. Completion of the FAFSA is needed for students who wish to be considered for federal Stafford loans, Grants, Marymount tuition grants as well as scholarships and paid employment.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What is Marymount\u2019s school code needed when filling out the FAFSA?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Marymount\u2019s school code is 003724<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Who do I call with questions about FAFSA processing?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Questions concerning FAFSA processing should be directed to the Federal Student Aid Information Center (<a title=\"1-800-4-FED-AID\" href=\"tel:18004333243\">1-800-4-FED-AID<\/a>) or on the <a title=\"www.fafsa.ed.gov\" href=\"https:\/\/www.fafsa.ed.gov\" target=\"_blank\" rel=\"noopener noreferrer\">web<\/a>. Help completing the FAFSA can be obtained by calling or scheduling an appointment in the <a href=\"\/Admissions\/Financial-Aid\">financial aid office<\/a>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Do I have to apply for financial aid every year?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Yes! You must reapply for financial aid every academic year by completing the renewal application for federal student aid. If you do not receive the renewal application then you must complete the next year\u2019s FAFSA.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What determines whether or not I will qualify for financial aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>Because each family is unique, all students are considered for financial aid on an individual basis. A financial aid package is created using three specific factors:<\/p>\n<ul>\n<li>\n<h4>Contribution<\/h4>\n<p>family size, number in college, income, assets, or untaxed income.<\/li>\n<li>\n<h4>Costs<\/h4>\n<p>tuition and fees, room and board, books and supplies, and a personal allowance as set by the university.<\/li>\n<li>\n<h4>Need<\/h4>\n<p>The amount that Marymount tries to meet to help you pay for your education is your need. For example, if your contribution were $1,000 or $10,000 then your need would be calculated by subtracting your contribution from the cost. *Regardless of your income level, there are financial aid options to help meet your need. *<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What are the types of aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Financial aid is any grant, scholarship, loan or paid employment offered for the specific purpose of helping a student meet educationally related expenses. All financial aid except the Federal College Work Study program may be credited toward direct education expenses.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>When will my loan proceeds arrive?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Loans are applied to your account the first day of classes each semester if your level of enrollment and eligibility for funds has been verified. If your file is not completed by the beginning of the semester, time delays will be experienced. If you are expecting a refund after your balance has been paid then you need to check with the Student Account\u2019s Office to inquire when a refund check will be mailed.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Can I get financial aid for study during the summer?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">The summer sessions are considered part of the preceeding award year. Students must have completed a FAFSA application and a Marymount summer application by April 1. Priority consideration will be given on a first come first served basis. There are no grants available during the summer and funding is limited. Summer applications are available from the financial aid office or on the financial aid website under the download forms tab.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Does my GPA affect my eligibility for federal or state aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>As required by Federal Regulations, students must maintain a minimum level of academic progress in order to continue receiving federal financial aid.\u00a0 Academic progress of aid recipients will be reviewed annually at the end of spring semester.\u00a0 Students who are not making minimum progress in any of the categories as defined below will be considered to be ineligible to receive financial aid.<br \/>\n<strong>Satisfactory Academic Progress Standards:<\/strong><br \/>\nIn order to continue receiving federal financial aid, academic progress is measured in the following three ways:<\/p>\n<ol>\n<li>\u00a0<u>Qualitative Standard:\u00a0 A minimum cumulative grade point average (GPA)<\/u><\/li>\n<\/ol>\n<ul>\n<li>All Undergraduates must maintain a minimum cumulative GPA of at least 2.0<\/li>\n<li>All Graduate students must maintain a minimum cumulative GPA of at least 3.0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol>\n<li value=\"2\">\u00a0<u>Quantitative Standard:\u00a0 A minimum completion rate.<\/u>\u00a0\u00a0\u00a0 Completion rates are calculated by dividing the number of completed credits against the number of attempted credits.\u00a0 ALL students must have successfully completed 67% of all hours attempted.\u00a0 This calculation includes all classes taken at Marymount (including developmental).\u00a0\u00a0 Incompletes, Withdrawals, Repeats and Failing grades all count toward your attempted but not completed credit hours.\u00a0 Transfer credits are counted both in attempted and completed.\u00a0 \u00a0Students should be aware that, for federal financial aid purposes, you can only receive federal financial aid toward one retake of a previously passed course or its equivalent.\u00a0 This means that once a student has passed a particular course, Financial Aid can count that student as being enrolled in that course only one more time for federal aid purposes.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol>\n<li value=\"3\"><u>Maximum Timeframe for Completion:<\/u>\u00a0 In addition to the above GPA and completion rate requirements, all UG students must complete their program of study by attempting no more than 150% of the hours normally required for completion.\u00a0 For example, an UG program of study that is normally completed in 120 credit hours, financial aid eligibility will be suspended once it is mathematically impossible for student to graduate before attempting 180 credit hours or more.\u00a0 \u00a0For a Graduate program requiring 60 credits, coursework must be completed within 5 years, for more than 60 credits, 7 years.<\/li>\n<\/ol>\n<p><strong>Loss of Eligibility due to Academic Progress:<\/strong><br \/>\nA student who has lost eligibility to participate in federal student aid for reasons of academic progress will be ineligible for financial aid until they are meeting the minimum requirements.<br \/>\n<strong>Appeals:<\/strong><br \/>\nAppeals will only be accepted for special circumstances.\u00a0 The appeal may not be based upon your need for the assistance OR your lack of knowledge that your assistance was in jeopardy.\u00a0 An appeal must be based upon some unusual situation, condition or other mitigating circumstances which prevented you from passing courses, or which caused you to withdraw from classes.\u00a0 Examples of possible situations include documented serious illness, severe injury or death of a family member.<br \/>\nHow to Appeal:\u00a0 You must submit in writing and document the specific reasons for not meeting the minimum requirements and outline your plan for meeting them.\u00a0 Undergraduate students are also required to submit a copy of a developed academic plan from the Center for Teaching and Learning (CTL).\u00a0 \u00a0The CTL must be able to verify that you will be able to meet the standards by the end of the next semester.\u00a0 \u00a0Graduate Students must also submit a copy of a developed academic plan from the Chair of your graduate program or Associate Dean of the School for your program that indicates if followed, you will be at the minimum standard by the end of the next semester. \u00a0\u00a0IF your appeal is approved, you would be placed on a one semester probation status and must meet the minimum standards at the end of that term.\u00a0\u00a0 \u00a0Appeals must be submitted in writing to the attention of the Financial Aid Office Appeals Committee.\u00a0 You will be notified in writing of the committee\u2019s decision.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Will all of my enrolled courses count toward receiving Federal Aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<h2>Federal Financial Aid for Degree Applicable Courses<\/h2>\n<p>Federal Regulations mandate that federal aid cannot be awarded for classes that do not count toward a student&#8217;s academic program. <em>If a student is enrolled in courses that do not count toward his or her degree, certificate, or other credentials, they cannot be used to determine enrollment status unless they are eligible remedial courses.\u00a0 It is the student\u2019s responsibility to work with their advisor to ensure their credits meet this requirement.<\/em><\/p>\n<p><span style=\"color: #0000ff;\">WHAT AID PROGRAMS DOES THIS AFFECT?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">FEDERAL PELL AND SEOG GRANTS, FEDERAL WORK STUDY AND DIRECT LOANS<\/span><\/p>\n<p><span style=\"color: #0000ff;\">WHY DO MY CLASSES HAVE TO BE REQUIRED FOR MY DEGREE IN ORDER TO RECEIVE FEDERAL AID?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">FEDERAL REGULATIONS MANDATE THAT FUNDS ONLY PAY FOR CLASSES THAT ARE REQUIRED FOR A STUDENTS PROGRAM OF STUDY<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I AM NOT RECEIVING FEDERAL AID.\u00a0 WILL MY SCHOLARSHIPS, INSTITUTIONAL<br \/>\nGRANTS, STATE GRANTS, OR GRADUATE ASSISTANTSHIP BE AFFECTED?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">NO, ONLY FEDERAL AID IS AFFECTED<\/span><\/p>\n<p><span style=\"color: #0000ff;\">HOW DO I ENSURE THAT MY CLASSES ARE REQUIRED FOR MY DEGREE?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">LOOK AT YOUR CATALOG FOR THE YEAR YOU ENTERED FOR REQUIREMENTS.\u00a0 CHECK YOUR PROGRAM EVALUATION AND MEET WITH YOUR ADVISOR.\u00a0 IT IS YOUR RESPONSIBILITY TO ENSURE THE COURSES YOU ARE REIGSTERED FOR COUNT TOWARD YOUR DEGREE.<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I AM TAKING ELECTIVES, WILL THEY BE INCLUDED?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">ELECTIVES THAT ARE REQUIRED FOR YOUR DEGREE WILL BE INCLUDED<\/span><\/p>\n<p><span style=\"color: #0000ff;\">WHAT IF I AM ENROLLED IN ELECTIVES THAT ARE NOT REQUIRED FOR MY DEGREE?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">THOSE ELECTIVES WON\u2019T BE COUNTED AS PART OF YOUR ENROLLMENT FOR FEDERAL AID ELIGIBILITY<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I AM A GRADUATE STUDENT, DO THESE REGULATIONS APPLY TO ME?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">YES, GRADUATE STUDENTS MUST BE ENROLLED IN COURSES THAT COUNT TOWARD THEIR DEGREE FOR FEDERAL AID ELIGIBILITY<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I AM A DOUBLE MAJOR STUDENT. WHAT PROGRAM REQUIREMENTS WILL BE USED TO VERIFY MY ENROLLMENT FOR DISBURSEMENT?\u00a0 \u00a0<\/span><\/p>\n<p><span style=\"color: #ff0000;\">REFER TO YOUR PROGRAM EVALUATION AND CHECK WITH YOUR ADVISOR<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I AM A DUAL DEGREE STUDENT.\u00a0 WHAT PROGRAM REQUIREMENTS WILL BE USED TO VERIFY MY ENROLLMENT FOR DISBURSEMENT?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">REFER TO BOTH OF YOUR PROGRAM EVALUATIONS AND DEGREE PLANS.\u00a0 CHECK WITH YOUR ADVISOR.\u00a0\u00a0 (SCHOOL OF BUSINESS FOR GR STUDENTS WILL HAVE A COMBINED EVALUATION)<\/span><\/p>\n<p><span style=\"color: #0000ff;\">IF I CHANGE MY MAJOR, WILL MY NEW MAJOR REQUIREMENTS BE CONSIDERED FOR FUNDING?\u00a0 &#8211;<\/span><\/p>\n<p><span style=\"color: #ff0000;\">AS LONG AS THE \u201cCHANGE OF ACADEMIC PROGRAM\u201d FORM HAS BEEN APPROVED AND PROCESSED.\u00a0 FORMS ARE AVAILABLE FROM SCHOOL OFFICES, AND THE OFFICE OF THE REGISTRAR<\/span><\/p>\n<p><span style=\"color: #0000ff;\">MY MAJOR DOES REQUIRE A MINOR, WILL MY AID DISBURSE FOR MINOR-REQUIRED CLASSES?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">AS LONG AS THE \u201cCHANGE OF ACADEMIC PROGRAM\u201d FORM HAS BEEN APPROVED AND PROCESSED.\u00a0 FORMS ARE AVAILABLE FROM SCHOOL OFFICES, AND THE OFFICE OF THE REGISTRAR<\/span>.<\/p>\n<p><span style=\"color: #0000ff;\">I AM ENROLLED IN 15 CREDITS OF WHICH 6 CREDITS ARE NOT REQUIRED FOR MY DEGREE, WILL MY AID STILL DISBURSE?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">YES, BUT ANY FEDERAL AID WILL BE ADJUSTED BASED ON 9 CREDITS.\u00a0 ONLY DEGREE APPLICABLE CREDITS COUNT TOWARD FEDERAL AID<\/span><\/p>\n<p><span style=\"color: #0000ff;\">I HAVE QUESTIONS SPECIFIC TO MY ENROLLMENT, WHO SHOULD I CONTACT?<\/span><\/p>\n<p><span style=\"color: #ff0000;\">FOR QUESTIONS SPECIFICALLY ABOUT YOUR ENROLLMENT, CONTACT YOUR ADVISOR.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What are my options if I am pursuing a second undergraduate degree?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\"><strong><em>Virginia Tuition Assistance Grant (VTAG)<\/em><\/strong><br \/>\nEach year, the Commonwealth of Virginia determines a grant amount to be awarded to legal residents of Virginia who attend Marymount full-time. The grant amount for this fall and spring is estimated to be <strong>$3,270<\/strong>.\u00a0 \u00a0<em>Qualifying students should submit the VTAG application to the Office of Financial Aid by no later than July 31. Later applications will be considered by the Commonwealth on a funds-available basis. Available to download from the MU Financial Aid web page.<\/em><strong>Federal Student Loans<\/strong><br \/>\nIn order to apply for any of the following loans, a\u00a0<a target=\"_blank\" rel=\"noopener noreferrer\">FAFSA<\/a> must be filed in order to determine eligibility.\u00a0 The FAFSA is filed online at <a href=\"https:\/\/www.fafsa.ed.gov\/\">www.fafsa.ed.gov<\/a>.<u>The <\/u><em><u>Direct <\/u><\/em><em><u>Subsidized<\/u><\/em> <em><u>Loan<\/u><\/em> enables students to borrow an annual amount based on their grade level and length of program. Under the Subsidized loan program, the federal government will pay the interest until the repayment period begins, six months after the student leaves school.<br \/>\n<u>The <\/u><em><u>Direct <\/u><\/em><em><u>Unsubsidized<\/u><\/em> <em><u>Loan<\/u><\/em> is available for undergraduate students who do not demonstrate financial need. The terms are the same as those for the Direct Subsidized Loan, except that the student is responsible for interest accrued while he or she is in school.<br \/>\nAs an independent undergraduate student with a prior degree, the maximum amount that can be borrowed in one academic year is <strong>$12,500<\/strong>. \u00a0\u00a0If your program of enrollment requires you to enroll fall, spring and summer, you will need to refer to the next item to pursue additional funds.<br \/>\n<strong>\u00a0Private Education Loans<\/strong><br \/>\nBecause the annual amount that can be borrowed under the Direct Loan program is limited to $12,500, most UG students with prior degrees rely on the Private Education Loan program to meet the remainder of their tuition balances, and to provide living expense money to meet their other obligations during this program.\u00a0 Private education loans are credit based, and often can require a co-signer for the best terms.\u00a0\u00a0 These loans can differ from one lender to the next, so compare the various terms carefully before selecting the one that best meets your needs.\u00a0 The best way to get started on a private loan search is to do a Google Search for \u201cPrivate Education Loans\u201d Please note that the terms and conditions of the Subsidized and Unsubsidized loans may be more favorable than the terms of private loans.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What happens if I withdraw from all of my classes?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p><u>Treatment of Title IV Aid When a Student Withdraws from Marymount University<\/u><\/p>\n<p>The law specifies how a school must determine the amount of Title IV program assistance that you earn if you withdraw from school. The Title IV programs that are covered by this law are: Federal Pell Grants, Iraq and Afghanistan Service Grants, TEACH Grants, Direct Loans, Direct PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs), and Federal Perkins Loans.<\/p>\n<p>Though your aid is posted to your account at the start of each semester, you earn the funds as you complete the semester. \u00a0If you withdraw during your payment period or period of enrollment the amount of Title IV program assistance that you have earned up to that point is determined by a specific formula. If you received (or Marymount or parent received on your behalf) less assistance than the amount that you earned, you may be able to receive those additional funds. If you received more assistance than you earned, the excess funds must be returned by Marymount and\/or you.<\/p>\n<p>The amount of assistance that you have earned is determined on a pro rata basis. For example, if you completed 30% of your payment period or period of enrollment, you earn 30% of the assistance you were originally scheduled to receive. Once you have completed more than 60% of the payment period or period of enrollment, you earn all the assistance that you were scheduled to receive for that period.<\/p>\n<p>If you did not receive all of the funds that you earned, you may be due a post-withdrawal disbursement. \u00a0If your post-withdrawal disbursement includes loan funds, Marymount must get your permission before it can disburse them. You may choose to decline some or all of the loan funds so that you don\u2019t incur additional debt.\u00a0 Marymount may automatically use all or a portion of your post-withdrawal disbursement of grant funds for tuition, fees, and room and board charges (as contracted with Marymount).\u00a0 Marymount needs your permission to use the post-withdrawal grant disbursement for all other school charges.\u00a0 It may be in your best interest to allow the school to keep the funds to reduce your debt at the school.<\/p>\n<p>If you receive (or Marymount or parent receive on your behalf) excess Title IV program funds that must be returned, Marymount must return a portion of the excess equal to the lesser of:<\/p>\n<ol>\n<li>Your institutional charges multiplied by the unearned percentage of your funds,<\/li>\n<\/ol>\n<p>2. The entire amount of excess funds.<\/p>\n<p>Marymount must return this amount even if it didn\u2019t keep this amount of your Title IV program funds.<\/p>\n<p>If Marymount is not required to return all of the excess funds, you must return the remaining amount.<\/p>\n<p>Any loan funds that you must return, you (or your parent for a Direct PLUS Loan) repay in accordance with the terms of the promissory note. That is, you make scheduled payments to the holder of the loan over a period of time.<\/p>\n<p>Any amount of unearned grant funds that you must return is called an overpayment. The maximum amount of a grant overpayment that you must repay is half of the grant funds you received or were scheduled to receive.<br \/>\nYou do not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. You must make arrangements with Marymount or the Department of Education to return the unearned grant funds.<\/p>\n<p>The requirements for Title IV program funds when you withdraw are separate from any other refund policy that Marymount may have. Therefore, you may still owe funds to Marymount to cover unpaid institutional charges.<\/p>\n<p>Marymount may also charge you for any Title IV program funds that they were required to return. If you don\u2019t already know Marymount\u2019s refund policy or officially withdrawing procedures from school please read it here: <a href=\"https:\/\/www.marymount.edu\/Admissions\/Student-Accounts\/Bill-Payment\/Refund-Policy\">https:\/\/www.marymount.edu\/Admissions\/Student-Accounts\/Bill-Payment\/Refund-Policy<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>How do I contact the Student Loan Ombudsman?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">The contact information for the FSA Student Loan Ombudsman can be found <a href=\"https:\/\/www.nasfaa.org\/news-item\/7565\/GEN-16-04\">here<\/a>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What are the eligibility rules with a drug conviction?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>Notice of Federal Drug Violations \u2013 Title IV<\/p>\n<p>In accordance with Federal regulations, Marymount University is required to annually notify all enrolledstudents regarding the impact on financial aid eligibility for a student who is convicted for any offense,during a period of enrollment for which the student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).<\/p>\n<p>A student who has been convicted of an offense under any federal or state law involving the possession<br \/>\nor sale of a controlled substance during a period of enrollment for which the student was receiving<br \/>\nfinancial aid shall not be eligible to receive any federal student aid. Convictions do not count if the<br \/>\noffense was not during such a period, unless the student was denied federal benefits for drug trafficking<br \/>\nby a federal or state judge. A conviction that was reversed, set aside, or removed from the student`s<br \/>\nrecord does not count, nor does one received when he\/she was a juvenile, unless he\/she was tried as an<br \/>\nadult.<\/p>\n<p>The period of ineligibility for financial aid funds, depending on whether the conviction was for sale or<br \/>\npossession and whether the student had prior convictions, is specified below:<br \/>\nIf convicted of any offense involving the possession of a controlled substance, the ineligibility period is:<\/p>\n<p>First Offense. . . . . . . . . . . . . . . . . . . . . . . .1 Year from date of conviction<br \/>\nSecond Offense. . . . . . . . . . . . . . . . . . . . . 2 Years from date of conviction<br \/>\nThree or more Offenses. . . . . . . . . . . . . . . Indefinite period<\/p>\n<p>If convicted of any offense involving the sale of a controlled substance, the ineligibility period is:<br \/>\nFirst Offense\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u20262 years from date of conviction<br \/>\nSecond Offense. . . . . . . . . . . . . . . . . . . . . . Indefinite period<\/p>\n<p>If a student is convicted of both possessing and selling illegal drugs, and the periods of ineligibility differ from one another, the student will be ineligible for financial aid for the longer period of time.<\/p>\n<p>REGAINING ELIGIBILITY: A student may regain eligibility for federal financial aid after the required period of time has elapsed since the conviction, or if the conviction is reversed, set aside, or removed from the student`s record so that fewer than two convictions for sale or three convictions for possession remain on the record, or if the student can certify completion of a qualified drug rehabilitation program.<br \/>\nA qualified drug rehabilitation program must include at least two unannounced drug tests and must also<br \/>\nsatisfy at least one of the following requirements:<\/p>\n<p>. Be qualified to receive funds directly or indirectly from a federal, state, or local government program<br \/>\n. Be qualified to receive payment directly or indirectly from a federally or state-licensed insurance<br \/>\ncompany<br \/>\n. Be administered or recognized by a federal, state, or local government agency or court<br \/>\n. Be administered or recognized by a federally or state-licensed hospital, health clinic or medical doctor<br \/>\nIt is the student`s responsibility to certify to the Office of Student Financial Aid that the student has<br \/>\nsuccessfully completed a rehabilitation program.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What happens to my Pell Grant if I drop a course?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>If you are receiving Pell funds and choose to drop credits between\u00a0<strong>the first day of class and the last day to drop classes with a partial refund<\/strong>, your Pell Grant will be reduced to reflect your new enrollment load. Refer to the Academic Calender for each semesters official dates.<\/p>\n<p>For example, if you are a full-time student on the first day of classes but drop to half-time on or before\u00a0<strong>the last day to drop classes with a partial refund<\/strong>\u00a0your Pell Grant will be prorated to reflect your half-time enrollment status.<\/p>\n<p>If dropping a class does not reduce your enrollment load (for example your start at 15 credits but drop to 12 &#8211; still full-time), your Pell Grant will remain the same.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Are there any federal loan forgiveness programs for Educators?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">There are federal loan forgiveness programs available for educators. Information on those programs can be found <a href=\"https:\/\/studentaid.ed.gov\/sa\/repay-loans\/forgiveness-cancellation\/teacher\">here<\/a>.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What if I want more information about loan repayment?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">All loans must be repaid. We will provide you information about your loan repayment prior to your graduation or separation from the school through required exit counseling material. For more information about loan repayment schedules, visit: <a href=\"https:\/\/studentloans.gov\/myDirectLoan\/index.action\">Studentloans.gov<\/a>\u00a0(at the bottom of the page under &#8216;Repay Loans.&#8217;)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Will my student&#8217;s financial aid or scholarship apply when s\/he studies abroad?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">Marymount University students who are studying abroad are eligible to use their Marymount University scholarships and financial aid towards the cost of their study abroad program. Students MUST be full-time, possess a 2.5 GPA or higher, and be participating on an approved study abroad program in order to use their Marymount financial aid and\/or scholarships. There are several opportunities for students to apply for additional scholarship to cover the cost of study abroad. Please check with the Center for Global Education\u00a0page for more information. Students who have completed a FAFSA should contact the Office of Financial Aid to discuss their aid packages.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>Do I have to attend classes to receive federal financial aid?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\"><strong>The policy below relates ONLY to Federal Title IV aid<\/strong> (<strong>Pell Grant, SEOG, Work-Study, Direct Loans, Perkins Loan, and PLUS loans (PPLUS and GPLUS). Institutional, state and private awards are not included.<\/strong><br \/>\nPer federal regulations, you establish eligibility for aid only if you actually begin attending your classes. \u00a0\u00a0Therefore, your presence in a class will be documented by the instructor through taking roll.\u00a0 \u00a0This will be done at one of the class meetings within the first two weeks of class for a regular fall\/spring semester (shorter time frames apply for mini-terms like summer).<br \/>\nAll courses must be verified. Note that this policy also applies to online classes, Study Abroad, and internships \u2013 although the methods of \u201cattendance collection\u201d are modified.<br \/>\nProcessing of federal aid is affected by non-attendance in the following ways:<\/p>\n<ol>\n<li>For summer terms, no federal aid will be released until attendance is confirmed<\/li>\n<\/ol>\n<ol>\n<li value=\"2\">Following the last day to add\/drop for the term, \u00a0\u00a0enrollment information will be evaluated based on the courses in which you are registered.\u00a0\u00a0 These are the credit hours that will be used to determine your final aid eligibility for the term.\u00a0 Please review the academic calendar to confirm the last day to add\/drop for each term.<\/li>\n<\/ol>\n<p>After the last day to add\/drop, you will be dropped from classes that you failed to attend and \u201cW\u201d grades will be posted to your record.\u00a0 You will still be responsible for tuition and fees.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What are the office hours?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>The Financial Aid Office is open Monday through Friday, 9 a.m. to 5 p.m.<\/p>\n<p>Walk-ins are welcome anytime during business hours. An appointment with the professional staff can be made if neccesary.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>When can I expect my financial aid refund?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>Per Federal Regulations, Marymount University will be updating their course attendance confirmation policy and procedures beginning with the Spring 2019 semester. This newly implemented regulation will impact when federal aid is disbursed and refunded to students.<\/p>\n<p>In previous years, Marymount disbursed federal aid on the first day of classes, and refunded any excess funds to students within 14 days of the disbursement. Due to the newly implemented regulations, the University will not disburse federal aid once classes begin until after attendance has been confirmed. Marymount realizes how important the refund of excess federal funds is to many students; therefore, in order to comply with the new regulation and still meet the needs of our students, Marymount will be offering an Early Refund Period to qualifying students.<\/p>\n<p>Beginning Spring 2019, students awarded federal aid (Unsubsized Loans, Subsidized Loans, Parent PLUS Loan, Grad PLUS Loans, Pell Grant or SEOG Grant) and wish to receive an early refund of any excess federal funds (if applicable) before the attendance confirmation period, must complete the following steps no later than January 2nd, 2019.<\/p>\n<p>Student must be registered for the number of credits for which their award was based.<br \/>\nAll courses must count toward your degree program.<br \/>\nAll steps to accept federal loans (Master Promissory Note\/Entrance Counseling, Parent Plus\/Grad Plus Application) must be completed (If not already completed)<\/p>\n<p>Students who have completed these steps by January 2nd, 2019, and have excess funds, will be eligible to receive their refund before classes begin on January 14th, 2019. Once classes begin, NO FEDERAL AID WILL BE DISBURSED to a student\u2019s account until attendance confirmation has been completed. This confirmation process may take up to six weeks after the first day of classes. Students who receive an early refund and then make changes to their schedule or Financial Aid award, will be responsible for any additional charges incurred as a result of these changes.<\/p>\n<p>Due to the new attendance regulation and change in financial aid disbursement, Student Accounts will also be changing the availability of Book Credits in the Spring semester.\u00a0\u00a0 Book Credits will be available beginning January 14th, 2019 (the first day of class) thru February 8th, 2019. Students who are unable to complete the necessary early refund steps by the deadline, will still be able to use their excess undisbursed federal aid for Book Credits. For more information about Book Credits, please contact the Office of Student Accounts at (703) 284-1530.<\/p>\n<p>Please note that all other aid (besides federal aid) will be disbursed and refunded throughout the attendance confirmation period as usual.<\/p>\n<p>If you have any questions or concerns, please do not hesitate to contact Student Accounts. As always, our office has an open door policy Monday through Friday 9am-5pm. You can also reach us via phone at 703-284-1490 or by email at saccount@marymount.edu.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What if I am taking a different number of credits then what is required on my award letter?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">If the number of credit hours is different than what the award was based on, the Cost of Attendance of the student must be recalculated and a new determination made of financial aid eligibility based on the new enrollment status. Any ineligible aid must be returned, possibly leaving the student with a student accounts balance.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel panel-default academicyr\">\n<div class=\"acd-heading\">\n<h3>What is the latest information about emergency funding as a result of COVID-19?<\/h3>\n<div class=\"arrow\"><img decoding=\"async\" title=\"Answer\" src=\"\/App_Themes\/MarymountUniversity\/images\/arrow.png\" alt=\"Answer\" \/><\/div>\n<\/div>\n<div class=\"panel-collapse collapse\">\n<div class=\"panel-body\">\n<div class=\"row\">\n<div class=\"col-md-12 accordian-sub-menu\">\n<p>We are providing the latest information sent in a May 8 email to all students from the Office of Academic Affairs:<\/p>\n<p>As you heard at last week\u2019s town hall, Marymount is the recipient of federal funding through the Higher Education Emergency Relief Funds for Student Aid under the CARES Act (Coronavirus Aid, Relieve, and Economic Security Act). Due to new guidance from the Department of Education received on Friday, May 1, Marymount has had to shift its approach to the distribution of these funds.<\/p>\n<p>We are acting quickly to disburse these funds to you, the students.\u00a0 Currently enrolled students deemed eligible per the CARES Act will receive funds to assist them with expenses related to the disruption of campus operations due to the COVID-19 pandemic.\u00a0 Funding amounts were determined by student financial need as evidence by the estimated family contribution (EFC) calculation based upon the student\u2019s FAFSA.<\/p>\n<p>By accepting these funds, students agree to use them toward expenses related to the disruption of Marymount campus operations due to coronavirus (e.g. food, housing, course materials, technology, health care, and child care).\u00a0 Additionally, the IRS has announced these funds are not considered income; therefore they are not taxable.<\/p>\n<p><b>Are you eligible and what action do you need to take?<\/b><\/p>\n<p>Under the CARES Act, emergency funds are available to students who are currently enrolled in a degree program and who must be a U.S citizen or national, a permanent resident, or an eligible noncitizen. In addition, graduating students are not eligible for these emergency funds. \u00a0\u00a0Eligible students must have a completed a FAFSA to obtain aid.<\/p>\n<p>Eligible students who have completed a FAFSA for the 2019-2020 academic year\u00a0<b>do not need<\/b>\u00a0to take any action to receive their CARES Act emergency funds.<\/p>\n<p>However, eligible students\u00a0<b>who have not submitted<\/b>\u00a0a FAFSA should do so by\u00a0<b>Wednesday,\u00a0May 20<\/b>\u00a0in order to be considered for CARES Act emergency funds.\u00a0 To complete the 2019-2020 FAFSA, go to\u00a0<a href=\"https:\/\/my.marymount.edu\/CMSModules\/Newsletters\/CMSPages\/Redirect.ashx?linkguid=31d263fc-5f41-4561-b9b4-c75986b2ce1f&amp;email=kkm35614%40marymount.edu&amp;hash=87df54a0b684e968485eaab3bb089959cd00de6a7ce2c4826f4ef280ae9dc2f2\" target=\"_blank\" rel=\"noopener noreferrer\">www.fafsa.ed.gov<\/a><\/p>\n<p>Eligible students should verify that their address on file at Marymount is up-to-date and accurate.<\/p>\n<p><b>Can I receive any assistance if I am not eligible under the CARES Act?<\/b><\/p>\n<p>The CARES Act emergency funds are available to students who are currently enrolled in a degree program and who must be a U.S citizen or national, a permanent resident, or an eligible noncitizen.\u00a0 Unfortunately, international students, DACA students, non-documented immigrants, and graduating seniors are\u00a0<b>not eligible<\/b>\u00a0under the CARES Act.\u00a0 However, Marymount has established separate funding opportunities for students not eligible under the CARES Act but who have been impacted by COVID-19.\u00a0 Marymount is working to assist those who fall into this ineligibility category.\u00a0 More details will be forthcoming, but at this time,\u00a0<b>there is no action<\/b>\u00a0that is required on your part if you are ineligible under the CARES Act.<\/p>\n<p><b>Did you previously submit an Emergency Tuition Assistance application?<\/b><\/p>\n<p>Due to the receipt of the CARES Act emergency funds, the Emergency Tuition Assistance has been discontinued.\u00a0\u00a0 If you submitted an application for Emergency Tuition Assistance, your circumstances have been taken into consideration when dispensing the CARES Act emergency funds. \u00a0\u00a0If eligible, you can receive emergency funding under the CARES Act as explained below.<\/p>\n<p>If you previously submitted an Emergency Tuition Assistance application,<br \/>\no\u00a0\u00a0\u00a0If you are eligible under the CARES Act and you completed a FAFSA for the 2019-2020 academic year, you\u00a0<b>do not need<\/b>\u00a0to take any action to receive their CARES Act emergency funds<br \/>\no\u00a0\u00a0\u00a0If you are eligible under the CARES Act and you\u00a0<b>have not submitted<\/b>\u00a0a FAFSA, you should do so by Wednesday, May 20 in order to be considered for CARES Act funds.<br \/>\no\u00a0\u00a0\u00a0If you are not eligible under the CARES Act; Marymount is working to assist those who fall into this ineligibility category.\u00a0 More details will be forthcoming, but at this time,\u00a0<b>there is no action<\/b>\u00a0that is required on your part.<\/p>\n<p>Eligible students should verify that their address on file at Marymount is up-to-date and accurate.<\/p>\n<p>Please note as indicated above, by accepting these funds, students agree to use them toward expenses related to the disruption of Marymount campus operations due to coronavirus (e.g. food, housing, course materials, technology, health care, and child care).<\/p>\n<p>Finally, we would like to note how impressed we are with your resilience this semester and thank you for your continued adaptability. We wish you a successful conclusion to the Spring 2020 semester, and we look forward to seeing you back on campus soon.<\/p>\n<p>If you have a question about receiving emergency funds as a result of COVID-19, please email the COVID-19 hotline (<a href=\"mailto:covidhotline@marymount.edu\" target=\"_blank\" rel=\"noopener noreferrer\">covidhotline@marymount.edu<\/a>).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Expand All Is there a deadline for applying for financial aid? Our office does not have a deadline for financial aid applications. However, you need to allow a minimum of eight weeks to process your application (FAFSA). You also need to allow extra time for corrections or verification procedures. 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