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You must meet the following federal qualifications to be considered for
financial aid:
• U.S. citizenship or eligible non-citizen status
• enrollment or acceptance for enrollment in a degree program at
an eligible institution
• no default on a federal student loan or refund required to a federal
grant program
• registration with Selective Service if required
• valid Social Security number
• high school diploma or GED
• satisfactory academic progress toward a degree
• enrollment status
• major
• year in school
• housing choice
Cost – EFC = Need
• You can find the federal EFC (Expected Family
Contribution) on the Federal Student Aid Report you get after filing the
FAFSA.
• The federal EFC is not the amount you will pay to Saint Joseph’s
College. Your financial aid award letter will give you an estimate of
your bill for the year.
• We use the federal EFC to determine your federal and state awards.
Example: a student who has an EFC of 6600 or less will be considered
for the Maine State Grant program.
• We also calculate an institutional EFC. This figure is used to
determine your eligibility for our own grant programs.
Generally, there is no change to any financial aid if you study abroad
through the International Study Exchange Program (ISEP). You are billed
by the College and your aid is paid to your account. However, you cannot
use work-study funds while you are away from campus.
Most federal and state grant and loan programs (not
College funds) can be used for other types of study abroad programs as
long as a consortium agreement can be established with the other
school.
• We begin to mail award letters to new students in March. We begin
to mail returning student awards in May.
• The award letter will list the types and amounts of aid that you
are eligible to receive. This letter will also include our estimate of
your share of tuition, fees, and room/board (if you live on campus).
• The award letter must be signed and returned to the Office of
Financial Aid. The second copy is to be kept by the student.
• Financial aid cannot be paid until all documents have been received
and reviewed and enrollment has been confirmed.
• We will include information about our payment plan and other financing
options.
• Federal, state and institutional funds are paid each semester.
• Before we can pay your funds, we must check your enrollment status
and eligibility.
• New borrowers must complete the entrance interview and promissory
note before loan funds can be paid.
• If you have a credit on your account, these funds are returned
to you (or your parent if it is from a Federal Parent Loan) unless you
tell the Treasurer’s Office differently.
• Statements are mailed to the student/family throughout the year.
Aid that has been awarded but not paid will show as “pending”
aid.
• Federal work-study does not appear on the bill because students
are paid by check for the hours worked.
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