Q: How do I administer for need-based aid?
A: Abide the Free Appliance for Federal Apprentice Aid (FAFSA). The advice from the FAFSA will advice us to actuate the blazon of federal banking aid you are acceptable to receive. Louisiana undergraduate acceptance absorbed in applying for all accessible accompaniment aid programs (Including the”TOPS” Scholarship Program) additionally charge to complete this form.
Q: What abstracts will I charge to complete the Free Appliance for Federal Apprentice Aid (FAFSA)?
A: You will charge the afterward documents: (You can complete the FAFSA appliance “estimated data.” If you accept this option, you will charge to accelerate us a archetype of all tax forms back they are completed and submitted to the Internal Revenue Service.)
Q: What is the borderline for appointment my Free Appliance for Federal Apprentice Aid (FAFSA)?
A: The FAFSA (with absolute signatures) charge be submitted by the antecedence borderline of February 15th of anniversary year (incoming students) OR May 1 (returning students) . If the FAFSA is accustomed late, you may alone be advised forFederal Stafford Loans, Federal Grants, and Federal Ancestor PLUS Loan.
Q: What is Loyola’s Title IV Code (information appropriate on the FAFSA form)?
A: Our Title IV Code is 002016.
Q: How does the Department of Education appear up with my “Expected Ancestors Contribution (“EFC”)?
A: Your Expected Ancestors Contribution (EFC) is the cardinal that’s acclimated to actuate your accommodation for federal apprentice aid. The EFC is not the bulk of money that your ancestors charge provide. Rather, you should ahead of the EFC as an basis that colleges use to actuate how abundant banking aid you would accept if you were to appear their school.
Q: How continued does the banking aid appliance action take?
A: Need-based aid bales are affected afterwards the apprentice has been
Q: What if I charge added aid and/or the FAFSA does not reflect my present situation?
A: Contact your banking aid advisor for added instructions.
Q: If I move off-campus, how does this affect my banking aid?
A: We use the aforementioned active bulk bulk abstracts to actuate aid accommodation for both on-campus and off-campus students. The aberration is that off-campus acceptance are billed by Loyola University alone for charge and may accept some of their banking aid as an balance aid refund. The balance aid is generally acclimated to abetment in advantageous for off-campus active costs (rent, utilities, groceries, etc). Afore you move off-campus, accomplish abiding you accomplish a account for the assorted costs associated with renting an accommodation that you would not appointment as an on-campus student.
Undergraduate acceptance whose abiding addresses are alfresco of the city New Orleans breadth are appropriate to alive on campus for their aboriginal two years of study.
Q: My banking aid awards were reduced. How can aid be bargain afterwards it was awarded it to me?
A: Federal and accompaniment banking aid laws accompaniment that a apprentice cannot accept a banking aid bulk greater than the bulk of appearance bare any added aid and their” Expected Ancestors Contribution”. If you completed your FAFSA with estimated assets advice OR if your FAFSA was about best for analysis by the Department of Education, your accolade will not be final until we accept all requested abstracts and accomplish any bare adjustments to the aboriginal abstracts you reported.
Awards may additionally be bargain if we ascertain a cogent aberration amid the assets and asset advice appear on your FAFSA and the advice authentic on your 2012 federal tax returns.
Loyola University New Orleans is answerable to abate your federal or accompaniment aid if alfresco aid or scholarships aftereffect in an over-award situation. For example, if a apprentice receives a new scholarship midyear, causing him to be over awarded, again the aid amalgamation will charge to be bargain to atone for the scholarship. Had we accepted about this scholarship back the aboriginal banking aid amalgamation was calculated, the aid bulk would accept been lower in the aboriginal package. To acclimatize for an over-award, we commonly abate the Federal Stafford Accommodation OR Federal Work Study, afore we would alter your absolute accommodation for grants.
Q: Should I accelerate in my tax forms and added paperwork afore you ask for it?
A: Please do not abide tax forms unless accurately requested.
Q: Charge my parents and I complete our federal tax forms afore filing the FAFSA?
A: The FAFSA allows estimates for assets and tax advice if the appellant and/or applicant’s parents accept not yet completed federal tax forms for the catastrophe agenda year. On #32 for acceptance and on #76 for parents, baddest best B (“will file, but accept not yet completed my return”). If you do estimate, accumulate in apperception that you charge absolute your FAFSA afterwards (via the cardboard Apprentice Aid Address or FAFSA on the Web) with the absolute tax figures, back you are answerable by law to address an authentic account of your family’s finances. We adopt that you book the FAFSA with estimates instead of cat-and-mouse for a completed federal tax return, if cat-and-mouse for your tax acknowledgment will anticipate you from affair our priority-processing deadline. The antecedence borderline for commutual the FAFSA for admission acceptance is February 15 anniversary year.The antecedence borderline for abiding acceptance is May 1 of anniversary year. Acceptance whose FAFSAs are recorded afterwards the antecedence appliance borderline will be advised late, and will acceptable alone accept application for the federal Stafford loan, federal ancestor PLUS loan, and all federal admission programs.
Q: If my parents are afar or separated, do I accommodate both parents’ assets advice on the FAFSA, alike admitting they no best alive together?
A: The FAFSA worksheet (page 4) gives the afterward explanation:“If your parents are afar or separated, acknowledgment the questions about the ancestor you lived with added during the accomplished 12 months. If you did not alive with one ancestor added than the other, accord answers about the ancestor who provided added banking abutment during the accomplished 12 months, or during the best contempo year that you absolutely accustomed abutment from a parent. If this ancestor is remarried as of today, acknowledgment the questions about that ancestor and the being to who your ancestor is affiliated (your stepparent).”
Q: If my parents are divorced, and the ancestor I accept added abutment from remarries, do I accept to accommodate my stepparent’s assets advice on the FAFSA, alike admitting that being does not accommodate any banking abutment for me?
A: Federal banking aid law states that if your biological pa
rents are divorced, and you alive with the ancestor who has remarried, you charge accommodate the stepparent’s assets advice on the FAFSA, back you are advised allotment of that person’s household. This is the case alike if your ancestor and your stepparent book abstracted federal tax returns. You complete the FAFSA by abacus the amounts from both of the tax allotment together.
Q: Back is the Appointment of Scholarships and Banking Aid open?
A: The Appointment of Scholarships and Banking Aid is amid in Thomas Hall , Room 410. Appointment hours are from 8:30 a.m. to 4:45 p.m., Monday through Friday. On Tuesday mornings, we accept binding agents training from 8:30 – 9:30 a.m. We can be accomplished by buzz at 504-865-3333, by FAX at 504-865-3233 or by e-mail at [email protected]
Q: Who Is Handling My File?
A: Anniversary apprentice is assigned to a advisor by his or her aftermost name
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