Financial Aid

• Release of Information
  • FERPA regulations
    • We are unable to discuss details of financial aid with parents without written permission of your son or daughter
    • Authorization forms available
• Federal Parent Loans (PLUS)
  • Non-need based
  • Student lender determines if the parent's applicant is eligible
  • Payments start 60 days after second disbursement
  • All PLUS loan disbursements are subject to an origination and guarantee fee of up to 4%
  • Fixed rate of 8.5%

• Federal AID
  • Complete the 2007-08 Free Application for Federal Student Aid (FAFSA)
    • Available online or in paper form
      • Online application recommended
      • Official site is: www.fafsa.ed.gov
• Special Circumstances?
  • Parent is unemployed since you applied
  • High medical bills not covered
  • Elderly parent to support
  • Private elementary or secondary school tuition
  • Other circumstances
  • Contact us to discuss your particular situation at (620) 341-5457

• How do Students Keep Financial Aid?
  • Students must make satisfactory academic progress
    • Encourage your student to attend class!
      • Freshmen must maintain a 1.70 cumulative GPA and if funded as a full-time student complete 9 out of 12 hrs.
    • Remember - students must apply for federal aid each year
• The Process
  • Student applies for federal aid by completing the Free Application for Federal Student Aid (FAFSA)
  • School receives a copy of the student aid report
  • Notify student if additional information is needed
    • Verification
      • Department of Education selects 30% of applications for verification
      • If selected, we need a signed copy of parent and student tax return along with copies of all W2's
      • Respond to all requests for information
    • Call if you have any questions - (620) 341-5457
  • Award notification
    • When notified, go to website to view the award letter
    • Most awards are based on full-time enrollment.  If the student is not attending full-time, notify the financial aid office so we may revise financial aid
    • Accept or decline awards
      • If loans are declined or reduced now and then student decides later additional funds are needed, contact the Financial Aid Office.  Funding may still be available.
    • Student Accepts/Declines aid offered via Buzzin Student Channel
    • Student submits Accepts/Declines to Financial Aid Office
    • Revisions
      • Financial Aid receives notice of the scholarship or outside aid
      • Aid is reviewed and revised if necessary
        • Student is notified via email to return to Buzzin
        • Student accepts or declines revision
        • Re-submits to Financial Aid Office
      • Loan Counseling - done online
      • Master Promissory Note - done online
        • Loan certification cannot be done until student is enrolled in the number of hours for which they were awarded
      • Financial aid is received and electronically transferred to Cashiering Services for processing

Last Updated March 27, 2008