Frequently Asked Questions
Q: How often do I have to complete a FAFSA?
A: A FAFSA must be completed for each school year, which runs from July 1st through June 30th. The best rule of thumb is to complete your FAFSA each year as soon as you get your taxes back - assuming that you complete then on-time and do not apply for or utilize any extentions.
Q: What will happen after I complete my FAFSA each year?
A: You will be sent an award letter outlining all of the non-credit based aid that you are eligible for, which you will then need to review and either choose to keep the aid as it is presented to you or complete a Change Sheet with your Financial Aid Counselor in the Financial Planning Office or via email.
Q: I heard that I can make interest payments while I’m in school. Is that true?
A: Yes, this is true and we highly recommend that you make regular interest payments while you are in school, if you can afford to do so as it will keep your overall loan debt down. Be sure to contact your servicer before making any payments on student loans while you are not in repayment as they may have a certain procedure for making interest only payments.
Q: How much am I eligible to borrow in non-credit based loans?
A: Doctor of Chiropractic students are eligible to borrow up to $33,000 in Stafford loans per loan period, or $16,500 per trimester, and Undergraduate students must have their FAFSA evaluated to determine the amount of Stafford Loans that they are eligible to borrow.
Q: Where do I go for more information and answers to questions that I have in addition to those listed above?
A: For more information or for answers to questions you may have about these upcoming changes, please stop by your campus Financial Planning Office.