The following late penalties apply to the financial aid renewal applications of returning students (traditional Sophomore, Junior, Senior) for the 2014-15 academic year.
Our goal is to provide the highest level of customer service possible to all students and families. Late submission of required documents delays our review of an application, which in turn delays the posting of financial aid credits to a student’s account. Your attention to completing the financial aid renewal application process on time will help us provide the very highest quality assistance to all those we serve. To encourage completion of the application process in a timely way, we will assess a graduated late penalty to any late applications. The chart below describes the late penalty structure. For those families who have extenuating circumstances, such as an illness or other unanticipated emergencies, we ask that you notify our office prior to the deadline to request an extension.
|Application Received||Late Penalty|
|After May 1 (application deadline)||$500 decrease to University Scholarship with $500 loan increase|
|After June 1||$1,000 decrease to University Scholarship with $1000 loan increase|
|After July 1||Potential loss of all University Scholarship and eligibility for financial aid initiatives for the fall semester.|
November 1, 2014 (App deadline)
For Spring scholarship consideration
After November 1 and no later than December 1, 2014
|A late penalty of $1,000 increased loan|
|After December 1, 2014||Potential loss of all University Scholarship and eligibility for financial aid initiatives for the spring semester.
We encourage students to confirm that their application is complete by checking their application status on-line prior to the deadline.
*Leave of Absence: The financial aid application deadline for students who attend the Spring 2014 semester only is November 1, 2014. Applications received after November 1 and no later then December 1, 2014 will receive a late penalty of $1,000 increased loan. Applications received after Decembe