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1 – APPLY FOR FINANCIAL AIDStudents must complete and submit the following documents to the Financial Aid Office by the stated deadlines:• Carlos Albizu University Office (CAU) Application
• Proof of Citizenship (if requested)
• Federal Stafford Student Loan Application (if requesting a loan)
• Other documents as requested by Financial Aid Office.Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA (Code: E00616).
The students are encouraged to complete the FAFSA on the web at www.fafsa.ed.gov.
If you are using either the FAFSA on the Web version or the paper version, you can use the instructions on this web site as a guide to help you complete the application process.If you apply electronically on FAFSA on the Web or Renewal FAFSA on the Web, you can use a PIN to sign your application. You can obtain a PIN before you begin the application process by applying at www.pin.ed.gov.2 – ENTRANCE INTERVIEWIf you are applying for a Federal Student Loan, the first step is to complete an entrance interview. To do that you can visit www.mapping-your-future.org. Go to Carlos Albizu University and follow the instructions.3 – BE ADMITTEDAll applicants must be academically admitted to Carlos Albizu University as a degree-seeking student.4 – RECEIVE FINANCIAL AID AWARD• Awards are made based on projected enrollment listed on the office appl ication.
• YOU MUST BE ENROLLED IN AT LEAST HALF-TIME STATUS (NOT INCLUDING REPEATED COURSES), IN ORDER TO BE ELIGIBLE FOR FINANCIAL AID. (Exceptions: Dissertation and Internship)
• YOU MUST MAINTAIN SATISFACTORY ACADEMIC PROGRESS.
• If you receive financial aid not shown on the award notice, you must report it to the Financial Aid Office – an adjustment may be required.
• If your award letter includes a Stafford loan, you may expect disbursement of the awarded amount less origination fees (approximately 3 percent).
• You may cancel all or a portion of your financial aid award by providing written notice to the financial aid office.5 – DISBURSEMENT OF FINANCIAL AIDInstitutionally controlled financial aid (federal and institutional grants, scholarships, and Stafford loans transmitted by EFT) will be credited to your student account as soon as an enrollment audit has been completed, aid adjustments have been made and funds received (usually between the third and eighth week of the session). Awards are adjusted according to enrollment status.
• Federal Work-Study Program funds will be paid to you bi-weekly for the actual hours worked.6 – REIMBURSEMENT OF FINANCIAL AIDIf total financial aid disbursed exceeds direct charges for a session, you may receive a reimbursement check for the remaining balance. These are processed by the Finance Office and mailed to you.
Students are responsible of notifying the Finance Office of any changes of address.
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