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Financial Aid

Did You Know

DID YOU KNOW ... 

  • You can complete the 2020-2021 Free Application for Federal Student Aid (FAFSA) beginning October1,2019.
  • Did you know that you do not have to wait until you file taxes to complete the FAFSA? You can estimate your income based off of your last 2018 wage and earnings statement.
  • Did you know that the Financial Aid Priority filing deadline for 2020-2021 is March 31, 2020? Do not delay filling out the FAFSA. Some funds are awarded on a first come first served basis.
  • Did you know that students with an APPROVED Satisfactory Academic Progress (SAP) appeal for FALL 2020 must academically progress during FALL 2020 in order to receive aid for the upcoming semester. Approval IS NOT automatic.
  • Did you know that students can review their BANNER STUDENT ACCOUNT for financial aid award updates, documents outstanding, financial aid holds, etc..?
  • Did you know that student loan debt has surpassed credit card debt? It is important that you create a budget each semester and borrow only what you need.
  • Did you know that students who receive federal financial aid and officially withdraw from all classes before the 60% point of the term may be subject to repayment of financial aid received? Please view the financial aid website at www.subr.edu and click on financial aid for additional information on Withdrawals and Title IV returns.  
  • Did you know that students who unofficially withdraw from all classes (not attending classes for which you have enrolled) may be subject to repaymentof federal financial aid received?
  • Did you know that the PELL grant program has a maximum lifetime limit to receive PELL funds? A recent change in the law limits the total lifetime amount of Pell Grant funding a student may receive to the equivalent of twelve (12) full-time semesters or six (6) years (600%). This change affects all Pell Grant eligible students beginning with the 2012-13 award year. For additional information on how the Pell Grant received amount was calculated, please visit www.studentaid.ed.gov/pell-limit.
  • Did you know financial aid is not disbursed until attendance in all classes is confirmed?
  • Did you know that the Direct Parent Loan for Undergraduate Students (PLUS) and the Direct Graduate PLUS loan requires credit approval through the Department of Education? www.studentloans.gov.
  • Did you know that there are Federal Stafford loan limits for Dependent students of $23,000 Subsidized and $8,000 Unsubsidized and for Independent students $23,000 Subsidized and $34,500 Unsubsidized? Please visit https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized to view the loan limits and visit www.NSLDS.ed.gov to see what you have borrowed.