What happens if financial aid is late

There are a number of alternative ways to fund your education, while you are waiting for your late financial aid application to be reviewed: General Scholarship Opportunities - www. Alternative Student Loans - apply on-line with the lender of your choice or visit www. Contact Workforce Funding to explore other funding sources. Take a short survey to find out! What happens if you miss fafsa state deadline? Can fafsa be zero on taxes? Should I skip questions about my assets on fafsa? What is the biggest question about financial aid?

How can I maximize my student financial aid? Loan eligibility is determined at the time of disbursement. Dropping Credits During the Late Drop Period Impacts on your aid eligibility: You will be responsible for the balance of your tuition bill if your aid is adjusted. If you are a Pennsylvania State Grant recipient, your grant may be reduced if you drop from full-time to half-time enrollment, or from half-time to less than half-time.

Late Dropping credits may jeopardize future aid eligibility. You must maintain satisfactory academic progress or you may become ineligible for aid, including loans. In some cases, the colleges are doing what they can to help cash-strapped students eke by until the aid check arrives.

Some colleges are waiving fees for late tuition payments and others are offering interest-free loans for books and tuition until the check comes in the mail. Many of the financial aid office workers are putting in extra hours and taking work home to try to muddle through the backlog of applications as quickly as possible. Students may also find colleges offering installment payment options that allow them to pay their tuition in smaller, more manageable, increments over a period of time.

However, these types of solutions do not answer the need for money to pay the rent and basic necessities like groceries. In some cases, students have been waiting weeks, or even months, for that check to come. Others have been told they may not see any financial aid money until the end of the semester.