Apply now for Federal Financial Aid Assistance
|If you plan to attend
|You will submit
|Using income and
tax information from:
|August 2023 - July 2024||2023-2024||2021|
|August 2022 - July 2023||2022-2023||2020|
INFORMATION YOU WILL NEED WHEN COMPLETING YOUR FAFSA:
- Federal School Code is 001040
- Federal tax returns from prior prior year
- Driver’s license number
- Asset information (real-estate other than your home, businesses, farms, investments…)
- Federal processor 1-800-4-FED-AID (1-800-433-3243)
All students applying for the federal financial aid programs must submit a FAFSA (www.studentaid.gov). Students applying on the web would first apply for a FSA User ID and Password in order to sign the FAFSA online. Parents of dependent students also need a FSA User ID and Password. Be sure to include Southern Union’s school code, 001040, on your FAFSA submission. Students will be notified by school email of eligibility.
Federal Pell Grant
The Pell Grant is an entitlement program, which means all students who qualify will be awarded the grant. This grant is intended for “exceptionally needy” students, as defined by federal guidelines and determined by completing the FAFSA. Each student completing the FAFSA is assigned an “EFC” number, which indicates the student’s “expected family contribution.” This EFC number measures the student’s ability to pay for college. The neediest students are those who have a zero (0) EFC. Pell Grant award ranges are based on Congressional appropriations. Award amounts will also vary based on student enrollment status. Students are not required to be full-time, but the amount of the grant is prorated for less than full-time enrollment.
Each semester Southern Union sets priority deadlines to ensure processing is completed before classes begin. The deadlines are as follows:
Fall Semester: June 1st
Spring Semester: November 1st
Summer Semester: April 1st
Federal Supplemental Educational Opportunity Grant
The SEOG is a grant program for the neediest students (those who qualify for the Pell Grant). Funds are very limited, so those students who complete the FAFSA by April 1 will receive priority consideration. Awards are generally $1,000 per academic year. Must be enrolled in at least six credit hours and meet Standards of Academic Progress. Students will be notified by school email if determined eligible.
Alabama Student Assistance Program
The ASAP is a grant for exceptionally needy students (Pell Grant recipients) who are Alabama residents. Funds are very limited, so those students who complete the FAFSA by April 1 receive priority consideration. Awards are generally $300-$1,000 per academic year and dependent on funding from the state. Must be a resident of the State of Alabama, enrolled in at least six credit hours, and meet Standards of Academic Progress. Students will be notified by school email if determined eligible.
Loan Application Process
- Students will accept the offer on their MySUSCC student portal.
- Complete Entrance Counseling and sign a Master Promissory Note (MPN) at www.studentaid.gov.
- Balances due to the student will be disbursed by check. Students must keep address current with Admissions to avoid any delays in receiving your loan disbursement.
When all required information is received and processed, students will receive an award notification from the Financial Aid Office. Direct Student Loan awards are initially made with the assumption of full-time enrollment each term. Your cost of attendance will be adjusted prior to disbursement each term when you enroll less than full-time. This downward adjustment in cost may require that the aid previously awarded may need to be reduced to comply with federal regulations.
Students can access and monitor all of their federal loan information, as well as loan servicer contact information, by visiting the National Student Loan Data System (NSLDS) website at www.nslds.ed.gov.
Direct Student Loans
- Subsidized loans are awarded on the basis of financial need. Interest is deferred prior to repayment beginning and during authorized periods of deferment.
- Unsubsidized loans are not awarded on the basis of need. Interest is charged from the date the loan is disbursed until the loan is repaid.
First-time borrowers awarded the Direct subsidized loan on or after July 1, 2013 are subject to the 150% Direct Subsidized Loan Limit (SULA), which limits the amount of time a student is eligible to borrow subsidized loans to 150% of their published program length.
Direct PLUS Loans
PLUS loans enable parents with good credit histories to borrow funds for educational expenses for each dependent child. PLUS loan applications may be completed through www.studentaid.gov. PLUS borrowers must also complete the Credit Check and sign a Master Promissory Note (MPN) using your FSA User ID and password at www.studentaid.gov.
- Freshmen can receive up to $3500 in subsidized loans per academic year, or $1750 per semester.
- Sophomores can receive up to $4500 in subsidized loans per academic year, or $2250 per semester. (Students must have earned 32 hours to be considered a sophomore)
- Dependent students may qualify for an additional $2000 in unsubsidized loans per academic year, or $1000 per semester.
- Independent students may qualify for an additional $6000 in unsubsidized loans per academic year, or $3000 per semester.
**Loan amounts are subject to change based on SULA limits and Cost of Attendance**