Adult Undergraduate & Graduate Students
Next Steps and Additional Resources
2018-2019 Financial Aid
All students must complete a Free Application for Federal Student Aid (FAFSA) to be considered for federal, state and institutional aid. Completion of the FAFSA determines a family’s Expected Family Contribution (EFC)* and, in turn, a student’s eligibility for need-based aid. There are several steps required to complete an application for financial aid.
* The EFC is not the amount of money a student’s family will have to pay for college nor is it the amount of federal student aid a student will receive. It is a number used by the school to calculate the amount of federal student aid a student is eligible to receive.
Adult Undergraduate Pennsylvania resident students may be eligible for the Pennsylvania State Grant (PHEAA) and must complete the FAFSA prior to May 1, for the next academic year. The student must visit http://www.pheaa.org/ to ensure all requirements are met.
HOW DO I PAY FOR MY BALANCE?
Entrance Counseling – an online interactive quiz that must be completed in order for funds to disburse to the institution. This counseling provides useful information, tips and tools to help students understand their loan rights and repayment responsibilities. This process only needs to be completed once by the student for each school they attend. Receipt of completion is sent to the school electronically.
Subsidized/ Unsubsidized Master Promissory Note (MPN) – the legally
binding agreement / promise to repay the loan(s) to the Department of Education. In some cases, the MPN is effective for a term of ten years. Receipt of completion is sent to the school electronically.
Completes the Grad PLUS application (must be completed yearly)
Signs the PLUS Master Promissory Note (MPN) with their FSA ID. (New PLUS borrowers/Endorsed applicants only – not necessary for returning students with previously approved PLUS loan)
*If the Grad PLUS Loan is denied, the student may contact Federal Student Aid at 1-800-557-7394 to appeal or obtain information about applying with an endorser.
* Federal/state award Amounts, federal loan interest rates and origination fees are set at the discretion of the corresponding government department.
* * Interest rates are subject to change at the discretion of the lender.
Endowed/Restricted Scholarships Offered by Neumann University - The application period is from mid-March through April 30th. Only students that submit an on-line application will be considered as potential recipients.
Please contact the Office of Financial Assistance with any questions by email at email@example.com, by phone 610-558-5521 or in person by visiting Room 151 in the Bachmann Main Building (BMB). Any correspondence can be faxed to 610-558-5652 or sent via email to the address above.