2022-2023 Undergraduate Catalog

Page 25

FINANCIAL AID

2022-2023

OFFICE OF FINANCIAL AID Keely Haynes, Director Christopher Newport Hall 107 (757) 594-7170 finaid@cnu.edu

Christopher Newport University offers financial assistance to qualified students to help pay for all or part of their college expenses. The University participates in a variety of federal, state and university programs, most of which are administered through the Office of Financial Aid. Types of available aid include scholarships, grants, loans, and student employment. Although most forms of financial aid are based on financial need, some use criteria other than financial need for eligibility. All students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) annually, as soon as possible on or after October 1 for the following academic year. The University offers financial aid packages each year to qualified applicants who have been admitted to the University as degree-seeking students. Some financial aid programs are available to Virginia residents only, while others are made without regard to state residency. Most financial aid programs are based on established financial need and/or scholastic achievement. Financial need is defined as the difference between the Cost of Attendance at Christopher Newport University and the Expected Family Contribution (EFC), which is determined by the Free Application for Federal Student Aid (FAFSA). To be eligible for most financial aid programs at Christopher Newport University, a student must be: • Enrolled as a degree-seeking student • In good academic standing • Maintaining full-time enrollment • Making satisfactory academic progress • A U.S. citizen, permanent resident, or eligible noncitizen Financial aid is packaged for one academic year at a time but, upon reapplication and continued eligibility, may be renewed for succeeding years. The priority filing deadline for applying for all financial aid administered by Christopher Newport University is March 1 for the following academic year. Students may apply for the Pell Grant and Direct Student Loan programs on a rolling basis. Prospective students must be admitted to the University before receiving a financial aid package. For returning students who submit applications by the priority filing date financial aid offers are normally made beginning in March. The Office of Financial Aid notifies all students of their financial aid status via email. Students are instructed to log in to their electronic aid package via CNU Live, acknowledge the terms and conditions of their package and accept or decline federal student loan offers. 24

Application Requirements To be considered for financial aid, applicants must: 1.

Be enrolled or accepted for enrollment at the University as a degree-seeking student.

2.

File a Free Application for Federal Student Aid (FAFSA) with the U.S. Department of Education each year, the results of which should be received by the University’s Office of Financial Aid by March 1. Christopher Newport University’s federal code for the FAFSA is 003706. To meet this deadline, students should complete the FAFSA online at fafsa.gov on or as soon after October 1 as possible. Applications will be accepted beyond the March 1 deadline; however, funding may be limited.

3.

The Office of Financial Aid recommends that the completed FAFSA be submitted by December 15, which should allow for early packaging and consideration for all available need-based aid.

AVAILABLE STATE AND FEDERAL PROGRAMS Federal Programs Federal Pell Grant Federal Supplemental Education Opportunity Grant (SEOG) Federal Iraq and Afghanistan Service Grant Federal Work-Study (student employment program) Federal Direct Student Loans Federal Direct Parent PLUS Loan State Programs Two-Year College Transfer Grant Program Virginia Guaranteed Assistance Program (VGAP) Virginia Commonwealth Award Virginia Military Survivors and Dependent Education Program (VMSDEP), formerly Virginia War Orphans Education Program Virginia Line of Duty Survivor Education Benefits Grants are considered gift aid and do not require repayment. Loan programs must be repaid, though the terms of repayment may vary according to type and lender of the loan. The Federal Work Study program requires students to earn the award by working in an assigned position.

FEDERAL AND STATE GRANTS

For specific information concerning application and eligibility requirements for federal and state programs, please visit our financial aid website at financialaid.cnu.edu. General descriptions are provided below:


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