Shortfall
Where do you send students to learn more about Private Student Loan Options?
Fast Choice
How are students notified about receiving their offer?
Their St. Kate's e-mail. They
If a student tells you they are using Military Benefits where do you send them, and at what stage?
Chanel at Adult Resource Center: cfaresource@stkate.edu, and the Pre-app stage ***Student can reach out before pre-app stage **
4-6 weeks
If a manager offers a student a Scholarship, when will it typically hit their account?
After the last day for any sort of refund (9/25 for this term)
What two items at minimum must be completed for students to receive their Financial Aid Offer?
FAFSA and St. Kate's Financial Aid Form
If a student already has a bachelor's degree, what type of federal funding will they NOT be eligible for?
Grants
What do you need to do when a student tells you they have completed their St. Kate's FA form?
What stage of the student lifecycle do you need to begin to dig into shortfall?
Pre-App Stage
If a student has poor credit, what will they usually need if they are seeking a private student loan?
A co-signer
How many credits at minimum do students need to be enrolled for in order to be eligible for Financial Aid?
If a student is having trouble finding old tax records, what tool can they use?
IRS Data Retrieval Tool
Where can students go to see what materials are missing (Hint: other than student email)
They can check their Financial Aid Tab at:https://www.stkate.edu/students and click on 'My Financial Aid'
When should students complete their St. Kate's Financial Aid Form?
As soon as they are admitted they should complete it.
Based on previous starts, when is payment plan information typically released? (Hint: Weeks)
1-2 weeks prior to classes starting
True or False: All student will see a list of 'Non-Billable Items' on their offer?
True, we are required to list these to provide students estimates of various out of pocket expense
At what age does the student stop being a 'dependent'?
Over the age of 24. However, you should always direct the student to the FAFSA webpage for this information.
What does: Received- Pending Review mean on their MyFinancialAid tab?
The document has been received and is pending review by a financial aid administrator. No further action is needed from the student at this time.
True or False: Students will be dropped for non-payment if they do not pay their bill by day 10?
False: Students can start the semester without financial aid in place, but they are responsible for their full bill and any finance fees they accrue while waiting to pay, regardless of financial aid status. Students who depend on financial aid and will start without knowing their aid status must understand we cannot guarantee aid prior to them receiving their aid package, and they are responsible for their charges if they do not end up receiving aid.
True or False: There is an option for students to use Employer Tuition Reimbursement
TRUE: https://www.stkate.edu/academics/student-accounts
Students must fill out under "Forms" --> Employer Tuition Reimbursement the form PRIOR TO THE FIRST DAY OF THE SEMESTER.
2 (Winter 2024 and Summer 2024)
What does a $20,500 estimate mean?
That your student completed a 'Graduate' level FAFSA. They will need to fix it immediately to be a "5th year undergrad"
What 'start term' is the 2023-2024 FAFSA good through?
What is a Direct PLUS loan and is it available to all students?
A Direct PLUS Loan is available to eligible parents of dependent undergraduate students. The borrowing parent must have a good credit history and apply for the loan every year. No, not all students are eligible.