How do I apply for Financial Aid? What are my next steps?

Apply for aid

To apply for Financial Aid you must complete the Free Application for Federal Student Aid available at https://fafsa.gov.

Saint Joseph's University's school code is 003367.

  • When filling out the FAFSA, you will be prompted to link to the IRS website, which will display your tax information and give you the option of transferring the data to your FAFSA. We recommend taking advantage of the IRS Data Retrieval option if you and/or your parents have filed your 2018 federal taxes prior to completing the 2020-21 FAFSA. The 2021-2022 FAFSA (for fall 2021/spring 2022/summer 2022) became available October 1, 2020 and you must have filed your 2019 taxes prior to completing this form.  If you are selected for verification and opted out of the IRS Data Retrieval process, you will have to submit an IRS tax transcript directly from the IRS to complete the federal verification process. Click here to determine if you are eligilbe to use the Data Retrieval tool.

An email notification will be sent to your SJU email account when packages are available to view and accept. If you have any questions please contact the Financial Aid Office.

To  accept your aid online via The Nest:

  • Log into The Nest
  • Select the Tuition & Aid Page
  • Choose Accept/Decline Financial Aid Award
  • Select the 2020-2021 Aid Year, if this is the first time you are logging into the 2020-2021 aid year, you are required to answer the Cash Management Statement
  • Once you answer and submit, the Award Offer tab will be available
  • Select the Accept Award Offer tab
  • From here, please accept the desired aid and submit

If you have questions please contact the Financial Aid Office via a Service Request or by phone at 610-660-2500.

To view required documents for Federal Verification:

  • Log into The Nest.
  • Select the Tuition & Aid Page.
  • Under Financial Aid Requirements, your documents will be listed.
  • Once the required documents are satisfied, there will be a green check.
  • Please submit signed documents within 45 business days by mail or fax  at 610-660-1019.

For new student borrowers who are accepting Federal Direct Subsidized/Unsubsidized Loans:

  • Go to studentaid.gov and log into Manage My Direct Loan.
  • The FSA ID is used to electronically sign your FAFSA and can be used to retrieve your completed FAFSA and make corrections in the future.
  • Complete Federal Direct Loan Entrance Loan Counseling at studentaid.gov
  • Sign a Master Promissory Note for Direct Subsidized/Unsubsidized loans at studentaid.gov
  • These online forms MUST be completed by first-time Federal Direct Loan borrowers at St.  Joseph's University.  Each is good for ten years.  

To calculate the amount needed for a Parent PLUS loan or alternative loan:

  • Take the Cost of Attendance (COA) figure listed in your Financial Aid Award package  in The Nest under the Award Overview tab.
  • Subtract total accepted grants, scholarships and federal student loans.
  • Do not include work study funds in this calculation. Funds are paid directly to students for any hours worked, on a bi-weekly basis.
  • This figure is your "out of pocket" expenses that you may choose to finance.
  • Options for covering any out-of-pocket expense could include applying for either the Federal Direct Parent PLUS Loan or a private, alternative education loan. 
  • A parent of a dependent student can apply for the Federal Direct Parent PLUS loan at studentaid.gov and log into Manage My Direct Loan.
  • If applying for the Federal Direct Parent PLUS Loan, please remember that the parent must log in with the parent's name using the parent's FSA ID.
  • To explore private, alternative education loans where the student is the borrower but a credit-worthy co-signer is required, check out elmselect.com.  (choose St. Joseph's University from the drop-down list).  Once you apply for the loan you select through the lender's website and receive approval, the Financial Aid Office will receive notification electronically and will "certify" the loan so that loan funds can be disbursed to your student account, directly to the University.  

Details

Article ID: 52700
Created
Wed 4/25/18 5:42 PM
Modified
Mon 10/5/20 2:24 PM