Financial Aid – Frequently Asked Questions

 

What is the deadline to apply for financial aid?
To avoid delays in receiving your aid, the school must receive your FAFSA two months before the beginning of the semester for which you wish aid.

What are my chances of receiving financial aid?
The only way to determine financial aid is to submit a Free Application for Federal Student Aid (FAFSA).

Is there a maximum income level that will disqualify me from receiving financial aid?
Income is not taken into account when considering eligibility for unsubsidized funds.

In order to receive financial aid, do I have to apply every year?
Yes. In order to receive federal aid you must file a Free Application for Federal Student Aid (FAFSA) each year. File the FAFSA as close to January as possible.

What happens if I drop a class?
If you drop a class, you may be responsible for repayment of the difference between the amount of money you received and the amount specified for the new enrollment status. If you drop a class, you must make sure you remain in compliance with our Satisfactory Academic Progress (SAP) policy. See the Financial Aid Handbook.

What happens if I withdraw?
If you withdraw completely or drop below ½ time status, you may be responsible for repaying money received from financial aid. If you withdraw and receive F’s you may become ineligible for future aid according to the SAP policy. Once you drop below ½ time status your grace period begins to count down and if you fail to enroll within 6 months, the repayment of your student loans will begin.

What is verification? And why was I chosen?
You should save all records and all other materials used in completing the application because you may need them later to prove that the information you reported is correct. This process is called verification. Students are selected for verification randomly by the federal processor. The financial aid officer may also ask for verification of information at any time.

Why is the maximum amount of loan money limited?
Students applying for the William D. Ford Direct Loan Program are subject to annual and aggregate loan limits based on academic level. The William D. Ford Direct Loan Program presets the loan limits. The school’s Cost of Attendance determines how much a student may receive per semester.

What if my financial assistance is not available by the due date for my tuition?
If a student has completed all financial aid required documents, a balance will be held on account until the aid arrives.

Does HGST award scholarships?
HGST does award a limited amount of scholarship funds. Students may apply for those scholarships twice a year. For more information about HGST scholarships and other scholarship opportunities please refer to the scholarship page of this website.

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