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Office of Student Financial Assistance

 

FREQUENTLY ASKED QUESTIONS

How do I apply for financial aid at Texas A&M University-Corpus Christi?
What are the financial aid deadlines?
What if my FAFSA does not reflect my present situation?
My parents did not claim me on their tax returns this year. Can I file my FAFSA as an Independent student?
How do I apply for a scholarship?
My SAR indicates that I was selected for verification. What does this mean?
What other types of financial assistance are available?
How am I going to receive my student loan funds?
What if I have money left over after paying my tuition and fees?
What happens if I drop a class or withdraw from the University?
What does it mean to be placed on Financial Aid Suspension?
What happens if I miss an exit loan session?
How can I find out how much money I borrowed?
My parents are divorced (separated). Which parent should complete the FAFSA?
Is my guardian supposed to submit a FAFSA?
If I lived with a grandparent, should he or she submit a FAFSA for me?
Must my stepparent complete the FAFSA, even though he/she claims no financial responsibility for my education?

How do I apply for financial aid at Texas A&M University-Corpus Christi?
All it takes to apply for aid is the FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov.
Certain types of aid, usually loans, do require additional paperwork.

What are the financial aid deadlines?
Scholarship Deadline- February 1st
Fall/Spring Deadline - April 1st
Spring Only Deadline - November 1st
Summer Deadline - February 15th

Scholarship applications received after the deadline will not be considered. Financial aid applications received after the deadline dates will be awarded on a funds-available basis.

What if my FAFSA does not reflect my present situation?
There is a Special Circumstances Form that can be completed and submitted to the Office of Student Financial Assistance to update us on your current situation. This form can be used to reflect any changes in income that may occur from loss of a job, death of a spouse or parent, etc..

My parents did not claim me on their tax returns this year. Can I file my FAFSA as an Independent student?
To determine dependency status, first see if you meet any of the 6 automatic criteria on the FAFSA. If you do not meet any of those, but feel that you should be considered an independent student, you may submit a Petition for Independent Status form to the Office of Student Financial Assistance.

How do I apply for a scholarship?
To apply for a scholarship, students must complete our online University Scholarship Application by February 1st. Please keep in mind that in order to qualify for a university scholarship, you must be admitted to Texas A&M-Corpus Christi, and have all test scores, high school transcripts and/or previous college transcripts on file with the Office of Admissions and Records.

My SAR indicates that I was selected for verification. What does this mean?
This indicates that the Office of Student Financial Assistance must verify the information you provided on your FAFSA when you applied for financial aid. You will need to fill out a copy of the Institutional Verification Form and submit this form and signed copies of all tax returns to the Office of Student Financial Assistance.

What other types of financial assistance are available?
A student can receive short-term no-interest emergency loans or establish a payment plan through the Business Office. A student may also pursue the possibility of state exemptions or adjustments, also through our Business Office. For more information, please visit their web site, or contact their offices by phone at 361.825.2600.

How am I going to receive my student loan funds?
Funds from all Stafford and PLUS loans are sent to the University via Electronic Funds Transfer (EFT) and will be credited directly toward your tuition and fee account provided that 1) you have completed the required
loan counseling session, 2) you are enrolled in at least six (6) credit hours and 3) you meet all other eligibility requirements.

What if I have money left over after paying my tuition and fees?
In those cases where the amount of creditable aid exceeds costs, the student's registration receipt will reflect a balance due to the student. The Business Office will mail any remaining credit balance checks to the
billing address you have on file with the Office of Admissions and Records. You may also have you credit balance sent via Direct Deposit to your individual bank account. Please contact the Business Office by phone at 361.825.2600 for further details on how to set up Direct Deposit.

What happens if I drop a class or withdraw from the University?
A student who drops classes will have their financial aid award(s) adjusted accordingly. It is important to remember that dropping courses or withdrawing from the University during the school year may result in possible repayment of any financial aid received. It may also place you on financial assistance probation or on suspension status. Please be sure to check with the Office of Student Financial Assistance before you decide to withdraw or drop any classes.

Remember, if you have a Federal Stafford, Federal Unsubsidized Stafford, or Federal Perkins Loan, you will need to complete an exit counseling session if you are dropping to less than half-time status, withdrawing or graduating from the University.

What does it mean to be placed on financial aid suspension?
In order to remain eligible for financial assistance, you must maintain satisfactory academic progress toward your degree as defined by the Office of Student Financial Assistance. There are three components to academic
progress: grade point average, enrollment status requirements, and maximum time frame. Please refer to our Satisfactory Academic Progress Policy for complete details.

If a student fails to meet and maintain the requirements outlined in the Satisfactory Academic Progress Policy by the end of the summer session(s), they will be placed on progress suspension. The student will not be allowed to receive any additional financial aid until the progress suspension is cleared.

A suspension status can be removed by successfully completing the enrollment requirements and maintaining the minimum grade point average. You must notify the Office of Student Financial Assistance in writing to insure
removal of suspension status. Students who have extenuating circumstances beyond their control (serious illness, serious injury, death of an immediate family member, etc.) may appeal their status. A Satisfactory Academic Progress Waiver Request form and the appropriate supporting documentation must be completed and submitted to the Office of Student Financial Assistance for review.

What happens if I miss an exit loan session?
If you do not complete an exit loan session upon withdrawing or graduating from the University, a hold will be placed on your student record. You will not be able to get transcripts or register for classes. The hold will remain on your record until you complete an exit loan session.

If you are graduating, but plan to continue attending school for another degree or certification, you must still complete an exit loan session. If you are not graduating, it is your responsibility to notify your lender and the Financial Aid Office of your new anticipated graduation date.

If you are unable to attend a exit loan session on campus, you may complete an exit loan session online at www.mapping-your-future.org.

How can I find out how much money I borrowed?
You can find out information on your loans by visiting the Texas Guaranteed Student Loan Corporation website. Here you can find lots of useful information, including how much you have borrowed, what you can expect your monthly loan payment(s) to be, and what your repayment options are.

If you received a Perkins loan while attending Texas A&M-Corpus Christi, you can find information on your outstanding Perkins loan by visiting the AMS Servicing web site. You can also contact AMS Servicing by phone at 1.800.458.4492 or at P.O. Box 2902, Winston-Salem, NC 27102.

My parents are divorced (separated). Which parent should complete the FAFSA?
The parent who should complete the FAFSA is the one with whom you lived with the longest period of time during the last 12 months. If you did not live with either parent, or lived with each parent for an equal number of days, the FAFSA should be filled out by the parent who provided the most support for you during the last 12 months. In this instance, support is defined as money for such things as housing, food, clothing, transportation, medical care and school.

Is my guardian supposed to submit a FAFSA?
Yes, you are still considered a dependent student. Your guardian should complete the financial aid application if he or she has been legally appointed and directed by a court to support you with his or her own financial resources.

If I lived with a grandparent, should he or she submit a FAFSA for me?
Typically, grandparents do not need to submit a FAFSA, but it depends on the situation. If you are simply living apart from your parents, your parents should submit the application for you.

Must my stepparent complete the FAFSA, even though he/she claims no financial responsibility for my education?
Stepparent information must be included on your FAFSA if you lived in the stepparent's household for 6 weeks (a period of 42 days) or more during the previous or current year, or if your stepparent contributed more than $750 in "support" during the previous or current year. In this instance, support is defined as money for such things as housing, food, clothing, transportation, medical care and school.



 

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