A Financial Aid Award Package that lists the amount of aid you are eligible to receive will be mailed to you. Your award may be a combination of scholarships, grants, and loans.
Your Award Package is based on your FAFSA results and on the assumption that you will register full-time. The aid awarded is divided equally between the fall and spring terms. If your enrollment is less than full time, your award is adjusted based on your enrollment status for each term.
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Reconsider "Small" Scholarships
When you look at the thousands of dollars you will probably spend on your education, a “small” scholarship, such as one worth $200, may not seem worth the effort. Yet, if you take the time to fill out the application, and use two hours to complete an essay, then get the scholarship, you have just earned $100 an hour!
Completing the Financial Aid Award Package
Review your award package for accuracy. Make sure your name, address and student ID number are correct. If you are aware of additional aid you will receive, please list that amount and the source in the space provided and mail a copy back to the Office of Financial Aid. If you have no changes or corrections, we will assume you are accepting the funds awarded and you do not have to return a copy. If you do not plan to attend Xavier University please notify us immediately.
You can accept aid from one source and not another. Please consider your needs when you accept or decline your awards for the entire year. The loan amount(s) offered in your award package is your maximum annual loan eligibility. You may accept the full amount, reduce the amount, or decline the offer. To reduce the loan amount, cross out the amount listed and write the amount you would like to receive. Loans are disbursed in two equal disbursements, one half of the total amount each term if there is no change in your enrollment status.
Award Package Checklist
- Read the entire Financial Aid Award Package carefully.
- If desired, reduce the amount of any loan award by crossing out the total offer and writing in a lesser amount.
- Report all aid that you receive from other sources that are not listed in the Award Package.
- Return the signed Award Package to the Office of Financial Aid immediately, if changes were made.
- Keep a copy for your records.
Report All Scholarships
If you are a Financial Aid recipient, you must report to the Office of Financial Aid all scholarship awards that you receive. If you receive a
scholarship notice after you have received your award package, add the additional funding in the space provided on the notice, sign and return the notice to the Office of Financial Aid immediately. Please advise any organization that offers you a grant or scholarship to:
- Make checks payable to Xavier University.
- Include your name, social security number and your Xavier University identification number.
- Send the check to the Office of Student Financial Services.
If you receive a check that is payable to you and Xavier University, be sure to endorse the check before submitting it to the Office of Student Financial Services.
Revised Awards
The Office of Financial Aid anticipates that your award will remain as listed in the original award package. However, your aid is estimated in the Award Package. If your circumstances change, your aid amount may be revised. If you (and your family) have special circumstances, such as a significant decrease of income, or unusual nonreimbursed medical expenses, you may have them considered in determining your eligibility for financial aid. Contact the Office of Financial Aid for further information about the special circumstances appeal process. If your financial aid is revised, you may receive a new award package. Your financial aid may be revised if you:
- Attend less than full time
- Do not attend the University for fall and spring terms consecutively
- Receive scholarships, grants, waivers, tuition remission, stipends, fellowships or assistance from other outside sources not listed in your award package
- Receive funds for which you are not eligible
- Document expenses that were not reported on the FAFSA, such as childcare or disability related costs
- Fail to sign your promissory note within five days of receipt
- Are granted a revision to your award package due to special circumstances by the Office of Financial Aid.
Timely Tips
- Apply early for Financial Aid. 2008 priority deadlines are: February 15th for new students and March 15th for continuing students.
- Avoid delays; be sure to complete all questions on the FAFSA.
- If possible, use actual figures from completed tax returns (yours or your parent's) when completing the FAFSA.
- Do not leave blank spaces on the FAFSA, use zeros when appropriate.
- Use the correct Federal School Code to release your FAFSA information to Xavier University. Federal Code: 002032
- Sign and date the FAFSA. If you provided parental information on the FAFSA, one parent must sign. Use a pen with black ink or a #2 pencil.
- Keep a copy for your file.
- Notify the University immediately of any change in your name or address.
- Send all requested documents.
