Financial aid packaging philosophy

FINANCIAL AID

PACKAGING PHILOSOPHY 2019/20 Award Year

Cheryl L. Bullinger, System Director for Financial Aid

1 1920 Packaging Philosophy

Table of Contents Cost of Attendance ....................................................................................................................................... 2

Modules .................................................................................................................................................... 2

Awarding Calculations................................................................................................................................... 5

Remedial Courses & Retakes .................................................................................................................... 6

Awarding Loan Funds ................................................................................................................................ 7

Crossover Loan Periods ......................................................................................................................... 8

Summer Quarter Awarding ....................................................................................................................... 9

Pell & SEOG Example ............................................................................................................................ 9

Loan Examples ...................................................................................................................................... 9

Disbursement of Funds ........................................................................................................................... 10

Campus-Based Aid Spreadsheets ................................................................................................................ 10

Financial Aid Fund Sources ......................................................................................................................... 11

Federal Pell Grant ................................................................................................................................... 11

Federal Iraq/Afghanistan Service Grant.................................................................................................. 14

Children of Fallen Heroes Scholarship Act .............................................................................................. 15

Outside Aid (through NAU) ..................................................................................................................... 17

NAU Foundation – Academic Excellence Award ............................................................................... 17

NAU Foundation – Various ................................................................................................................. 18

South Dakota Education Access Foundation (SDEAF) ....................................................................... 19

Federal Supplemental Educational Opportunity Grant (SEOG) .............................................................. 20

State Grants ............................................................................................................................................ 21

Indiana ................................................................................................................................................ 21

NAU Scholarships/Awards ..................................................................................................................... 28

All Campuses ....................................................................................................................................... 28

Undergraduate Scholarships ............................................................................................................... 29

Master’s Scholarships ......................................................................................................................... 31

Doctoral Scholarships.......................................................................................................................... 36

Federal Direct Stafford Loan Programs ................................................................................................... 40

Federal Direct Subsidized Stafford Loan (Sub) .................................................................................... 43

Federal Direct Unsubsidized Stafford Loan (Unsub) ........................................................................... 48

Federal Direct Parent Loan for Undergraduate Students (PLUS) ....................................................... 48


The following Packaging Philosophy for award year 2019/20 has been approved. The University's final

Campus Based Aid funding levels for 2019/20 have been received.

Cost of Attendance National American University will utilize three variations of student budgets for 2019/20:

off campus

off campus, living with parents

military receiving BAH

All budgets are calculated using an average of the Cost of Living from all campus locations, based on the

length of the student’s classes.

Regardless of the length of the student’s classes, the loan period used within the Academic Year (Borrower

Based Academic Year, BBAY) is the length of the regular term.

Students are generally awarded on a full BBAY basis, unless a shorter length is required due to a student

graduating within the BBAY or having transferred to NAU during a BBAY established at their previous

institution.

Regular Undergraduate or Master’s quarter = 11 weeks in length o Undergraduate Module (shorter length classes within the regular term) are generally 8 or

5.5 weeks in length o Undergraduate or Master’s BBAY = 3 regular terms

Regular Doctoral Trimester = 16 weeks in length o Doctoral Module (shorter length classes within the regular term are 8 weeks in length) o Doctoral BBAY = 2 Trimesters

Modules The Cost of Attendance (budget) will be prorated for a student taking Module classes only that do not span

the entire length of the regular term. If a student is in a combination of regular term classes and module

classes, so that the classes span the entire length of the regular term, the budget is not prorated.

NAU has the possibility of offering module classes for all terms in one of these formats: 8-week module, 5 ½-week module, 3-week module.

Doctoral campus has the possibility of offering module classes for all terms in an 8-week module format.

Examples:

Undergraduate student taking two regular term (11 week) classes o Budget is based on full 11 weeks

Undergraduate student taking one regular term (11 week) class and one module (8 week class) o Budget is based on full 11 weeks

Undergraduate student taking two 5 ½-week modules. The first module begins on the start day of the term and ends 5 ½ weeks into the term. The 2nd module begins at the 5 ½ week point of the term and ends on the last day of the term

o Budget is based on 11 weeks as the student will attend the full term


Undergraduate student taking two 5 ½-week modules. Both modules begin on the start day of the term and ends 5 ½ weeks into the term.

o Budget is based on 5 1/2 weeks as the student will not attend the full term

Undergraduate student taking two module (8 week) classes that do not start until the 3rd week of the regular term

o Budget is based on 8 weeks

Doctoral student taking two module (8 week) classes, one starts at the beginning of the term and one starts half-way through the term (both classes together span the entire term)

o Budget is based on full 16 weeks

Doctoral student taking two module classes, both module classes are only at the beginning of the term or the end of the term (they do not span the entire term)

o Budget is based on 8 weeks

Sample nine-month regular quarter budgets are provided below and represent the Rapid City Campus

Undergraduate programs at 13.5 credit hours (Full-time) per quarter. See all campus location budgets in

the 2019/20 Packaging Philosophy.

Off Campus

Off Campus w/Parents or

w/BAH

Tuition $15,000 Tuition $15,000

Books $1,350 Books $1,350

Tech. Fee $0 Tech. Fee $0

SLA $7209 SLA $1539

Travel $162 Travel $162

Loan Fees ? Loan Fees ?

Total $23,721 Total $18,051

National American University reserves the right to adjust these budgets:

For different Billing Methods (see chart posted on MyNAU>1920 Processes & Procedures>1920 FA-Packaging Philosophy Tuition, Fees, Refund)

To accommodate fees and/or special equipment needed for particular programs.

Specific programs will include an average amount for Professional Liability Fees and Specialty Course Fees according to the published average or block schedule whichever is appropriate.

Loan fees are origination fees on a per loan basis.

A one-time $75.00 matriculation fee may be charged to students registering at National American University for the first time in a program of study depending on tuition pricing structure.

For special circumstances/professional judgment, such as medical, travel, additional books, etc.

Per Federal Regulations, active duty military, military spouses and/or military dependents who live in

housing located on a military base/post or for which a military housing allowance (BAH) is provided to them


or their family, cannot have a Housing Allowance included in their Student Living Allowance (SLA).

Therefore, the Student Living Allowance for the above affected students is $513 per quarter for all

undergraduate students.

2018/19 FSA Handbook Volume 3-33

Note: Volume 3 of the 2019/20 FSA Handbook has not been published to date

Please watch for these situations:

Students will be asked on the 2019/20 Supplemental Financial Information form to report if they are currently receiving BAH for the 2019/20 Federal Award Year.

o If the student reports that they are a recipient of BAH for the 2019/20 Federal Award Year, the student’s SLA will be reduced to $513 per quarter.

o If the student reports that they are not a recipient of BAH for the 2019/20 Federal Award Year, the student’s SLA will be normal $2403 per quarter.

Exception:

Dependent student whose parent receives BAH or lives on base/post, but the student lives off-campus not with their parent.

o These students will continue to receive the normal SLA of $2,403 per quarter.

Students are awarded aid to assist with their funding needs, as determined through individual need analysis

calculations and as funding, is available through individual program limitations. Federal Need is determined

as follows: Budget, minus expected family contribution and other outside resources to include, but not

limited to: BIA, State Vocational Rehabilitation, Company Tuition Assistance, Military Tuition Assistance, etc.


All financial aid funds are awarded in the following order:

1. Federal Pell Grant 2. Federal Iraq/Afghanistan Service Grant 3. Children of Fallen Heroes Scholarship Act 4. Outside Aid 5. Federal Supplemental Educational Opportunity Grant (FSEOG) 6. State Grants 7. National American University Scholarships/Awards 8. Federal Direct Stafford Loan (SUB) 9. Federal Direct Unsubsidized Stafford Loan (UNSUB) 10. Federal Direct Parent Loan for Undergraduate Students (PLUS)

This awarding order encourages the use of grant aid first and supplemented with self-help aid in the form of

work and loan programs. This philosophy should reduce loan burden and possible default of federal

student loans.

In addition, National American University has developed a loan counseling philosophy that should help to

reduce student loan burden and the loan default rate. National American University's goal is to counsel

students to borrow for direct costs only.

At the time the Finance Counselor (FC) meets with each applicant, a determination will be made of direct

costs associated with attending National American University. (Note: Direct costs only include tuition

based on the number of credits the student anticipates attending, associated fees and allowances, and

books.)

When counseling the student on their loans, consider all sources available to assist in covering any

additional need. Do not forget investments, savings, work earnings, etc. A part-time job may be the answer

rather than additional loan burden. Help the student to determine the best course of action.

Financial Aid Administrators may exercise professional judgment when denying the certification of a loan

application or certifying a loan for an amount less than the amount the student requests on a case-by-case

basis. Document professional judgment action in the student's file and explain, in writing, to the student.

Loans will be certified to reflect the agreed upon student need.

Awarding Calculations Verification (initial selection and possible additional selection), Professional Judgment/Special

Circumstances, C-Codes and conflicting information must all be completed or resolved prior to awarding the

student Federal Financial Aid.

Students who completed their initial Verification selection group within the deadline and who are subsequently selected for the additional (V5) verification group must complete their additional (V5) verification selection. Students who do not complete the additional selection are liable for all 2019/20 Federal Financial Aid received, as they did not complete their additional (V5) verification selection group.


Remedial Courses & Retakes You may count toward enrollment status and award Title IV funds to a student who is repeating, for the first

time only (i.e., one repetition per class), a previously passed course, including when the student is retaking a

passed class due to failing other associated coursework.

A student is allowed to retake (one time only per previously passed course), any previously passed course.

For this purpose, passed means any grade higher than an “F,” regardless of any school or program policy

requiring a higher qualitative grade or measure to have been considered to have passed the course. This

retaken class may be counted toward a student’s enrollment status and the student may be awarded Title

IV aid for the enrollment status based on inclusion of the class.

A student may be repeatedly paid for repeatedly failing/withdrawing the same course (normal SAP policy

still applies to such cases). If a student withdraws before completing the course that they are being paid

Title IV funds for retaking, then that is not counted as their one allowed retake for that course. However, if a

student passed a class once and then is repaid for retaking it and fails the second time, that failure counts as

their paid retake and the student may not be paid for retaking the class a third time.

If a student who received an incomplete in a course in the prior term is completing the coursework in the

subsequent term to erase the incomplete in the prior term, the student is not considered to be enrolled in

the course for the subsequent term. Therefore, the hours in the course do not count toward the student’s

enrollment status for the subsequent term, and the student may not receive federal funds for completing

the course. However, if a student who received an incomplete in a course in the prior term is retaking the

entire course for credit in the subsequent term, the hours in the course count toward the student’s

enrollment status, and the student may receive FSA funds for retaking the course.

Students are not eligible for Federal Financial Aid, NOG, SDEAF, SD Opportunity Grant, OK Promise, nor

Indiana State Grants, for the following situations and these classes cannot be included when calculating the

student’s enrollment status for loan deferment purposes or the Student Status Confirmation Report (SSCR).

Remedial courses for which there will be no credits attempted.

A course, which does not apply to the student’s current active degree either as a required or as an elective course.

The second or higher repeat of a course for which a student has a passing grade (D or better, P, S) and the passing grade was received for a class Summer 2011 term or beyond.

o Regardless of the major or emphasis core requirements for the program to graduate. o Regardless of the grade received for the first repeat of the course.

Students may be limited on the number of attempts to complete a course based on NAU policy.

Example 1: Student completed MT2050 in Summer 2016 and received a D grade. She attempted to retake

the course in Winter 2016/17 but withdrew before the 60% point of the term, thus received a W grade.

Financial aid paid for the 1st repeat of the course. Because she withdrew during the 1st repeat of a passing

grade this repeat does not count; she can attempt the course again and receive financial aid. In Spring B

2019, she repeated the course and received a D grade. Her program requires that the course be passed

with a C grade or better, so she enrolled for the Summer B 2019 term for a 3rd repeat. She cannot receive

financial aid to pay for this repeat as she received aid in Spring B 2019, which resulted in a passing grade.

MT 2050 Grade Result Eligible for FA?


Summer 16 D Passing Grade Yes

Winter 16/17 W Not Passing Yes

Spring 19 B D 1st Repeat Yes

Summer 19 B Enrolled 2nd Repeat No

Example 2 – First attempt at ME1050 was not successful during Fall 16. She then attempted the course

again in Spring 17 and withdrew during the term. She did not receive a passing grade Fall 16 and she

withdrew during Spring 17 – both terms she was eligible to receive financial aid. Attempt #3, in Fall A 17,

she did complete the course and received a D grade. This attempt counts as her first passing grade and was

eligible for financial aid. In Winter A 17/18, she decides that she would like to improve her D and attempts

the course again. She is eligible for financial aid as this would be the first repeat after a passing grade.

However, she withdrew during the term and received a W grade. Since she withdrew, this attempts no

longer counts as her first repeat after a passing grade and was still eligible to receive financial aid.

Determined to be successful, she attempts the course again in Spring A 18 term. She can receive financial

aid to fund this term, as this attempt is now her first repeat after a passing grade. She did not improve her

grade and again received a D grade. Earning the D grade is a passing grade by the Dept. of Education and

therefore, this attempt is the completed repeat after a passing grade. She wants to try one more time to

improve the grade and enrolls in Fall A 18 term. She is not eligible for financial aid for this attempt because

Spring A 18 term was the repeat after a passing grade.

ME1050 Grade Result Eligible for FA?

Fall 16 F Not Passing Yes

Sp17 W Not Passing Yes

Fall 17 A D Passing Grade Yes

Winter 17/18 A W Not Passing Yes

Sp18 A D 1st Repeat Yes

Fall 18 A Enrolled 2nd Repeat No

Awarding Loan Funds Aid will be awarded using a Borrower Based Academic Year (BBAY) awarding philosophy, which may include

loan periods that crossover from one award year to the next. A BBAY consists of 3 quarters

(Undergraduate, HPM and HPD) or 2 trimesters (Doctoral), starting with a term in which the student is

eligible for and receives a Federal Direct Stafford Loan.

Loan periods will always be for the entire Borrower Based Academic Year except in the following

circumstances:

The loan is for an increase in grade level, which happened after the start of the BBAY.

The loan is for less than a full BBAY due to graduation before the end of the BBAY.

The loan is a continuation of an Academic Year (BBAY) started at a previous school (transfer student)

The student withdrew or dropped to less than half-time status during the BBAY and must be re-awarded for the remainder of the BBAY.

Once the loan has been certified, the Expected Family Contribution (EFC) and Cost of Attendance (COA)

for the loan will not change, with the following exceptions:


If a valid subsequent ISIR is received and the EFC has changed

If the student is selected for verification after the loan has been certified and the EFC changes

Central Financial Aid receives a request to repackage the student due to enrollment changes such as a change in program or a change in credit hours.

Crossover Loan Periods Pell Grant and any other continuing aid is estimated for future quarters in which a 2020/21 ISIR has not yet

been received from the student, based on the current year’s EFC (2019/20).

Once the future quarter’s ISIR has been received, Pell Grant is revised based on the actual 2020/21 EFC.

This may necessitate the revision of the Award/Loan Worksheet and possible refund or adjustment of future loan disbursements depending on the Federal Need.

The EFC used for the budget calculation is not revised, as it is the EFC from the first award year for crossover loan periods.

If the future quarters have a valid ISIR EFC, an estimate of future quarter Pell Grant is not necessary, as the

actual Pell Grant would be awarded.

EFC and COA for the entire BBAY (Stafford, PLUS, Alternative Loans) are determined by the award year

used for the first term of the BBAY. The EFC is the appropriate month EFC for the entire length of the

loan period. The COA is created using these guidelines:

The tuition and fees are determined for the individual quarter, as published at that time.

The books, SLA and Travel amounts are determined by the award year of the first quarter of the BBAY.

If the tuition, fees, enrollment status and estimated aid have changed after the loans were awarded but before the loans were certified, these amounts must be updated to be current at the time of certification.

If a student drops to less than half-time or withdraws all future disbursements are cancelled o If the student returns during the same BBAY but the loan period will now start with any

summer term The award year and the loan origination ID will be for the next award year The EFC and COA will be from the next award year

Once the loan has been certified the EFC and COA for the loan will not change, with the following exceptions:

o If a valid subsequent ISIR is received and the EFC has changed o If the student is selected for verification after the loan has been certified and the EFC

changes o Central Financial Aid receives a request to repackage the student due to enrollment

changes

All Financial Aid received for the BBAY (regardless of the award year) is used in determining the Federal Need, even if the aid is awarded after the loan has been certified

o In this case, loan eligibility in regards to Federal Need would be re-evaluated

The minimum loan amount is as follows:


$200 Combined Subsidized and Unsubsidized loan or

$200 Subsidized loan if not simultaneously certified with an Unsubsidized Loan or

$200 Unsubsidized loan if not simultaneously certified with a Subsidized Loan or

$200 Parent Loan for Undergraduate Students

If the direct cost loan is within $200 for the annual loan limit or prorated amount, the full annual loan limit or prorated amount will be awarded (unless limited by Federal Need). *When calculating eligibility for an initial or subsequent loan, if the loan will be less than the above stated

minimums, no loan will be awarded-EXCEPT in the case where there is less than $200 to the Maximum

Aggregate amount. Then the loan(s) would be awarded for the remaining Maximum Aggregate amount.

All students whose loan period is one quarter only, must receive Stafford Subsidized and Unsubsidized and

PLUS loans in 2 disbursements. One disbursement at the regular date or 30-day delay date (whichever is

applicable) and the 2nd disbursement is at or past the ½ way point of the term.

Summer Quarter Awarding National American University students are, in general, non-traditional and many students attend all four

quarters of the year. Summer quarter is a regular quarter in terms of awarding aid.

The Federal Award Year is from July 1 – June 30, therefore; the Undergraduate Summer A quarter and

Doctoral Summer trimester are considered cross-over terms as they start before July 1st and continue

beyond July 1st. The Undergraduate Summers B & C, and Master’s Summer quarter start after July 1st,

and are not considered a crossover term.

As summer quarter is a regular quarter for NAU students, the Summer quarter is normally awarded at

the same time as the other quarters, and the student is notified of their awards through the normal

award letter process.

Since a calendar year consists of four quarters with Summer as a header for NAU, NAU will not award 5

quarters of Pell Grant or 2 Summers (Header and Trailer) out of the same Federal Award Year.

Summer 2019 is a Header (or the first quarter) of the 2019/20 Federal Award Year for the Federal Pell

Grant and Federal Supplemental Educational Opportunity Grant.

Pell & SEOG Example (at 3/4 time enrollment status)

New start W19/20 (19/20) Sp19 (19/20) Su19 (20/21) F19 (20/21)

Pell-EFC 0 $1549 $1549 $? $?

SEOG $ 750 $ 750 $? $?

The student has remaining Pell eligibility for the 2019/20 year but because Summer20 is a

Header for the 2020/21 award year, Pell eligibility will be determined from the 2019/20 ISIR.

Loan Examples BBAY 1= W/Sp/Su : Loan period = W18/19–Su19


New start W18/19 Sp19 Su19

Pell-EFC 0 $1524 (18/19) $1524 (18/19) $1549 (19/20)

SEOG $750 (18/19) $750 (18/19) $750 (19/20)

Sub Loan $1167 (18/19) $1167 (18/19) $1166 (18/19)

Unsub Loan $2000 (18/19) $2000 (18/19) $2000 (18/19)

Starts in 18/19, use Books, SLA and travel from the 18/19 award year

Tuition by individual quarter tuition effective date

Once 19/20 ISIR has been received, the Su 19 Pell and SEOG from 19/20 will need to be added/corrected on the Award Worksheet for the loan calculations

BBAY 2= F/W/Sp: Loan period = F19-Sp20

F19 W19/20 Sp20

Pell-EFC 0 $1549 (19/20) $1548 (19/20) $1549 (19/20)

SEOG $ 750 (19/20) $ 750 (19/20) $ 750 (19/20)

Sub Loan $1167 (19/20) $1167 (19/20) $1166 (19/20)

Unsub Loan $2000 (19/20) $2000 (19/20) $2000 (19/20)



BBAY 3= Su/F/W: Loan period = Su20–W20/21

Su20 F20 W22/21

Pell-EFC 0 $1549 (20/21) $1549 (20/21) $1548 (20/21)

SEOG $ 750 (20/21) $ 750 (20/21) $ 750 (20/21)

Sub Loan $1167 (20/21) $1167 (20/21) $1166 (20/21)

Unsub Loan $2000 (20/21) $2000 (20/21) $2000 (20/21)



Disbursement of Funds Awards are disbursed to the student’s school account to pay for tuition, fees, books and any other charges,

according to the published disbursement schedule or as soon thereafter as possible if the student is

awarded after the start of the term. If there is credit balance, the credit balance is sent to the student via

their BankMobile Vibe account unless the student has individually requested funds through paper check.

Campus-Based Aid Spreadsheets Applies to SEOG funds

NAU participates in several programs in which a limited allocation of funds is made available to NAU

students. In an effort to award these funds fairly and efficiently, NAU awards in date order of the original

FAFSA application date on the most recent ISIR transaction in Campus Vue. Each program has individual

criteria, as well.

Central Financial Aid will create the shared spreadsheets for these Funds. Following the guidelines for each

specific program, Central Financial Aid will determine those students that are eligible according to the


published deadlines (see SEOG sections). Central Financial Aid will notify the campus staff of their eligible

students and request that they send the student’s FA Folder for awarding.

Students that are eligible for funds will be highlighted yellow on the spreadsheets Students that are not eligible, at the time of review, will have comments notated as to why they are

not currently eligible o During the next deadline date, these students would again be reviewed to determine if

they now meet the eligibility criteria

Campus Financial Aid staff can view these spreadsheets on MyNAUFinancial Aid Shared Spreadsheets.

Central Financial Aid will monitor and reconcile the shared spreadsheets on a monthly basis to ensure that

deadlines are processed accordingly; awards are accurate and current; and to stay within the allocated

amounts for each program.

Should all eligible students be funded and the allocation not fully utilized, Central Financial Aid will carry

forward the remaining allocation to be included with the allocations for succeeding spreadsheets. When

students withdraw from school or become ineligible for funds and awards are cancelled, those dollars will

be awarded to the next eligible applicants on the spreadsheet.

Financial Aid Fund Sources

Federal Pell Grant All awards are based on the 2019/20 Federal Pell Payment Schedule. Scheduled Annual Awards (full-

time/full-year) range from $657 to $6,195 per year, funds are available to all eligible students, depending on

EFC and enrollment status.

Undergraduate students may receive Pell Grant funds at an enrollment status of at least one credit hour

or more.

For Pell Grant there are several significant dates to keep in mind:

Start date of the regular undergraduate term (11 weeks)

Start date of the module class within the term (8 weeks, 5 ½ weeks, 3 weeks)

Add/Drop period = 1st week of the regular term o During this time a student may “no-show” class(es), even if the student has attendance

during the Add/Drop week o The classes are removed from the student’s schedule o The tuition and fees for the class(es) are forgiven, however the student may still have

earned a portion of the Title IV aid (SEOG or loans only) for the period of time they attended

o There is not a separate Add/Drop period for module classes

Pell Grant Recalculation Date (PRD) = 8th day after the term start date (day after Add/Drop) o “Census” date for enrollment status for Pell Grant o This is the enrollment status on the Official Roster

Pell Grant is awarded based on one of two dates:

Enrollment status on the Pell Grant Recalculation Date


o Exception: Pell Grant will be re-calculated down for students who are “no-showed” from one or more classes after the Pell Grant Recalculation Date

If student is not on the Official Roster (registered on the Pell Recalculation Date), then the student’s enrollment status on the first day of the module is the Pell Grant enrollment status

o Example: Summer 19A it would be the enrollment status on 6/25/19

Keep in mind that loans do not have a Recalculation Date and can be based on all classes, regardless of

when they are registered or added

Additional Pell Grant cannot be awarded for students on the Official Roster who register for additional

classes after the Pell Recalculation Date

Additional Pell Grant cannot be awarded for students who register for additional classes after the

module start date

Students who have completed a Bachelor’s degree (even if the degree is from an unaccredited school or

foreign school) are not eligible for Pell Grant. In some cases, the student may state they have a

Bachelor’s Degree from a foreign school; however, Registrars may determine that it was only a 2-year or

3-year degree. This is not determined by the number of transfer credits but by the foreign school

transcript.

Federal Pell Grant can be awarded all four quarters of the award year (if attending and eligible), Summer

19–Spring 20.

Summer 2019 will be awarded from the 2019/20 award year.


For the 2019/20 Federal Award Year, students may receive up to “Year Round Pell” (150% of their Pell Grant

Scheduled Annual Award (SAA) or Full-time, Full-year amount). All of the Pell Grant received must be

included in their Lifetime Eligibility Used, including any amounts beyond the 100% of their Scheduled

Annual Award.

Students must be enrolled at least half-time in the term for which the additional Pell Grant funds are

awarded in excess of 100%. Students are eligible for the “extra” 50% Pell during the term they meet or

exceed 100% of their Pell, as long as the student is at least half-time during that term.

Example: EFC 0, SAA = $6195

Su19 F19 W19/20 Sp20

# of Credits 13.5 13.5 13.5 13.5

Pell $2065 $2065 $2065 $2065

% for Year 33.34% 66.67% 100.0% 133.34%

Eligible for Extra Yes


Su19 F19 W19/20 Sp20

# of Credits 9 13.5 13.5 13.5

Pell $1549 $2065 $2065 $2065


% for Year 25% 58.34% 91.67% 125%

Eligible for Extra Yes


Su19 F19 W19/20 Sp20

# of Credits 9 13.5 13.5 4.5

Pell $1549 $2065 $2065 $516

% for Year 25% 58.34% 91.68% 100.00%

Eligible for Extra No


The below would be eligible at less than half-time enrollment status for $508 in Pell Grant, however

because they have used 100% of their yearly eligibility and are less than half-time during the term

they would be beyond 100%, they are not eligible for the additional eligibility

Su19 F19 W19/20 Sp20

# of Credits 13.5 13.5 13.5 4.5

Pell $2065 $2065 $2065 $0

% for Year 33.34% 66.67% 100.00%

Eligible for Extra No

Example: EFC 0, SAA = $6195, student received $3008 at a previous school

Previous School

F19 W19/20 Sp20

# of Credits 13.5 13.5 13.5

Pell $3008 $2065 $2065 $2155

% for Year 48.56% 81.89% 116.22% 150%

Eligible for Extra Yes Yes

Federal Pell Grant funds are awarded even if the student’s Cost of Attendance has been fully funded.

As of 2012/13 Pell Grant recipients are limited to a “Lifetime Eligibility Used” (LEU) of 600% of all Scheduled

Annual Awards. This is reported on the Grants pages of NSLDS or COD. The Pell Grant Lifetime Eligibility

Used (LEU) is equivalent to six full time years of Federal Pell Grant. The Federal Pell Grant LEU is calculated

by the percentage of the full-time Federal Pell Grant received each award year (SAA). All years are added

together and they cannot exceed 600%.

The SAA of Federal Pell Grant for which a student is eligible is determined by their EFC from their Free

Application for Federal Student Aid (FAFSA).

For example: If the student’s Pell LEU is below 599.983%, calculate the remaining eligibility for Federal

Pell Grant using the below calculation.

1. 600% - Student’s Pell LEU = Remaining LEU


2. Convert remaining LEU to decimal (xx.xxx% = .xxxxx) move the decimal 2 numbers to the left, then round to 3 decimal points

3. Student’s Full Time Full Year Pell based on the EFC x remaining LEU converted to decimal, truncate the result to the nearest cent

4. Calculate the student’s normal Pell award based on enrollment and EFC 5. If award is less than $1, will not be awarded

Example: student’s PELL LEU is 599.001%, EFC = 0. Total Pell Award $6195

600 – 599.001 = .999% $6195 X .00999% = $61.8880 Pell remaining. The award would be

$61.88.

If the student’s Pell LEU is 599.983% or greater, the student will not have any further eligibility for

Federal Pell Grant.

Students may submit a written, signed and dated statement to refuse their Federal Pell Grant award

specifying whether they are refusing the award for a quarter(s) or for the entire year. Students may want to

do this to preserve the Pell LEU for future quarters or years.

Federal Pell Grants for the 2019/20 award year cannot be disbursed before 7/1/19 and can be disbursed

until 9/22/20 or the date the 2019/20 FISAP is filed, whichever is earlier.

Federal Iraq/Afghanistan Service Grant (Pending updated percentages for 2019/20)

A student whose parent or guardian has died because of military service in Iraq or Afghanistan after September 11, 2001, may be eligible for additional Title IV aid.

Students who were 23 or younger at time of parent’s death

Students who were 24 or older and enrolled in college at time of parent’s death Pell Grant eligible students who meet these requirements are considered to have a ZERO EFC for awarding all aid (Pell Grant, Campus Based Aid, Loans, etc.) regardless of the actual EFC calculated on the ISIR. They will be awarded a Federal Pell Grant, instead of a Federal Iraq/Afghanistan Service Grant. Non-Pell Grant eligible students (due to EFC, not due to any other condition) who meet these requirements will receive the Federal Iraq/Afghanistan Service Grant calculated from the Zero EFC Pell Grant Chart:

First disbursement on or after 10/1/18 and prior to 10/1/19 = minus 6.2% (round up for 50 or more cents) of the award.

First disbursement on or after 10/1/19 and prior to 10/1/20 = minus ? (round up for 50 or more cents) of the award. Note: information will be updated after 10/1/19 when % is available

All other aid will be awarded using their ISIR calculated EFC. For instance a student taking 9 credits per quarter:

1st Disb on or after 10/1/18 Summer 18 Fall 18 Winter 18/19 Spring 19

0 EFC Award $1524 $1524 $1523 $1524

- 6.2% $94 $94 $94 $94


Actual Award $1430 $1430 $1429 $1430

However if the same student does not have their first disbursement until 10/1/19 or after:

1st Disb on or after 10/1/19 Summer 19 Fall 19 Winter 19/20 Spring 20

0 EFC Award

- ??

Actual Award

Note: information will be updated after 10/1/19 when % is available

These students will have comment code 298 on their ISIR, and the DOD Match Flag will be set to Y. The Parent’s Date of Death should print on the ISIR for the 2019/20 award year. E-mail [email protected] for eligibility confirmation.

Check the parent’s date of death against the student’s age.

o If the student was 23 or younger at the time of the parent’s death, they are eligible for this benefit.

o If the student was 24 or older at the time of the parent’s death, you will need confirmation that the student was enrolled in college at the time (Central Financial Aid will document eligibility confirmation in the C-Code Process activity).

The student may be eligible for this benefit after they have been awarded, if their parent dies during the award year. Their awarding would have to be revised for the entire award year.

Federal Iraq/Afghanistan Service Grant can be awarded all four quarters of the award year (if attending

and eligible), Summer 18–Spring 19.



Children of Fallen Heroes Scholarship Act (pending updated information for 2019/20)

Under this scholarship, beginning with the 2018-2019 award year, a Pell-eligible student whose parent or guardian died in the line of duty while performing as a public safety officer is eligible to receive a maximum Pell Grant for the award year for which the determination of eligibility is made.

To qualify for this scholarship, a student must be Pell-eligible and have a Pell-eligible EFC (up to 5486 for the 2018-2019 award year), and be less than 24 years of age or enrolled at an institution of higher education at the time of his or her parent’s or guardian’s death. In subsequent award years, the student continues to be eligible for the scholarship, as long as the student has a Pell-eligible EFC and continues to be an eligible student.

All Title IV aid awarded to such eligible students must be based on an EFC of zero without regard to the student’s calculated EFC. Thus, the student is eligible for the maximum Pell Grant for his or her enrollment status and cost of attendance. In addition, the student’s eligibility for Direct Loans and for Campus-Based program aid must be based on an EFC of zero.

For purposes of the Children of Fallen Heroes Scholarship, a public safety officer is:

mailto:[email protected]


As defined in section 1204 of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (42 U.S.C. 3796b); or

A fire police officer, defined as an individual who is serving in accordance with State or local law as an officially recognized or designated member of a legally organized public safety agency and provides scene security or directs traffic in response to any fire drill, fire call, or other fire, rescue, or police emergency, or at a planned special event.

The Children of Fallen Heroes Scholarship requires the institution’s financial aid administrator (FAA) to determine and document, in collaboration with the student, that the student was less than 24 years of age or enrolled at an institution of higher education at the time of his or her parent’s or guardian’s death. A single, national data source of individuals who died in the line of duty while serving as a public safety officer does not exist. While the Department does not specify all of the acceptable documentation that may be used to determine eligibility for this scholarship, here are some documents that schools may consider:

A determination letter acknowledging eligibility for certain federal benefits under the Public Safety Officers Benefit (PSOB) program administered by the Department of Justice;

A written letter of attestation or determination made by a state or local government official with supervisory or other relevant oversight authority of an individual who died in the line of duty while serving as a public safety officer as defined above;

Documentation of the student qualifying for a state tuition or other state benefit accorded to the children or other family members of a public safety officer consistent with the definition in 42 U.S.C. 3796b, or as a fire police officer as noted above; or

Other documentation the school determines to be from a credible source that describes or reports the circumstances of the death and the occupation of the parent or guardian.

Institutions must maintain all evidentiary documentation related to the determination of the student’s eligibility for the Children of Fallen Heroes Scholarship.

Federal Student Aid is making modifications to the Common Origination and Disbursement (COD) System that will permit institutions to certify eligibility for students who qualify under the Children of Fallen Heroes Scholarship, and allow for increased Pell Grant disbursements.

It is important to note:

COD System changes will not be in place until later this year. We will inform institutions that the necessary COD System modifications are completed in a forthcoming announcement.

Eligibility determination entered into the COD Web will not be carried on the ISIR, nor visible in NSLDS at this time.

The Central Processing System (CPS) will not recalculate a student’s EFC when an institution makes the determination that a student qualifies for a Children of Fallen Heroes Scholarship. However, in order to make the scholarship easier for schools to administer in subsequent award years, we are working on system modifications, which would accommodate eligibility certification within the CPS.


Outside Aid (through NAU)

NAU Foundation – Academic Excellence Award To be eligible for the academic excellence award, the student must:

1. Be enrolled in a degree seeking program at NAU 2. Have attended half-time or more at National American University for both the Fall and the

Winter terms during the last calendar year a. Undergraduate-6 or more credits per term b. Master’s program-4.5 or more credits per term

i. Students in their 1st term in an NAU master’s program may still apply if they received their Bachelor’s degree from NAU and all other criteria applies including half-time attendance as an undergraduate for both the Fall and the Winter terms during the last calendar year. These students would be awarded the Academic Excellence Award at the undergraduate level.

ii. . These students would be awarded the Academic Excellence Award at the undergraduate level.

c. Doctoral program-3 or more credits per term (Summer and Fall trimesters) i. Students in their 1st term in an NAU doctoral program may still apply if they

received their Master’s degree from NAU and all other criteria applies, including half-time attendance as an master’s student for both the Fall and the Winter terms during the last calendar year. These students would be awarded the Academic Excellence Award at the Master’s level.

3. Have a minimum cumulative GPA of 3.66 – evaluated at the end of the winter term (end of Fall trimester for Doctoral).

Several awards are available to students for the following amounts:

Undergraduate-$1200 per year, $400 per term

Master’s-$1500 per year, $500 per term

Doctoral-$1800 per year, $600 per term

The awards will be disbursed over three terms of the succeeding academic year beginning Summer or

Fall 2019 (Summer 19 through Spring 20 for Doctoral). There are a limited number of awards available.

Students must be attending at least half-time to receive the award disbursements. Scholarship

recipients who are not enrolled for any reason, including graduation, forfeit any remaining

disbursements. The most senior recipient will have the award designated as the NAU Foundation

Alumni Academic Excellence Award.

Applications are available February 25, 2019, from your advisor and on the foundation website at www.naufoundation.org/scholarships .

The application deadline is April 1, 2019.

Complete applications (with all attachments) are to be submitted online, by email, by fax or by mail to: naufoundation.org/onlineapps, [email protected], 605-721-5241 (fax) or by mail to Central Administration on or before the April 1, 2019 deadline. A complete application includes: o Application form

http://www.naufoundation.org/scholarships


o 2 letters of reference, with at least one from a faculty or staff member at NAU o A brief autobiography (250 words or less) describing your career goals and objectives,

involvement in extracurricular activities, financial needs and any other pertinent information

Incomplete or late applications will not be considered.

Scholarship recipients will be selected on:

Academic achievement at National American University Strength of autobiography and reference letters Participation in extracurricular activities while an NAU student (includes community service). Financial need.

NAU Foundation – Various NAU offers several other Foundation Scholarships to students. Each scholarship may have specific

eligibility criteria above the general requirements listed below.

Eligibility Criteria:

Be enrolled in a specific program, possibly at a specific campus

Be enrolled for a specific term (individual scholarships will vary)

Be enrolled at a specific enrollment level (HT or FT) (individual scholarships will vary)

Various scholarship specific application deadlines

Awarding Criteria (Scholarships are dependent upon available resources; subject to change):

The David Donnelly Memorial Criminal Justice Scholarship, $500/term

The Bill Tschetter Paralegal Studies Academic Excellence Scholarship, $500/term

The Kaitlyn English Memorial Scholarship, $500/Fall Term

The Guy Tillett Maverick Pride Scholarship, $2,400/Fall Term (paid in three disbursements – Fall, Winter, Spring)

The Finish Line Scholarship, $100-$250/term

The Alumni Advancement Scholarship, $500/Fall Term

The Alumni Legacy Scholarship, $500/Fall Term

The Back on Track Scholarship, $2000 ($1000/Fall & Winter Terms) o Central FA must verify the Federal Financial Aid funds have been exhausted

The New Student Empowerment Scholarship, $1200 (paid in three disbursements – Fall, Winter, Spring)

Awarding Limitations:

Foundation sends an award letter with scholarship specific information to the student

One-time scholarship and must be applied for each year

One lump sum disbursement (unless stated differently in the foundation award letter)

Student is responsible for all other applicable fees and any other charges.

Students who have received other outside or NAU scholarships are still eligible.


Total scholarships and funding received from NAU, NAU Foundation, NAU Employee Education Benefits, federal grants or other outside resources must not exceed the total amount due for tuition per term, or the scholarship will be reduced.

Retention Criteria:

Unless stated in the foundation award letter, the scholarship is not retained for future years

South Dakota Education Access Foundation (SDEAF) Available to Independent students at the Ellsworth AFB, Rapid City/Online (including College of Military Studies, Henley-Putnam Undergraduate), and Sioux Falls undergraduate students. Provided in support of the SDEAF mission by awarding non-traditional low-income students who face low rates of entry and financial barriers in their pursuit of Post-Secondary Higher Education, in hopes that this will improve their rate of entry and success in pursuing their educational goals. Eligibility Criteria:

For students at the Ellsworth AFB, Online (including College of Military Studies, Henley-Putnam Undergraduate), Rapid City, and Sioux Falls campuses only

Institutional Student Information Record (ISIR) with original FAFSA application date processed by 9/1/2019

Independent students only

Pell Eligible low income students as defined by an Expected Family Contribution (EFC) of equal to or greater than 500 and less than or equal to 5576.

Enrolled at least half-time per quarter

Student must have unmet Federal Need, or the grant will be reduced accordingly

Awarding Criteria:

SDEAF will be awarded all four quarters of the award year (if attending), Summer 19–Spring 20.

Quarterly Enrollment Status Quarterly Credits Hours Per Quarter Award

Full-Time 12 credit hours or greater $1000

¾ Time 9 to 11.5 credit hours $800

½ Time 6 to 8.5 credit hours $600


$95,000 is NAU’s allocation for 2019/20. Awarding of funds is limited to this amount.

Students will be awarded in date order of the ISIRs original FAFSA application date, for students with an EFC equal to or greater than 500 and less than or equal to 5576.

o The first deadline for awarding of funds is 3/1/2019. On 3/1/2019, approximately 50% of the annual allocation will be awarded.

o The remaining 50% of the allocation will be awarded at the second deadline date of 6/30/19

o Should NAU have funds remaining after the 6/30/19 spreadsheet, an additional listing of students will be created on 9/1/2019 for awarding the remaining funds, following the same criteria as above.


Students not awarded but meeting the criteria are added to a waiting list, if funds should become available later (due to a previously awarded student withdrawing or no longer meeting the criteria), the students shall be awarded in order on the waiting list.

o SDEAF will be awarded for the current term and forward for the remainder of the award year (as long as all criteria above are met).

Retention Criteria:

If after the fund has been awarded and disbursed to the student, a subsequent ISIR is received, the fund must be reviewed for eligibility. If the student’s EFC has reduced below 500 or increased above 5576, the student is no longer eligible for the SDEAF funds and future disbursements must be cancelled.

Federal Supplemental Educational Opportunity Grant (SEOG) Qualifying students will be awarded FSEOG based on the following:

First Priority: Students who qualify for (are eligible to receive) Federal Pell with the lowest

Expected Family Contribution.

Second Priority: Students who do not qualify for (are ineligible to receive) Federal Pell with the

lowest Expected Family Contribution.

Funds will be awarded in the exact order of the lowest Expected Family Contribution on up until funds are

exhausted. Students may receive FSEOG funds at an enrollment status of at least one credit hour or

more. Students who have completed a Bachelor’s degree (even if the degree is from an unaccredited

school or foreign school) are not eligible for FSEOG.

Quarterly Enrollment Status Quarterly Credits Hours Per Quarter Award

Full-Time or Greater 12 or more credit hours $1000

Less than Full-Time Less than 12 credit hours $750

Please note: The minimum FSEOG allocation per student is $100 for the year according to Federal

Regulations. This means that if the student only has eligibility for $75 for the year, they cannot be awarded

FSEOG.

The deadline for accepting applications for consideration of awarding FSEOG funds is listed below along

with the amount of allocation for that deadline. Further details regarding campus based aid allocation

deadlines and spreadsheets are published in the Campus Based Aid Spreadsheets section on page 11.

Funds awarded and not utilized for a particular spreadsheet deadline (for example, if a student for whom

you have awarded FSEOG does NOT attend classes) shall be awarded to the next eligible students on that

spreadsheet, until the spreadsheet for the following deadline is produced. Once the next spreadsheet has

been produced, the funds, which were not utilized, shall be carried over to the next spreadsheet’s

allocation.

If a student withdraws, all future awards would be cancelled unless the student is currently registered for

the next term. If not registered for the next term, the cancelled funds will be returned to the allocation and

awarded to the next student on the waiting list.


Awards may be made for prior quarters, which the student has completed as long as there is no break in

attendance.

FSEOG can be awarded all four quarters of the award year (if attending and eligible), Summer 19– Spring

20.



FSEOG for the 2019/20 award year cannot be disbursed before 7/1/19 or after 6/30/20.

National American University's FSEOG allocation for the 2019/20 award year is $843,440.00. This amount

includes the necessary institutional match.

Total

Allocation 1/1/19 3/1/19 5/1/19 10/1/19 1/1/20

$843,440 $805,940 $15,000 $7,500 $7,500 $7,500

State Grants

Indiana Available at Indianapolis (Carmel) campus only

Available for Associate’s and Bachelor’s degrees only

The state of Indiana determines the types of awards, initial eligibility and amounts for the students. NAU

awards these based on the Indiana State portal information, the student’s enrollment status and if

applicable Federal Need.

Students are only eligible for one Indiana State Financial Aid program at a time o Ensure the student is awarded the Indiana State Financial Aid program that is the best

benefit for the student

Eight Year Rule for all Indiana State Financial Aid:

All IN state financial aid eligibility must be used within eight years after a student first uses IN state aid.

When a student is eligible for state grant, the award offer is valid for 4 terms and is determined by the

award year of the original claim.

Example: We have a new student for Spring 2018 who is eligible for Indiana funds for 2017/18.

The 2017/18 award year runs 7/1/17 thru 6/30/18. Because the student starts Spring 2018, their

2017/18 award offer is good for Spring term to Spring term (3/5/18-3/4/19)

Therefore, we can claim 4 terms of awards from the 2017/18 Award Offer, regardless if the term is a 17/18

term or a 18/19 term.

Spring 2018 = 2017/18

Summer 2018 = 2019/20


Fall 2018 = 2019/20

Winter 2019/20 = 2019/20

In Campus Vue, we would package Spring 2018 as a 17/18 fund source; Summer, Fall and Winter would be

packaged as 18/19 fund source.

Packaging notes in both 17/18 and 18/19 awards would be: “Eligible for 2017/18 Award Offer which includes Sp18, Su18, F18 and W1920 terms”

After Winter 2019/20 is paid, the FSR would then need to check Indiana website for 2019/20 Award Offers

(or eligibility based off of 2019/20 ISIR). If the student has an award offer for 2019/20, Spring 2019 would

be the first term of the Award Offer. The Award Offer would then be good for Spring to Spring (3/4/19-

3/3/20)

Spring 2018 = 2019/20

Summer 2018 = 2019/20

Fall 2018 = 2019/20

Winter 2019/20 = 2019/20

This pattern would continue for the student’s enrollment.

Indiana 21st Century Scholarship (IN21SCH)

The IN 21st Century Scholarship is an award from the state of Indiana given to students to be used for

college tuition at a later date.

Students in 7th or 8th grade whose family income does not exceed the income eligibility guidelines for the federal free and reduced lunch program, as determined by the immediately preceding taxable year for the household for which the student was claimed as a dependent.

o High school students in foster care may enroll in the program through high school graduation

At the time of enrollment, students must agree in writing to the Scholar Pledge. o Graduate from an accredited Indiana secondary school with a minimum of a Core 40

diploma o Upon graduation have a cumulative grade point average (CGPA) of at least a 2.5 on a 4.0

scale. o Not use illegal drugs, commit a crime or delinquent act, or consume alcohol before

reaching the legal drinking age. o File the Free Application for federal Student Aid (FAFSA) by April 15 as a high school

senior and each year thereafter until the student graduates from college o Apply to an eligible Indiana college as a high school senior and enroll in college full time

within one year o Complete the Scholar Success Program

Scholar Success Program o Grade 9

Create a Graduation Plan Participate in an Extracurricular or Service Activity


Watch “Paying for College 101” o Grade 10

Take a Career Interests Assessment Get workplace Experience Estimate the Costs of College

o Grade 11 Visit a College campus Take a College Entrance Exam (ACT/SAT) Search for Scholarships

o Grade 12 Submit College Application Watch “College Success 101” File the FAFSA


Resident of Indiana o Independent student or Dependent student and their parents must be domiciled in

Indiana on December 31 of the calendar year immediately preceding the award year in which the student receives the scholarship

US Citizen or eligible non-citizen

Must be enrolled in an Associate degree or first bachelor’s degree

Must enroll at an eligible Indiana institution within one year after HS graduation

Must file the FAFSA by April 15 prior to the academic year of intended enrollment

Meet income guidelines o Income guidelines do not apply if placed with a relative or other caretaker, a child-caring

institution or a group home by the Department of child Services, a court order or a child-placing agency.

Must be full-time on NAU’s Pell Recalculation date o Courses must apply toward the student’s degree o If not enrolled full-time on NAU’s Pell Recalculation date, must be enrolled full-time by

the end of the term o If student is enrolled full-time on NAU’s Pell Recalculation date and later drops to less

than full-time, student may keep the 21st Century Scholarship for the term o Repeated coursework may count towards full-time enrollment status

But only the first repeat of a previously passed course may count towards the full-time enrollment status

o Exception to full-time-students do not have to be full-time in the final term of their program

Awarding Criteria:

$4,256 for the year o Amount is divided by four quarters and rounded on a 4/5 split to the nearest whole

dollar for each disbursement o If the amount is a prorated award due to less than 1 year of remaining eligibility, check

with JuliAnn for how to award


The amount of the scholarship cannot exceed the cost of tuition and regularly assessed fees minus any aid designated specifically for tuition or mandatory fees

21st Century Scholarship can only be used for tuition and regularly assessed fees

EFC cannot be higher than 24,428 o If EFC higher than 24,428, student may receive a one-time award of up to $2,500 if he or

she has not already received the 21st Century Scholarship

NAU must submit the “Claim” to ScholarTrack to receive the 21st Century Scholarship money, which is to be applied to the student’s account

Retention Criteria:

Dependent or Independent student must remain living in the state of Indiana o Parent listed on the FAFSA do not need to remain living in Indiana

Must maintain Satisfactory Academic Progress (not be in Suspension or Max Time Frame)

Must earn 45 quarter credits (30 semester credits) per award year o If student earns more than 45 credits in an award year, the excess credits may apply to

the credit completion requirement of a future award year (Credit Bank) o Students who lose eligibility because they failed to earn 45 credits in the award year,

may regain eligibility by earning 45 credits in a 12 month period after the end of the last award year for which the student received Indiana State Financial Aid (cannot be combined with Credit Bank credits from previous years)

NAU must report the Credit Completion and Credit Bank to ScholarTrack within 2 weeks of grades posting

NAU must report when 21st Century Scholars earn an associate degree before enrolling in a Bachelor’s degree program to ScholarTrack

Students are limited to using a combination of the 21st Century Scholarship and Frank O’Bannon Grant for only 4 undergraduate academic years

The 21st Century Scholarship or Frank O’Bannon Grant must be used within eight years after a student first uses either award

Indiana Frank O’Bannon Grant-Higher Education Award (INFOG)


Every student who files a FAFSA with Indiana as their state of legal residence is evaluated by the state for this grant

Resident of Indiana o Independent student or Dependent student and their parents must be domiciled in

Indiana on December 31 of the calendar year immediately preceding the award year in which the student receives the scholarship

Must have graduated from HS, completed home school or earned a GED prior to receiving award

Must file the FAFSA by April 15 prior to the academic year of intended enrollment

If selected for verification, must complete verification

Must be enrolled in an Associate degree or first bachelor’s degree o Courses must apply toward the student’s degree

Must be full-time on NAU’s Pell Recalculation date o Courses must apply toward the student’s degree


o If not enrolled full-time on NAU’s Pell Recalculation date, must be enrolled full-time by the end of the term

o If student is enrolled full-time on NAU’s Pell Recalculation date and later drops to less than full-time, student may keep the Frank O’Bannon Grant for the term

o Repeated coursework may count towards full-time enrollment status But only the first repeat of a previously passed course may count towards the

full-time enrollment status o Exception to full-time-students do not have to be full-time in the final term of their

program

Awarding Criteria:

Award year for this award refers to the number of years the student has received Indiana State Financial Aid, not to the student’s grade level or academic year

Base Award + Student Performance Incentive(s) = Total Award

Base Award o Based upon the student’s EFC o May be either an One-Time Award Amount or a Full-Time Award Amount

Students in their first award year will receive the on-time award amount

EFC 0 1-500 501-1000

1001-1500

1501-2000

2001-2500

2501-3000

On-Time $3400 $3150 $2650 $2150 $1650 $1150 $0

Full-Time $2900 $2650 $2150 $1650 $1150 $650 $0

Performance Based Incentives (eligible if student qualifies for a $0 base award) o Academic Honors Incentive ($800)

First Award Year Only-Achieved a Core 40 with Academic honors diploma or a Core 40 with Technical honors diploma

2nd, 3rd, & 4th Award Years-student has a 3.0 CGPA in the student’s most recently concluded award year

o Associate Degree incentive ($800) Student received an Associate degree before enrolling in a Bachelor’s degree

If student enrolls in a BS degree prior to graduating with their AAS degree, they are not eligible for this Performance Based Incentive

Available in 1st, 2nd, 3rd or 4th award year o Accelerated Schedule Incentive ($1300)

Student completed at least 58.5 quarter credits (39 semester credits) during the student’s most recently concluded award year

May not use credit bank credits Available in 2nd and 3rd award years

Amount is divided by four quarters and rounded on a 4/5 split to the nearest whole dollar for each disbursement

o If the amount is a prorated award due to less than 1 year of remaining eligibility, check with Central Financial Aid Department for how to award

The amount of the scholarship cannot exceed the cost of tuition and regularly assessed fees minus any aid designated specifically for tuition or mandatory fees


Frank O’Bannon grant can only be used for tuition and regularly assessed fees


Retention Criteria:

Dependent or Independent student must remain living in the state of Indiana o Parent listed on the FAFSA do not need to remain living in Indiana

Must maintain Satisfactory Academic Progress (not be in Suspension or Max Time Frame)

Credit Completion o One-Time Award Amount

Must earn 45 quarter credits (30 semester credits) per award year If student earns more than 45 credits in an award year, the excess credits may

apply to the credit completion requirement of a future award year (Credit Bank) o Half-Time Award Amount

Students must complete 30 credit hours in the current award year, then enroll in at least six more credit hours to receive 25% more aid.

o Full-time Award Amount Students must complete 30 credit hours in the current award year, then enroll

in at least 12 more credit hours to receive 50% more aid. o If student earns more than 45 credits in an award year, the excess credits may apply to

the credit completion requirement of a future award year (Credit Bank) o Students who lose eligibility because they failed to earn 45 credits in the award year,

may regain eligibility by earning 45 credits (On-time Award) or 36 credits (Full-Time Award) in a 12 month period after the end of the last award year for which the student received Indiana State Financial Aid (cannot be combined with Credit Bank credits from previous years)


NAU must report when Frank O’Bannon scholars earn an associate degree before enrolling in a Bachelor’s degree program to ScholarTrack

Students are limited to using a combination of the 21st Century Scholarship and Frank O’Bannon Grant for only 4 undergraduate academic years

The 21st Century Scholarship or Frank O’Bannon Grant must be used within eight years after a student first uses either award

Indiana Adult Student Grant (INASG)


Resident of Indiana o Independent student must be domiciled in Indiana on December 31 of the calendar year

immediately preceding the award year in which the student receives the scholarship

Must file the FAFSA

If selected for verification, must complete verification

Must be an Independent student

EFC must be less than or equal to 1500

Must complete an application in ScholarTrack


o Students considered for the award in the order that both a FAFSA and an ASG application are received

Must be enrolled in an Associate degree or first bachelor’s degree o Courses must apply toward the student’s degree

Must be enrolled in at least 9 quarter credits (6 semester credits) on NAU’s Pell Recalculation date

o Courses must apply toward the student’s degree o If not enrolled in at least 9 credits on NAU’s Pell Recalculation date, must be enrolled in

at least 9 credits by the end of the term o If student is enrolled in at least 9 credits on NAU’s Pell Recalculation date and later

drops to less than full-time, student may keep the Adult Student Grant for the term o Repeated coursework may count towards full-time enrollment status

But only the first repeat of a previously passed course may count towards the full-time enrollment status

o Exception to at least 9 credits for the term-students do not have to enroll in at least 9 credits in the final term of their program

Awarding Criteria:

$1,000 for the award year


o If the amount is a prorated award due to less than 1 year of remaining eligibility, check with JuliAnn for how to award

The amount of the grant cannot exceed the cost of tuition and regularly assessed fees minus any aid designated specifically for tuition or mandatory fees

Adult Student Grant can only be used for tuition and regularly assessed fees


Retention Criteria:

Independent student must remain living in the state of Indiana

Must maintain Satisfactory Academic Progress (not be in Suspension or Max Time Frame) o Unless the student has not attended NAU for the previous 2 academic years o Student attended NAU at any time during the previous 2 academic years and

maintained SAP during that time

Credit Completion o Must earn 27 quarter credits (18 semester credits) per award year

If student earns more than 45 credits in an award year, the excess credits may apply to the credit completion requirement of a future award year (Credit Bank)


NAU must report when 21st Century Scholars earn an associate degree before enrolling in a Bachelor’s degree program to ScholarTrack

Students are limited to using the Adult Student Grant for only 8 undergraduate academic years


The Adult Student Grant does not have to be used within eight years after a student first received the award

Indiana Mitch Daniels Early Graduation Scholarship (INEGSCH)

Eligibility Criteria

Indiana state resident

US citizen or eligible non-citizen

Attended a publicly supported high school on a full-time equivalency basis for at least the last 2 semesters before the student graduated

Awarded a minimum of a Core 40 high school diploma by the end of grade 11, including any summer course work completed by July 1 of the year of graduation

Must not have been enrolled in a publically supported high school for any part of a fourth year (grade 12)

Student must enroll as a full-time student at an eligible institution no later than the fall term immediately following the year in which the student graduated from high school

Must be at full-time student at NAU

Must file the FAFSA

Must file the Mitch Daniels Early Graduation Scholarship Application through ScholarTrack by September 1, 2017

Notifications of eligibility will be sent by the Indiana Commission for Higher Education to the student and college during the month of November

Awarding Criteria:

One-time $4,000 scholarship


Scholarship first used toward tuition and fees and any remaining funds shall be disbursed to the student

Scholarship may not be used for remedial coursework


NAU Scholarships/Awards NAU Scholarships may not be awarded if they are not a part of this packaging philosophy or an addendum

to this packaging philosophy. If you have an NAU scholarship that is not part of this packaging philosophy or

an addendum, please contact the System Director of Financial Aid.

All Campuses

NAU Veteran’s Yellow Ribbon Scholarship

NAU participates in the Yellow Ribbon Scholarship program for eligible recipients of Chapter 33 Veteran’s

benefits. NAU will match the amount of the student’s VA Chapter 33 Yellow Ribbon Scholarship per term. If

the student meets the following eligibility requirements:

Entitled to the maximum benefit rate for Chapter 33


Served an aggregate period of 36 months of active duty after September 10, 2001

Honorably discharged from active duty for a service-connected disability and you served 30 continuous days after September 10, 2001

Dependent eligible for transfer of entitlement under the Post-9/11 GI Bill in which the service member was entitled to the maximum benefit rate for Chapter 33

Please contact [email protected] for further details.

Undergraduate Scholarships

NAU Brown Mackie College Graduated Student Scholarship (BMCG)

Eligibility requirements:

Students who graduated with a Diploma or Associates degree from Brown Mackie College (BMC) during their most recent enrollment with BMC after 5/31/06 and are new students with NAU through Fall 2018.

NAU must have received an official transcript from Brown Mackie College

Student was not on Satisfactory Academic Progress (SAP) Suspension at Brown Mackie College

Student must complete the scholarship application prior to the end of the add/drop week of the term to receive the scholarship for that term. (Awards are not retroactive before the scholarship application date.)

Student must be enrolled in an NAU Undergraduate degree program (special does not qualify).

Scholarship award of up to 25% of the published Fall 2016 tuition rate per credit and their application fee is waived.

o $87.00 per credit hour- Sioux Falls o $90.00 per credit hour- Albuquerque, Centennial, Colorado Springs South, Garden City,

Independence, Overland Park, Rapid City, Tulsa, Wichita o $93.25 per credit hour- Austin, Bellevue, Georgetown, Indianapolis, Killeen, Mesquite,

Online Undergraduate, Rochester, Roseville

This scholarship is not available to students who receive a reduced tuition rate. o Military/Veteran reduced tuition rate, Ellsworth AFB, Lone Star, College of Military

Studies

Scholarship based on eligibility and date of application, until the fund is exhausted.

Retention requirements:

Student must submit a new scholarship application each Federal Award Year (Summer through Spring).

Student must have continuous enrollment in an NAU degree program.

The only term a student may remain eligible and not attend is Summer.

If student withdraws and wishes to re-enter, (other than Summer) the student loses their eligibility for the scholarship.

Student must have a cumulative grade point average (CGPA) of at least 2.5.

If the student fails to have a CGPA of at least 2.5 and loses the scholarship due only to CGPA, but later improves their CGPA to 2.5 or better, the scholarship may be re-awarded

Student must be Good Standing according to the Satisfactory Academic Progress standards to receive the scholarship; this is checked each quarter at the time of disbursement

If the student loses the scholarship due only to not being in Good Standing, but later returns to Good Standing, the scholarship may be re-awarded.



Scholarship will not be awarded for retake of courses due to withdrawal or grade even if a portion of the scholarship is refunded due to withdrawal from the course.

Approval of scholarships contingent upon annual funding approval by the Board of Governors.

If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. ACSP, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)

o If the student is eligible for NAU scholarships and receives Chapter 33, the student is awarded the full eligibility of the NAU scholarship. The Chapter 33 will then be reduced by the NAU Military Team.

NAU Research Scholarship

(pending updated information for 2019)

Effective Summer 2015

Awarding Criteria:

Student was enrolled at an NAU campus during the 2018/19 academic year (Summer 2018 through Spring 2019).

Student has at least one quarter left in their program for the 2019/20 Federal award year.

Student must be an Undergraduate student.

Student cannot be enrolled as a special student.

Student must in Good Standing.

Student must submit a research paper to the Campus Librarian (or Distance Librarian, [email protected], if their campus does not have a designated campus librarian.

Deadline to submit the paper is August 1, 2018.

Only one research paper may be submitted by each student per award year.

Students must submit a research paper that is the result of an assignment for an NAU class during the 2018/19 award year, for the 2019/20 Campus Research Scholarship competition.

o Include the completed coversheet located at http://arc.national.edu/library/docs/ResearchPaperScholarshipCriteriaProcess.pdf

o Be at least five pages in length, excluding title, abstract and reference page. o Be written in APA 6th edition format (or Blue Book/ALWD format for legal papers) and be

submitted via electronic MS Word document. o Papers will be evaluated using the NAU Research Paper Scholarship rubric and include an

evaluation of content, style, and grammar. o Research must be drawn from a minimum of five sources: this includes at least two Peer-

Reviewed/Refereed or Scholarly sources and the rest must be from different creditable sources. (Exceptions may be considered if determined integral or appropriate to support the topic.)

The Campus Research Paper Scholarship Committee (consisting of the campus or distance librarian, Director of Student Services, and faculty member(s) or their designee), review the papers to ensure they meet the minimum criteria and the librarian submits the top candidates to the Provost’s Office no later than September 1, 2018.

The Provost convenes the Research Paper Scholarship Review Panel (includes Librarians & College Deans). The Panel evaluates the papers and determines the awards no later than October 1, 2018.




This is a tuition scholarship.

$10,000 maximum for all Research Paper scholarships combined for the year. o One $2,000 scholarship for the Best research paper o Up to 3 Meritorious research papers, each $1,000 o Up to 10 Honorary research papers, each $500

The scholarship is awarded in one disbursement for the first quarter the student attends of the 2019/20 Federal Award Year.

This scholarship is to be applied to the student’s direct educational costs at NAU.

This scholarship is not retained for future years. The student must submit a new paper for future years.

Master’s Scholarships

NAU Affiliate/Corporate Scholarship Program (ACSP)


Master’s Online Instance only

Awarding Criteria:

Student must complete the scholarship application prior to the end of the Add/Drop week of the term to receive the scholarship for that term. (Awards are not retroactive before the scholarship application date.)

Student must be enrolled in an NAU Master’s degree program (special does not qualify) at the Master’s Online Instance

Student must be: o Employed by a Partner Company (including Business to Business partners) or o Employed by Affiliate College (staff or faculty), Community College or Technical Training

School or o Have graduated from an Affiliate College (including selected community colleges and

technical colleges). (See MyNAU>Financial Aid>Scholarship Applications>Institution/Company Listing) An official transcript from the affiliate college showing that the student graduated

must be on file with the Registrar’s Office. o Students who have not previously received ACSP may not be awarded ACSP if their partner

company or affiliate college is not on the current listing of partner companies or affiliate colleges.

Employer/Supervisor must verify student’s employment by signing the scholarship application or send an e-mail using their company e-mail address to [email protected] stating that the student is a current employee of their company.


This is a tuition scholarship for the Master’s Program o Scholarship of up to $54 per credit for the entire program.



Scholarship will not be awarded for retakes of courses due to withdrawal or grade even if a portion of the scholarship is returned thru Return to Title IV calculation.

Scholarship can be awarded all four quarters of the award year (if attending and eligible), Summer 19–Spring 20.

o Summer 2019 will be awarded from the 2019/20 award year. o Summer 2020 will be awarded from the 2020/21 award year.


Scholarship based on eligibility and date of application, until the fund is exhausted ($200,000). Students that receive the Ellsworth graduate reduced tuition rate are not eligible for any NAU-

funded scholarships.

If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. ACSP, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)


Retention Requirements:

Student must complete the scholarship application each Federal Award Year (Summer through Spring).

Student must continue to be enrolled in a Master’s program (special does not qualify).

Student must maintain at least a minimum cumulative GPA of 3.0 in the Master’s program at National American University; this is checked each quarter at the time of disbursement (can regain eligibility for a subsequent quarter in the award year, if improves CGPA to required CGPA or greater).

Student must be Good Standing according to the Satisfactory Academic Progress standards to receive the scholarship; this is checked each quarter at the time of disbursement (can regain eligibility for a subsequent quarter in the award year, if returns to Good Standing).

If student withdraws and wishes to re-enter, student must complete a re-entry admissions application and a new scholarship application prior to the end of the Add/Drop week of the term to receive the scholarship for that term. (Awards are not retroactive before the scholarship application date.)

If scholarship is dependent on employment by a Partner Company or Affiliate College, student must continue to be employed by Partner Company or Affiliate College.

If the student fails to meet any of these retention requirements, they lose eligibility for this scholarship until eligibility is re-established.


Scholarships subject to changes in policy by the Board of Governors.

NAU HDB Graduate School Scholarship


Master’s Online Instance Only

Awarding Criteria:


Student must be enrolled in an NAU Master’s degree program (special does not qualify) at the Master’s Online Instance and comply with all NAU school policies (special does not qualify).

Student must submit the scholarship application prior to the end of the Add/Drop week of the term at NAU to be eligible for the scholarship for that term. (Awards are not retroactive before the scholarship application date.)

Student must have graduated with a Bachelor’s degree from NAU.



Student can receive up to $54 per credit for the entire program of study.





Students that receive the Ellsworth graduate reduced tuition rate are not eligible for any NAU-funded scholarships.

If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. HDB, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)



Student must maintain a minimum cumulative GPA of 3.0 at National American University; this is checked each quarter at the time of disbursement (can regain eligibility for a subsequent quarter in the award year, if improves CGPA to 3.0 or greater).

Student must continue to be enrolled in a degree program (special or Master’s Probation Admission does not qualify).








NAU South Texas College Graduate Scholarship (STCG)

Effective Summer 16 term (7/7/16)


Awarding Criteria:


Student must be enrolled in an NAU Master’s degree program (special does not qualify) at the Distance-Graduate campus

Student must be one of the following: o Graduate of South Texas College

An official transcript showing that the student graduated must be on file with the Registrar’s Office

o Or Employed by South Texas College Employer/Supervisor must certify that the student is a current employee of

South Texas College


Scholarship of up to: o $154 per credit hour beginning with the July 7, 2016 term.

This scholarship is available to eligible students who do not receive a reduced tuition rate.



Scholarship based on eligibility and date of application, until the fund is exhausted.




If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. STCG, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)



Student must submit a new scholarship application each Federal Award Year o Summer term begins the Federal Award Year

Student must be continue to be enrolled in an NAU Master’s program (Special and Executive MBA not eligible).

Student must not take more than one term off during the Federal Award Year or they will lose


eligibility for the scholarship

Student must maintain a cumulative grade point average (CGPA) of at least 3.0.

Student must be Good Standing according to the Satisfactory Academic Progress standards to receive the scholarship; this is checked each quarter at the time of disbursement.

If scholarship dependent on employment by South Texas College must continue to be employed by South Texas College.

If the student fails to meet any of the above retention requirements, they lose eligibility for this scholarship.

NAU Ultimate Medical Academy Scholarship (UMAS)



Awarding Criteria:


Student must be enrolled in an NAU Master’s degree program (special does not qualify) at the Distance-Graduate campus

Student must be employed by or have graduated from Ultimate Medical Academy with an Associate’s Degree.

o Employer/Supervisor must verify student’s employment by signing the scholarship application or send an e-mail using their company e-mail address to [email protected] stating that the student is a current employee of UMAS.

o OR-Student must have transcript on file in Registrar’s drawer showing graduation from UMAS.


This is a tuition scholarship for the Master’s program. o Scholarship of up to $92 per credit effective Summer 16 for the entire program.






If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. UMAS, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)






Student must continue to be enrolled in a Master’s degree program (special does not qualify).

Student must maintain at least a minimum 3.0 cumulative GPA at National American University; this is checked each quarter at the time of disbursement (can regain eligibility for a subsequent quarter in the award year, if improves CGPA to required CGPA or greater).



If scholarship is dependent upon employment, student must continue to be employed by Ultimate Medical Academy.




Doctoral Scholarships

NAU Doctoral Scholarship (DOCS)

Awarding Criteria:

Continuing students only, scholarship not available to NEW students

Student must be enrolled in a current Doctoral degree cohort and comply with all NAU school policies (special does not qualify).

o Scholarship does not apply to the Henley-Putnam Doctoral (HPD) location

Student must complete the scholarship application prior to the end of the Add/Drop week of the term to receive the scholarship for that term.

Student must be receiving tuition assistance paid by their employer for the doctoral program. o Employer/Supervisor must verify student’s employment by signing the scholarship

application or send an e-mail using their company e-mail address to [email protected] stating that the student is a current employee of their company.

Student must submit copy of institution’s tuition assistance program.



Student can receive up to $150 per semester credit for the entire program of study.




Scholarship can be awarded all three trimesters of the award year (if attending and eligible), Summer 19–Spring 20.



If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. DOCS, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced.



Student must continue to be enrolled in a Doctoral degree program (special does not qualify).


Student must maintain a minimum cumulative GPA of 3.0 at National American University; this is checked each trimester at the time of disbursement (can regain eligibility for a subsequent trimester in the award year, if improves CGPA to 3.0 or greater).

Student must be Good Standing according to the Satisfactory Academic Progress standards to receive the scholarship; this is checked each trimester at the time of disbursement (can regain eligibility for a subsequent trimester in the award year, if returns to Good Standing).





NAU Doctoral Support Scholarship (DSS)

Awarding Criteria:





Student must not be receiving tuition subsidy or tuition reimbursement support from their employer. (Check for Company Tuition Assistance.)

Scholarship Application must have Doctoral Cohort designation




Student can receive up to $150 per semester credit for the entire program of study.





If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship. DSS, all other NAU scholarships, NAU Employee Education Benefits, federal grants and outside resources must not exceed the total amount due for tuition per course, or the scholarship will be reduced. (Check for Company Tuition Assistance.)











NAU Doctoral Scholarship Tri-C2 (DOCS2)

Awarding Criteria:






Student must be a member of the Tri-C2 Cohort and receiving tuition assistance paid by their employer (Tri-C) for the doctoral program.

o Employer/Supervisor must verify student’s employment by signing the scholarship application or send an e-mail using their company e-mail address to [email protected] stating that the student is a current employee of their company.

Student must submit copy of institution’s tuition assistance program.



Student can receive up to 20% of the total tuition costs only for the entire program of study.





If the student is eligible for any other NAU scholarship, they can only retain the higher scholarship.













Federal Direct Stafford Loan Programs Characteristics Common to Subsidized/Unsubsidized Stafford Loan Programs

Funds are available to Undergraduate students enrolled in 6-quarter credits or more, Master’s Program

students enrolled in 4.5-quarter credits or more, and doctoral Program students enrolled in 3-semester

credits or more (refer to page 5 for information on Modules).

Undergraduate students who are first-time (never previously borrowed Federal Student Loans), first-year

(40 or less credits) borrowers cannot receive the first disbursement of their Stafford Subsidized and

Unsubsidized loans (not PLUS) until 30 days after the start of their program of study. All other

disbursements can be paid using the regular Undergraduate disbursement dates.

Qualifying students may borrow up to their annual grade level or until the Federal Need is met according to

the following chart for each Borrower Based Academic Year (BBAY). Federal Need for Unsubsidized Loan is

calculated without the EFC.

Annual grade level loan amounts cannot exceed the student's program of study. For example: A

dependent student in a 2 year program (Associates) cannot borrow more than a grade level 2 annual loan

amount of $6,500 Subsidized and Unsubsidized Stafford combined regardless of credit hours earned.

Academic Level

Dependent Limits Independent Limits Sub Unsub Sub Unsub

1st year $3,500 $2,000 $3,500 $6,000

2nd year $4,500 $2,000 $4,500 $6,000

3rd and up $5,500 $2,000 $5,500 $7,000

Master’s and Doctoral N/A N/A N/A $20,500

Aggregate Undergraduate (Subsidized Loan

Included)

$31,000 (no more

than $23,000 may be

Subsidized)

$57,500 (no more than

$23,000 may be

Subsidized)

Aggregate Master’s and Doctoral

(Subsidized and Undergraduate Loan

Included)

N/A N/A $138,500 (no more than

$65,500 may be

Subsidized)

*Master’s and Doctoral Program-Note that for loan periods starting on or after July 1, 2012, Master’s and

Doctoral Program students are no longer eligible to receive Direct Subsidized Stafford Loans. Their entire

eligibility is in the Direct Unsubsidized Stafford Loan.

A dependent student who is awarded as an Independent student for loan purposes only may receive

Unsubsidized Loans up to the Independent annual loan limit and aggregate loan limit. For instance:

Dependent 2nd year student’s normal limits o $4500 Subsidized Loan o $2000 Unsubsidized Loan

Parent is denied the PLUS Loan due to credit, this increases the Unsubsidized Loan Limit to the


Independent student level. o $4500 Subsidized Loan o $2000 Unsubsidized Loan (Dependent student eligibility) o $4000 Unsubsidized Loan additional eligibility due to PLUS credit denial o This student’s Unsubsidized Loan(s) for the academic year (BBAY) would be marked with a

“P” on NSLDS as the Addit. Unsub. indicator o The $2000 and the $4000 Unsubsidized Loan would be awarded as one loan, unless we

were notified of the PLUS credit denial after the student was awarded the initial $2000 Unsubsidized Loan

Aggregate Loan Limits:

Dependent student = $31,000 (no more than $23,000 may be subsidized)

Independent student = $57,500 (no more than $23,000 may be subsidized)

The above student would now also use the Independent Aggregate Loan Limits.

Dependent Subsidized Unsubsidized Dependent eligibility

Unsubsidized Additional Eligibility due to PLUS credit

denial

1st BBAY (Grade level 1) $3500 $2000 $4000

2nd BBAY (Grade level 1) $3500 $2000 $4000

3rd BBAY (Grade level 2) $4500 $2000 $4000

4th BBAY (Grade level 3) $5500 $2000 $5000

Aggregate Loans $17,000 $8,000 $17,000

Total Aggregate Loans = $42,000 ($17,000 subsidized)

However, if in later years the student’s parent is approved for PLUS Loans, the student returned to the

Dependent annual and aggregate loan limits.

This means when calculating a Dependent student’s aggregate loan limit-for any “P” loans, the first $2000

of the student’s unsubsidized loan for that academic year would be counted towards the student’s

aggregate limit. The remainder of the Unsubsidized “P” loan would not count towards the Dependent

student’s aggregate loan limit.

For example: For the above Dependent student’s 5th BBAY, the parent’s PLUS loan is approved. The

student returns to the Dependent annual and aggregate loan limits.

Dependent Subsidized Unsubsidized Unsubsidized Additional Eligibility due to PLUS credit denial

Aggregate Loans $17,000 $8,000 Not counted towards aggregate

5th BBAY (Grade level 3) $5500 $500 None-would need to be PLUS loan

Aggregate Loans $22,500 $8,500 Not counted towards aggregate Total Aggregate Loans = $31,000 ($22,500 subsidized)

Although the student’s annual loan limit for Unsubsidized loan is $2000, because the student has reached

their Aggregate Loan Limit the student can only borrow $500.


Loan proration is necessary only when the Undergraduate borrower will graduate at the end of the loan

period and the loan period is less than an academic year (3 quarters) in length. When necessary, all loans

are prorated on a proportional basis. PLUS loans and Master’s and Doctoral student’s loans are not subject

to proration.

Proportional proration:

# credits taking/36 credits in standard academic year x annual maximum loan limit.

The following origination fees apply to loans depending on first disbursement date. It does not make a

difference when the loan was certified, the loan period, or from which award year the student was

awarded. If the first disbursement date was originally scheduled prior to 10/1/18, but not actually

disbursed until 10/1/18 or after, the origination fee will change.

Direct Loan Origination Fees

First Disbursement Paid Date Stafford Origination PLUS Origination

10/1/18 and prior to 10/1/19 1.062% 4.248%

10/1/19 and after ? ?

Note: information will be updated after 10/1/19 when % is available

The following interest rates apply to loans depending on first disbursement date. It does not make a

difference when the loan was certified, the loan period, or from which award year the student was

awarded.

Direct Loan Type Effective on or after date Interest Rate

Subsidized Stafford Loan

Undergraduate 1st Disbursement Paid-7/1/18 5.05%


(as of 7/1/12 Master’s and Doctoral students are no longer eligible for Subsidized

loans)

Unsubsidized Stafford Loan



Master’s and Doctoral 1st Disbursement Paid-7/1/18 6.60%

Master’s and Doctoral 1st Disbursement Paid-7/1/19 6.08%


PLUS Loan

PLUS 1st Disbursement Paid-7/1/18 7.60%

PLUS 1st Disbursement Paid-7/1/19 7.08

A borrower may choose to repay the loan by Electronic Debit Account; they would then receive a further

.25% interest rate reduction at time of repayment.

Military Service Loan Benefits:

For military service members who took out student loans prior to entering the military or being called to active duty, the interest rate is limited to 6% during times of active duty service.

Direct Loans first disbursed on or after 10/1/08, no interest will be charged for a period of not more than 60 months while serving on active duty or performing qualifying National Guard duty during a war, other military operation or other emergency and are serving in an area of hostilities qualifying for special pay.

Qualify for a deferment of repayment on any Federal loans while serving on active duty in the military, or performing qualifying National Guard duty, during a war, military operation, or national emergency. If the period of active duty service includes Oct. 1, 2007, or begins on or after that date, your deferment will be extended for an additional 180 days after the demobilization date for each period of qualifying service.

Members of the National Guard or other reserve component of the U.S. armed forces (current or retired) called or ordered to active duty while enrolled at least half-time at an eligible school or within six months of having been enrolled at least half-time, qualify for deferment of repayment on federal student loans during the 13 months following the end of active duty service, or until they return to school on at least a half-time basis, whichever is earlier.

Federal Direct Subsidized Stafford Loan (Sub) Qualifying students may borrow up to their annual grade level or until "Federal Need" is met.

The U.S. Department of Education pays (subsidizes) the interest that accrues on Subsidized loans while the

student is in school at least half-time, during the grace period, and during times of authorized deferment.

The U.S. Department of Education does not pay the interest during times of forbearance or repayment.

Subsidized Usage Limit (150% Direct Subsidized Stafford Limit)

If the student’s first disbursement of a Stafford loan was/is 7/1/13 or after, and the

student has never borrowed Federal Student Loans

OR their previous Federal Student Loans are completely repaid

The Undergraduate student is limited to Subsidized Stafford loan for 150% of the published length of their

academic program, as measured in academic years.

If the student has reached their 150% Subsidized Usage Limit or has less than 1 full term of Subsidized Usage Limit remaining and they continue in their program, the following will happen:

o Any subsequent loans would be Unsubsidized


o All loans will start accruing interest from the date of their first disbursement (including the previous Subsidized Loans)

If the student changes their program, they are limited to 150% of the published length of the new program, minus any Subsidized Stafford loans previously received regardless of the program to which it applied.

Students are generally awarded on a BBAY basis, unless a shorter length is required due one of the following

exceptions:

Loan period is less than 3 (undergraduate) terms due to a student graduating within the BBAY

Loan period is less than 3 (undergraduate) terms due to a student having transferred to NAU during a BBAY established at their previous institution

Loan period is less than 3 (undergraduate) terms due to a student changing grade level during the BBAY

The student withdrew or dropped to less than half-time status during the BBAY and must be re-awarded for the remainder of the BBAY.

Effective 10/2/17 when originally awarding a student, if the student has reached their Subsidized SULA

eligibility limit or their Subsidized loan for the full BBAY is greater than their remaining eligibility, the student

is to be awarded Unsubsidized Loan only.

NSLDS has been updated with enhancements to display the Subsidized Usage Limit Applies Informational

Flag (SULA).

For those students subject to the 150% SULA limit, the SULA flag will have the following values:

Y= The borrower is subject to the 150% SULA limit provision.

N= The borrower is not subject to the 150% SULA limit provision.

To figure how much remaining eligibility the student has use the following equation:

Maximum Eligibility Period (MEP) – Subsidized Usage Period (SUP) = Remaining Eligibility Period (REP)

COD and NSLDS will be calculating the MEP, SUP and REP by using academic years.

Maximum Eligibility Period (MEP)

150% of the published length of the educational program in which the borrower is currently enrolled.

Program Length in weeks x 150% / standard academic year


= Maximum Eligibility Period in Academic Years

Undergraduate Program Length and 150% is determined as follows:

1. Required # of Credits for Program / 12 credits per quarter (Federal definition of full-time) = Quarters per program

2. Quarters per program are rounded using a 4/5 split 3. Rounded Quarters per Program x 13 weeks per Quarter = Length of Program (11 weeks plus term

breaks) 4. Length of Program in weeks x 1.5 = Maximum Eligibility Period 5. Maximum Eligibility Period divided by 39 weeks (standard academic year) = Years of Maximum

Eligibility

Associate’s Degree of 90 credits has a program length of 104 weeks or 8 quarters

90 credits divided by 12 credits per quarter = 8 quarters rounded

8 quarters multiplied by 13 weeks per quarter = 104 weeks

150% of the program length is 104 x 1.5 = 156 weeks

156 weeks divided by 39 weeks = 4 academic years

Subsidized Usage Period (SUP)

Period of time for which a borrower received a Direct Subsidized Loan.

Days in Loan Period/Days in Academic Year (BBAY) x Enrollment Status

Enrollment status is calculated on each disbursement of the loan. o Full time = 1 Enrollment Status o ¾ Time = .75 Enrollment Status o ½ Time = .50 Enrollment Status

Example: Disbursement 1 = ¾ Time Enrollment status = .75 Disbursement 2 = FT Enrollment status = 1 Disbursement 3= ½ Time Enrollment status = .5 Total 2.25 / # of Disbursements (3) = .75 (round to 1 decimal point = .8)

o For 2013/14 the ¾ time enrollment status was not able to be reported and all less than full time enrollment status loans were calculated using a ½ time enrollment status

If the student does not receive any amount of Subsidized loan for the term the term in not used for the calculation and does not count against the MEP

Program Level

Required # of Credits for Program

Quarters (Rounded)

Weeks in Program

Maximum Eligibility Period

Converted to Years

Diploma 49-64.5 credits 4-5 52-65 78-97.5 2-2.5

Associates 9-134 credits 8-11 104-143 156-214.5 4-5.5

Bachelors 180-186.5 credits 15-16 195-208 292.5-312 7.5-8


If the student receives any amount of Subsidized loan for the term the entire term is used for the calculation

o If through R2T4 part of the Subsidized loan is returned for the term, the entire term is used for the calculation

o If through R2T4 or late disbursement the entire Subsidized loan is returned for the term, the end date of the previous term is used

Round each calculation to 2 decimal points

Round final number to 1 decimal point

One Exception-If the student borrows the full annual loan limit, regardless of the length of the loan period, it will be considered that the student has borrowed one Academic Year’s worth of loan. The enrollment status will still apply to the calculation. (ex. Freshman $3500 = 1 x enrollment status = SUP)

2019/20 Partial Loan Amount Example

Student attended ABC College Fall and Winter quarters, with an academic year of 9/2/18-5/23/19.

Disbursement 1 = ¾ time enrollment status = .75

Disbursement 2 = FT enrollment status = 1

Total Enrollment status = 1.75 / 2 disbursements = 0.875 (round to 0.9)

Student was a Freshman and received $1750 for the Fall and Winter quarters.

Loan Period- 9/2/18-3/23/19 = 204 days

Academic Year- 9/2/18-5/23/19 = 265 days

A. Portion of Academic Year = 204 /265 = 0.76981132 (Round to 2 decimal points = 0.77) B. Enrollment Status = 0.9

a. 0.77 x 0.9 enrollment status = .693 of an Academic Year (SUP round to 1 decimal point = .7)

18/19 Full Loan Amount Example

Student attended ABC College Fall and Winter quarters, with an academic year of 9/2/18-5/23/19.

Disbursement 1 = ¾ time enrollment status = .75

Disbursement 2 = FT enrollment status = 1

Total Enrollment status = 1.75 / 2 disbursements = 0.875 (round to 0.9)

Student was a Freshman and received $3500 for the Fall and Winter quarters.

Loan Period- 9/2/18-3/23/19 = 204 days

Academic Year- 9/2/18-5/23/19 = 265 days

A. Portion of Academic Year = 204/265 = 0.76981132 (Round to 2 decimal points = 0.77) a. But because the Full Annual Loan Limit was received, the portion of Academic year

calculation is not used, as it is considered to be the full academic year.


B. Enrollment Status = 0.9 a. 1 (full academic year) x 0.9 enrollment status = 0.9 of an Academic Year (SUP)

Remaining Eligibility Period (REP)

Difference between the Maximum Eligibility Period and the total of all Subsidized Usage Periods.

Maximum Eligibility Period

-All Subsidized Usage Periods combined

=Remaining Eligibility Period

Example A:

AAS Health Information Technology 105 credits o 99 / 12 credits = 8 quarters o 8 quarters x 13 weeks = 104 weeks Program Length o 104 weeks x 1.5 = 156 weeks Maximum o 156 weeks / 39 weeks = 4 Academic Years Maximum

Student has received 3 Academic Years (BBAYs) of Subsidized loans at an enrollment status of ¾ time

o 39 weeks / 39 weeks x .75 Enrollment = .75 Academic Year for each BBAY o .75 x 3 = 2.25 (Rounded 2.3) Subsidized Usage Period

Student changes programs to a BS program of 180 credits o 180 / 12 credits = 15 quarters o 15 quarters x 13 weeks = 195 weeks Program Length o 195 x 1.5 = 292.5 weeks Maximum o 292.5 weeks / 39 weeks = 7.5 Academic Years Maximum

7.5 Academic Years Maximum – 2.3 Subsidized Usage Period = 5.2 Remaining Eligibility Period to complete the BS degree

Example B:

BS Business of Administration 180 credits o 180 / 12 credits = 15 quarters o 15 quarters x 13 weeks = 195 weeks Program Length o 195 x 1.5 = 292.5 weeks Maximum o 292.5 weeks / 39 weeks = 7.5 Academic Years Maximum

Student has received 5 Academic Years (BBAYs) of Subsidized loans at an enrollment status of ¾ time

o 39 weeks / 39 weeks x .75 Enrollment = .75 Academic Year for each BBAY o .75 x 5 = 3.75 (Rounded 3.8) Subsidized Usage Period

Student changes to AAS program of 105 credits o 99 / 12 credits = 8 quarters o 8 quarters x 13 weeks = 104 weeks Program Length o 104 weeks x 1.5 = 156 weeks Maximum o 156 weeks / 39 weeks = 4 Academic Years Maximum


4 Academic Years Maximum – 3.8 Subsidized Usage Period = .2 Remaining Eligibility Period to complete the AAS degree

o Student can receive Subsidized Loan for one term only and only if that term is at a half-time enrollment status.

13 weeks/39 weeks x .5 Enrollment = 16.67 (rounded .2) Any subsequent loans would be Unsubsidized All loans will start accruing interest from the date of their first disbursement

(including the previous Subsidized Loans)

MEP, SUP, and REP are all tracked on the BBAY Tracking Sheet. Enter the SUP from COD for previous loans

into the BBAY Tracking Sheet. To determine whether a student’s loan amount is within the REP, use the

Subsidized Usage Calculator on COD>Person>Direct Loans>View Undergraduate Usage History.

Federal Direct Unsubsidized Stafford Loan (Unsub) The Unsubsidized Loan Program is a low interest loan. The primary difference between the Subsidized and

Unsubsidized Federal Stafford Loan is the U.S. Department of Education pays the interest on a subsidized

student loan during in school status and during authorized deferment periods. The student is responsible

for paying the interest on an unsubsidized student loan during all periods. (Note: A student must apply for

the full amount they are eligible for under the Federal Subsidized Stafford Loan program before they can

apply for a Federal Unsubsidized Stafford Loan. Except in the case of a Dependent student whose parents

refuse to complete a FAFSA, they are only eligible for Unsubsidized Loan.)

Dependent students whose parents refuse to complete the FAFSA and whose parents do not support them

now nor will they in the future (including cash and non-cash support such as educational costs or room and

board) are eligible to borrow Unsubsidized Loans only.

The Annual Loan Limit for these Unsubsidized loans is the Dependent Limit Subsidized and Unsubsidized combined for the student’s grade level, all as an Unsubsidized Loan.

These students are not eligible for any other type of Federal Student Aid.

These students have not been determined Independent through a Special Circumstance request.

Students and parents must complete the Special Circumstance Parent Refusal to Provide FAFSA Information form stating the above requirements, as well as the date they ceased to provide support for the student. (The Campus FSR can find this form on MyNAU>Financial Aid>FA Forms and Letters.)

Federal Direct Parent Loan for Undergraduate Students (PLUS) Federal PLUS loans are for parents who want to borrow to help pay for their child's education. A dependent

student's parents may borrow the difference between the cost of attendance minus all other financial aid,

providing they have a good credit history. There is no aggregate loan limit.

A credit check through Direct Lending is valid for 180 days. A credit check is performed each new BBAY. A

new credit check does not have to be done for the second Award Year if the BBAY spans two award years

and the previous credit check has not yet expired.


The credit check is done by the Federal government and looks for adverse credit only, the credit check does

not check for debt to income ratio. The following are the Department of Education’s standards for adverse

credit history:

One or more debts with a total outstanding balance of greater than $2,085 that are:

o 90 or more days delinquent as of date of credit report OR

o Have been placed in collection or charged off during two years preceding date of credit

report OR

o Subject to default, bankruptcy discharge, foreclosure, repossession, tax lien, wage

garnishment or write-off of a debt under Title IV during the five years preceding date of

credit report.

Parents, who are approved for the PLUS Loan through the credit check, may appeal the approval through

the Direct Loan website, StudentLoans.gov.

If the parent received a credit approval but the parent has declared bankruptcy and the court has ordered no new debt may be incurred until the bankruptcy has been discharged, the student may be eligible for a Professional Judgment determination of Independent for loan purposes only.

Parents, who are denied the PLUS Loan through the credit check, may do one of the following:

They may secure an Endorser. The endorser cannot be the student. o The parent must also complete Direct PLUS Loan Entrance counseling at StudentLoans.gov.

The parent can appeal the denial due to extenuating circumstances through the Direct Loan website, StudentLoans.gov.

Dependent students whose parents are denied a PLUS loan due to adverse credit history (and whose parents are not pursuing an endorser or appeal) may be eligible for Independent student Unsubsidized Loan limits, providing Professional Judgment determination of Independency is made for loan purposes only.

o In these cases once, the loans have been originated and COD has sent the record to NSLDS the loans will have a “P” designated in the Additional Unsubsidized loan box for the loan.

The U.S. Department of Education does not pay, at any time, interest for the parent in the PLUS loan

program. Funds are available to parents whose undergraduate student is enrolled at least half time (6-

quarter credits) or more.

Documents

Financial aid packaging philosophy