Financial Aid Application Deadlines

Undergraduate, Graduate, and Continuing Education

Incoming Students: Priority Filing Date April 1
Returning Students: Priority Filing Date May 1

Keeping to these deadlines when filing ensures maximum financial aid eligibility. The online FAFSA takes approximately one to two weeks to process, while the paper FAFSA takes four to five weeks.

When you complete the 2022-2023 FAFSA, you will be applying for financial aid assistance as an undergraduate student for the fall 2022 and spring 2023 semesters.  In order to determine your financial need, the FAFSA will ask questions about your family’s 2020 income.  We understand that many families have been impacted financially as a result of COVID-19 and have incomes that are much lower than what they earned in 2020.  If you feel your family falls into this scenario, the Office of Financial Aid encourages you to complete the FAFSA and also complete our Special Circumstance Appeal Form.

If you have any questions along the way, please contact the Financial Aid Office by email at financialaid@annamaria.edu or by phone at (508) 849-3366 or (800) 344-4586.

If you have any questions along the way, please contact the Financial Aid Office by email at financialaid@annamaria.edu or by phone at (508) 849-3604 or (800) 344-4586.

More Information

Undergraduate Financial Aid
Graduate and Continuing Education Financial Aid
Satisfactory Academic Progress
Financial Aid Terms and Definitions
FAQs

Undergraduate Financial Aid

Full-time day undergraduate students in a Bachelor’s Degree program are required to complete  the Free Application for Federal Student Aid (FAFSA) if applying for need-based or Federal/State aid. The FAFSA determines a student’s need for financial aid by examining the family’s income and assets. 

Before completing the FAFSA, it is important to register for a username and password for both the student and parent at http://studentaid.gov/. Include Anna Maria College’s school code #002117 to ensure information is sent to Anna Maria electronically. This username and password will be used every year. The FAFSA can also be filed using a paper application. To request a paper application, call the Federal Student Aid Hotline at 1-800-4FEDAID.

Graduate and Continuing Education Financial Aid

There are three steps necessary for Graduate and Continuing Education students who wish to receive financial aid. They are:

  • Be formally accepted into a program of study
  • Complete the Free Application for Federal Student Aid (FAFSA) for Federal, State, or need-based aid.  Note that you must be enrolled at least half-time (two courses/six credits) per semester for undergraduates; (one course/three credits) per semester for graduates, in order to be eligible for financial aid.

 Before completing the FAFSA, it is important to register for a username and password for both the student and parent at https://studentaid.gov/. Include Anna Maria College’s school code #002117 to ensure information is sent to Anna Maria electronically. This username and password will be used every year. The FAFSA can also be filed using a paper application. To request a paper application, call the Federal Student Aid Hotline at 1-800-4FEDAID.

Satisfactory Academic Progress

In order to maintain financial aid eligibility, students are required to meet the academic standards as outlined in our Satisfactory Academic Progress Policy. Please refer to the links below for more information.

Undergraduate Satisfactory Academic Progress Policy

Graduate & Continuing Education Satisfactory Academic Progress Policy

Financial Aid Terms and Definitions

Cost of Attendance (COA)

The estimated cost of attending this institution for one academic year. This amount includes the following:

  • Expected charges for one year of tuition and fees
    • Tuition – Charges assessed for classes
    • Fees – Charges assessed for other College services
  • Room and board
  • Estimated living expense — allowance for rent, utilities, and food for off-campus living
  • Estimated transportation costs
  • Estimated books and supplies
  • Miscellaneous costs

Direct Costs

Expenses the student/family pays to the College.

Satisfactory Academic Progress (SAP)

In order to be eligible for financial aid at Anna Maria College, a student must maintain SAP (Satisfactory Academic Progress). All students are evaluated for academic progress on an annual basis, after spring semester grades are posted, for financial aid purposes. The Federal Government requires that students be evaluated both quantitatively and qualitatively. Click here for the full Undergraduate Policy and Appeal Form, and the Graduate & Continuing Education Policy and Appeal Form.

Educational Loan

A form of financial aid that must be repaid with interest. Educational loans have varying interest rates and repayment terms. Students and/or parents are required to sign a promissory note when accepting an educational loan.

Student Loan

Funds awarded to the student that must eventually be paid back to the lender by the student.

Federal Direct Student Loan

Loan funds provided to the student by the U.S. Department of Education, through the school. Repayment of principal begins six months after the borrower ceases to be a student on at least a half-time basis. The Free Application for Federal Student Aid (FAFSA) is the annual application. There are two types of Federal Direct Student Loans: subsidized and unsubsidized. Students with financial need can qualify for a subsidized loan, and the government pays the interest on the loan while the student remains enrolled at least half time. Students who don’t demonstrate financial need qualify for an unsubsidized loan and interest accrues while the student is in school.

Federal Grad PLUS Loan

Loan funds provided to graduate students by the U.S. Department of Education, through the school. This federal loan program allows graduate students with no adverse credit history to apply for up to their Cost of Attendance each year, less any financial aid. To be eligible, the student must be enrolled at least half time in an eligible program of study and first borrow the maximum allowable through the Federal Direct Student Loan program. Repayment of principal and interest begins 30 to 60 days after the loan is fully disbursed with deferment and forbearance options available.

Private (Alternative) Loan

A loan from a commercial, state-affiliated or institutional lender used to pay for up to the annual cost of education, less any financial aid received. Private loans usually require the applicant to be creditworthy or have a co-signer and have varying interest rates, fees and repayment options. Repayment of interest (and often principal) generally begins immediately, with some lenders offering deferment options for in-school periods.

Federal Parent Loan (PLUS)

A federal loan program that allows parents who have no adverse credit history to apply for up to the Cost of Attendance each year, less any financial aid. PLUS loans must be repaid with interest. 

Enrollment Level

Level of the degree-granting program in which a student is enrolled. Basic levels of enrollment include: undergraduate (students seeking an associate’s degree, a certificate, or a baccalaureate degree); post-baccalaureate (such as teacher certification); graduate (students working on a master’s degree or professional degree); and post-graduate (such as students enrolled in a doctoral program). The amounts and types of financial aid a student is eligible for is determined, in part, by their enrollment level.

Enrollment Status

Academic workload (or course load), as defined by the institution, that a student is carrying for a defined academic period. This normally relates to the number of credit hours or clock hours taken by a student during a given academic period. For most traditional undergraduate term-based schools:

  • Full-time status = at least 12 credit hours
  • Three-quarter time status = at least 9-11 credit hours
  • Half-time status = at least 6-8 credit hours.

Expected Family Contribution (EFC)

A measure of how much the student and his or her family can be expected to contribute to the cost of the student’s education for the year. The EFC is calculated according to a formula specified in the law and is based upon the information provided by the student and his or her family during the FASFA filing process.

Federal Pell Grant

A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need and have an Expected Family Contribution below a threshold designated annually by the U.S. Department of Education, based on the amount of program funds appropriated by Congress.

Federal Work-Study (FWS)

A program that provides part-time employment to students attending institutions of higher education who need the earnings to help meet their costs of postsecondary education and encourages students receiving FWS assistance to participate in community service activities.

Grant

Gift aid awarded to the student that does not need to be repaid. Grants are typically based on financial need.

Net Cost

Amount of direct and indirect costs remaining after all gift aid (scholarship and grant) is subtracted.

Scholarship

Gift aid awarded to the student that does not need to be repaid. Scholarship awards are typically based on merit or a combination of merit and need, such as academic excellence, talent, affiliation with various groups, or career aspirations.

Verification

Process to confirm the accuracy of data provided by the applicant on the FAFSA. In order to complete the verification process, students are required to provide certain documents to the school for review.

FAQs

When can I apply for financial aid?

Students can file for financial aid by completing the Free Application for Federal Student Aid (FAFSA) beginning Oct. 1. The FAFSA is available at https://studentaid.gov.

How does this benefit me?

You no longer need to estimate your tax information on the FAFSA, as you will use your 2020 tax return information. Because you’ll already have done your 2020 taxes by the time you fill out your 2022-23 FAFSA, you can easily enter the data from your tax return into the FAFSA. Or, you may also be eligible to use the IRS Data Retrieval Tool (DRT) where you can have your tax information imported directly into the FAFSA. Also, completing the FAFSA earlier will give you more time to explore your financial aid options.

Why does it matter?

Students can now apply for financial aid at the same time they submit any admission applications, due before Jan. 1, 2022. This includes Anna Maria Early Action 1 deadlines.

When should I file?

Anna Maria College encourages new first year students to file the FAFSA before April 1. Transfer students should submit the FAFSA before July 1.

When will I receive my financial-aid offer?

In order to receive the earliest possible notification of your financial aid offer, please submit your FAFSA no later than the admission application deadline you have chosen.

What is a merit-based scholarship?

Merit-based scholarships are based on a holistic review of a student’s admission record. Notification of scholarship awards are included with acceptance materials.

What is need-based financial aid?

Need-based grants, loans and work programs are available from the federal and state government and Anna Maria College own sources. To apply, students must complete the FAFSA, available at https://studentaid.gov.

What is the process for transfer students?

Transfer scholarships are awarded at the time of acceptance  with the admission decision.  To apply for need-based consideration, including federal and state grants, loans and work programs, applicants must file the FAFSA, available online at https://studentaid.gov.