Financial Aid Application Deadlines
Undergraduate, Graduate, and Continuing Education
Incoming Students: Priority Filing Date March 1
Returning Students: Priority Filing Date March 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 2023-2024 FAFSA, you will be applying for financial aid assistance as an undergraduate student for the fall 2023 and spring 2024 semesters. In order to determine your financial need, the FAFSA will ask questions about your family’s 2021 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 2021. 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 are applying for the fall semester of 2023, the Special Circumstances form will be available for submission on our website after February 1
More InformationUndergraduate Financial Aid
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.
Financial Aid Terms and Definitions
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
Expenses the student/family pays to the College.
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.
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.
Funds awarded to the student that must eventually be paid back to the lender by the student.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Gift aid awarded to the student that does not need to be repaid. Grants are typically based on financial need.
Amount of direct and indirect costs remaining after all gift aid (scholarship and grant) is subtracted.
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.
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.
You no longer need to estimate your tax information on the FAFSA, as you will use your 2021 tax return information. Because you’ll already have done your 2021 taxes by the time you fill out your 2023-24 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.
Students can now apply for financial aid at the same time they submit any admission applications, due before Jan. 1, 2023. This includes Anna Maria Early Action 1 deadlines.
Anna Maria College encourages new first year students to file the FAFSA before March 1. Transfer students should submit the FAFSA before July 1.
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.
Merit-based scholarships are based on a holistic review of a student’s admission record. Notification of scholarship awards are included with acceptance materials.
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.
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.