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Student Rights: students applying for financial aid have the right to:
Student Responsibilities: students receiving financial aid must assume responsibility for maintaining their aid from semester to semester. Students are expected to:
REQUIRES FAFSA | REQUIRES FIN. AID APPLICATION | REQUIRES FULL-TIME ENROLLMENT | REQUIRES AT LEAST HALF-TIME ENROLLMENT | REQUIRES AT LEAST LESS-THAN-HALF-TIME ENROLLMENT | AVAILABLE DURING SUMMER | REQUIRES FEDERAL VERIFICATION | RENEWAL SUBJECT TO ACADEMIC PROGRESS CHECKS | |
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ARCADIA MERIT SCHOLARSHIPS |
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ARCADIA UNIVERSITY GRANTS |
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FEDERAL PELL GRANT |
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FEDERAL DIRECT STAFFORD LOAN |
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FEDERAL DIRECT PARENT PLUS LOAN |
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PA STATE GRANT |
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Arcadia University Enrollment Management Staff are committed to offering students choice when it comes to the student loan selection process. While Arcadia University works in cooperation with four or more lenders, students are free to select the lender of their choice but are advised to research loan terms (interest rate, rebate incentives, fees, deferment and repayment terms, etc.) when making said selection. The Arcadia Lender Selection Committee chooses four or more lenders annually on the basis of:
As such, the selection of these lenders is based solely on the best interests of the students/parents who attend the institution and Arcadia University receives no monetary remuneration for working in cooperation with these lenders.
In keeping with The Student Loan Sunshine Act, staff members in the Office of Enrollment Management abide by the NASFAA (National Association of Student Financial Aid Administrators) Statement of Ethnical Practices. As such, no staff member:
Arcadia University requires all staff members within the Enrollment Management Office to complete a conflict of interest statement as well. Staff who knowingly fail to follow the guidelines of this document, or any of the guidelines listed above, will be subject to normal disciplinary guidelines.
Verification is a requirement of the U.S. Department of Education and is the process of confirming information submitted on the FAFSA. Students are responsible for submitting requested information to complete the verification process no later than 45 days before the last day of the student’s enrollment. Federal student aid (including Federal Pell Grant, Direct Loans & Direct Parent Loans) is considered estimated and will not be credited to the student’s account until verification is complete.
Adjusted Gross Income
U.S. income tax paid
Number of family members in the household
Number of family members enrolled in post-secondary schools at least half time
Untaxed income
Any other conflicting information.
Students are notified in writing by the Financial Aid Office of the documents need to complete verification, and the following documents are those generally required to complete the process:
IRS Data Transfer of tax information or signed copy of student’s federal income tax return from the prior, prior year (two years ago)
IRS Data Transfer of tax information or signed copy of parents’ federal income tax return from prior, prior year (two years ago for dependent students)
If applicable signed copy of spouse’s income tax return for prior, prior year (two years ago for married independent students)
W2’s
Statement of Non-Filing from the IRS
Verification Document
Upon receipt of the verification documents, the school will compare the information on the submitted documents with that on the FAFSA. If discrepancies are revealed, the school will make the corrections, which could result in a change in aid eligibility. The school will notify the student in writing of any changes in eligibility due to verification within one week of completing the verification process.
The school will cease processing federal student aid for students who fail to submit the required verification documents before the deadline.
If a student is selected for verification after federal student aid funds have already disbursed, the school will withhold all future disbursements of federal student aid until verification is complete. If verification results in the student’s ineligibility for aid that has been previously disbursed, then the student is responsible for repaying aid that he/she is not eligible for. The school will notify the student in writing requesting full payment of the overpayment of aid he/she is not eligible for. Any student in an overpayment status who fails to repay the overpayment or make satisfactory repayment arrangements will be reported to the U.S. Department of Education and/or to the National Student Loan Data System (NSLDS) and remain ineligible for further federal student aid until the overpayment is resolved.