FAQ: Financial Aid Offer
What is a financial aid offer?
A financial aid offer lists the types and amounts of financial assistance that you are qualified for based on your FAFSA. Letters are mailed out by the Office of Financial Aid and are viewable in the student portal in “My Financial Aid” under the Awards tab. Your financial aid offer includes “Next Steps” instructions that will allow you access to your financial aid information on our website.
When will I get my financial aid offer?
Initial offer letters are usually mailed mid-December through mid-January and are mailed on a regular basis for the remainder of the packaging period. It can take a few weeks after you submit your FAFSA for us to process your aid eligibility and prepare an offer.
What do I do if I don’t get a financial aid offer?
To check on the status of your offer, e-mail email@example.com.
Will my awards change if I’m not full-time?
Yes, all aid offers are based on your full–time semester enrollment of 12 hours or more. Traditional undergraduate students are full-time at 12 or more hours. Graduate students, refer to your program information to verify full time hours. If you drop below full–time status, grant and loan amounts may change. Check with the Office of Financial Aid staff to determine how changing your class load may affect your financial aid.
Do I have to accept the loans on my financial aid offer?
No, you can accept or decline the aid offered to you by clicking the “Accept Awards” tab on your My Financial Aid page.
Can I change my aid after accepting or declining it?
Yes. You can change aid to accepted or declined any time by contacting your Financial Aid Counselor. Please be aware, all requests to receive a loan will need to be made prior to the last day of classes for the semester.
What is the deadline to accept my aid?
The priority deadline to accept your aid is May 1.
What is the difference between grants, scholarships, work study, and loans?
Grants are awarded funds that do not have to be repaid. Most grants are awarded based on financial need.
Scholarships are awarded for superior performance in various areas. Find a scholarship at Evangel University or search for an external scholarship to find awards that may not need to be repaid.
Loans are funds that need to be repaid. These include Direct, EUSL, PLUS, and private loans.
Federal Work-Study provide students opportunities to obtain employment for a specified number of hours on campus or in the community and awarded based on financial need.