You must apply for financial aid every year by submitting a FAFSA application. Applications must be received before March 2nd at the central processor to be considered for priority funding. You may apply for aid on line after October 1st for the following academic year. Below are a few of the issues that may affect you as a continuing FPU student and financial aid recipient.
Yearly Loan Limits
If you have been awarded a federal loan, you are eligible for additional federal loan funding as you progress through school. Depending on your credits and class standing, you will be able to receive different loan amounts. Below are the credit requirements and loan amounts:
| Class Standing | Credits | Loan Limit (Dependent) | Loan Limit (Independent) |
|---|---|---|---|
| Freshman | 0-29 | $5,500 | $9,500 |
| Sophomore | 30-59 | $6,500 | $10,500 |
| Junior/Senior | 60+ | $7,500 | $12,500 |
If you change class standing in either fall or spring semester, you may request that your loans be increased for the current academic year. Contact your Student Financial Services for review.
Satisfactory Academic Progress
As a financial aid recipient, you have a responsibility to maintain satisfactory academic progress toward your degree. You must meet the requirements outlined in the Satisfactory Academic Progress Policy to receive federal/state financial aid at Ï㽶ÊÓƵ¹ÙÍø.