Your Financial Aid
Once the financial aid application is reviewed, your aid eligibility is posted up to the estimated Cost of Attendance (COA). The student may view their aid eligibility on Self-Service. However, each student MUST log into the Financial Aid Portal in order to accept, reduce, or decline federal student loans. Additional documents may need to be completed, depending on which aid the student decides to accept.
Aid will be revised based on changes in eligibility, notification of additional funds, and/or requests for reductions or allowable budget increases from the student. In the case of an overaward, leftover aid will be reduced by the amount of the overaward. Any other aid revision, including, but not limited to, COA increases and adjustment to estimated family contribution will be considered on a case-by-case basis. The student will need to provide applicable documentation when requesting a revision. Contact the Financial Aid Office to discuss an aid revision and start the process.
Rights and Responsibilities
- Complete the Free Application for Federal Student Aid (FAFSA) annually.
- Use your legal name, social security number, and birth date for both the FAFSA and admission application.
- Keep your address and phone number updated with PNWU.
- Read and respond in a timely manner to any correspondence from the Financial Aid Office.
- Inform the Financial Aid Office, in writing, if you receive additional financial resources from other agencies or private sources, such as scholarships.
- Complete all required loan documents.
- Complete required loan counseling.
- Give written notice and return unwanted loan funds to the Financial Aid Office within 14 days of disbursement.
- Keep your Federal PIN, Student Aid Report (SAR), promissory notes, disclosure notices, and other financial aid documents in a safe place.
- Make satisfactory progress towards your degree.
- Begin repayment on your loans at the end of your grace period.
- Complete all deferment and forbearance requests in a timely manner.
The Financial Aid Office authorizes fund disbursement in accordance with all statutory provisions of or applicable to Title IV of the HEA. Students will be notified when loan funds will be disbursed to their student accounts no earlier than 30 days prior and no later than 30 days after the anticipated disbursement date. The notification will include the amount of the disbursement, the right to cancel all or part of a loan, and the time frame in which to do so.
Prior to funds being authorized for disbursement, the following items will be checked for completion and recorded:
- Satisfactory academic progress
- Enrollment at least half-time
- Loan promissory note(s)
- Required financial aid counseling session(s)
- Student has reviewed financial aid offers on the Financial Aid Portal, and has either accepted/reduced/declined each federal student loan offer.
- Funds will be disbursed directly to the student’s account in PowerCampus by the Finance Office up to five days prior to the first day of class. Any credit balance will be released to the student (EFT Direct Deposit) as soon as possible, but no later than three days after disbursement. Federal student loans require at least two disbursements of equal amounts. Loan funds will be disbursed at the beginning of each semester, or at the beginning and midpoint if the student is only attending one semester.