Spring 2016 Financial Aid FAQ’s
- What type of funding is available for the Study Abroad program?
- Federal Student Aid (Eligibility/amount of aid determined by completing the FAFSA at www.fafsa.ed.gov)
- Parent Plus loan (Federal loan for parents) Apply at www.studentloans.gov.
- Alternative/Private loans (Interest rates and loan terms vary by lender. More information)
- Your resources
- How much financial aid can I use for the Study Abroad program?
The total amount of your financial aid package cannot exceed the cost of the trip (approximately $10,500 - $11,000).
- What if I have used some of my financial aid for the fall term?
The amount of aid you used for the fall term is subtracted from the total aid you have for this academic year to determine the aid available for the Spring 2016 term. If you do not have enough financial aid remaining to cover the cost of the trip, you will need to apply for an alternative/private loan, use your own resources, etc.
- When will my financial aid be applied to my DMACC student account for the Spring term?
Federal regulations require that financial aid cannot be applied to your DMACC student account until ten days before the term begins.
- What if I am planning to take summer classes?
If you are a full-time student for the Fall 2015 and Spring 2016 terms, you will not have any remaining federal financial aid for Summer 2016 (assuming you have already used all of your federal aid). You could apply for an alternative loan or use a payment plan for the Summer term.
- What are my next steps?
- File a FAFSA (www.fafsa.ed.gov) for 2015-16 if you have not already done so.
- Set up an appointment to meet with Barb Badger, Financial Aid Advisor to discuss specific questions about your financial aid package for Spring 2016. Barb's contact information is:
Ph. 515-965-6887; Email: email@example.com