Financial Aid Award Acceptance

From the Director,

You are ready to accept your financial aid award, please carefully read the following stipulations and conditions listed below! It provides details on general eligibility requirements, as it relates to receiving financial aid. Please note that the below list, should not be construed as all inclusive, but serves as an informational guide to help better inform you about the financial aid process here at HU. In any event, we asked that you contact your financial advisor should you have additional questions concerning your financial award.

Attention Scholarship Recipients!

HU Admissions Scholarship Policy is as follows: The total financial package for students who receive scholarships through the Office of Admission and the Athletic Department; the sum total of all gift aid (i.e. grants, scholarships, stipends, and other assistance), regardless of source, cannot exceed the direct cost (tuition, fees, room and board) of education at the University. In such cases, the scholarship award will be reduced appropriately. All scholarship recipients are required to complete the Free Application for Federal Student Aid (FAFSA) application and apply for financial aid each academic year.

Your financial aid package is primarily intended to pay your direct, billable costs, first!

Customer service is very important to us!

By accepting your financial aid award, you agree that you have read and understand the following features listed on the financial aid website: Award Acceptance, Student News, Apply for Aid, Frequently Asked Questions (FAQ), Important Dates, and Financial Aid Advisors. In addition, listed below are some routine conditions that could adversely your financial aid award. To remain eligible for your award, you should be aware of the following terms and/or conditions:

• You are primarily responsible for knowing about your financial aid status, enrollment status, billing status, and you are directly responsible for all past due balances.
• You must report all financial awards for which you expect to receive from external sources to the financial aid office; Your total aid (e.g. private loans, and aid from external sources) cannot exceed the cost of education, as determined by the financial aid office; Your financial aid award is subject to adjustment should it be deemed necessary by the financial aid office;
• You must meet federal standards of satisfactory academic progress policy;
• Degree-seeking Virginia residents, enrolled full-time must complete and submit a Virginia Tuition Assistance Grant (VTAG) application by the July 31 deadline to be considered for award (domiciled residents only);
• You must be a degree-seeking student and enrolled full-time (generally) for all institutional aid programs;
• You must be a degree-seeking student and enrolled at least half-time in order to receive federal loans;
• Your financial aid will be prorated if you are mid-year/transfer student, you enroll for a single semester, or if you enroll less than half-time;
• Your financial aid could be subject to an adjustment should you completely withdraw from school or drop classes;
• You must complete entrance loan counseling (first-time recipients of federal loans at HU), and, you must complete exit counseling, if you withdraw, are enrolled less than half-time, or if you are scheduled to graduate;
• You must adhere to all deadline dates applicable to the processing of your financial aid (i.e. fall, spring and summer);
• You must contact financial aid should you decide to take courses outside of the university consortium (as determined by the Office of the Registrar);
• You must contact the Office of Student Accounts on all matters relating to costs, charges, fees, past due balances, refunds, and, posting payments; and
• Because Accelerated Education Program and HU Online students are allowed to register for multiple sessions within a given semester, financial aid funds are not disbursed to student accounts until AFTER the drop/add period of the second session. This is to ensure students are both charged and disbursed accurate eligible funds for a given semester.
• You must come prepared to pay for books, supplies and off campus expenses which may be incurred because of possible delays in the issuance of refunds.
• You must report any changes in name, address or student status immediately.
• You must reapply for financial aid each academic year.

By continuing and completing the award acceptance process, you accept and agree to abide by the terms and conditions of this agreement. HAMPTON UNIVERSITY RESERVES THE RIGHT TO CHANGE THE TERMS AND CONDITIONS OF THIS AGREEMENT WITHOUT PRIOR NOTICE.