Applying for Financial Aid
Applying for financial aid is easier than you may think. Below are Application Guidelines, by program of study and semester, to assist you with the application process. Keep in mind you will be required to reapply for financial aid each year.
Your financial aid file cannot be processed until all application requirements have been met. To ensure you submit all required applications and documents, please use the Application Guidelines below as a checklist.
After you have submitted all required documents, and your financial aid file has been reviewed, you will be sent an Estimated Award Notification Letter. It is recommended that you submit your applications as early as possible to allow ample time (at least 6 to 8 weeks) for your financial aid file to be processed by the start of the semester for which your are seeking financial assistance.
Direct Deposit for Financial Aid Refunds
Any funds applied to your student account in excess of your tuition, fees, and other direct costs will be refunded to you via Direct Deposit to your personal bank account within 15 days of the funds being received by the University’s Student Accounts Office. If you are requesting financial aid funds in excess of your anticipated costs, you will be required to complete a Direct Deposit Form at least 15 business days in advance of receiving your refund. To complete the Direct Deposit Form, please go to www.stu.edu/BobcatEnrollmentCenter
, select Forms and select the Direct Deposit Form. You will need to provide the name of your financial institution, along with their routing number and your personal account number. Should your bank information change, you will need to submit updated Direct Deposit information to the University by submitting a Direct Deposit Change Form. For assistance, please contact the University’s Bobcat Enrollment Center at (305)474-6900.
Completing your financial aid forms correctly and submitting them by the priority deadline increases the probability that your financial aid file will be processed and your funds will be available by the start of the semester for which you are seeking assistance.
Take the time to read all materials carefully, and be sure you understand the terms and conditions of the financial aid you are applying for. Read application instructions carefully to avoid mistakes or delays in the processing of your financial aid file.
If additional information is requested of you by the Federal Processor, the Office of Financial Aid, or your loan provider, respond as quickly as possible. A delay in your response will cause a delay in the processing of your financial aid file and may lead to loss of eligibility in some cases, especially if you miss a deadline.
If you think you’ve submitted all required documents and haven’t heard from the Financial Aid Office in a while, follow up. There may be something wrong with your application, or the Financial Aid Office may not have your correct contact information. You can check the status of your financial aid file online by using MyBobcat (WebAdvisor).
Keep Good Records
It’s strongly recommended that you create a file for all your financial aid documents. Keeping copies of your applications and maintaining organized records of any correspondence you receive while you are in school will help you keep track of your financial aid information and make it easier for you to manage your student loans when it comes time to enter repayment.