However, to ensure that aid is awarded in a timely manner and is available at the beginning of each term, students should adhere to the following priority application deadlines. Students applying for need-based and non-need-based assistance must submit the documents listed below by March 1 for the fall term/academic year; November 15 for the Spring term.
- Free Application for Federal Student Aid (FAFSA)-This form is required to apply for financial aid from federal student financial aid programs. The UNH school code is 001397. Students can complete the FAFSA on the Internet at fafsa.ed.gov, or via the link on the UNH financial aid website.
- Verification- A student may be selected for a process called verification by submitting the FAFSA. Selected students are required to submit a signed and completed verification worksheet (provided by the University) and a copy of their IRS tax transcript (and those of their spouses, if applicable) if they do not utilize or are unable to utilize the IRS Data Retrieval option when completing their FAFSA.
- Additional Information-Other forms and documents may be requested by the Financial Aid Offices as the aid application is reviewed.
Financial Aid Refund Policy
Students who withdraw from courses prior to the end of the fifth week of the term may be entitled to a full or partial refund of tuition charges. Refunds of charges and financial aid are based on the institutional refund policy, as described in the academic policies section of the University catalog, and on the Return of Title IV Funds calculation, as required by Section 484B of the Higher Education Act. Federal regulations require that any unearned Title IV aid be returned to the program(s) that provided the funds.
Return of Title IV Funds
- Determine the student’s official withdrawal date as documented in the Registrar’s Office. The withdrawal date is used to determine the percentage of the payment period completed and, therefore, the amount of aid a student earned. Students who have completed more than 60 percent of the term are not subject to the federal calculation.
- Determine the amount of aid earned by the student. The University calculates earned aid by multiplying the total aid disbursed or which could have been disbursed (excluding Federal Work Study) by the percent of the payment period the student completed.
- Make a post-withdrawal disbursement if less aid has been disbursed than a student has earned. The University notifies the student in writing within 30 days of the withdrawal date if a post-withdrawal disbursement is available. The student payday loans Belmont North Carolina must respond within 14 days of notification in order to receive the funds. The student may accept all or part of the post-withdrawal disbursement. If more aid was disbursed than earned, then the University, the student, or both must return all unearned aid in a specific order:
Students are responsible for repaying all unearned aid a school is not required to return, as well as any balance created on their University bursar account by the application of the Title IV return of funds formula. The University notifies the student in writing within 30 days of determining an overpayment. Students must repay as follows:
- Loans – repayment according to terms of the loan
- Grants – repayment is 50 percent of unearned grant.
- Repay in full.
Students who fail to take positive action to repay their grants are reported to the Department of Education and the National Student Loan Data System (NSLDS) immediately after the 45-day period has elapsed. Additional information and examples of refund calculations are available in the Financial Aid Office.