Dacc Financial Aid Office (2024)

FAQs

How to negotiate with college financial aid office? ›

Explain the difficulties you are having meeting your needs. Describe changes in your life that have affected your ability to pay for college. For example, changes in your family's income or unexpected expenses may have caused a financial deficit. Provide evidence that you can handle your finances responsibly.

If you submitted your Free Application for Federal Student Aid (FAFSA^®) form, you can expect the U.S. Department of Education (ED) to process your form based on the method of submission: Forms submitted electronically are processed within one to three days. Paper forms are processed within 7–10 days.

Explain that your financial situation has changed and ask that your family be reconsidered for need-based aid on account of those special circ*mstances. Do this right away, as it may take your school's financial aid office up to several weeks to process the appeal and revise your FAFSA form accordingly.

Need based grants examples include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG) and state-based grants. In other words, always say “yes” to grants if your child receives them on the financial aid award! However, check into the requirements for the grant.

Body: Your financial situation and hardships

Make sure you describe your parents' occupation, any savings (like a 529 College Savings Account), and any student jobs. You might also discuss any sudden changes in fortune (e.g. parent fell ill or lost their job) that have ruined your original financial plans.

Appeals aren't always successful —- my success rate for my clients is a little more than 50 percent. But by using these tips, you can increase your chances of success right from the start.

If you meet the conditions of your appeal, then your appeal approval will be extended to the next term within the same academic year. Appeals are only reviewed for one academic year at a time unless otherwise noted. Do SAP appeals usually get approved? Appeals are only accepted once, at the end of spring semester.

What happens if you are denied financial aid? ›

Request an aid adjustment.

Your school will review your request for an aid adjustment based on their specific policy, which is also called a professional judgment. Any decision by the school is final and can't be appealed to the U.S. Department of Education.

After you submit your FAFSA form online, you can check its status immediately by going to fafsa.gov and logging in with your FSA ID (account username and password). (Note: Only the student can check the status.)

Financial aid disbursem*nt dates vary by school, but are generally between 10 days before the start of the semester and 30 days after classes begin. Factors affecting financial aid disbursem*nt include the type of aid and your year in school.

If a student is not making satisfactory academic progress at the end of the term in which a warning was placed, the student may be placed on financial aid probation. Eligibility for continued financial aid under financial aid probation is measured in accordance with the established academic plan.

Once you start school, the financial-aid office is still at your disposal. You can still negotiate your financial package. You should visit your financial-aid office on campus if you or your family have had any changes in financial circ*mstances — such as losing a job.

Whether you've just made your final college decision or you're about to pack up for the dorms, it's never too late to appeal your financial aid decision. You can even request an appeal in the middle of the school year. Contact the financial aid office via phone call or letter; do not email.