financialInfo

Student Financial Aid

Sparks Hall
1st floor, Suite 102
Telephone: 404-413-2600
Fax: 404-413-2102
Web: sfs.gsu.edu
Office Hours: 8:30 a.m. – 5:15 p.m. Monday – Friday

The Office of Student Financial Aid provides financial assistance to students who, without such help, would be unable to attend Georgia State University. The university believes that the principal responsibility for financing a college education lies with the student and the family. A student who needs financial assistance is expected to contribute by working or borrowing a reasonable portion of the funds needed to meet expenses. The student’s family is expected to make a maximum effort to assist in the payment of the expenses involved.

Financial aid is any grant, loan, part-time employment or scholarship offered for the purpose of helping a student meet their educational expenses. This aid is usually provided by federal, state, institutional or private agencies. To apply, a student must complete the Free Application for Federal Student Aid (FAFSA) or the Renewal Application. Students are encouraged to apply online at www.fafsa.ed.gov.

Recipients are selected on the basis of demonstrated financial need and academic achievement. Information concerning application for financial assistance is available from the Office of Student Financial Aid. Students may apply for Federal Student Aid for the next year beginning January 1. Students are urged to apply early for optimum financial aid benefits at www.fafsa.ed.gov. There is an application priority date of April 1 for submission of completed financial aid applications to the Office of Student Financial Aid.

In order for a Georgia State University student to continue to receive financial aid from federal or state financial assistance programs, the student must exhibit satisfactory academic progress. Georgia State University’s policy for determining satisfactory academic progress is available in the Office of Student Financial Aid and also on the financial aid website.

Types of Financial Aid

Various types of aid are offered through Georgia State University. Please feel free to contact the office with any questions you may have concerning your particular award. For further information regarding financial aid, refer to the financial aid website at www.gsu.edu/financialaid. The following types of aid are available:

Federal Pell Grant
These awards are available until you earn your first undergraduate degree. Eligibility is determined by the federal government based on family income and resources. Actual awards will be calculated upon registration and based upon actual hours attempted.

SEOG/IMG
All recipients must be in a degree-seeking program working toward a first baccalaureate degree. Priority is given to Federal Pell Grant recipients. Funds for Supplemental Educational Opportunity Grants (SEOG) and Institutional Matching Grants (IMG) do not have to be repaid.

HOPE
The HOPE Scholarship is funded by the Georgia Lottery for Education and is available only to degree-seeking undergraduate students who meet the definition of a Georgia Resident for HOPE Scholarship Purposes.

  • Eligibility
    In all cases, a student must be a U.S. Citizen or an Eligible Non-Citizen and meet the requirements to be classified as a Georgia resident according to University System of Georgia (USG) in-state tuition policy for either 12 or 24 consecutive months immediately prior to the first day of classes of the school term for which the HOPE Scholarship is sought.
  • Award Amounts
    Tuition
    Percentage (%) of tuition to be paid will be determined annually.
    Percentage for academic year 2011-2012 will be 87% of tuition for 15 hours at Georgia State University. Actual HOPE payments will be made on a “per credit hour” enrolled basis rate of $212.10. Fees
    Effective Fall 2011, mandatory fees and fee increases are not covered by the HOPE Scholarship.
  • Book Allowance
    Effective Fall 2011, the book allowance has been eliminated.

Scholarships 
A scholarship is a form of non-repayable financial assistance awarded to students based on academic excellence, civic achievements, course of study, or other specific criteria developed by the sponsor.

As financial aid is applied to a student’s account, it pays billed charges in specific ways. Some types of financial aid pay down charges in the order applied. Other aid has strict requirements. State law requires that the Hope Scholarship only pay required fees like matriculation and mandatory fees.

How outside agency or scholarship donor checks are treated depends on a variety of factors. If the check does not require the student’s endorsement, the funds will be posted to the student’s account; if fees are paid in full, a residual check will be mailed to the student. A co-payable check will be released by mail to the student if fees are paid in full, and if fees are unpaid, the student will be notified to endorse the check.

Direct Loans
Federal Direct Student Loans are a way for students to borrow money from the federal government to pay for an education after high school. Under this program, the U.S. Department of Education makes loans directly to students through their schools. Direct loans simplify the loan process and eliminate the need for an outside lender such as a bank. Direct loans make loan repayment much easier, as payments go directly to the federal government.

The kinds of loans available under the direct loan program are Federal Direct Stafford loans, Federal Direct Unsubsidized Stafford loans and Federal Direct PLUS loans. The Office of Student Accounts applies all loans awarded directly to any outstanding student fees and then issues the remainder directly to the student. Refer to the Student Accounts website under the tuition and fees section for specific information regarding disbursement dates.

Students who borrow Federal Direct Student Loans are required to complete a Master Promissory Note (MPN) online at http://dlenote.ed.gov. In order to complete an MPN you will need your Personal Identification Number (PIN) that you used to electronically sign your FAFSA and two references with two different U.S. addresses. If you do not have your PIN, you will need to request one at www.pin.ed.gov.

  • Loan counseling
    All Federal Direct loan recipients are required to have entrance counseling before receiving their first disbursement at Georgia State. Loan funds will not be released or credited to a student’s account until entrance counseling is completed. A student may receive loan counseling online at http://dlenote.ed.gov.

Disbursement/Refunds

The Office of Student Financial Aid applies aid to each student’s account. The Office of Student Accounts disburses any remaining funds to the student in the form of a check, or funds are directly deposited into the student’s account unless there is an administrative hold on the record. Funds exceeding student institutional costs (tuition, fees, housing, etc.) will be mailed or directly deposited into the student’s bank account during the second week of classes, after drop/add registration.

For direct deposit, students must enter their bank account information in PAWS, and then click onto the Student Accounts menu.

Note: Please visit the Office of student accounts website regarding disbursement schedules listed for each semester under the tuition and fees section.