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After Applying - Awarding |
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Once all of your information has been submitted and reviewed by our office, an Offer of Financial Assistance will be created for you, outlining the financial aid that you are eligible to receive for the specified academic year. Please pay close attention to the language contained in the financial aid award letter as it will provide important information about the paperwork and processes that are necessary to obtain certain sources of financial aid.
You do not need to submit additional information, such as tax forms, to the Office of Student Financial Services unless we specifically request this information. Should we need to request additional documents from you, we will indicate this to you in writing. You will also be able to check the status of documents under the Self-Service tab of myNEU. Click on "My Financial Aid Status" in the Financial Services box. Documents that have been requested will be shown under the "Your Documents" tab. |
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Awarding Policies |
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Accepting Your Award
We do not require that you officially accept your offer of assistance. We will assume that you accept the entire aid package unless you specifically notify us that you wish to decline all or part of the award.
Declining Your Award
Should you decide to decline any part of your award, we ask that you send an email to your financial aid counselor from your northeastern email address (@neu.edu) indicating the type of aid and amount you would like cancelled.
Reporting Outside Assistance
If you will be receiving any forms of assistance not listed on your offer (such as a scholarship from an outside organization), you need to notify us of this additional resource.
Reduction in Enrollment
Your Offer of Asistance is based on the expectation that you will be a full-time student (at least 12 credit hours). A reduction to your courseload may result in a reduction or cancellation of your aid.
Changes in Pattern of Attendance
If you change your planned enrollment, your financial aid may need to be adjusted. For example, a change from an in-school term to a co-op term would require a redisbursement of aid.
Aid Disbursements
Most aid is disbursed for in-class terms during which you will be assessed tuition charges. Exceptions include the Federal Stafford Loan, Federal Pell Grant, and state grants.
Satisfactory Academic Progress
Federal and state regulations require that you maintain a minimum of a 2.0 GPA and make continuous progress toward your degree. Merit-based scholarships require a higher GPA for renewed consideration (see your contract for specific information). |
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Obtaining Your Aid Funds |
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Federal Stafford Loans
In order for first-time borrowers to receive Stafford Loan funds, the online Federal Entrance Interview and Stafford Loan Master Promissory Note (MPN) must be completed. The Federal Entrance Interview is located on myNEU. The Stafford Loan MPN can be completed at www.dlenote.ed.gov.
Federal Perkins, Health Professions, and Nursing Student Loans
First-time borrowers are required to sign a Master Promissory Note (MPN) before any funds can be deposited into your student account. These documents will be sent to you to complete from the Student Loan Collections Office.
Student Employment
Students that has been offered Federal Work-Study must complete both an I-9 and W-4 with the Office of Student Employment. Required documents must be presented in person. Available positions can be researched on the Work Resources section of myNEU, located under the Self-Services tab. |
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