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The priority deadline is March 10th 11:59 PM each year to be eligible for any Indiana state aid. If you file your FAFSA after the deadline, you will still be eligible for federal aid, but not Indiana state aid.
Additionally, if you have any corrections that you must make to your FAFSA, you must do so by May 15th each year to keep your eligibility for Indiana state aid.
In many cases, no. The federal government has set specific criteria that determines a student's dependency status.
You must meet at least one of the criteria above to be automatically considered to be an independent student. In some extreme or unusual situations, a Dependency Appeal can be completed with the Financial Aid Office. Contact us to meet with a Financial Aid Counselor.Back to top
Please call the Financial Aid Office (260-481-6820) or visit the Financial Aid Office in Kettler Hall room 102 for information on your options.Back to top
If you haven't received a Student Aid Report (SAR), you can check the status of a submitted FAFSA by calling the Federal Student Aid Information Center at 1-800-433-3243 (toll free).
If you have already been admitted to IPFW, you can check if IPFW has received your FAFSA or if you have any outstanding requirements by logging on to myIPFW and clicking on the Enrollment tab. The Financial Aid Requirements box will indicate if your FAFSA was received and if you have documentation that you must submit to the Financial Aid Office.Back to top
The first step in awarding your financial aid is to calculate what your costs will be for the academic year. This is called your Cost of Attendance (COA), also called your budget. You can find out what comprises your Cost of Attendance on the Cost of Attendance Page page.Back to top
Students accept their financial aid awards online on myIPFW.Back to top
You must be enrolled full time (minimum 12 credit hours) to receive the Frank O'Bannon Higher Education Award, and for 21st Century Scholars.
The Pell grant is prorated for the amount of credit hours you are enrolled in. To receive the maximum amount of your Pell grant, you must be enrolled full time (minimum 12 credit hours).
You must be enrolled at least half time (minimum 6 credit hours) to receive student loan funds.
Once your financial aid funds are received, it pays to your student account. Once your balance is satisfied, any aid left over will be refunded by the Bursar's Office for you to use as needed for your education and living expenses. You can opt to have your refund direct deposited into your bank account, or you can choose to have a paper check mailed to your home address.Back to top
Prior to the beginning of a semester, financial aid will begin disbursing the week before classes start. Refund checks will be generated and mailed to your home address later in the week. Please note: you cannot pick up your check at the Bursar's Office during this time. Also, if you want to have your refund direct deposited, you must set it up on myIPFW before disbursements begin, it is not an available option during disbursement week.Back to top
Yes, the bookstore credit is available beeginning 5 weeks before classes begin. You can use up to $700 of your expected financial aid refund. If you need more than that, you will have to wait until after you receive your refund check.Back to top
If you were awarded Stafford loans, you must accept them on myIPFW. If this is the first time you are borrowing Stafford loan funds at IPFW, you must also complete the Pre-Loan Requirements (Entrance Interview and Master Promissory Note).
For private (alternative) loans, your lender will be able to tell you when your loans will pay out.Back to top
Dropping one or more classes during the semester could affect your aid. The only way a withdrawal's impact can be determined is to contact the IPFW Financial Aid Office
Switching a credit class to audit means that class will no longer count towards your credit hour total. For example, if you enrolled in 6 credit hours and change one of your classes to audit, you will drop below the minimum credit hour requirement to defer your federal loans. If you enrolled in 12 credit hours and changed one class to audit, you will drop below full time status and you may lose any Indiana state grants, like the Higher Education Award.
If you withdraw from all of your classes, some or all of your aid may be returned to the government. This is called Return of Title IV Funds. After you withdraw, the Financial Aid Office will determine your last date of attendance and calculate how much of your financial aid you did not earn by staying in classes. You will then have to repay that amount to IPFW.
You should know that an approved 100% Fee Refund appeal will stop the Financial Aid Office from returning your financial aid funds. Federal regulations require us to return aid from students who stop attending during the semester.
Federal guidelines mandate that students must maintain performance standards to be eligible for financial aid funds. This is called Satisfactory Academic Progress, or SAP.
If you do not meet the minimum standards, you will be placed on SAP Probation. If your performance doesn't improve, you will be placed on SAP Suspension and you will lose your eligiblity for federal and state aid until you appeal your suspension and it is approved.