Frequently Asked Questions
The name of your financial aid counselor is listed on the Student Aid Portal under the Messages tab.
You can view your Financial Aid Information on your Student Aid Portal.
The Student Aid Portal login is your 7-digit student ID number without the EC#. If you are accessing this portal for the first time select first time user and follow the prompts. If you forgot your password, click on the “Forgot Your Password.” Please keep in mind that three unsuccessful attempts at logging in will automatically lock your account and you will have to contact the Financial Aid office to unlock it.
After receiving your financial aid package, you must log into your Student Aid Portal and accept or decline your awards first.
Send us an email stating such, (vice versa if wanting to accept loans that were previously declined).
Should the Financial Aid Office require additional documents, students are contacted via email, mail and/or phone informing him/her of the documents needed. You can also see what documents are needed on the Documents tab on the Student Aid Portal.
Returning students will receive their Financial Aid Award notification during the summer prior to the fall term tuition due date. Accepted new students will receive their Financial Aid Award package beginning late fall once we receive a completed FAFSA.
One in three students whom complete the FAFSA are selected by the Department of Education for Verification. Verification is a process used to verify certain information on the FAFSA to ensure its accuracy. This is an additional step, which the institution must complete prior to disbursing the student’s financial aid. In order to complete the Verification process we would request a Tax Transcript, a Verification Worksheet, and/or other verification documents. If you are selected for verification, we will contact you directly and provide you with additional information as to what we would need.
Once you have accepted your Federal Student Loans (Subsided/Un-Subsided) and you are first time borrower, you must complete Loan Entrance Counseling and the Loan Master Promissory Note in order for those funds to disburse to your student account. Both requirements must be completed on www.studentloans.gov by logging in with your FSA ID (same login as the FAFSA). The Loan Entrance Counseling provides you with information to ensure that you understand the responsibilities and obligations of borrowing a Direct Stafford Loan. The MPN is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender/loan holder.
If the tax information that you entered in the FAFSA does not reflect the current financial situation for the student and/or family, contact the Financial Aid Office to discuss your circumstance with your Financial Aid Counselor.
Parents whom applied and are approved for the Parent PLUS Loan with or without an endorser must complete a Parent PLUS Loan MPN. Those approved with an Endorser must complete a new MPN for each new loan awarded.
Yes, the FAFSA for the upcoming academic year is available every October. For example, the 2018/2019 Academic year FAFSA will be available October 1 2017.
Yes. U.S. Government savings bonds are reported as assets for the individual in whose name the bonds were taken out.
The value of certificates of deposit should be reported as an asset on the FAFSA.
The value of a 529 plan owned by a dependent student or one of their parents is considered a parental asset on the FAFSA. Any 529 plan that is owned by the dependent student's parent is reported as a parent asset on the FAFSA. This includes the 529 plans for siblings.
Other 529 plans are not reported as assets on the student’s FAFSA, but distributions from such 529 plans are reported as untaxed income.
Any educational benefits paid because of student’s enrollment in postsecondary institution would need to be counted as estimated financial aid assistance. It is the policy of Elizabethtown College that outside scholarships, awards or grants will first be applied to unmet need which includes need based self-help awarded. If the total amount of outside scholarships, awards or grants exceed the unmet need, the College will reduce its institutional need-based gift aid (i.e. Trustee) dollar for dollar. If the student has not received any need-based gift aid, this policy does not apply.