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Akron - FAQ'S
Here you will find answers to some of the most commonly asked questions about financial aid. Please contact an if you need clarification or have further questions.
How do I know if I’m eligible for Financial Aid through Herzing University?
You are eligible if you meet the following criteria:
- You are a citizen or eligible non-citizen.
- You have a valid social security number (unless you are from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau).
- You are registered with the selective service if you are male, age 18-25. If you have not yet registered, go to http://www.sss.gov/ for more information.
- You have a high school diploma, GED, or pass an exam approved by the U.S. Department of Education.
- You are enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program at a school that participates in the federal student aid programs.
- You do not have a drug conviction for an offense that occurred while you were receiving federal student aid.
- You must not owe a refund on a federal grant or be in default on a federal student loan.
- You must demonstrate financial need (except for unsubsidized Stafford Loans).
How soon before enrolling should I start the financial aid process?
What is the Herzing University school code for FAFSA?
Students attending all Herzing campuses should include the school code for the Madison, Wisconsin, location: 009621.
My FAFSA form has been processed. What is my EFC?
The EFC is your Estimated Family Contribution. Based on the information you provided on your FAFSA, the government estimates the amount your family will be able to contribute for that school year. Please note: It is common for this EFC number to change once Herzing University’s Educational Funding Department reviews your application and makes any necessary updates to your FAFSA information.
What is the Student Aid Report (SAR)?
The Student Aid Report shows the information you provided on your FAFSA form, along with your Estimated Family Contribution (EFC) figure, and Data Release Number (DRN). Review this information carefully. If you need to make any corrections, go to Make Corrections to a Processed FAFSA.
When do I know how much financial aid I will receive?
Once you have been accepted to Herzing University and have fulfilled all requirements for the financial aid application, you will receive a Financial Aid Award Letter detailing your Financial Aid Award Package, including the dollar amount and type of aid you will receive.
How and when is my financial aid money disbursed?
Once you accept your Financial Aid Award Package and begin classes, your financial aid award money will be applied to your account at Herzing University to cover the cost of tuition. You can have any remaining money sent to you by direct deposit or mailed as a check to your address on file, according to the mail dates indicated on your award letter, unless you choose to return the unused portion to the lender. We strongly advise that you only accept the money you absolutely need, in order to lessen your loan repayment amounts in the future. Please note: It is the student’s responsibility to communicate any name and/or address changes to Herzing University.
What if financial aid does not cover my full tuition amount?
You are responsible for any balance on your account that is not covered by financial aid. Possible payment options include cash or credit card, employer tuition reimbursement, military benefits, or scholarships. Contact an educational funding advisor to learn more.
What happens if I withdraw from a course or Herzing University?
Any changes to your enrollment status may affect financial aid eligibility. If you need to withdraw from a course(s), please speak to your advisor to discuss the potential ramifications on your financial aid.
According to my FAFSA form, I’m considered a dependent student. What does this mean?
Based on your age, marital status, and family status, you may be considered a dependent student and you will need your parent’s help when completing the financial aid process. If you have questions about being declared a dependent student, or if your parents are divorced and you’re not sure which parent(s) need to supply information, please contact an educational funding advisor.
What if I am a dependent student, but my parents won’t complete their portion of the financial aid forms?
Unfortunately, if your parents are unwilling to provide the required information then you will likely be ineligible for federal and state financial aid. Please contact an educational funding advisor if you have questions about your specific situation.
What is verification?
Verification if a common step in the financial aid process. If your FAFSA is selected for verification by either the U.S. Department of Education or Herzing University Financial Aid, you will be asked to submit additional information to verify that the questions on your FAFSA form were answered correctly.
What happens if my FAFSA is selected for verification?
If selected for verification, you will be required to submit a Verification Worksheet (provided by your Educational Funding Department) and some, or all, of the following:
- A copy of your most recent federal tax filing, and your spouse’s or parent’s tax filing if applicable. You can request a free Tax Transcript from the IRS Tax Transcript Request Line by calling 800-829-1040 (fastest service) or go to http://www.irs.gov/Individuals/Order-a-Transcript.
- Proof of child support paid
- Identity and Statement of Educational Purpose
- High school diploma or GED
Other supporting documentation includes, but is not limited to:
- Birth certificate
- Immigration papers
- Social security card
- Government issued identification card
- Divorce decree or separation documentation (must have correct, current name)
- Ward of the Court
- Homelessness documentation
- SNAP Benefits
Statement of educational purpose