Benedictine University's Office of Financial Aid administers a variety of federal, state and institutional programs of student financial assistance. Each of these programs carries specific student eligibility requirements. In general, students must be formally admitted as degree-seeking and enrolled for a minimum number of credit hours. All financial aid recipients must maintain satisfactory academic progress in accordance with the published, "Satisfactory Academic Progress Policy for Financial Aid Recipients."
After completing the financial aid application process, the student will receive a financial aid award notification letter. The award letter will include the program(s) that the student is eligible to receive and the award amount(s).
All students who apply for financial aid will receive a financial aid notification letter. The letter will include the types of assistance and award amounts the student is eligible to receive. With the exception of student employment earnings, funds awarded will be credited to the student's tuition account at the beginning of each term. In order to ensure loan funds are credited in a timely manner, students should ensure a Master Promissory Note has been completed and Entrance Loan Counseling has been confirmed.
Students, who wish to decline a financial aid award or reduce the mount of the award, must sign and return their award letter within fourteen (14) days of receipt.
Students must reapply for financial aid each award year. Priority is given to students who meet the financial aid priority deadline date, April 15 of each year.
The Office of Financial Aid reserves the right to modify financial aid awards at any time based on the availability of federal, state and institutional funds or if changes occur in the student's financial need analysis, enrollment or academic status.
If financial assistance is received form an outside source after the financial aid award notification letter has been issued, a recalculation of aid eligibility will be completed using the additional financial assistance as a resource. Required financial aid adjustments will be made in accordance with university policy and state and federal regulations. All forms of outside assistance must be reported to the Office of Financial Aid.
Financial aid awards assume the student will enroll full-time each term. Failure to enroll on a full-time basis may result in a revision of financial aid awards. It is recommended that students counsel with a financial aid counselor prior to altering their pattern of enrollment or withdrawing from a class.Download the Satisfactory Academic Progress Policy and Appeal Form