Financial Aid and Student Accounts at Urbana University are committed to the overall mission of the University. While working collaboratively with each other and the rest of the University and within federal and state regulations, they provide financial services to students in order to help them pursue their educational and professional goals.
The Finanical Aid and Student Accounts staff help students seek, obtain, and make the best use of all financial resources available. The staff of both offices provides high quality service and guidance with the utmost respect, sensitivity, and empathy to our students and their families. The staff strives to communicate with students and families clearly, frequently, and effectively.
ATTENTION ALL FINANCIAL AID RECIPIENTS
Due to Federal regulations that do not allow financial aid to be disbursed onto student accounts until 10 days prior to the start of each semester, financial aid will not appear on your bill until the start of each semester. However, as long as you have completed all of the appropriate financial aid paperwork, we will be able to give you an accurate statement on your account before the start of each semester.
To be considered for federal, state, or institutional financial aid, students are required to file a FAFSA online. Please only use the US Department of Education’s website as this is free and available to all students. Go to www.fafsa.ed.gov to file your FAFSA. Urbana University’s FAFSA School Code is 003133.
Based on the information provided on the FAFSA, the federal government will make a determination of the amount the family is to contribute towards the student’s educational costs. This amount is called an EFC or Expected Family Contribution. The EFC amount for your family is the same at every college or university; however your financial aid need may be different at each college or university. The difference between the cost of attending Urbana University and the EFC is the student’s eligibility for financial aid.
After Urbana University receives your FAFSA information, we will review the FAFSA before awarding financial aid. We may ask you for additional information (including copies of tax return transcripts, etc) or we will send an award letter to your home. The award letter is a statement of all of the financial aid resources that you may receive from Urbana University for the next academic year. The award letter will also list any forms that the student and/or family need to complete before financial aid can be disbursed to the student account.
All Urbana University students are required to file a FAFSA before April 15 annually, in order to renew their scholarship package. If a FAFSA is not filed by April 15, the student may forfeit any eligibility that they have for all Urbana University scholarship programs. Students are strongly encouraged to file their FAFSA before April 15 even if they feel that they will not be eligible for other types financial aid.
If you have specific questions while you file your FAFSA, please call the Financial Aid Office. We will be very happy to assist you with any questions or concerns that you have about your financial aid and/or the FAFSA process.