IF I HAVE APPLIED FOR ADMISSION TO SOUTHERN, HAVE I APPLIED FOR FINANCIAL AID?
- No. Applying for admission and applying for financial aid are two separate processes.
DO I NEED TO BE ADMITTED BEFORE I CAN APPLY FOR FINANCIAL AID?
- No. You can apply for financial aid for the following academic year any time after October
1. You must be accepted at Southern to receive a financial aid award letter.
DO I NEED TO REAPPLY FOR FINANCIAL AID EVERY YEAR?
- Yes. You are required to apply for financial aid every year. If your financial circumstances
change, you may qualify for more or less aid. After your first year, you will receive
a renewal application that contains pre-printed information from the previous year's
FAFSA. Note that your eligibility for financial aid may change significantly, especially
if you have a different number of family members in college. Renewal of your financial
aid package also depends whether you are making satisfactory academic progress toward
WHERE CAN I GET INFORMATION ABOUT FEDERAL STUDENT FINANCIAL AID?
Call 1.800.4.FED.AID (1.800.433.3243) or 1.800.730.8913 (if hearing impaired) and
ask for a free copy of The Student Guide to Financial Aid from the U.S. Department
of Education. You can also visit the Department of Education's Financial Aid website
or write to:
Federal Student Aid Information Center
PO Box 84
Washington, DC 20044
ARE FEDERAL WORK-STUDY EARNINGS TAXABLE?
- The money you earn from the Federal Work-Study program is generally subject to federal
and state income tax but exempt from FICA taxes (provided you are enrolled full time
and work less than 20 hours a week). Federal Work-Study earnings during the calendar
year should be included in the totals for AGI (adjusted gross income) on the previous
year's FAFSA (question 39), income earned from work (question 42), and the total from
worksheet C (question 46).
WHAT IS THE DIFFERENCE BETWEEN NEED-BASED AND MERIT-BASED AWARDS?
- Need-based awards are given to students based on financial need as determined by the
FAFSA. Merit-based awards (scholarships) are given on the basis of student accomplishments,
regardless of financial need.
ARE JOBS AVAILABLE ON CAMPUS?
- Absolutely! Many students work to help pay their education expenses. For information
about on-campus job opportunities, contact any department directly or Human Resources
at 423.236.2276 or visit the job listing website.
HOW MUCH MONEY DO I NEED FOR BOOKS?
- Plan on budgeting about $600 per semester. As a student you can charge your textbooks
to your student account through the online bookstore.
WHAT IS "COST OF ATTENDANCE"?
- Cost of attendance includes tuition, fees, room, board, books, and miscellaneous expenses.
HOW IS "FINANCIAL NEED" DETERMINED?
- Financial need is the difference between your yearly cost of attendance and your expected
family contribution, as determined by your FAFSA. You can think of it this way:
Cost of Attendance - Expected Family Contribution = Financial Need.
WHERE CAN I FIND AN EXPLANATION TO DIFFERENT PARTS OF MY MONTHLY FINANCIAL STATEMENT?
WHAT IS VERIFICATION?
- About 30% of all FAFSA filers are selected for verification, which requires schools
to collect documentation to check the accuracy of the information provided on a student's (FAFSA). If selected, the verification process must be completed before financial aid can be applied to your account. Click here for additional information.