Award Letter

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  • Topic: Financial aid, Education finance in the United States, Debt
  • Pages : 3 (970 words )
  • Download(s) : 213
  • Published : March 31, 2013
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Student Name: Address: From: Enrollment Period: Date Printed:

Marlo A Clark 4357 Oak Manor Drive Acworth, GA 30101 Herzing University Office of Financial Aid 05/02/2011 - 12/21/2011 June 8, 2011

Your Financial Aid package for your enrollment period 05/02/2011 to 12/21/2011 is summarized below. Your budget and package is based on an EFC of 0 for 26 credit hours in this enrollment period. The conditions and explanation of your financial aid package and award letter is as follows: Explanation of Programs Federal Pell Grant (Pell): This is a grant and as such does not have to be repaid. Note that the amount in this award letter is estimated. Your eligibility and the actual amount of your Pell award is determined by an annual Congress approved formula. You must submit a valid Student Aid Report to the school before your grant can be calculated or disbursed. Federal SEOG (SEOG): This is a grant and as such does not have to be repaid. This program is designed for students of exceptional financial need. Federal Perkins Loan (Perkins): The Perkins Loan must be repaid. A complete explanation of the provisions of the loan is contained in the Perkins promissory note. Federal Work Study (FWS): The Federal Work Study Program provides jobs for eligible students who must earn part of their educational expenses. Students are paid in accordance with the actual number of hours worked and the appropriate wage rate. Federal and Direct Stafford, Unsubsidized and Plus Loans (SUB, UNS, PLUS, DST, DUS, DPL): All of these loans must be repaid. A complete explanation of the provisions of these loans is contained in the applicable promissory notes. Institutional Grant: Institutional Grants are usually awarded based upon extraordinary student need, and/or, unusual conditions or the change of circumstances. This is a grant and therefore does not have to be repaid. Your financial aid package and award letter are subject to the following conditions: • Actual receipt of federal funds by...
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