Award Terms and Conditions 2017-2018

2017-2018 NIU Undergraduate Financial Aid Award Offers

Terms Conditions and Other Useful Information

 

Award Letters

Electronic Award Letters
Only the first award notice/letter a student receives is mailed in a paper format.  All subsequent award letters, including revisions, are electronic.  An email is sent to your NIU email account with Award Letter information and disclosures.  The types of aid and amounts can be viewed in MyNIU. The email content and MyNIU information together constitute your Award Letter.

Official Award Offers
All financial aid award letters will be revised to reflect final/official registration for a term at the end of the second week of each semester. NIU allows some registration changes during the first two weeks of a semester, commonly referred to as the Add/Drop period.  Registration for full term classes is considered official at the end of this period.   

Official Fall 2017 Award Revision: Monday, September 11, 2017
Official Spring 2018 Award Revision: Monday, January 29, 2018

Official Award Offers based on less than full-time Fall registration will also reflect Spring financial aid for the same enrollment level until Spring Official Awards are revised.  For example, if your final Fall registration status is half-time, both Fall and Spring aid will change to half-time. Your aid will be adjusted to reflect actual Spring enrollment after the Spring add/drop period or upon request. 

Official Award Offers may be adjusted based on events such as receipt of a new grant or scholarship, change in loan amount accepted, change in financial aid eligibility, withdrawal from all courses, and registering in a course with a start date after the first two weeks of the semester.

What is not on an Award Letter?

  • The Award Letter does not detail student charges or calculate the amount you will owe.
  • Parent PLUS loans are not automatically offered on an Award Letter. Parents who wish to borrow from the PLUS loan program begin the application process at studentloans.gov. NIU will be notified of the approval and amount by the federal processor and will add the PLUS Loan to your Award Letter.

MAP Grant and Enrolled Hours
The MAP grant pays per credit hour from 3 hours to 15 hours. Early Award Offers inform you of your maximum semester eligibility. You must be enrolled in 15 hours to receive the full amount. You can determine your per-hour amount by dividing the semester MAP award by 15. 

College of Engineering and Differential Tuition

Effective with students entering NIU for Fall 2017, undergraduates majoring in College of Engineering programs have a higher per-hour and full-time tuition rate. Student loans, parent loans and the NIU Huskie Advantage Grant may be changed based on the final undergraduate tuition rate a student is charged for a semester.

 


 

Terms and Conditions of your Financial Aid

  1. Financial aid disbursements are made directly to your student account. Year amounts are disbursed one-half for Fall and one-half for Spring unless otherwise notified.  
  2. Financial Aid is disbursed two weeks after a student’s first class begins to students with completed financial aid files and qualifying enrollment. Disbursed financial aid will be based on final and official registration per University add and drop policies and procedures.
  3. Different disbursement dates and procedures may apply to students taking courses that are late start (after the first week of the semester).
  4. You must be fully admitted as an undergraduate student, enrolled for the purpose of seeking a bachelor’s degree and enrolled in courses that can be used as credit toward a bachelor’s degree.
  5. You must be a U.S. citizen or eligible non-citizen.
  6. You must notify our office of any financial aid including private and/or local scholarships or other educational benefits that do not appear on your Financial Aid Award Letter.
  7. You must be enrolled at least half-time in undergraduate degree courses to receive a Federal Direct Student Loan.
  8. You must begin attending all registered courses and remain enrolled at least 60% of the term, or your aid may be reduced.
  9. Federal Student loans and Pell Grants have annual and lifetime limits set by federal statue. If at any time, including in a future year, NIU becomes aware of loan and/or Pell usage at another institution, we may be required to reduce funds and you may owe repayment of the reduction.
  10. MAP grant eligibility is tracked by the number of credit hours MAP has paid for you to all institutions. You may only receive 75 paid credit hours of MAP while classified as a freshman or sophomore. Once you have received 75 paid hours of MAP, you must attain junior status before you can receive additional MAP funds. A student may not receive MAP after 135 hours of MAP has been paid to all institutions attended.
  11. Students working on a second bachelor’s degree are not eligible for state, federal or institutional need-based grants. Students will be considered for Federal Direct Student Loan if admitted, taking at least 6 credit hours of undergraduate classes required for the new degree, are meeting all Satisfactory Academic Progress standards, and have not exceeded annual or lifetime (aggregate) loan limits.
  12. If after filing the FAFSA you are convicted of possessing or selling drugs, you must notify the Financial Aid and Scholarship Office. This may affect your aid eligibility.
  13. Federal Work Study (FWS) funds on an Award Offer are not a guarantee of employment and are not disbursed to your NIU Student Account. To receive FWS, students must seek and be selected for employment.  FWS earnings are based on actual hours worked and are paid through bi-monthly paychecks.
  14. To continue to receive aid you must maintain Satisfactory Academic Progress standards. 
  15. All awards are contingent on funding from external sources. If federal, state or private funds are reduced, suspended or eliminated, your award will be adjusted accordingly. Reduced or rescinded awards previously disbursed to your student account will be charged back to the account. 
  16. The State of IL Monetary Award (MAP) Grant, whether awarded or credited (disbursed) to your student account, is always an estimate until funding is received from the State. Your letter from the Illinois Student Assistance Commission (ISAC) includes this information. Until funding is finalized through the State budget process and received, NIU uses the amount announced in your ISAC letter as part of your Financial Aid Award Offer and for the estimated credit to your student account.
  17. If you have been awarded a State of IL MAP Grant, you may be required to submit documentation verifying your/your parent’s Illinois residency. If this pertains to you, a request for documentation will be posted to your MyNIU To Do List.