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Financial Aid Handbook

The Financial Aid Handbook offers policies and guidelines for student financial aid at the University of Mount Union.

  1. Award Adjustments

    Adjustments may be the result of submitting documents such as verification worksheets, federal tax return transcripts or special circumstance applications. In addition, inaccu­rate information, notification of additional aid from outside sources, origination of PLUS or private loans could result in changes. Amounts may vary due to changes in federal, state or University funding of programs. Students should anticipate their aid will change as a result of a change in housing status. All students will be notified of any change by e-mail.

  2. Change in Financial Situation

    Contact the Office of Student Financial Aid if any significant changes occur that affect your financial situation, such as divorce or separation of parents, loss of income, increased paid medical expenses, or tuition paid to private elementary or high schools. You will be asked to complete a Special Circum­stance Appeal Form, complete the verification process and submit supporting documentation.

  3. Eligibility Statement

    Mount Union scholarship and grant eligibility is determined upon acceptance to the University and completion of the Free Application for Federal Student Aid (FAFSA). 

  4. Financial Aid and Off-Campus Housing Policy for Students Admitted Prior to Fall 2018

    Traditional undergraduate and transfer students living off campus during the Fall 2017 semester are grandfathered into their current financial aid package.

    Traditional undergraduate and transfer students residing on campus and admitted prior to Fall 2018 who wish to move off campus will have a reduction in their institutional need-based grant (UMU Grant) up to $3,000. If a student receives less than $3,000 in an institutional-need-based grant, the full award will be removed from their package. Students receiving a combination of federal, state, and institutional funds over the cost of tuition should reference the Institutional, Federal, and State Awards Over the Cost of Tuition Policy noted below, regarding a change in their financial aid package.

    It is very important that you report any change in your housing status to Student Financial Aid as soon as possible. Student Financial Aid checks for housing status changes two weeks into the semester. Any changes that were not reported will require a revision to the financial aid offer at that time. It's important that your offer letter is correct before the semester starts, so be sure to check the most recent offer letter you received to ensure that your financial aid offer was based on your current housing status.

  5. Financial Aid and Off-Campus Housing Students Admitted in Fall 2018 or Later

    Traditional undergraduate and transfer students residing on campus will have a $3,000 reduction in their institutional aid if they decide to move off-campus. Students receiving a combination of federal, state, and institutional funds over the cost of tuition should reference the Institutional, Federal, and State Awards Over the Cost of Tuition Policy, regarding a change in their financial aid package.

    It is very important that you report any change in your housing status to Student Financial Aid as soon as possible. Student Financial Aid checks for housing status changes two weeks into the semester. Any changes that were not reported will require a revision to the financial aid offer at that time. It's important that your offer letter is correct before the semester starts, so be sure to check the most recent offer letter you received to ensure that your financial aid offer was based on your current housing status.

  6. Institutional, Federal, and State Awards Over the Cost of Tuition Policy

    The maximum institutional award cannot equal more than full tuition. However, if students choose to live in campus housing and receive federal and state awards, the institutional awards can be used toward room and board. If the combination of federal, state, and institutional awards equal more than full tuition, the federal and state awards are applied to tuition and the institutional funds are applied to the remaining amount of tuition, room, and board. If a student chooses not to live in campus housing or have a meal plan and the combination of federal, state, and institutional awards equal more than full tuition, the institutional award is reduced by the amount that is over full tuition. If a student chooses not to live in campus housing but have a meal plan and the combination of federal, state, and institutional awards equal more than full tuition and board, the institutional award is reduced by the amount that is over full tuition and board. Institutional funds cannot be used towards off campus room and board costs.

  7. Maintaining your Federal Financial Aid Eligibility: Satisfactory Academic Progress

    Federal regulations require the University of Mount Union to establish Satisfactory Academic Progress (SAP) standards for students receiving federal financial aid. In order for a student to continue receiving federal financial aid, the student is required to meet three standards of academic progress each academic year.

    • Completion Rate (at least 67% of the credit hours attempted are earned)
    • Cumulative GPA (see handbook for minimum GPA requirements per credit hours attempted)
    • Maximum Timeframe (must complete degree within 150% of the published length of the program)

    The Office of Student Financial Aid will review the SAP standards of each student at the end of the spring semester. Students will be notified if/when they are not meeting the standard(s). Information concerning the appeal process will be included. For more information on the Satisfactory Academic Progress, please review the University policy.

  8. Non-Mount Union Scholarships

    Students are required to notify the Office of Student Financial Aid when an outside scholarship is received. A copy of the scholarship award letter, certificate, or check can serve as notification of this award. If any adjustment to the aid award must be made, loans and employment will be reduced before any need-based awards.

  9. Policy for Multiple Merit Awards

    A merit-based scholarship or award is offered without regard for financial need. Students who may be eligible for multiple Mount Union scholarships and awards will receive at least the value of the highest scholarship or award.

    Consideration that is given for any portion of a second scholarship or award from Mount Union will be based on financial need and will require that the student file the Free Application for Federal Student Aid (FAFSA). The maximum award equals full tuition. Students who receive a full tuition scholarship are not eligible for additional Mount Union scholarships or awards.  All University scholarships, awards, and grants are coordinated through the Office of Student Financial Aid. 

    Following the NCAA Division III philosophy, the University of Mount Union does not offer athletic scholarships. The University does award scholarships and financial aid for student athletes on the same basis as it does for every other Mount Union students.

  10. The Mount Union Pell Opportunity Grant

    Beginning fall 2020, Mount Union will meet the cost of tuition and fees with institutional grants/scholarships, federal loans, and work study for eligible incoming first year students. Eligible students must meet the following criteria:

     

    1. Student has filed the Free Application for Federal Student Aid (FAFSA)
    2. Student receives the Federal Pell Grant.
    3. FAFSA indicates a parent AGI of $55,000 or less. If student is independent, student AGI will be used.
    4. Student has a 3.0 high school GPA or higher.
    5. Student must be enrolled full-time (at least 12 credits)

     

    The Pell Opportunity Grant will be equal to the cost of tuition and fees minus federal grants, state grants, institutional grants/scholarships, federal loans, and work study. The award is renewable up to eight consecutive semesters as long as the student remains eligible based upon their FAFSA and enrollment status. Students must also maintain Satisfactory Academic Progress (SAP) standards. The amount of the grant will be recalculated each award year according to the formula above. If a student loses eligibility in subsequent years, the grant will be removed from the financial aid offer. The grant may be reinstated if the student regains eligibility. The Pell Opportunity Grant may also be reduced if a student’s outside scholarships plus all other aid exceed the cost of attendance.

  11. Withdrawal and Refund Policies

    Students who wish to withdraw from the University after classes have started should review the Withdrawal and Refund Policy.