Tuition and Educational Costs How do I know how much I owe and how much it costs to attend Regis University? The exact amount that you owe is available to you online through WebAdvisor. General rates for each type of student are available on the Regis University website. For the current Regis University cost of attendance, click Cost of Attendance. Do I need to make arrangements to pay my bill even though I have financial aid? You need to calculate whether your financial aid award(s) will cover the full amount charged on your student account. You can view your account on WebAdvisor. If the aid awarded is less than total charges, then you need to contact Student Accounts to make payment arrangements. Be sure that all forms are on file with the Financial Aid Office and your aid is ready to be disbursed. Can I adjust my budget? The budget has been established by the Financial Aid Office in accordance with state and federal guidelines. Exceptions to the standardized cost are possible within a limited set of parameters. If you are interested in seeking an exception, submit a written request for revision to financial aid. Financial Aid Application Process How do I apply for financial aid? To apply for financial aid, you must complete the online Free Application for Federal Student Aid (FAFSA) each year. List Regis University, Federal Code 001363, in the school section of the FAFSA. The FAFSA must be completed online at www.fafsa.ed.gov. What is an FSA ID number? The FSA ID-a username and password-has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Learn more about creating your FSA ID. What is a priority deadline date? A priority deadline date is the recommended filing date for you to file the FAFSA each year. If your FAFSA is filed by this date you will be awarded the maximum amount of financial aid funding available to you. You should file your FAFSA each year as early as possible to allow sufficient processing time for your aid to be ready when classes begin and to be considered for all types of aid for which you are eligible. Both the Federal Pell Grant and the Federal Direct Loans are available year-round to those students who qualify. Continuing students should file the FAFSA by April 15th each year to meet the priority date and gain maximum consideration for available funds. Is there anything I can do if I miss the priority deadline? We recommend that you complete and submit the FAFSA as soon as possible. You will be considered for the Federal Pell Grant (for undergraduate students who document sufficient financial need), the College Opportunity Fund (for Colorado resident undergraduate students who document sufficient financial need) and the Federal Direct Loan (for eligible students who are enrolled at least half-time.) If other financial aid funds become available later on in the awarding process, we will notify you. What is Regis University’s school code and where do I enter it? Regis University’s federal school code is 001363 and should be entered in the school section of the FAFSA. What else do I need to do after I review the award letter? If you want to accept loans that were offered on the award letter, go to WebAdvisor and accept the loans. We recommend that you read your Regis.edu email regularly since important information is sent to you via email. My parents refuse to provide their information on the FAFSA. What should I do? If you are classified as a dependent student for financial aid (see the FAFSA), the federal government expects that parents will assist with educational expenses to the extent that they are capable and your parents’ information must be included on the FAFSA. All of the information submitted on the FAFSA and to our office is kept strictly confidential and that the completion of the financial aid forms does not constitute a financial obligation. The information provided is used to measure the amount the University can offer you in financial aid. If you have extenuating circumstances, please contact one of our financial aid counselors to discuss your situation. Do I have to reapply for financial aid? Yes, you need to complete and submit the new FAFSA every year by the priority date of April 15. You may lose all or most of your financial aid if you do not reapply by this date. My parents are divorced or separated. Who should fill out the FAFSA? Use the information of the parent with whom you lived the most in the last 12 months. If you did not live with one parent more than the other, answer in terms of the parent who provided the most financial support during the last 12 months or during the most recent calendar year that you actually were supported by a parent. I completed the FAFSA, but did not list Regis University as one of my school choices. What do I do now? If you have your U.S. Department of Education PIN, you can go back to the FAFSA website (www.fafsa.ed.gov) and add Regis University’s code (001363). You can also call the federal toll-free number (1-800-4FED-AID) and ask them to add Regis University. What is a Student Aid Report and when will I get it? After your FAFSA is processed by the Central Processor, you will be sent the Student Aid Report (SAR) which summarizes the information you reported and provides additional information about your financial aid application. The SAR will be sent to you electronically within three days after you submit the FAFSA. I received my Student Aid Report. What do I do now? Read and review all of the information on the Student Aid Report (SAR). Follow the instructions to make corrections if necessary. If all of the information is correct, keep the SAR in your records. Regis University will receive this same information electronically directly from the federal processor as soon as your admissions application and Social Security Number have been recorded in our student information system. We will email you when we receive the SAR. Should I wait until my parents' federal tax forms are finished before I complete the FAFSA? No. You can complete the FAFSA based on reasonable estimates of your family’s income. You may need to make corrections later if necessary. I’m having trouble getting my forms in on time for the April 15 deadline. What should I do? Apply as early as possible before your classes begin so that there is sufficient time to process your financial aid. The Federal Pell Grant and the Federal Direct Loans are available year-round to those students who qualify. Remember you can estimate your tax information. You do not need to wait until your taxes are finalized. Verification What happens if I am selected for verification? The federal government randomly selects a certain percentage of students for the verification process. If you are selected, we will send you an e-mail with instructions concerning the form you must complete and we will request copies of your federal tax forms (and your parents' tax forms if you are classified dependent for financial aid). What is verification and why must I complete it? Verification is a federally required process that students must complete before awarding can be done. Students do not have the option to have this requirement waived. If you want to be considered for financial aid awards, then you must complete and submit the verification forms and tax forms. How long will the verification process take? Once you have provided all requested information and the information that you originally submitted on the FAFSA is correct, you should be awarded financial aid within two weeks. If the information has changed, the corrections process may add one or more weeks of processing time. We will send you an e-mail when your aid processing has been finalized. You can view your awards on WebAdvisor. If the information you originally submitted on the FAFSA is incorrect and this results in a change to the FAFSA, the process will take longer while our office electronically sends corrections to the federal processor. Our office will send you an e-mail when the award letter is ready. If additional information is needed to finalize your FAFSA, our office will notify you within two weeks. Please provide the requested information as soon as possible so we can continue the awarding process. Eligibility I have not heard from Financial Aid about my award yet. Should I be concerned? It usually takes two to four days for Regis University to receive the results of your FAFSA from the federal processor. After we receive the information, we determine if your file is complete, verify your admissions status, your financial need and your eligibility for financial aid. The awarding process follows which typically takes up to two weeks. Our office will send emails to you informing you of the processing details and whether you need to submit additional information. Be sure to read your Regis.edu email since all communications are sent to the Regis.edu address. You can check your status online through WebAdvisor at any time. How can I be considered independent? The federal government has established guidelines for independent status for financial aid purposes. See the FAFSA to see if you qualify. Can I appeal my dependency status? If there are extenuating circumstances within your family situation, you may appeal to be considered as an independent student. Contact one of our financial aid counselors first to discuss your situation. Your parents' unwillingness to complete the FAFSA and your financial independence from your parents are not sufficient reasons for an exception according to the federal government's guidance. Why is my aid different this year than last year? Awards may differ from one year to the next based upon your updated financial situation listed on this year's FAFSA, based on your meeting the priority deadline one year but not the next, based on a change in federal or state guidelines or funding, or on a number of other factors. For specific information, contact one of our Financial Aid Counselors. Can I have more aid? Please refer to your Award Letter for the awards that have been offered to you. You may qualify for additional aid if your academic standing increases from one class level to the next, or if you are willing to borrow more loans (an alternative private loan or Federal Graduate PLUS Loan for graduate students). You may want to discuss your situation with one of our financial aid counselors. When will I get an award letter? Approximately two weeks after your financial aid file is complete, you will receive an email notification that your financial aid Award Letter is available on WebAdvisor. The Award Letter describes the types and amounts of financial aid that are awarded to you. Am I qualified for a Federal Perkins Loan? In order to qualify for a Federal Perkins Loan you must document a high level of financial need, be enrolled at least half-time, and file the FAFSA by the April 15th deadline date. Because of extremely limited funds, our office is only able to award a limited number of students who are eligible for Federal Perkins Loan. Can I get a Colorado Student Grant? Students who have a high level of need and who are classified as Colorado resident undergraduates may qualify for the Colorado Student Grant. You must file the FAFSA by the April 15th priority deadline date, document a high level of financial need, and be enrolled at least half-time. Because of extremely limited funds, our office is only able to award a limited number of students who are eligible for Colorado Student Grant. Why was I awarded as a freshman student? When your financial aid awards are determined, your class level is checked based on the academic credits that have been evaluated during the transcript evaluation. Our office may not be aware that additional academic credits are going to be evaluated. After you have met with your academic advisor and signed your degree plan, please Contact Us to request a reevaluation for your revised academic standing. Why is the aid Regis University offered me different than aid I was offered at another school? Each school is allocated different amounts of state and federal financial aid funds and has a different mix of students who are applying for financial aid. Each school strives to allocate these funds in the best possible way for their students. For these reasons, the award letters that you get from different schools may show differences. What types of aid do I qualify for? Regis University will send you an email stating that your award letter is available on WebAdvisor within two weeks of receiving your completed FAFSA and additional information, if required. This award letter will list all of your aid awards for Regis University. You may access this information on WebAdvisor. Why am I receiving only loans? Other types of financial aid are reserved for only those students who document an extremely high level of financial need or who qualify for aid due to residential, academic, athletic, or other criteria. Loans are available to students who show less need or who may not document any need. To apply for outside scholarships, see our Scholarships webpage. Scholarships How can I get a scholarship? Scholarship opportunities are posted on the Regis University website. Go to Scholarships on the Financial Aid website to learn more about scholarships and how to apply. This site includes links to online scholarship search services. Do I need to reapply for scholarships each year? When you are awarded a scholarship, you will be informed of the terms and conditions of that scholarship. Some awards are only for one year, while others are renewable and the conditions of that renewal will be detailed in the award offer. If I did not get a scholarship this year, what should I do? You should continue to research the scholarship opportunities on the web site. In addition, we recommend that you file the Free Application for Federal Student Aid (FAFSA) in case you are being considered for a scholarship that also requires financial need as a component. The FAFSA application documents whether or not you have financial need. Is my scholarship renewable? When you are awarded a scholarship, you will be informed whether the scholarship is renewable and the conditions you must meet. If I get a scholarship, will it reduce the amounts of other aid? There is a possibility that other aid may have to be reduced if you are awarded need-based aid and if the total aid (grants, scholarships, loans and work-study) exceeds your financial need or if you have been awarded a percentage of gift share funds. Otherwise, it is our practice to reduce student loans and work-study before considering the reduction of grants or scholarships. Contact your financial aid counselor to review the consequences of your scholarship award. Loan Questions What is subsidized and unsubsidized? When a Federal Direct Loan is subsidized, it means that the federal government will pay the interest that is accruing on the loan while you are enrolled at least half-time in college and during your six-month grace period. If the loan is unsubsidized, then this interest is accumulating during this same time frame and you may elect to pay the interest or defer paying it until your loan enters repayment. You must be an undergraduate student and document financial need in order to qualify for the subsidized federal student loan. Why was I offered this amount in a Federal Direct Loan? The amount of your Federal Direct Loan depends on several different factors, including your class standing, the information from your FAFSA, the estimated cost of education that our office has established for your terms of enrollment, whether you are classified as dependent or independent, other financial aid and whether you are enrolled half-time or full-time. The amount of the loan that is subsidized also depends on the amount of financial need that you document on the FAFSA. How do I increase or reduce my Federal Direct Loan amount? When you are first awarded, you will receive an award letter that shows the maximum loan amount that can be awarded based upon your current status. If you wish to reduce the loan amount, you may complete the Revisions Form, an online form available on our website under Forms and Publications. Why do I need to complete Entrance Loan Counseling? The Entrance Loan Counseling is required of each new borrower by federal regulations. The presentation includes critical information about your loan and your rights and responsibilities. To complete this requirement, go to studentloans.gov and sign in to take the entrance counseling. Please do not confuse Entrance Counseling with Financial Awareness Counseling. Entrance Counseling is required before you can receive your loan funds. Financial Awareness Counseling is a great tool for your personal use. What is an MPN? The MPN is the Master Promissory Note that you sign to promise to repay the student loan funds to the lender. You may sign the MPN electronically by going to studentloans.gov and creating an account. The MPN will cover all of the student loan disbursements for that lender for up to 10 years or until you request that your lender close it. Why do I need to complete Exit Loan Counseling? The Exit Loan Counseling is required by federal regulations for borrowers when they graduate or reduce their Regis University enrollment to less than half-time status (half-time is six hours per term for undergraduates and three graduate hours per term for graduates). The presentation includes critical information about repaying your student loan and your rights and responsibilities. If my parents loan (PLUS) is denied, what can I do? Your parents have the option of contacting their lender to see if there are any alternatives. Or you may contact our office to increase your unsubsidized loan amount borrowed. I am only going to be registered for one semester. Can I get a full loan? The estimated cost of education for one semester may mean that you cannot receive the full annual maximum loan amount. How can I receive alternative loans? First review the information for federal student loans since your costs of borrowing a federal loan will be lower than the costs of borrowing an alternative loan. After you apply for federal student loans and have been notified of your eligibility, if you still have remaining expenses, review the Regis University list of alternative lenders. Contact the alternative lender of your choice and complete their application. What is student loan consolidation? Federal loan consolidation is an option for students to combine all of their previous loans into one new consolidation loan. The consolidation loan is designed to extend the loan repayment period and reduce the amount of individual payments. This also means that the total cost of the loan will increase since you will be paying more interest in total. Should I consolidate my student loans? Borrowers should contact the Federal Direct Loan website (www.studentaid.gov) to review the pros and cons of consolidation. The advisability of consolidation changes based upon changing interest rates and program guidelines. Go to Loan Information for additional information. Can I get a book voucher to buy my books? If your upcoming financial aid disbursement(s) is sufficient to pay your tuition and fees in full and there are excess funds that will be available, you may apply for a book voucher by logging into WebAdvisor. Click on Student Account Forms under the Student Accounts menu and then choose Student Book Voucher.Your aid awards should be completely finalized before you apply for the voucher. The book voucher is limited to one per semester and should be submitted within two weeks of the start of your class(es). Disbursement Process When will my aid be disbursed? The aid disbursement process starts when you have submitted all of the required documents and you have begun attending classes for at least the minimum number of credits that are listed on your award letter. Allow up to 14 days for the financial aid credit(s) to be posted to your student account and any excess amount to be mailed to you in the form of a check or deposited into the bank account you designate (see Student Accounts for details). Here is an example: You are an undergraduate receiving Federal Direct Loans for fall semester. You are taking 3 credit hours during 5-week-1; 3 credit hours during 5-week-2, and 3 credit hours during 5-week-3. Your fall Federal Direct Loan funds will be disbursed after the 5-week-2 add/drop period. What might prevent my aid from being disbursed? Numerous factors may cause delays in the financial aid disbursement process. The most common reasons for a delay are: 1) you have not yet started to attend all of the classes as required on your financial aid Award Letter, 2) you are a new borrower of federal student loans and you have not yet completed your loan promissory note and/or your loan entrance counseling, 3) your academic record at Regis University does not meet the minimum requirements of the Regis University Financial Aid Satisfactory Academic Progress Policy, 4) you have changed academic programs since receiving your financial aid Award Letter, 5) you have been awarded work-study which is paid separately through the payroll system after you begin working, or 6) you need to submit additional documents. You may check your status by using WebAdvisor to see if any further documents are required and to check the minimum required enrollment on your award letter. For further information, call 303-458-4126. When will my COF award be disbursed? The aid disbursement process for aid including the College Opportunity Fund starts when you have submitted all of the required documents and you have begun attending all of your classes for the semester (after add/drop for 5 Week 3 for students who attend 8-week and 5-week classes). After the disbursement process starts, allow up to 14 days for the financial aid credit(s) to be posted to your student account and any excess amount to be mailed to you in the form of a check or deposited into the bank account you designate. When will my Federal Pell Grant be disbursed? The disbursement process starts when you have submitted all of the required documents and you have begun attending all of your classes for the semester (after add/drop for 5 Week 3 for students who attend 8-week and 5-week classes). After the disbursement process starts, allow up to 14 days for the financial aid credit(s) to be posted to your student account and any excess amount to be mailed to you in the form of a check or deposited into the bank account you designate. How can we tell if/when financial aid has been applied? You can check the Statement of Account available through WebAdvisor to see if the financial aid award(s) have been posted to your student account. Also, our office will send you an e-mail when student loan funds have been posted. Allow up to 14 days after the posting date to receive any excess funds in the mail or through direct deposit into the bank account you designate (see WebAdvisor if you want to set up the Direct Deposit option). How long after funds are applied will I get my money? Allow up to 14 days after the posting date to receive any excess funds in the mail or through direct deposit into the bank account you designate (see WebAdvisor if you want to set up the direct deposit option). How can I use my financial aid to pay for books? After you receive excess funds disbursed to you, you may use these funds to purchase books and supplies. You may also apply for a book voucher by completing the form. Complete and submit this form electronically. If you are eligible for the voucher and it is approved, a credit will be established for you at the Regis University bookstore. How much is my next disbursement? Calculate your total aid for the term minus any aid that has been previously disbursed for that same term. This information is available by viewing your financial aid Award Letter and statement of account on WebAdvisor. How much will I get/owe after my aid has been applied? You may access financial aid information and your statement of account through WebAdvisor and calculate the amount of excess funds, if any, after your aid for the semester has paid your tuition and fee bill in full. Allow up to 14 days to receive your check for the excess amount after aid disbursements have been posted to your student account. If I am receiving financial aid, why did I receive a bill? Each student at Regis University will receive a bill that shows the amount of tuition and fees charged for their enrollment. If classes have already begun and your financial aid has disbursed, the financial aid disbursement amounts will be shown as posted on your tuition and fee bill. I am taking classes at Regis University and another school. Can I get financial aid to pay at both places? You may receive financial aid from only one school at a time. Regis University may be able to consider your classes at another school when calculating your financial aid awards. For more information contact financial aid counselor Chris Chodkiewicz at 303-964-5185 (for Colorado colleges) or Adina Chavez at 303-458-3506 (for colleges outside Colorado). Enrollment What is the minimum enrollment required for financial aid? The award letter that is sent to you will specify the minimum enrollment that is expected for the aid awarded. Most aid programs require that you enroll for a minimum of half-time enrollment (six hours per semester for undergraduates and three graduate hours for graduates). If you wish to change your enrollment status after you receive the award letter, contact one of the financial aid counselors by calling 303.458.4126 and asking for a financial aid counselor. What will happen if I drop a class? Dropping a class may have a number of different consequences for your financial aid. First, if all of your financial aid has not yet been disbursed, you may become ineligible for future disbursements depending upon the minimum enrollment required for your awards. Second, if you are enrolled in only one class and you drop that class or if you withdraw from all your classes, then your aid may have to be reduced and you may be asked to repay a portion of your aid. This will be based upon the federal requirements that we evaluate for the portion of aid that you earned. Next, we track your academic progress to see if it meets the minimum standards established in the Regis University Financial Aid Satisfactory Academic Progress policy. If you fail to meet these standards, you will not be eligible for future financial aid. Since there are so many different aspects of your financial aid that may be affected when you drop a class, we recommend that you talk with a financial aid staff member before you drop, by calling 303-458-4126. What will happen if I withdraw from Regis University? If you withdraw completely from Regis University after you have received financial aid, then your aid may be reduced and you may be asked to repay a portion of your aid based upon the federal requirements that we evaluate for the portion of aid that you earned. Please review the Withdrawing and Financial Aid Policy posted on our website at www.regis.edu/financialaid. You also need to complete the Loan Exit Counseling if you have received federal student loans while attending. You may be ineligible to receive future aid at Regis University. I will be enrolled at a school other than Regis University. Can I get my aid for that school? It may be possible to establish a consortium agreement between Regis University and your other school. You may only receive financial aid from one school for any one term. Call 303-458-4126 for information regarding consortium agreements. Financial aid does not transfer from one school to another. How many credit hours do I need to receive my full grant amounts? Your award letter specifies the minimum enrollment required to receive the awards listed. If you want to drop below that level, send a written notice to our office so that we can recalculate your eligibility and send you a revised award letter. How many credit hours do I need to receive my loan? Your award letter specifies the minimum enrollment required to receive the awards listed. If you want to drop below that level, send a written notice to our office so that we can recalculate your eligibility and send you a revised award letter. The federal student loans require that you enroll at least half-time (six hours for undergraduates and three graduate hours for graduates per semester). Award Changes I was awarded aid for summer, fall and spring but now I will be graduating at the end of fall? What do I do? Complete the online Revision Form as soon as possible so that your aid awards can be recalculated and we can send you a revised award letter. My expenses are really high. How can I get more aid? In most cases, our office is not able to increase the estimated cost of education since we are required to follow state guidelines concerning student expense budgets. If you wish to appeal, submit a letter of appeal outlining your additional expenses and provide written documentation. Your request will be considered within the allowable requirements. What happens if my family or financial situation changes? Send a written notice describing the changes and providing documentation to our office so that we can reconsider your eligibility for financial aid. We will contact you as soon as possible to inform you of any possible revisions. I applied for student employment. Why didn’t I get it? Student Employment funds and opportunities are limited each year. It is critical that you file your Free Application for Federal Student Aid (FAFSA) or the Student Employment Application by April 15th to have the best opportunity to receive student employment at Regis University. Send a written request to our office if you were not awarded student employment and your name will be placed on a waiting list to be considered if additional funds become available. How long does the Income Appeal process take? After our office has received all of the needed documentation, the Income Appeal process may take up to 30 days to process. Our office will contact you when the processing is completed. My parents have divorced since I filed my FAFSA, what can I do? Complete the FAFSA Income Appeal Form and provide documentation to our office so that we can reconsider your eligibility for financial aid. We will contact you as soon as possible to inform you of any possible revisions. Grades/Satisfactory Academic Progress What is Satisfactory Academic Progress (SAP)? The federal and state governments require each institution to establish a policy for measuring the academic progress of each student. In order to continue to be eligible for financial aid disbursements, each student must meet the minimum requirements for course completion, grade point average, and for finishing their program within a maximum time frame. If a student fails to meet these minimum requirements, their financial aid will be cancelled. There is an appeal process for extenuating circumstances. For more information, contact the Office of Financial Aid. How do I appeal my SAP status? You should submit a written appeal that details the obstacles that prevented you from meeting the academic requirements and the steps that you have taken to remove these obstacles in the future. Attach appropriate documentation to your appeal, such as a letter from your physician explaining your health factors and clearing you to return to classes. How long does it take to process a SAP appeal? Allow up to two weeks for your appeal to be reviewed by the Financial Aid Appeals Committee and for a written response to be sent to you. Is there anything I can do if I miss the priority deadline? An appeal may be submitted at any time. How can I find out the results of my SAP appeal? You will be notified by a written response or you may contact Adina Chavez, financial aid counselor, at 303-458-3506.