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Title IV Federal Student Financial Aid
Title IV financial aid is funded by the United States government. The Federal government also administers Title IV financial aid distribution and repayment either directly or indirectly through third parties. All charges on your student account for the current semester could be paid through this aid.
Federal financial aid funds are offered primarily on the basis of financial need. We use your financial information provided on the Free Application for Federal Student Aid (FAFSA) form to calculate your eligibility for all sources of aid that Excelsior College awards to Title IV eligible students.
To receive financial aid you must:
Tuition and fees depend on a variety of factors, from the type of degree you are pursuing to the number of courses you take every semester. To get an idea of what your education may cost, view the Cost of Attendance Samples.
You must be an enrolled Excelsior College student with course approvals for Excelsior College courses from your Excelsior academic advisor to qualify for financial aid through Excelsior.
Complete Your FAFSA First
We use your financial information provided on the Free Application for Federal Student Aid (FAFSA) to calculate your eligibility for all sources of aid and scholarships that Excelsior College awards including Title IV Federal Student Aid.
Complete your FAFSA first. The Excelsior College federal Code is 014251.
Next: Start Your Required Study Plan
To apply for financial aid you must:
• Develop a study plan for yourself.
Talk to your Excelsior academic advisor about your study plan to:
• Get course approvals.
Start Your Study Plan – Enrolled students can use our online Financial Aid Study Plan form to get started. You can also find the link to it from MyExcelsior under My Details in the My Financial Matters section.
Access Your Financial Aid Info Online
Go to MyExcelsior and under My Details you can manage the following from the My Financial Matters section:
• Complete your Excelsior College Financial Aid Study Plan
Conditions of Title IV federal financial aid at Excelsior College:
How to Apply for Title IV financial aid:
First, you need to set up your free MyExcelsior account if you don’t have one yet.
Then complete the online FAFSA form. The Excelsior College federal code used for this application is 014251.
Information about what you will need to complete the FAFSA is available at Student Aid on the Web.
After you have applied for financial aid you can access your financial aid information at MyExcelsior. From your MyExcelsior Financial Aid section you can:
Verification of Applications
Your application may be selected for verification by the U.S. Dept. of Education. About 30% of all FAFSA filers are selected for this process. If you are selected we will email a Missing Information letter to you requesting the additional documents needed to process your financial aid application. If requested, download the Verification Worksheet that applies to you:
Please respond promptly in order to prevent delays in processing your application for financial aid and be sure that your address is current with the office of registration and records.
If you have any questions about what you are to provide, please call our financial aid office toll-free at 1-855-323-9235, or email email@example.com.
Once we have all the required documents, we will send you an email asking you to check your financial aid award through MyExcelsior.
Your award package is based on your eligibility for aid, your cost of attendance, as well as the number of registered credit hours.
Be sure to review all messages associated with your award letter. It is your responsibility to determine if your financial aid awards will cover your tuition and fees. If not, you will be expected to pay the difference to the college.
In order to accept a Title IV loan, you must complete the following Federal requirements:
First-time borrowers at Excelsior College must complete entrance counseling which is available online. First go to MyExcelsior and review the MyExcelsior Financial Aid section. Then choose the Messages tab or go to the Department of Education entrance counseling to complete the online entrance counseling.
Master Promissory Note:
After completing your entrance counseling you must agree to the terms of the loan by electronically signing your Master Promissory Note. Visit the U.S. Department of Education student loan page and select Sign Master Promissory Note under Manage My Direct Loans. Continue through the screens, reading and agreeing to the explanations. You will be prompted for your user ID and PIN number. You can request this information from this screen.
If you completely withdraw from all courses and are receiving Federal Student Aid you are subject to having all or part of your financial aid returned to the appropriate financial aid programs. If you withdraw prior to 60% of the enrolled period elapsing, a pro-rated schedule (Return to Title IV Calculation) is used to determine how much Federal Student Aid funds were earned at the time of withdrawal. Please see the Excelsior College Student Policy Handbook for complete refund procedures as outlined in the course withdrawal section.
6. Graduation Rates
As a distributor of Federal Student Aid, Excelsior College is required by Federal Title IV regulations to inform you of the graduation rates of our first-time full-time students. We primarily serve working adults who attend college part-time, and who typically transfer in college credit previously obtained from other sources. The number of students at Excelsior College who are considered "first-time full-time" students for the current reporting year is zero for both associate and bachelor’s degree seeking students.
Excelsior College is committed to providing you with information about the success of our degree program students. As a reflection of that commitment, we have joined with other colleges and universities that serve adults at a distance in a voluntary system of accountability and transparency called Transparency by Design. The College Choices for Adults Web site includes information that is reflective of our student body, including part-time and transfer students. You will also find additional statistics about the learners in our programs, as well as information about student satisfaction, engagement, and learning outcomes.
7. Consortium Agreements
Federal financial aid consortium agreements enable enrolled Excelsior College degree-seeking students to participate in financial aid programs while concurrently attending Excelsior College (Parent College) and another accredited higher education institution (Non-Parent Institution). The currently eligible non-parent schools are limited to the following colleges:
You must be enrolled in a minimum of 3 credit hours both at Excelsior College and the non-parent college per term. (Total of 6 credit hours per term)
This agreement does not guarantee an increase in the amount of financial aid you will be eligible to receive.
Excelsior College reserves the right to decline a student’s request for a consortium agreement if, in the opinion of the Excelsior College Financial Aid Office (FAO), that consortium agreement would be administratively prohibitive.
This agreement does not guarantee deferment of your past loans. Please contact your lender.