Federal Financial Aid

Federal financial aid falls into two categories:

Eligibility for Federal Financial Aid

  • Must have a high school diploma or GED
  • Must be enrolled or accepted for enrollment in an eligible program of study at Excelsior University. Students completing their degrees solely by exam are not eligible for federal aid.
  • Must maintain half-time student status (6 credits for undergraduate and 3 credits for graduate)
  • Must be pursuing a degree
  • Must be a United States citizen or eligible noncitizen
  • Must have a valid Social Security Number
  • May not be in default on a federal student loan
  • Must not owe an overpayment of federal grant or loan funds
  • Must be making Satisfactory Academic Progress as outlined in Excelsior’s Student Policy Handbook

Applying for Federal Financial Aid

To apply for financial aid, follow these steps.

Fill out the FAFSA form on the FAFSA website. Our federal school code is 014251. Here is a link to some helpful videos.

FAFSA year you should file as an Excelsior University student:

If a term start date falls within this time frame To submit this FAFSA Using income and tax information from
August 28, 2023–
August 26, 2024
2023–24 2021
August 27, 2024–
August 25, 2025
2024-25 2022

Federal Aid Book Voucher

To receive a Federal Aid Book voucher, you must complete the Book Voucher Request Form each trimester. The book voucher can only be used toward books that are required for the course(s) you are registered in.

  • You need to have accepted enough federal financial aid to cover the cost of tuition, fees, and books. Excelsior cannot issue a federal financial aid book voucher with scholarship, private loan, or VA benefit funds.
  • Your initial eligibility for a book voucher will be estimated at $140 per course. If you require an increase based on the actual cost of course materials, you may report the amount needed on the book voucher request. You will receive a letter to the email address listed with Excelsior University from eCampus Bookstore with further instruction including your book voucher number and expiration date once your book voucher is available.”
  • Any unused funds will go back onto your account to be disbursed once the voucher expires. You may contact eCampus Bookstore at 877-284-6744 if you have any questions.
  • The Book Voucher Request Form is available through the Online Financial Aid System. The system is accessible by logging in to your MyExcelsior account, navigating to the Aid and Billing section, and selecting Online Financial Aid System. Once in the system, select the Student Request Forms page from the menu to complete the book voucher request

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 federal calculation) is used to determine how much Federal Student Aid funds were earned at the time of withdrawal. Review Excelsior’s Student Policy Handbook for complete refund procedures, outlined in the course withdrawal section.

As a distributor of Federal Student Aid, Excelsior University is required by Federal 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 University 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 University 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. Transparency at Excelsior 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.

Some FAFSA applications will be flagged for “unusual enrollment history” by the U.S. Department of Education as a result of the student having received Federal Pell Grants and Federal Direct Loans at multiple institutions in recent years.
Read more

Federal financial aid consortium agreements enable degree-seeking Excelsior University students to participate in financial aid programs while concurrently attending Excelsior University (Home Institution) and another accredited higher education institution (Host Institution).

You must be enrolled in at least one approved 3 credit hour course at Excelsior University and at least one course at the Host Institution per consortium term. Please obtain course approval from your Excelsior University academic advisor for courses at both institutions prior to registering.

This agreement does not guarantee an increase in the amount of financial aid you will be eligible to receive.

Please upload the completed consortium agreement application through your MyExcelsior Financial Aid Online System. To submit the consortium application through MyExcelsior, please notify the Office of Financial Aid ahead of time so that we can enable uploading of the document for you.


PR/AWARD NUMBER P425E205853 AND P245E205853-20A

Excelsior University signed and returned to the Department of Education the Certification and Agreement. Excelsior intends to use 100% of the funds received under CRRSAA and ARP (a)(1) and (a)(4) to provide Emergency Financial Aid Grants to students.

The total amount that Excelsior received under the HEERF II student aid allocation is $1,248,334.
The total amount that Excelsior received under the HEERF III student aid allocation is $2,092,252.

  • During the quarter ending 6/30/21, Excelsior distributed $4,000 to 4 eligible students.
  • During the quarter ending 9/30/21, Excelsior distributed $912,220 to 644 eligible students.
    • There were approximately 3,680 students eligible to receive funds in this quarter.
  • During the quarter ending 12/31/21, Excelsior distributed $711,750 to 475 eligible students.
    • There were approximately 5,584 students eligible to receive funds in this quarter.
  • During the quarter ending 3/31/22, Excelsior distributed $1,497,500 to 958 eligible students.
    • There were approximately 6,908 students eligible to receive funds in this quarter.
  • Quarter ending 6/30/22 report: 00283400_HEERF_Q22022_071022

The following eligibility criteria were used to determine award distribution:

HEERF II & III –Project Description 84.425E Eligibility

  • Undergraduate and Graduate Students with exceptional financial need.
    • Defined as having a FAFSA calculated Expected Family Contribution (EFC) in the Federal Pell Grant eligible range–$0-$5,711, for 2020-2021, $0-$5,846 for 2021-2022, and/or significant unmet need
    • Must file a FAFSA to establish eligibility.
  • No additional application is required.
  • Not required to complete verification or other FAFSA-related requirements.
  • Must be a current Excelsior Student.
      • Admitted and attempted credit-bearing activity during the national state of emergency related to COVID-19.
      • Newly admitting and prospective students are not eligible.
    • Are eligible even if not currently registered, but were during COVID-19 national state of emergency and have withdrawn.


    • Amounts calculated based upon institutional methodology.
    • Prioritized based upon greatest need and availability of funding by trimester, until funds exhausted.
    • Does not affect eligibility for current or future financial aid awards.
      • Not considered financial aid or part of the financial aid package
    • Will NOT be visible to the student in the financial aid package in NetPartner.
    • Is not considered taxable income.

    Student Use

    • Any Component that goes into a COA
    • Emergency Costs arising due to COVID
      • Tuition
      • Food
      • Housing
      • Health/Mental health Care
      • Child Care
    • Funds are paid directly to student (we are a pass through)
      • Will be disbursed through student billing account and refunded
    • Students MAY use funds to pay Excelsior University billing charges