Frequently Asked Questions for the Office of Financial Aid- Spring 2024 | Office of Financial Aid (2024)

Billing

Where’s my refund?


The earliest date a student may receive a direct deposit refund in their personal bank account is the Thursday before classes start, January 11th. This can be delayed if a student is part-time or making registration changes. Forstudents who have not opted for direct deposit refund, the 1st batch of refund checks will be mailed January 19th.Formore information about refunds,visit our refunds page.

I dropped/added a class. When will my bill be adjusted?


Immediately! This happens in real time before the add/drop deadline. To see the most recent bill onRAMweb, you’ll want to select Billing and TaxInformation >Billing Information > Up to Date Account Activity.

When is the spring 2024 bill due?


February 12th

How do I view/ pay my bill?


Log intoRAMweb/FAMweband navigate to theBilling and Tax Informationpage.

What happens if I don’t pay my bill by the billing due date?


You’ll be charged a 1.5% payment deferral charge each month the bill goes past due and registration/transcript holds may be applied.

If you are enrolled in a current term payment plan you can disregard this.

I am a Colorado Resident, am I eligible for the College Opportunity Fund?


Yes! If you are a Colorado Resident enrolled in on campus classes, you are eligible for a $116 dollar per credit hour payment. COF is not considered financial aid so you will only see it on your bill, not your financial aid awards page. If you do not sign up for COF, you could be losing out on $1,740 per semester if you are enrolled in 15 credits. Click here to apply!

What if I have already used 145 credits with the COF? Can I get more?


Yes. Therearetwo ways to get more COF. The first is an Institutional Waiver. CSU will automatically process this waiver for you during your first eligible term. That Waiver is good for three consecutive terms and will end on the third term regardless of if you attend those terms. The second is a State Waiver. After your third term under the Institutional Waiver, you will have to appeal to state for more COF. The application can be foundhere.

I have a past due balance from last semester, will my fall financial aid cover it?


Your fall financial aid cannot pay out unless you are enrolled at least part-time. Come talk to us if you have a past due balance that is preventing you from registering for fall.

Can my registration hold/transcript hold be temporarily lifted?


No, we cannot temporarily lift a hold. CSU requires your past due balance to be paid in full in order to register for future terms. Please contact financial aid about your potential options to pay the balance and get registered for classes.

What is differential tuition?


An additional tuition charge that sophom*ores in the College of Business and all juniors and seniors are charged.Read more here.

When will my employee study benefit be processed?


Employee Study Privilege forms are processed by the Registrar’s Office and Human Resources. Please be aware that it may take 3 to 4 weeks after the add/drop deadline for the Employee Study Privilege to be reflected on your account. The add/drop deadline for fall is September 6th; it could take up to 3 to 4 weeks from that date before your study privilege is credited to your account. Please note those using the Employee Study Privilege will be automatically exempt from the September 11th due date and payment deferral charge.

What’s a SEVIS fee?


Colorado State University collects an administrative charge to cover administrative costs associated with the Student and Exchange Visitor Information System (SEVIS). For more information about this fee, please visit the International Student and Scholar Services website.

What are Day One Access charges from the bookstore?


The Day Once Access Program through the CSU bookstore provides students access to digital materials the first day of classes. Students are automatically opted into the program and must opt out if they wish to purchase the materials on their own. The opt out deadline is the final Add/Drop date of the semester, after which, the charge will appear on the student account. For more information, please visit https://www.bookstore.colostate.edu/day-one

Where do I send my college savings or 529 plan payment?


Checks for college savings or 529 plans should be mailed to the Cashier’s Office. Please be sure to include the student’s CSUID number when mailing checks.

Cashier’s Office
6015 Campus Delivery
Fort Collins, CO 80523

Financial Aid

How do I accept my loans?


Student loans may be accepted on RAMweb. To accept, reduce or decline your loans navigate to the awards page of RAMweb by selecting Menu > Financial aid> Offers and Requirements > 23-24 academic year> Offers tab. Students who are first time loan borrowers will need to complete entrance counseling and a master promissory note on StudentAid.gov before their loans can pay out.

Parent PLUS loans cannot be accepted on RAMweb or FAMweb. To apply for and accept a Parent PLUS loan, a parent must complete a loan applicationandMaster Promissory Note at StudentAid.gov.

How do I complete electronic forms or other financial aid requirements?


Our complete guide to filling out electronic forms is available here.

I’ve done my loan requirements but it’s still showing as a requirement on RAMweb


It takes about 3to5 business days for us to receive these once they’ve been submitted.

How do I see if my financial aid has paid out? Why haven't I received my financial aid?


Financial aid can only pay out 10 days prior to the first day classes, provided you meet all the disbursem*nt and eligibility criteria. Once your aid disburses you will be able to see it as a credit on your bill. To view, navigate to the Billing and Tax Information page of RAMweb and select “Up-to-Date Account Activity”.

I want to go from full-time to part-time, how will that impact my financial aid?


You must be enrolled in a certain number of credits to receive financial aid, in addition to meeting all other eligibility criteria..

Scholarships

I just received another scholarship, will my financial aid be adjusted?


Your financial aid cannot exceed yourestimated cost of attendance. If your offered financial aid (grants, loans, scholarships, work study) meets or exceeds your cost of attendance, we will need to reduceyour other financial aidto make room for your scholarship.

Wereducetheleast desirable aid first, however your need-based aid (grants, scholarships, work study) cannot exceed your financial need. Financial need is determined by subtracting yourEstimate Family Contribution (EFC)as determined by FAFSA from yourCost of Attendance. Please contact us if you have questions about how your financial aid is affected by a scholarship.

How do I send my scholarship check to you?


Scholarship checks will need to be sent to the Cashier’s office, instructions are available here: financialaid.colostate.edu/sending-a-scholarship-check-to-ofa/

When will you process my tuition scholarship for eligible family members?


The tuition scholarship will be processed after the add/drop deadline each semester (January 31st for the spring 2024 semester) because enrollment can change until then. Please note those using the tuition scholarship will be automatically exempt from the February 12thdue date and payment deferral chargeif the application is received prior to the due date.

Are there scholarship opportunities I can tap into?


Yes! Visitourscholarships page on our websitefor more information

My scholarship donor needs a letter to verify my enrollment, how can I get one?


There is a self-serve scholarship verification letter onRAMweb. Select Financial Aid from the Main Menu and then click on the Scholarship Registration Verificationlink.

Residency

How do I petition for in-state (Colorado) residency?


Check out our websiteto find out if you areeligible to petition for residencyand learn more about theresidency orientationyou will need to complete in order to receive a residency petition. We encourage you to complete the orientation as soon as possible if you intend to petition for residency in the future.

Do I submit a regular residency petition if I am military-affiliated?


Learn more about how you might qualify for an in-state tuition exception here: //financialaid.colostate.edu/military-members/

If you are veteran, or dependent of a veteran, click here to learn more about GI Promise: //financialaid.colostate.edu/residency-exceptions-veterans-and-dependents/

Have more questions?

Chat with a financial aid counselor

Frequently Asked Questions for the Office of Financial Aid- Spring 2024 | Office of Financial Aid (2024)

FAQs

Frequently Asked Questions for the Office of Financial Aid- Spring 2024 | Office of Financial Aid? ›

The number of questions will be reduced and the application will maximize the use of previously collected data. Students will be able to list up to 20 schools on their FAFSA via the online application. The Student Aid Index (SAI) will replace the Expected Family Contribution (EFC).

What changes are coming to FAFSA for 2024? ›

The number of questions will be reduced and the application will maximize the use of previously collected data. Students will be able to list up to 20 schools on their FAFSA via the online application. The Student Aid Index (SAI) will replace the Expected Family Contribution (EFC).

What are the frequent questions about FAFSA? ›

Most Common Questions
  • How do I apply for an income-driven repayment (IDR) plan?
  • How do I apply for Public Service Loan Forgiveness (PSLF)?
  • How do I create a StudentAid.gov account?
  • How much money can I get from a Federal Pell Grant?
  • How do I find scholarships?
  • What is the IRS Data Retrieval Tool (DRT)?

What is the maximum Pell grant for 2024-25? ›

Every year, the federal government updates the maximum Federal Pell Grant award amount. For the 2024–25 award year, the maximum Pell Grant award is $7,395.

What is the phone number for FAFSA 2024? ›

For information by phone, you can call our Federal Student Aid Information Center at 1-800-433-3243.

How many questions are on the 2024-2025 FAFSA? ›

The 2024-2025 FAFSA consists of only 36 questions, and much of the information needed will be pulled directly from federal income tax returns.

What tax information is needed for FAFSA 2024? ›

Providing Financial Information. The FAFSA form asks for financial information, including information from tax forms and balances of savings and checking accounts. The 2024–25 FAFSA form asks for 2022 tax information. The 2023–24 FAFSA form asks for 2021 tax information.

How much can my parents make to qualify for Pell Grant? ›

Although students with family incomes up to $45,000 may be eligible, most awards go to students with family incomes below $20,000. There is no limit on the number of years students can receive a Pell Grant, however only one award may be granted each year by only one educational institution.

What four things affect the amount of money you receive from your Pell Grant? ›

The amount granted depends on your Expected Family Contribution (EFC), cost of attendance, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.

What is the max amount of Pell Grant you can receive lifetime? ›

The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by federal law to be the equivalent of six years of Pell Grant funding. Was this page helpful? How do I check the status of my 2023–24 FAFSA® form?

What is the question 69 on the FAFSA? ›

Your parents' e-mail address.

also be shared with your state and the colleges listed on your FAFSA form to allow them to electronically communicate with your parents. 69. How many people are in your parents' household? provide more than half of their support between July 1, 2023 and June 30, 2024.

How do I talk to a real person at FAFSA? ›

For assistance using StudentAid.gov, contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243). You can also reach us through the “Contact Us” page. Was this page helpful?

Is FAFSA first come first serve? ›

However, some of the available money is handed out on a first come, first serve basis. So, it's a good idea to file your application sooner than later to help pay for your education. A new, updated version of the FAFSA was recently launched for the 2024-2025 academic year. Here's how the form works.

Will student loans take my taxes in 2024? ›

Important note: As part of the Fresh Start Program, borrowers with eligible defaulted loans are receiving certain relief measures, including tax refunds (and child tax credits) not being withheld. This relief will continue through at least September 2024.

How to edit 2024-2025 FAFSA form? ›

Log in to StudentAid.gov and select your FAFSA submission from the “My Activity” section of your account Dashboard. You'll then see your submission details, including your form's status. Select “Start Your Correction” from under the “Student Actions Needed” section.

What's different about the new FAFSA form? ›

The new formula will allow students from families that are not required to file federal income taxes to automatically be considered for a high financial aid amount. The updated FAFSA will include fewer questions, which will make the application quicker to fill out.

How do parents fill out FAFSA 2024 -- 25? ›

Go to fafsa.gov to be taken to the FAFSA home page, and then select “Start New Form.” You'll be directed to log in to your StudentAid.gov account. Once you're logged in, you'll be taken to the next page, where you will see two options. If you're starting the FAFSA form on behalf of your child, choose “Parent.”

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