Award Letter
After you submit your application for financial aid and everything is accepted and processed, then you will receive a financial aid award letter from Beulah Heights University. This letter spells out the details of your financial aid package.
A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay (your expected family contribution or EFC) and college costs (the cost of attendance or COA). It is based on your financial need, the difference between COA and EFC.
After you receive the award letter, you may be asked to return a signed copy of the letter in which you accept or reject each source of financial aid. The college will not increase other aid to compensate if you reject part of the financial aid package, such as loans. If you decide to accept your Direct Subsidized and Unsubsidized loans Financial Aid recommends that you accept the Pell Grant and Scholarships.
Federal Direct Subsidized and Unsubsidized Stafford Loans, as these are very low cost loans based on financial need. The government pays the interest on subsidized loan while the student is enrolled in college at on a least half-time basis.)
Note: All first time students are required to go visit the online (www.studentloans.gov) to finish their entrance counseling and master promissory.
SELECTION CRITERIA
Upon completing your FAFSA application with BHU’s school code 030763, you will create an account through Campus Ivy (Financial Aid Portal) once the “Automatic Student Registration” has been received via your BHU email. Once the account has been created, and all requested documents have been received you will complete, review, and electronically sign your student award letter. Throughout the process, you will be taken through several steps that will help to collect current contact information, references, acknowledgment of entrance counseling and repayment counseling, degree program, enrollment data, estimated family contribution (EFC), attendance, and terms of attendance. At the end of the process, students will be provided with an estimated breakdown. This breakdown will reflect the tuition and fees, estimated financial aid eligibility, and books cost for the year. This breakdown will inform the students if they will possibly have enough funding or a funding short fall per semester selected. Upon submission of the information, the financial aid department will review the submitted information, and follow up with you, if additional documentation is needed per Campus Ivy. Once all documents have been submitted, in conjunction with a processed FAFSA application, and submitted requested documents, an award letter would be created and processed through the Financial Aid Portal. Within the next 5 to 7 business days after all requested information has been received, you should check your email regularly for a notification of your Award letter.
A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay (your expected family contribution or EFC) and college costs (the cost of attendance or COA). It is based on your financial need, the difference between COA and EFC.
After you receive the award letter, you have until the anticipated disbursement date to decline any part of the awarded funds. You will have 30 days from that date your student loans are credited to your student account to decline a portion or all of your student loans. The college will not increase other aid to compensate if you reject part of the financial aid package, such as loans. If you decide to accept your Direct Subsidized and Unsubsidized loans Financial Aid recommends that you accept the Pell Grant and Scholarships.
Federal Direct Subsidized and Unsubsidized Stafford Loans, as these are very low cost loans based on financial need. The government pays the interest on subsidized loan while the student is enrolled in college at on a least half-time basis.
Note: All first time students are required to go visit the online (www.studentloans.gov) to finish their entrance counseling and master promissory. In addition to attending for a minimum of thirty days before receiving their first student loan disbursement.
Grants are need based funding and students can apply through the FAFSA application. Awarded amounts varies based on eligibility and funding level.
Beulah Heights University offers institutional scholarships, and accepts out scholarships as well. All grants and scholarships will be considered in the overall cost of attendance for each student.
Financial aid will be awarded and disbursed to students on a first come, first time basis. Priority awarding and disbursing is given to students who receive their award letter by July 31. Continuing students must attend for the first two weeks of each semester, before becoming eligible for a student loan disbursement. Be sure to check your BHU emails regularly and review your Financial Aid eligibility prior to enrollment.