Financial Aid FAQ
Financial Aid FAQ
What To Know About Financial Aid at Spalding
We’ve compiled the top list of questions that we get from students about the financial aid process. If you have a question that you do not see listed in our FAQ, please email our financial aid team or give us a call at (502) 873-4330.
How Do I Pay My Enrollment Fee?
You can pay an enrollment fee online.
My Financial Aid Is Not Enough To Cover My Tuition Costs. How Do I Pay the Difference?
If your financial aid is not enough to cover the costs, you are responsible for the charges that remain. You can search for outside scholarships, private student loans or if you are a dependent student, a parent plus loan. Another option is to set up an interest-free payment plan that splits the out of pocket cost into equal installments across the semester.
How Will I Be Billed for Tuition?
As a student, you may view and print statements in the student portal. Tuition is due by the first day of class each semester. If you have questions about your billing statement, you can contact the Bursar’s Office at bursar@spalding.edu.
How Do I Make a Payment?
You can make a tuition payment through the student portal under Billing Info.
I Am a Returning Student. How Will I Receive My Financial Aid Offer?
As a returning student, you will receive your aid notices electronically. Once the FAFSA is filed and all required paperwork (verification or other requested documents) is submitted, the financial aid office will review and award students accordingly. You will be able to access your financial aid offer in the student portal.
How Can I Receive My Residual in the Form of a Direct Deposit Instead of a Paper Check?
You may sign up for direct deposit using your student portal. You Will find the icon for direct deposit in the “LinkLauncher” section. If you go this route, you will receive an email 48 hours before the funds are sent to your bank. If you bank rejects the transaction for any reason, we may still send out a paper check; it is important to ensure that your mailing address is up-to-date on your account. To view or change your address, log in to your student portal. Once you log in, go to “WebAdvisor for Students” and select Academic Profile. From there you can view your address or change it as needed.
How Do I Get a Copy of My 1098T Form for Taxes?
The 1098T form can be retrieved in the student portal. If you have questions about the 1098T, please contact the Bursar’s Office at bursar@spalding.edu.
I Would Like To Take Summer Classes. How Does Financial Aid Work for That Semester?
Summer semester is the beginning of each financial year at Spalding University. If awarded financial aid for summer, this will change the amount that you will receive in the fall and spring. The annual award is divided over 3 semesters instead of 2. It is recommended that you meet with your financial aid counselor if taking summer classes to ensure you will have enough aid for the entire financial aid year.
My Loans Say That They Do Not Meet Eligibility in the Student Finance Section of My Student Portal. What Do I Need To Do?
First, make sure that you are enrolled in classes at least half time for that semester. Next, make sure that you complete the Master Promissory Note and entrance loan counseling that is required by the Department of Education.
My Application for Graduation Requires Me To Complete Exit Counseling. How Do I Do That?
If you have taken out student loans and are graduating, you must complete exit loan counseling. Even if you have completed your bachelor’s degree and are continuing towards a master’s degree, you must complete exit counseling. This does not affect your loans and will not trigger repayment. It is a literacy requirement for student loan borrowers. You can set an appointment with your counselor to complete this in person or you can complete the exit counseling online.
When Will My Financial Aid Disburse to My Account and When Will I Receive a Refund?
Financial Aid begins authorizing aid and the Bursar begins disbursing the aid to your account after the drop/aid period each term. The drop/add period is typically the first week of each semester, regardless of the term, i.e. summer, fall or spring. Financial aid is authorized to the Bursar to disburse to your account beginning with the second week of classes and residuals begin to be issued in the form of a paper check or EFT to your bank account (you must set this up with the Bursar) around the third week of classes. Financial aid is not disbursed until you meet all eligibility requirements and you begin attendance in your classes for the semester. For example, a student who does not begin classes until session 2, will not have aid disbursed to their account until session 2 classes begin.