Financial Aid Offer

If you are eligible and aid funds are available, you will receive a financial aid offer or "package" composed of funds from different sources. These funds are combined with your resources to help satisfy your financial need.  The types and amounts of financial aid in your package are limited by regulatory maximums, your academic class status (freshman, sophomore, etc.), grade point average, fund availability, your enrollment status (full- or part-time), and your level of need. Keep in mind that your financial aid package may change as a result of new application data, the verification process, changes in your enrollment status, or office error.

Following the receipt of your FAFSA results, a financial aid offer or "package" will be offered to you. The financial aid package will contain one or a combination of grants, scholarships and/or loans. Grants and scholarships are sources of student financial aid which are available for education expenses with no requirement to repay. Student loans are the most common source of student financial aid and must be repaid. Students receiving a loan are required to sign a promissory note which details the conditions of the loan.

Changes to the Financial Aid Offer

Based on a change in eligibility, enrollment or an office or agency error, a student's aid may be revised at any time. If financial aid has already been credited to a student's bursar account, he or she may be responsible for partial or full repayment of the funds, regardless of the reason for the adjustment. Financial aid is contingent upon many factors, including availability of federal, state and institutional funding. SFSS has the right to review, adjust and cancel a financial aid award at any time due to changes in financial or academic status or a student's failure to provide requested documentation.

As required by federal, state and institutional guidelines, revision of a financial aid offer may occur if:

  • The aid was based on inaccurate or false information (including estimated income data or grade level)

  • SFA or another agency made an error in determining eligibility for, or disbursement of, financial aid awards

  • The amount of financial aid awarded exceeds the calculated financial need

  • The student does not maintain satisfactory academic progress

  • The students fails to meet enrollment, grade point average, participation or other requirements required by a specific award

  • The student drops classes or withdraws from NSC

  • The student was selected for verification. Then, the completion of the verification process changed eligibility. During verification, SFSS must check the accuracy of the data reported on a FAFSA.