Q. When should I apply for Financial Aid?

A. You should start the Financial Aid process as soon as you receive your letter from the school saying you have been accepted for admissions.

Q. As a graduate student how much student loan can I expect to receive per year?

A. Graduate students are allowed $20,500.00 per year, unless you have reached the maximum graduate school limit.

Q. Do I have to take all of the $20,500 if I apply for student loans?

A. No, it is left up to the student to apply for the amount of student loans they would like to receive per year.

Q. What is the difference between Subsidized and Unsubsidized Stafford Loans?

A. When students submit the FAFSA, the families’ ability to pay is calculated know as the Expected Family Contribution (EFC). This figure determines the kind of loans for which you are eligible to receive. The Subsidized Stafford is one where the government pays interest while students are in school, the maximum award is $8,500.00. The unsubsidized has no interest paid by the government and interest will accrue during enrolment. Students can receive up to $20,500.00 if they are not eligible for the subsidized portion or $12,000.00 if eligible for the $8,500.00 sub. Total maximum subsidized and unsubsidized is $20,500.00.

Q. I plan on applying for the ADN-MSN Bridge program what type of student loans am I eligible for?

A. Bridge students can apply for Stafford Subsidized and unsubsidized same as all other programs. Students are eligible for loans as long as they have not defaulted on previous loans or met the maximum graduate level limit. Bridge ADN-MSN students are eligible for up to $20,500.00 per year.

Q. How do I start the student loan process for Financial Aid?

A. Complete the items listed in the Financial aid Checklist located on the school’s Financial Aid web page at http://www.midwives.org/studentservices/inside/finaid.asp?ID=439. You will receive this checklist when financial aid office has been notified of your acceptance to the program.

Q. What is Frontier’s school code for the FAFSA?

A. G30070

Q.  I have filled out my FAFSA, now what is my next step?

A.  You need to complete the Stafford Master Promissory Note and Online Student Loan Entrance Interview Counseling Session at www.kheaa.com, You will sign both with your PIN number issued from Department of Education.

Q. How do I know which FAFSA to complete?

A. Generally, you need to complete the FAFSA according to the year for which you enroll. Any student enrolling for the first time in 2008 would need to complete the 2008-2009 FAFSA and then file the next year’s FAFSA at the end of the year to renew financial aid.

Q. What is Frontier’s school code for filling out the Master Promissory Note?

A. 030070

Q. Do I fill out the Master Promissory Note (MPN) and mail it to KHEAA or do I mail it to the school?

A.  Neither one, you fill out and e-sign your MPN online.  If you don't have a Personal Identification Number (PIN) you can apply on line at www.pin.ed.gov this usually takes about 36 hours.

Q. When I go to the KHEAA.com web site there are several loans listed for which I can apply, what is the difference between the Stafford and PLUS loans?

A. The Stafford is the basic loan for which you need to apply and has about a two percent lower interest rate than the PLUS. The PLUS is additional loan money for which students can apply if they need more loans after first applying for the Stafford. The PLUS has a higher interest rate, repayment begins while you are still in school and is an option for those who cannot get a Stafford Loan due to bad credit or the need for additional money after getting the $20,500.00 Stafford.

Q. Now that I have been accepted what do I do now?

A. The first step after you have been accepted is to fill out your Program Declaration http://www.midwives.org/forms/ProgramDecleration.asp and Financial Aid Policy Agreement http://www.midwives.org/forms/finAidPolicies/finAidPolicyStatement.aspx and submit them on line to the Financial Aid Office.

Q. When will I receive my first student loan check?

A. Loan checks will be disbursed electronically to pay your tuition and fees prior to the beginning of each term. Once the student loan funds have been received via electronic funds you should receive your residual check in the mail in about 7-10 business days after the check has been received at FSMFN. During times the postal service or banks are closed, it may take a little longer to get your residual checks. Checks will be disbursed routinely as long as you have completed the hours required for satisfactory academic progress (SAP) and completed the renewal FAFSA.

Q. Will I receive my student loan check if I have not completed the hours required for satisfactory academic progress?

A. No, we will not request any loan monies until the student has completed the necessary hours required for satisfactory academic progress. Students need to check SAP guidelines as stated in the catalog. If a student has met SAP, loan checks will be sent to the business office to be applied toward tuition and fees. If a student has not met the required number of hours by the time tuition is due, no checks will be requested and the student will be required to make alternate arrangements for tuition payment to avoid a late fee. Once the student has completed their course work, they need to notify the Financial Aid Director of their course work completion. At that time, their loan check can be reinstated. It may take up to 2 weeks for the check to be recertified and applied to your account. 

Q.  What happens if I don't enroll for the next term and have already applied for a loan?

A.  The loan will be cancelled.