Urge students to complete the FAFSA as soon as possible. This opens access to a variety of federal, state, and institutional financial aid programs, including grants, scholarships, and loans.
Let them know that meeting deadlines is crucial for maximizing their aid package.
Break down the different types of aid they may receive—such as grants, scholarships, loans, and work-study opportunities.
It’s helpful to clarify what needs to be repaid (like loans) and what doesn’t (grants and scholarships).
Ensure they understand interest rates, repayment timelines, and the benefits of federal loans over private loans.
Discuss how financial aid eligibility is linked to academic performance and course load.
Ensure students know that dropping courses or failing to meet satisfactory academic progress could affect their financial aid.
If applicable, explain that students can use financial aid for Marshall-sponsored study abroad programs, as long as the credits apply to their course program of study.
They may have specific questions according to their financial situation and if you’re not sure how to answer, don’t hesitate to contact our office and we’ll gladly help.