*All financial clearance questions are handled by the Office of Student Accounts. That office may be contacted by calling 800.624.3327 or 757.727.5221.

*If you completed a FAFSA on or after July 15th, you are considered a LATE APPLICANT; in that, the Office of Financial Aid cannot guarantee determination of eligibility by payment due date. Please contact the Office of Student Accounts to determine the monetary amount needed for financial clearance.

*PARENT PLUS LOAN applicants, please be sure that you have both accepted the PLUS Loan on HUNet; as well as, completing the credit check and master promissory note (MPN) at: https://studentloans.gov/myDirectLoan/index.action Additional information can be found under Direct Loan News under the General Information tab.

*FALL 2010 Disbursement Dates are now listed on the Important Dates tab on our menu. Please be advised that all awards and disbursements are based on a student maintaining Full-Time enrollment. Therefore, if you are not maintaining Full-Time enrollment your award(s) maybe reduced or cancelled.

Disclosure Statement: Reporting of all instances of Expected Aid from Outside Sources

Please be aware that Federal Student Aid Guidelines require schools to include various types of aid, as part of the student’s estimated financial assistance when packaging his/her financial aid award. All categories of students are required to report all instances of expected aid to the Financial Aid Office. Failure to do so could result in the reduction, retraction or even cancellation of the student’s financial aid award, possibly leaving the student with a balance owed to the University. The list provided below, should not be construed as all inclusive:

Waivers of Tuition and Fees; Fellowships or assistantships; Veteran Educational Benefits’ Stipends; National Service Education Awards; Insurance programs for student’s education; scholarship; any educational benefits paid because of enrollment in post secondary education; Chapter 1607 Reap Benefits, ROTC living allowances, net income from Need-based Employment; Americorps funds, Designated State Aid; Designated Aid paid on the student's behalf; Scholarships, etc.

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THE VERIFICATION PROCESS (select)

Selection Process

FAFSAs are selected for verification either by the U.S. Department of Education’s Central Processing System (CPS) or by the school.

The CPS selects applicants either randomly or by choosing applications that do not meet a series of federal edits. These edits are not published by the Department of Education to the public.

The law also permits the school to select applicants based on the above reasons, as well as, to verify accuracy of data or resolve conflicting data that it believes is incorrect or discrepant. As important, a school may request additional documentation if information does not match FAFSA.

Notification of Selection

The CPS notifies students selected for verification by printing an asterisk (*) next to the Expected Family Contribution (EFC) on the SAR; also, the financial aid office will notify selectees via correspondence of specific items required in order to process a student’s financial aid eligibility. In addition, students are required to monitor their financial status via HUNET account, by using their password and student ID.

For your convenience, the site address is listed below:

https://my.hamptonu.edu/portal/page/portal/HY/nava/ax

Select Financial Aid > Eligibility > Student Requirements > Select Aid Year > Submit

Required forms are also accessible from our financial aid website at:

http://www.hamptonu.edu/studentservices/financialaid/fa_forms.cfm

The student is given 14 days to respond to this request for information. Failure to respond within this time period could have an adverse effect (in some cases) depending on the student’s eligibility for certain types of financial aid awards.

What You Need to Know

In an effort to save you time with the processing of your verification documents, we like to recommend some important Tidbits:

Respond timely to request for information;
Make certain that documents and appropriate worksheets are properly signed;
Electronic signatures authorizations for tax returns are not allowed;
Read your SAR thoroughly;
If you have filed for an extension with the IRS, you will need to provide us with a copy of Form 4506-T;
If an extension is granted by the IRS, you will need to submit IRS Form 4868 or a copy of the IRS approval or extension beyond the automatic six-month extension;
Copies of tax returns or alternative documentation must be submitted within the appropriate deadlines established by the Financial Aid Office;
If documentation is not received, students are ineligible for Title-IV funds and are required to repay any disbursed aid; and
In some cases, students could be selected for verification after awarding and disbursements. Should this occur, the student is responsible for any overpayment (for certain Title-IV programs) received as a result of verification.

Completing Verification

Once we have received and reviewed for accuracy all the requested items for the verification process, the student will receive notification that his/her award package is available to view and/or accept online. This will include the types and amounts of aid offered and instructions for acceptance.

If a student has not received any correspondence from our office within 14 business days from the receipt date of all requirements satisfied (as displayed on HUNet), please do not hesitate to contact our office at 1-800-624-3341.

We strongly recommend that you do not attempt to change data on the FAFSA, while your documentation is under review, without first contacting our office.

Please direct all questions and inquiries to your assigned Financial Aid Advisor, as posted on the Financial Aid Office website.

ACG and SMART GRANTS (select)

The U.S. Department of Education has decided that the 2010-2011 award year will be the last year for the Academic Competitiveness Grant (ACG) and the national SMART Grant programs. With this rulemaking, the Department of Education has opted that there will be no "grandfathering" of prior recipients for either program.

ACADEMICALLY DISMISSED / SUSPENDED STUDENTS (select)

Academically Dismissed/Suspended Students who are reinstated to return to the University MUST attend one semester and complete a minimum of 12 credit hours and earn a minimum semester grade point average of 2.0, while also maintaining a cumulative grade point average of 2.0 if they attempted 48 hours or more at Hampton University, before being able to submit a financial aid appeal for aid for the subsequent semester. Thereafter, the student must also complete a minimum of 12 credit hours and earn a minimum semester grade point average of 2.0 each semester, in order to remain eligible for financial aid programs.

NOTE: Part-time students who have been academically suspended and are allowed to return to the University, must attend one semester and complete a minimum of six (6) credit hours and earn a minimum semester grade point average of 2.0 before being reinstated to the financial aid programs. The student must also complete all hours attempted and earn a minimum semester grade point average of 2.0 each semester thereafter, in order to remain eligible in all financial aid programs.

PERKINS LOAN RECIPIENTS (select)

The Perkins Loan is a federal campus-based student loan which may be offered to On-time, Pell grant eligible students based on tthe availability of funds.

Students must be enrolled in a full-time status to receive Perkins Loan monies. This loan is serviced by Hampton University.

If a Perkins loan is offered in a student's financial aid award package and then accepted, the student is required to complete a Perkins Promissory Note and Perkins Loan Entrance Counseling online. The link to complete these online processes will be accessible once available. Questions regarding online accesss for these processes can be directed to the Office of Student Acconts at 1-800-624-3327 or 757-727-5221.

ONLINE AWARD ACCEPTANCE PROCESS

To accept your award online:
- Click - Student Services & Financial Aid
- Click - Financial Aid
- Click - Award
- Click - Award for Aid Year
- Select: Financial Aid Year 2010-2011
- You MUST VIEW an READ ALL tabs: Award Overview, Resources/Additional Information
- You are REQUIRED to READ and ACCEPT the SatisfactoryAcademic Progress Policy; as well as, the Outside Sources of Aid Disclosure before you will be allowed to access the Accept Award Offer tab.
If you have questions regarding your bill or financial clearance, you must contact the Office of Student Accounts at 1-800-624-3327 or 757-727-5221.