The following questions may help you as you make financial arrangements to attend Southern. You may also download the Financial Help Booklet, which contains additional information.
March 31 is the priority date for financial aid. This is the day Southern begins awarding funds. To meet this deadline, we suggest completing the FASFA by March 1.
Yes. There are still grants, scholarships, and loans available—including need-based grants from the government, merit or academic scholarships from Southern, and federal Stafford loans. Southern's need-based grants are limited, so file early for the best chance of receiving these grants.
Yes. Many families mistakenly think they don't qualify for aid when they do. In addition, there are a few sources of aid such as unsubsidized Stafford and PLUS loans that are available regardless of need. The FAFSA (Free Application for Federal Student Aid) form is free, so it's worth trying.
Southern's Title IV code is 003518.
No. Applying for admission and applying for financial aid are two separate processes.
No. You can apply for financial aid for the following academic year any time after January 1. You must be accepted at Southern to receive a financial aid award letter.
Yes. You are required to apply for financial aid every year. If your financial circumstances change, you may qualify for more or less aid. After your first year, you will receive a renewal application that contains preprinted information from the previous year's FAFSA. Note that your eligibility for financial aid may change significantly, especially if you have a different number of family members in college. Renewal of your financial aid package also depends on your making satisfactory academic progress toward a degree.
Submit a FAFSA. For Federal Work-Study, student loans, and parent loans, check the appropriate boxes on the FAFSA.
In general, the student is responsible for repaying educational loans. Parents are responsible for federal PLUS loans, however. Also, they are responsible for your educational loans if you are under 18 and they endorse your loan.
Not immediately. The subsidized Stafford loan has a grace period of six months and the Perkins loan a grace period of nine months before repayment begins. When you take a leave of absence, you don’t have to repay your loan until after the grace period. However, if you use up the grace period you will have to begin repaying your loan immediately upon graduation. It’s possible to request an extension of the grace period, but this must be done before the grace period is used up. If your grace period runs out in the middle of your leave, you’ll have to make a payment on your student loans.
If you enroll in Christian Service (at 6 credit hours per semester) and fill out a deferment form notifying your lender of this, your loans will be deferred.
If you are receiving any kind of financial aid from university, government, or other sources, you must report the scholarship to Student Finance.
Call 1.800.4.FED.AID (1.800.433.3243) or 1.800.730.8913 (if hearing impaired) and ask for a free copy of The Student Guide to Financial Aid from the U. S. Department of Education. You can also visit: The Department of Education's Financial Aid website or write to:
Federal Student Aid Information Center
PO Box 84
Washington, DC 20044
The money you earn from the Federal Work-Study program is generally subject to federal and state income tax but exempt from FICA taxes (provided you are enrolled full time and work less than 20 hours a week). Federal Work-Study earnings during the calendar year should be included in the totals for AGI (adjusted gross income) on the previous year's FAFSA (question 39), income earned from work (question 42), and the total from worksheet C (question 46).
No. Only the original FAFSA form produced by the U.S. Department of Education is acceptable.
If you haven't received a Student Aid Report (SAR), call the federal processor at 319.337.5665. You must provide your Social Security number and date of birth as verification. To find out whether your FAFSA has been processed or to request a duplicate copy of your SAR, you may write to:
Federal Student Aid Programs
PO Box 4038
Washington, DC 52243-4038
If your parents are separated or divorced, the custodial parent is responsible for filling out the FAFSA. The custodial parent is the parent with whom you lived the most during the past 12 months. Note that this is not necessarily the same as the parent who has legal custody. If you haven’t lived with one parent more than the other, the parent who provided you with the most financial support should fill out the FAFSA.
Yes. If your step parent is married to the parent you're living with (your custodial parent), the income and assets of the step parent must be reported—even if the step parent wasn't married to your parent the previous year.
The main sources are the federal government, state government, the private sector, and Southern Adventist University.
Need-based awards are given to students based on financial need as determined by the FAFSA. Merit-based awards (scholarships) are given on the basis of student accomplishments, regardless of financial need.
File your FAFSA anyway. While you won't be eligible for the Tennessee Grant, other funds may still be available.
Check out the Tennessee Lottery Scholarship website.
Your local library has helpful publications such as:
You may try searching online for terms such as "scholarships," "financial aid," and "education aid." Check out Fastweb for a comprehensive search on scholarships. Look up the U. S. Department of Education's Student Guide to Financial Aid, or the Financial Aid Information Page.
Absolutely! Many students work to help pay their education expenses. For information about on-campus job opportunities, contact any department directly or Human Resources at 423.236.2276 or visit the job listing website.
If you are selected in a process the government calls verification, you are required to submit these documents. Student Finance will notify you if this happens. Southern will need a Verification Worksheet from you and a copy of your most recent tax transcripts. An easier option would be to use the IRS Data Retrieval Tool that FAFSA provides for you. Just go to www.fafsa.gov and choose the link to "make FAFSA corrections". Here are complete instructions for the process.
If you aren’t selected for verification, you will not be required to submit any documents, and you’ll be awarded based solely on the electronic student aid report (SAR) that Southern will receive from the government. The SAR is based on information you submitted via the Free Application for Federal Student Aid (FAFSA).
Plan on about $550 per semester.
Cost of attendance includes tuition, fees, room, board, books, and miscellaneous expenses. View more about tuition and expenses.
Financial need is the difference between your yearly cost of attendance and your expected family contribution. You can think of it this way:
cost of attendance - expected family contribution = financial need.
Yes, the Federal PLUS (Parent Loan for Undergraduate Students) is a low-interest loan available to parents. Your student finance counselor can provide brochures with additional information.