DETERMINING AWARD AMOUNTS
The Office of Financial Aid determines a student's financial aid award after reviewing the results of their FAFSA. We begin awarding in late March each year.
Financial aid awards may include a combination of scholarships, grants, loans and/or work-study.
The following charts show sample awards for freshmen early applicants classified as in-state for tuition purposes, living on-campus enrolled full-time for both fall and spring:
|DEPENDENT FRESHMAN STUDENT
SAMPLE FINANCIAL AID AWARD PACKAGE
FOR THE SCHOOL YEAR 2014-2015
FOR EARLY APPLICANTS
(FAFSA submitted by 2/15/14)
|Cost of Attendance*
| RESOURCES (Subtract from Cost of Attendance)
| Expected Family Contribution (EFC)
| Merit Scholarship
| Private Scholarship
|Demonstrated Need for Financial Aid
|FINANCIAL AID OFFERED
|Colorado Student Grant
|Stafford Loan (subsidized)
|Stafford Loan (unsubsidized)
|Federal Direct Parent Loan
|Total Financial Aid Offered
*Cost of Attendance includes tuition, fees, estimated books/supplies, room, board, personal/miscellaneous and transportation costs. Tuition reported here includes "students' share" of tuition only and does not include the Colorado Opportunity Fund (COF) component which entails the "total cost of tuition". Please visit the Controller's Office Website for a more detailed schedule.
ACCEPTING FINANCIAL AID
Once a student's financial aid awards have been established, a student must accept their aid, via their WebOPUS account. The student must read and accept "terms and conditions" and then accept or decline individual aid offers. If a student accepts any Federal Stafford Loan offers, and they are a first time borrower at Fort Lewis, they must also complete their loan entrance counseling and master promisory note at studentloans.gov Aid must be accepted and all requirements complete by Census, in order for aid to disburse. Aid not disbursed by Census date of the first term the student begins the academic year will be cancelled (excluding Pell Grant and Federal Stafford/Plus Loans.)
If a parent wants to borrow through the Parent Plus Loan Program, and they are a first time borrower at Fort Lewis College, they must have their student accept the loan in their WebOPUS account, and then the parent must complete and return a Parent Loan Authorization form to the Office of Financial Aid, and complete their master promisory note on studentloans.gov
FINANCIAL AID DISBURSEMENT
Financial aid disbursements are initially based on enrolled hours. Undergraduates must be enrolled in at least 12 credit hours per term for most types of aid to be disbursed (Graduate students: 9+ credits is fulltime, 6-8 is ¾ time, 4-5 is ½ time). Undergraduates enrolling in less than 12 credit hours must notify the Office of Financial Aid, in writing, prior to the start of the term, in order for their aid to disburse according to enrolled hours. Aid is locked at Census Date and will be adjusted based on enrollment status. Remember, some aid requires that a student enroll in a minimum of 15 credit hours per term. A student should research the criteria of their award(s).
Financial aid is automatically credited to your bill each term when we confirm your full-time enrollment. Financial aid amounts will be adjusted according to hours enrolled in on Census date each term.
Financial aid can be paid for repeated coursework. However, there are limitations:
- Failed and withdrawn courses can be repeated with financial aid coverage multiple times until a passing grade is received.
- Courses that have ever been completed with a passing grade may be retaken only once more and be covered by financial aid.
- Any additional repeats will not be eligible for financial aid.