Federal Student Aid Information

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The Free Application for Federal Student Aid (FAFSA) determines eligibility for grants, loans and student employment, along with admission to Post University. Post University undergraduate students may qualify for some federal aid if enrolled in a minimum of three credits in a semester or module. Students must complete financial aid documentation at least one week prior to the start of a module. A Financial Aid Advisor can help you through the financial aid process. Please review the following important information regarding federal student aid.


Verification
Verification is a process created by the U.S. Department of Education (ED) to confirm the accuracy of information submitted on the FAFSA (Free Application for Federal Student Aid). This process ensures students are awarded the appropriate types and amounts of federal funds. The Department of Education or the institution can select students for verification. It is strongly recommended students use the IRS Data Retrieval Tool to improve accuracy when completing their FAFSA on the web. Students selected for Verification will be notified on the Student Aid Report (SAR) and will receive notification from the Financial Aid Office.


The National Student Loan Data System (NSLDS)
The National Student Loan Data System (NSLDS) is the Department of Education’s central database for tracking student aid. It contains information about all of the Title IV student grants and loans that students received from the federal student aid programs. Students can access their aid information online at https://www.nslds.ed.gov/nslds/nslds_SA/ using their FSA ID.


Loan Counseling
Loan Counseling is required to help students understand their rights, responsibilities and obligations of borrowing from the federal loan programs. During loan counseling, students will receive information on loan interest rates, repayment periods and minimizing the risk of defaulting on a federal student loan.

  • Entrance Counseling — First-time borrowers must complete an Entrance Loan Counseling session prior to receiving the first disbursement of their loan. The session will provide useful tips and tools to help develop a budget for managing educational expenses as well as educate students on loan responsibilities. Entrance counseling can be accessed at https://studentloans.gov/myDirectLoan/entranceCounseling.action?execution=e2s1

  • Exit Counseling — Students are expected to complete Exit Loan Counseling before leaving school to ensure they understand their rights and responsibilities as a borrower. Students will be provided information about repayment, and the loan servicer will notify students of the date of loan repayment, which usually begins six months after graduation, leaving school or dropping below half-time enrollment. Exit counseling can be accessed at https://studentloans.gov/myDirectLoan/exitCounseling.action?execution=e3s1



Federal aid is available to those who qualify and can be vital for students wanting to attend college. To learn more about how Post University can make education more affordable and more valuable, visit the Tuition & Fees page to guide you through your educational expenses.