Your Aid Offer FR AMI NGHAM. E DU/ F I NANC I AL A I D UNDERSTANDING YOUR OFFER LETTER Your f inancial aid offer is for the full academic year. The offer notice may also list any outside aid that you told us about. Your offer let ter indicates the enrollment status (full -time or par t-time) and housing status upon which your f inancial aid is based. ESTIMATED OFFERS Some students will receive an estimated offer let ter. Estimated offers are given to students who must submit additional documentation before their f inancial aid can be f inalized. The federal government selects some students for verif ication, a process that requires f inancial aid counselors to check the information repor ted on the FAFSA using documents provided by you. If your f inancial aid is estimated, information about the required documents is included with the offer let ter and must be received before a verif ied f inancial aid offer can be issued. Students should make every at tempt to submit all documentation as soon as possible. Estimated f inancial aid may change as a result of verif ication. Failure to submit required documents may also result in reduction or cancelation of f inancial aid. LOAN AMOUNTS Your offer let ter may contain Federal Direct Loans and/or a Massachuset ts No Interest Loan. You may choose to decline or reduce the student loans offered to you. To do this, you can email us at f inancialaid@framingham.edu. If we do not hear from you by the star t of the fall semester, we will assume that you plan to borrow the full amount of student loans available to you, and we will process those loans accordingly. Students can complete their Master Promissory Notes and Entrance Counseling requirements for Direct Loans at studentaid.gov. Borrowers in the Massachuset ts No Interest Loan program will be contacted by the Financial Aid Off ice to complete disbursement requirements early in the fall semester. OUTSIDE RESOURCES Students are encouraged to apply for outside scholarship and grant funding. Your high school counsel ing off ice is a great resource for local scholarships. You may also want to view scholarship websi tes such as collegeboard.org and fastweb.com. We discourage students from using any scholarship service that charges a fee. If you receive any type of outside/private scholarships or f inancial assistance, you must communicate the dollar amount of the offer to the Financial Aid Off ice. You may do so by submi t ting a copy of the notif ication let ter to our off ice and the Student Accounts Off ice. Types of assistance that must be repor ted include but are not l imi ted to: private scholarships, tui tion waivers, AmeriCorps, Veterans Benef i ts, and Massachuset ts Rehabi l i tation Assistance. Depending on the amount and type of funding, other f inancial aid offers may be adjusted. If your f inancial aid offer must be adjusted due to receipt of outside assistance, the pol icy followed at FSU is to reduce your f inancial aid in the following order : MASSGrant PLUS, Direct Loans, other self-help, (such as Massachuset ts No Interest Loan, Federal WorkStudy), and Grants. State regulations may require us to reduce your MASSGrant PLUS if you receive outside grant/scholarship aid.
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