• FINANCIAL AID CHANGES FOR ONLINE ENROLLMENT

    Now You Can Use Financial Aid Interchangeably for Campus and Online
    (changes do not affect financial aid for on-campus courses)

     

    The financial aid process has now changed synchronizing the accelerated online terms with on-campus semester terms (fall, spring and summer). For financial aid purposes only, the online Fall 1 and Fall 2 terms are now combined into one fall term just like a fall campus semester. Likewise, the online Spring 1 and Spring 2 terms have combined, for financial aid purposes, into one spring term. Summer remains as a separate term. This means your annual financial aid award will now be divided over three terms instead of over 5 terms. The total amount you qualify for will not change; the only change is the frequency of disbursements. This change makes it possible to use financial aid funds interchangeably for campus or online courses regardless of the difference in term lengths. This gives students more options and flexibility in planning their academic paths!

    How it Works:

    Once your annual financial aid application has been processed, you will receive one award for the upcoming financial aid term. For online students, this means you will receive one award for combined terms.

     

    1. If you plan to take classes in both the first and second online terms (for example, Fall 1 and Fall 2), it will be best to register for both terms at one time when registration opens for the first term. Your financial aid will then be applied to classes in both terms, and you will receive a refund check for any credit balance. If you owe funds for the second term, you will not need to pay until just before the second term starts.
    2. If you plan to take classes in the first term but not the second term (for example Fall 1 but not Fall 2), you will still receive funds for the entire semester-equivalent terms. This means you will receive funds for Fall 1 and Fall 2 even if you did not register for Fall 2 classes. In order to avoid having excess loans, you can use the funds to pre-pay for the next term. To discuss pre-payment or other options to avoid excess loans, contact Student Accounts at stuacct@uwa.edu or 205-652-3542.
    3. If you plan to take class in a second term but not a first term (for example you plan to take class Fall 2 but skip Fall 1), you can register at any point before the Fall 2 registration deadline. Because financial aid now recognizes only one combined term, you will still receive funds as if you had registered for both Fall 1 and Fall 2 even if Fall 1 is over. This could result in larger loans than necessary. You can use the excess funds to pre-pay for future terms. To discuss prepayment or other options to avoid excess loans, contact Student Accounts at stuacct@uwa.edu 205-652-3542.
    4. Avoid a financial aid mistake: Register for classes in both the first and second online term when registration opens for the first term. If you plan to take courses in both a first and second term and register for both at the start, financial aid will be assigned to classes from both terms. Any refund you receive will be net of the tuition for both terms. If you do not register for the second term, your refund check will include funds allotted to the second term. You will need to hold those funds to pay your term 2 tuition and fees. Avoid the hassle of reserving funds or penalties from reserving the wrong amount; register for both terms and let UWA calculate the exact amount you will owe!

    Questions about Financial Aid changes?

     

    For questions about your Financial Aid award, contact the Financial Aid office at financialaid@uwa.edu or 205-652-3576.

    For questions about your bill, contact Student Accounts at stuacct@uwa.edu or 205-652-3542.