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Agenda:

• Welcome and Introduction of Panelists
• Emergency Aid Program
• Financial Aid Process and Deadlines
• Merit Scholarships for Continuing Students
• Financial Aid Appeals Process
• Important Next Steps
  • Fiscal Clearance
  • Payment Plans

Financial Aid Process & Deadline:

• Complete FAFSA
  • Fafsa.gov or studentaid.gov
  • Summer School – Requires 2019/2020 FAFSA
  • Fall Term – Requires 2020/2021 FAFSA
• Financial Aid Offer Notification – sent to �ؾ��� email
• To accept/adjust/decline – visit Banner Web
• Parent Plus Loans cannot be accepted by the student
• For additional information, visit
• Congratulations, Graduating Seniors!
  • Exit Counseling Extended to May 1
• Summer School
  • Deadline Extended to May 8
• FAFSA & Verification Documents
  • June 1 – Financial Aid/Estimated Offer
• Professional Judgment
  • June 1
• Satisfactory Academic Performance (SAP) Appeal
  • July 10

Scholarships:

• Continuing Students - Merit Scholarship Update
• TOPS (Louisiana Students)
  • Continuing
  • Incoming
• Visit Scholarship Search Database for Outside Scholarship Opportunities

Financial Aid Appeals:

• Satisfactory Academic Progress
  • Not meeting – Email notification with details
  • File an appeal on or before July 10
    
    • For extenuating circumstances that caused a substantial change in income, call the financial aid office ASAP
    • June 1

Fiscal Clearance Process and Deadlines:

• You will automatically be Fiscally Cleared if you have a zero or credit balance.
• If your financial aid (including scholarships) does not cover the entire cost of tuition, fees and housing (if applicable) you will have a “minimum payment required”. 
• Please submit your required minimum payment to be Fiscally Cleared.  Payments can be made online by logging into your Banner Web account or by mail:
  • �ؾ���, Office of Student Accounts: 1 Drexel Drive, Box 121 New Orleans, LA  70125
• Required payment (1/2 due to the Office of Student Accounts) by the following dates:
  • May 20, 2020 – Summer 1 & 3, 2020
  • June 22, 2020 – Summer 2, 2020
  • July 17, 2020 – Fall 2020

Payment Plan Process:

Summer 2020 Payment Plan

• Summer 1: May 25 is the final day for fiscal clearance.  The final payment for Summer 1 is due on or before June 26, 2020.
• Summer 3: June 5 is the final day for fiscal clearance.  The final payment for Summer 3 is due on or before July 31, 2020.
• Summer 2: June 26 is the final day for fiscal clearance.  The final payment for Summer 2 is due on or before July 31, 2020.

Fall 2020 Payment Plan

• By fiscal clearance deadline, July 17, ½ of the balance after financial aid is due.
• ½ of the remaining balance is due on or before September 30, 2020.
• Final payment is due on or before October 31, 2020.

Important Contact Information:

• Emergency Funding – emergencygrant@xula.edu
• Financial Aid – finaid@xula.edu
• Student Accounts – stuaccts@xula.edu