Frequently Asked Questions

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  • Private Student  Loan Questions
  1. What is a private student loan?
  2. How do I apply for a private student loan?
  3. When should I apply for a private student  loan?
  4. Do I need to have a co-signer for a private student loan?
  5. When do I have to begin repayment on my private student  loan?
  6. Can I consolidate my private student  loans with my federal loans?
  7. Does interest accrue on private student loans?
  8. What are the interest rates on private student loans?
  • FAFSA Questions
  1. When should I file my FAFSA application?
  2. Do I need to fill out a FAFSA every year?
  3. Do we need to file our Federal Income Tax Returns before completing the FAFSA?
  4. What is the deadline to file a FAFSA?
  5. Do I need to include parent information on the FAFSA if they do not claim me on their taxes?
  6. Do I need to include parent information on the FAFSA if they do not support me financially?
  7. How does Carroll College receive my FAFSA information?
  8. What is the Federal School Code for Carroll College?
  9. How do I make corrections to my FAFSA?
  •   Award Letter Questions
  1. How do I get to my award letter?
  2. How long do I have to decide whether or not I want to accept my financial aid award?
  3. Do I have to complete all of the steps?
  4. Do I have to do all the steps each time I view my award?
  5. Do I have to qualify my award letter?
  6. Can my financial aid change?
  7. I have already accepted my award letter online and I received a notice to go online and accept my award again, why?
  • Federal Work Study Questions
  1. What is Federal Work Study?
  2. How can I find a work-study job?
  3. Will I receive credit on my billing statement for work-study?
  4. How much does work-study pay?
  • General Questions
  1. What is Federal Student aid?
  2. What kinds of federal student aid might I receive?
  3. When will I receive my financial aid award letter?
  4. Can I use some of my financial aid to pay the enrollment deposit?
  5. If I do not complete my degree until my 5th academic year, how does that affect my eligibility for aid?
  6. If I drop a class during the semester, how will this affect my financial aid?
  7. If I have a credit on my student account, will I receive a refund?
  8. Do students receive a late fee for delinquent student accounts?
  • Parent PLUS Loan Questions
  1. What is a Parent PLUS Loan?
  2. How do I apply fro a Parent PLUS Loan?
  3. When should I apply for a Parent PLUS Loan?
  • Scholarship Questions
  1. How do I apply for Carroll College endowed scholarships?
  2. Will I get an endowed scholarship every year?
  3. Are there any other scholarships I can apply for?
  • Special Circumstance Questions
  1. My parent just lost their job, but we already filed the FAFSA, is there anything we can do to reflect the change to our income?
  2. Our family has had a lot of medical expenses this year, but there is not any place on the FAFSA to indicate this, what can we do?
  • Study Abroad Questions
  1. What type of aid can I receive for study abroad programs?
  2. How do I apply for study abroad financial aid?
  3. When do I apply for study abroad financial aid?
  4. I applied for study abroad financial aid and decided not to go on trip, what do I do about my financial aid offer?
  • Summer School Questions
  1. Will summer school aid reduce the amount of aid I receive next year?
  2. What type of aid can I receive for summer school?
  3. How do I apply for summer school financial aid?
  4. When do I apply for summer school?
  5. I applied for summer school financial aid and have decided not to attend, what do I do about my financial aid?
  • Verification Questions
  1. What is verification?
  2. When do I have to complete verification?
  3. Can verification affect how federal aid is applied to my account?
  4. What happens if my parents or I do not file our federal taxes by the deadline?