FAQs on Financial Aid

1. Am I independent? Can I file the FAFSA as an independent student?
2. How does Husson treat aid that I get from outside sources?
3. What if my parents refuse to pay the expected family contribution (EFC)?
4. Why is the loan amount on my bill less than the amount on my financial aid award letter?
5. What is Husson University's federal school code?
6. What is the difference between Subsidized and Unsubsidized William D Ford Direct loans?
7. How many credits must students carry in a semester to be considered full-time?
8. How many credits must students take in order to be eligible for financial aid?

1. Am I independent? Can I file the FAFSA as an independent student?
For an in-depth explanation federal dependency guidelines, click here. 

2. How does Husson treat aid that I get from outside sources?
If you have room remaining in your cost of attendance, we will be able to add the outside aid without it affecting the financial aid package. If you are fully funded, we may need to adjust the aid package. You will be notified in writing if this occurs.

3. What if my parents refuse to pay the expected family contribution (EFC)?
Husson believes that the first responsibility to pay for a child's education rests with the parents. Willingness or unwillingness to pay has to remain within the family. Note that your Expected Family Contribution is not your Husson University bill. For information on financing solutions, please contact our office.

4. Why is the loan amount on my bill less than the amount on my financial aid award letter?
Per federal regulations, there may be origination and default fees that are deducted from the amount that a student and/or parent receives in Stafford and PLUS loan funds. The total amount disbursed may be less than the actual amount borrowed. Fees for alternative loans vary - contact your lender for more information.

5. What is Husson University's federal school code?
Our school code is 002043.

6. What is the difference between Subsidized and Unsubsidized William D Ford Direct loans?
The government pays the interest on Subsidized loans while you are in school and during authorized periods of grace and deferment. You are responsible for the interest that accrues on an Unsubsidized loan, which you may opt to pay while in school or defer until you go into repayment. Click here for more information.

7. How many credits must students carry in a semester to be considered full-time?

• Full time enrollment is 12 or more credits in a semester.
• 3/4 time enrollment is 9-11 credits in a semester.
• 1/2 time enrollment is 6-8 credits in a semester.
• Full- and half-time status for graduate students varies. Contact the Financial Aid Office for more information.
  

8. How many credits must students take in order to be eligible for financial aid?
Undergraduate students must be at least half time (6 credits) in order to be eligible for most types of financial aid.