Financial Aid Memo - September 2022
The Office of Financial Aid is looking forward to the Fall 2023 semester. Below are important financial aid action items and policies for students.
Student To-Do List
- Complete your 2023-2024 FAFSA as soon as possible. You can either:
- If you or your family is selected for Verification, do not wait. Submit
the requested documents as soon as possible.
- The Office of Financial Aid will notify you, via mail and/or email, if you or your family is selected for verification.
your BearsNet account throughout the summer break.
- View your account to determine which financial aid documents have been requested or received, as well as your 2023-2024 financial aid offer.
Please note that
students must have a 2023-2024 FAFSA on file with Shaw University in
order to register for Fall 2023 courses.
Below are important institutional policies regarding institutional aid and non-institutional aid (outside scholarships). Please review these policies to be more informed regarding 2023-2024 financial aid offers.
Students can receive only one (1) institutional scholarship or grant with the exception of athletes, who may be participating in multiple sports. In cases where a student is offered multiple scholarships or grants; however, Shaw University will honor
the single scholarship or grant offering the largest dollar amount.
Institutional aid includes, but is not limited to, the following funds: Shaw education grants, athletic scholarships, band scholarships, choirs scholarships and presidential scholarships.
The Office of Financial Aid communicates with all University departments when completing your financial aid offer; however, on occasion, you may be offered a scholarship or grant after the Office of Financial Aid has completed your initial financial aid
offer. For example, in your initial financial aid offer, you are offered a Shaw education grant in the amount of $3,500. Subsequently, you are offered a $9,000 band scholarship. In this case, your $3,500 Shaw education grant would be removed from
your financial aid offer and replaced with the $9,000 Band Scholarship. You would not be entitled to a $12,500 offer. Shaw Education Grants are designed to help cover student’s balances from Direct Cost - not to generate overages or refunds to students.
Aid (Outside Scholarships)
The Office of Financial Aid must consider Non-Institutional Aid when completing your financial aid offer. When the Office of Financial Aid receives notification that a student has received non-institutional aid (such as a UNCF scholarship) and your total
offer exceeds Shaw University’s cost of attendance (as defined by the Department of Education), the Office of Financial Aid will reduce a portion of your existing financial aid offer. When reducing your financial aid offer, we will reduce your funds
in the following order:
- Direct PLUS Loan
- Direct Unsubsidized Loan
- Direct Subsidized Loan
- Federal Work-Study
- Institutional funds.
For example, if your total financial aid offer is at $29,378 (On-campus budget) and you subsequently receive an additional UNCF scholarship for $2,000, which will take you over budget, we will reduce your financial aid offer by $2,000 in the aforementioned
order to prevent over-offering.
For questions about a 2023-2024 financial aid offer and financial aid management, please schedule an appointment to speak with Mr. Ibrahim Bah, financial aid director.