Contact Us

financial-aid@svsu.edu
(989) 964-4900
(989) 964-4291

Federal School Code

002314

Office

Wickes 141

Hours

Fall/Winter Semesters
Monday, Thursday, & Friday
8:00 am - 4:30 pm
Tuesday & Wednesday (during the Fall/Winter semesters, when classes are in session)
8:00 am - 6:00 pm


Important Financial Aid News & Updates 

Federal School Code : 002314

Spring/Summer 2014 and Fall 2014

2013-2014 FAFSA
You can still submit the 2013-2014 FAFSA to apply for aid for the Fall 2013, Winter 2014, and Spring/Summer 2014 semesters. The application deadline is June 30, 2014. In most cases, it is imperative that you file the FAFSA before your enrollment period ends and aid typically must be disbursed before enrollment ceases. Please contact the Campus Financial Services Center if you have questions.

SPRING/SUMMER 2014 FINANCIAL AID
-The 2014 Spring/Summer Federal Grant, Scholarship, and/or Student Loan Request Form (536kB) is still available. Conditions do apply, see the form for details.
-Award letters notifications are emailed after your financial aid file is complete and all necessary information is reviewed. As always, you can view your award letter on Cardinal Direct. All Spring/Summer Financial Aid appears in the Spring 2014 term in the account summary information.

SPRING/SUMMER 2014 BOOKSTORE FUNDS
- Financial Aid is first applied to tuition and fees. If tuition and fees and/or housing costs are covered by financial aid or other payment, up to $610 can transfer to the SVSU Bookstore to use the week before classes begin. To opt-in to this program go to Cardinal Direct, and click on “Bookstore Advance Opt-In”. You will need to let the Bookstore know you do have excess financial aid when paying for your books.
-The excess aid will be at the bookstore starting the week before Spring classes only.
-Your loan must be disbursed before the funds can be available at the bookstore. Look at your Account Summary by Term on Cardinal Direct for the Spring/Summer 2014 semester. If you see that your loan funds have disbursed to your account, your bookstore funds should be available to you on the next business day by 12:00pm. Check Cardinal Direct to confirm you have a bookstore credit by going to Account Summary by Term and looking for "FA Bookstore Advance". If you see this on your account, your excess funds are available at the bookstore.
-The bookstore process for Spring/Summer begins May 5th and ends May 16th.
-The Bookstore Advance Process will not happen for students enrolled only for the Summer session.  “Book Only” awards will still process as normal. Please contact the Campus Financial Services Center for details or questions. 

SPRING/SUMMER 2014 REFUND CHECKS
-Loan refund checks will begin to be disbursed the first week of the Spring 2014 session for students enrolled in the Spring session only or both the Spring and Summer sessions. Summer only loans are not disbursed until after the Summer session begins. Check Cardinal Direct to see your current account summary by term. If you have a credit that results from your disbursement, you should expect a refund.
-Credit on a student's account will be refunded according to the University's refund policy.
-Excess federal funds are refunded within two weeks of being transmitted to the student account. Check your account summary by term on Cardinal Direct to ensure your federal funds have transmitted.
-Excess scholarships, grants, and all other aid are disbursed after the Summer session refund period (the point in which you can no longer drop a class and receive a refund (see the Registration page for details), which is typically two weeks into the session.
-You can monitor Cardinal Direct to see when Student Financial Services has disbursed your refund to you via check (voucher) or direct deposit to your Independent Bank account (if applicable).
-Some conditions do apply, contact the Campus Financial Services Center if you have questions.

2014-2015 FAFSA
Ability to apply for the 2014-2015 FAFSA began on January 1, 2014. This FAFSA covers Fall 2014, Winter 2015, and Spring/Summer 2015. Applying online is easier and more accurate; go to www.fafsa.ed.gov. SVSU has no deadline, but encourages early application. To get a PIN go to www.pin.ed.gov. The FAFSA form must be completed for each year you wish to apply for financial aid.

FINANCIAL AID FOR FALL 2014/CHANGING ENROLLMENT
-We have begun to process financial aid for the 2014-2015 academic year.
-Email notification of your FA Award Letter will be sent after your financial aid file is complete and all necessary information is reviewed. As always, you will be able to view your award letter on Cardinal Direct.
-Students MUST submit a 2014-2015 Budget/Enrollment Change Form (157kB) to adjust their financial aid. Please submit the form after you receive your 2014-2015 Financial Aid Award Letter email notification if you plan on attending for anything other than the status listed on your award letter.
-Please respond to any correspondence as soon as possible so that the awarding of your financial aid will not be delayed.

PAYMENT DUE DATES (Includes Tuition, Fees, and Housing)
Summer 2014: Wednesday, May 7, 2014
Fall 2014: Wednesday, July 30, 2014
Winter 2015: Wednesday, December 3, 2014
-All payments are due by 6:00 p.m. either in the Campus Financial Services Center (check or cash only) or you can pay online by check or accepted credit card at http://cardinaldirect.svsu.edu.
-All charges for REGISTERED COURSES AND HOUSING will be posted on CARDINAL DIRECT.

THE SVSU FINANCIAL AID OFFICE HAS GONE ELECTRONIC!!
That means you will receive your correspondence by SVSU email! There are also new enhancements on Cardinal Direct (self-service) at my.svsu.edu that we think you will find very useful. They are under the “Student Menu”, then “Financial Aid”:
1)     Financial Aid Missing Information: This is where you can view the status of your financial aid file, and see where you are at in the process. Up-to-date information will show if we received your FAFSA (Free Application for Federal Student Aid) results, and what else we may need to collect from you. For more details, check out the page after you file your FAFSA!
2)     My Carbon Copy Email Addresses: This is where you can enter up to two additional email addresses that you would like carbon copies of your SVSU emails sent to. You may want to enter a parent’s email address (if applicable), so your parent(s) will be up to date on your information. Not all emails will be carbon copied and not all offices will utilize this function (go to the page for more information). The Office of Scholarships and Financial Aid will utilize this function for emails that detail information needed to complete your file, award letter notifications, enrollment status and renewal requirements for scholarships, loan information, and other award requirement and eligibility information. Some emails will ONLY go to your SVSU email address.
3)     SVSU Financial Aid Opt-In: This is where you confirm that you are willing to view, accept, and reject your scholarships and financial aid online. That’s right! In most cases, you will no longer need to print, sign, and return your award letter to accept your awards. You will be able to do it all on Cardinal Direct after you “opt-in”!
4)     Financial Aid Award Letter – Accept/Reject Awards Online: Financial Aid Award Letter – Accept/Reject Awards Online: As long as you have “opt-ed” in for electronic acceptance of your Financial Aid, you will be able to view this page online. Watch your SVSU email for more information as to when your Award Letter will be available!

DROPPING CLASSES or WITHDRAWING COMPLETELY or NOT ATTENDING?
-If you drop classes during the refund period of the semester, your awards may be affected and you may risk losing your financial aid in future semesters (this includes any institutional, state, federal, as well as some other types of funding). Financial Aid is typically based on the number of credits you are enrolled in after the last day to drop with a refund. Please contact the CFSC if you are considering dropping any courses.
-If you are planning to withdraw from all of your courses or if you have decided to stop attending your courses, your financial aid WILL be affected. Please contact the OSFA as soon as possible if you are considering withdrawing.
-Federal financial aid is awarded based on your intent to attend. If you do not attend classes, your awards will be affected, even if you do not officially withdraw. See the Terms and Conditions on our website for more information.

NEED ADDITIONAL FUNDS?
Does your financial aid meet or exceed your expected Cost of Attendance? No? Alternative loans are available to help you meet your educational costs.