How do I apply for financial aid and how often?
What happens after I fill out the FAFSA?
What else do I need to do to apply for financial aid?
How long does it take to find out what I have been awarded after I receive my SAR?
How is my financial aid determined?
What happens after my award has been made?
I would like to apply for a student loan – how do I?
What happens to my financial aid now that I have received my award (and accepted my loans)?
How do I pay for my textbooks?

How do I apply for financial aid and how often
Apply each year after January 1st and when you have tax information available for the prior year. Preferably by April 15th as some funds are limited.

Fill out the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov.
You will be prompted to create a PIN if you do not already have one. When completing the form, please be sure to use Saint Leo University’s federal school code: 001526
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What happens after I fill out the FAFSA?
The school’s you listed on the FAFSA will receive an electronic copy of the Student Aid Report (SAR). You will also receive notification of your processed SAR. Review it for any changes you may need to make. Changes can be made at www.fafsa.ed.gov. If you make any changes, this will in turn generate another SAR.
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What else do I need to do to apply for financial aid?

Apply for admission at the Saint Leo University Center for Online Learning. You must be a degree-seeking student with Saint Leo in order to received financial aid.

If your SAR indicates you are selected for verification you will be required to send in a copy of your tax return (and spouses if married, parents if you are a dependent student) and a verification worksheet.

• Summer 2007 – Summer 2008
• 2006 tax return
• 2007 verification worksheet
• Summer 2008 – Summer 2009
• 2007 tax return
• 2008 verification worksheet

You can mail, scan, or fax these documents.

To mail:

• Saint Leo University
• Student Financial Services
• MC2228
• P.O. Box 6665
• Saint Leo, Fl 33574-6665

To scan: colfinaid@saintleo.edu
To fax: (352) 588-8612 or (352) 588-8403
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How long does it take to find out what I have been awarded after I receive my SAR?
If your application was not selected for verification, it generally takes about 2 weeks to have your information reviewed and an award to be made.

If your application was selected for verification, it generally takes about 2 weeks to have an award to be made. Once the Office of Student Financial Services receives all requested documentation it generally takes about 2 weeks to have a financial aid award made.
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How is my financial aid determined?
Your Student Aid Report is reviewed to see if you have any grant and loan eligibility. Using the formula devised by the Federal Department of Education, financial aid staff determine if you have any grant and/or loan eligibility. These "awards" will make-up your "financial aid award" for the current academic year. You can view your financial aid award at elion.saintleo.edu.
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What happens after my award has been made?
You can accept, decline, reduce, or view your financial aid at Elion. You will need to accept your loan amounts if you would like to borrow the student loan that has been offered.
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I would like to apply for a student loan – how do I?
In order to receive student loans you must have a valid SAR on file and been awarded a federal financial aid award. The federal financial aid award will include student loans if you are eligible. You will be given the option to accept, reduce, or decline the Stafford loans offered to you. Once the Office of Student Financial Services receives all necessary online confirmations, you will receive instructions on how to complete the Electronic Master Promissory Note (E-MPN). You will choose your lender and complete loan entrance counseling during the signing of the Promissory Note.
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What happens to my financial aid now that I have received my award (and accepted my loans)?
Once you enroll in classes, your financial aid will "disburse" after the "drop/add" period. If the amount of financial aid disbursed is more than the amount of tuition charges for the term, a refund will be issued to your address on file within 14 days from the date the disbursements were made.
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How do I pay for my textbooks"
Textbooks can be purchased through our book vendor, MBS Books. Student can access the MBS website at http://bookstore.mbsdirect.net/saintleo.htm . Once you access the MBS website, click on "order my books". Then select "credit card" or "students with "financial aid". You would be considered eligible for "Students with Financial Aid" if your financial aid award for the term exceeds tuition charges and you receive, via your Saint Leo email, a voucher number from MBS Books (VB@MBSBooks.com) with the Subject of the email being "Use your Student Allocation to order your books online". If you choose "students with financial aid", you must enter your identification number (which is comprised of your first name initial, last name initial and the last four digits of you social security number, e.g. Walter Winberry might be WW9523) and student allocation number (the number sent to you in the email from MBS Books). Click "continue". Next select a term and check the Center for Online Learning. Select the books you need to complete the transaction.

Of course, students are free to purchase their books from any source. Just make sure that you purchase the correct edition.
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