Financial Aid

The information listed below was compiled by Todd Everett, Senior Associate Director for Office Operations. For more information about financial aid and moving off campus please go to the website for Financial Aid.

• If a student decides to move off campus and is on financial aid, their financial aid award will not change.
• When a student lives off campus the financial aid office uses the average room and board charges for determining what it may cost a student to live off campus. The financial aid office will process student/parent and private loans to cover the commensurate costs in any given year.
• If a student borrowed additional loans to cover living on campus they will be issued a refund at the beginning of each term to pay off-campus expenses. Students will not receive any refunds until their tuition and fees owed to the university are covered. Refund checks may be issued after your first month’s rent is due. Think about how will you pay for this.
• The financial aid office does not include expenses such a security or utility deposits in financial aid calculations due to the fact that you will most likely be issued that deposit back when you move out of the premises. So, plan on setting this money aside prior to signing a lease or signing up for utilities!
• Living off campus is not necessarily less expensive than living on campus so please budget accordingly, especially when you may receive a refund that is intended to last the entire semester.