Student Financial Services

Financial Aid Checklist


File the Free Application for Federal Student Aid (FAFSA) to be considered for federal, state, and institutional aid. The FAFSA must be submitted each year. If you are not a U.S. citizen, please refer to the Federal Student Aid website to determine whether you should complete the FAFSA as an eligible noncitizen. Students applying for the F1 student visa or the J1 exchange visitor visa are not eligible to receive federal student aid.

Financial Aid Offer

Your financial aid offer, including updates and revisions, may be found 24/7 on Road to Xavier. Please be advised that your financial aid offer is subject to revision based on changes to your FAFSA form and/or the receipt of additional grants or scholarships. (Learn more about Xavier Grant and Scholarship requirements.) You also should review our Financial Aid Glossary to gain a greater understanding of terms and phrases found on the Financial Aid Offer.


About one-third of all FAFSAs are selected for a process called verification. Schools are required to collect tax and other household data to verify information on the FAFSA. If your application is selected for verification, you will be notified bi-weekly (to your preferred email address) about the additional information needed to finalize your financial aid offer. Documentation should be submitted to the Office of Student Financial Services by June 15th to ensure that your financial aid offer will appear on your fall ebill.

Direct Subsidized and Unsubsidized Loan Requirements

If you choose to accept your federal student loans, first-time borrowers must electronically sign the Master Promissory Note (MPN) and complete entrance counseling. Both items must be completed for your Direct Loan(s) to disburse. If you choose to decline your federal student loans, you must email the Office of Student Financial Services at There is a 1.057% loan fee for the subsidized and unsubsidized loans. (Click here to view a video guide that will walk you through completing the the student loan requirements.)


Your initial fall billing statement will be available at the beginning of July. We offer several options for payment, such as, PLUS loans, private loans, payment in full, and monthly payment plans. For more information about billing and payment due dates, visit the Bursar's website or contact the Bursar’s Office at

Loan Options

Federal Direct PLUS and alternative/private loans are options to bridge the gap between the cost of attendance and your financial aid offer.

  • Federal Direct PLUS loans have a fixed interest rate. Parents apply directly at There is a 4.228% loan fee for the PLUS loan.
  • Alternative/Private loans have fixed or variable interest rates. Xavier uses FastChoice as a way to provide families with information on private loans in an easy-to-understand format. Link to FastChoice to use this tool and apply directly through your lender of choice.

Families are encouraged to submit PLUS/private loan applications by June 30th.

Waive Health Insurance

All full-time undergraduate students are required to have current health insurance coverage. If you already have medical insurance coverage and do not need to utilize Xavier’s Student Health Insurance Plan, be sure to waive the insurance so you are not charged for the premium on your student billing statement. To learn more about Xavier’s health insurance or to waive coverage, visit Xavier also offers a tuition insurance program to protect your investment should you need to withdraw due to injury or illness. To learn more, visit