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The BYU-Idaho Financial Aid Office is here to help you understand all aspects of the financial aid process, including the different aid options that are available. Some of these options include federal financial aid (Pell Grant & Direct Student Loans), scholarships, Idaho Work Study, etc.
Financial aid funds are to be used for educational expenses. This includes:
- Tuition and class fees
- Books and supplies
- Living expenses, including, but not limited to:
- Clothing and personal items
- Travel costs to and from BYU-Idaho
Financial aid is not to be used to go on vacations, purchase cars, etc. These funds are intended to assist you in obtaining your education. Internships and Study Abroad programs through BYU-Idaho are considered educational expenses.
It is important to know that your dependency status is not determined by whether or not your parents claim you on their taxes as a dependent. The Department of Education has their own determination criteria when awarding federal financial aid.
When you complete your FAFSA, you will be asked a series of dependency questions. If you can answer “yes” to one or more of those questions, you are considered an independent student. If you cannot answer “yes” to one or more of the questions, you are considered a dependent student. You can find more information on dependency status at Studentaid.gov.
Your financial aid award is disbursed within the first full week of the semester if you submitted your FAFSA and all requested documentation by the priority deadline. Occasionally, some awards are disbursed earlier or later than others depending on outside factors.
Once your financial aid is received, the Bursar’s office applies it to your personal account at BYU-Idaho. They will apply your financial aid to your tuition and healthcare charges, if applicable, and any remaining funds will be available for direct deposit by enrolling in eRefund. If you are not enrolled in eRefund, a check will be mailed to your address on file in approximately 10 business days.
You can see where your financial aid funds have been applied to your different charges by clicking on the “show history” link next to the type of aid you’ve received. Amounts showing in red are funds you still owe to the university, while amounts listed in green are available to you.
If you are currently serving or will be serving a mission in the near future, please visit the Admissions web page for the necessary steps to defer your enrollment before your leave, or to re-enroll once you return home.
It is important to know that deferring your enrollment with BYU-Idaho does not defer any student loans you may have received prior to serving your mission. To avoid defaulting on your loans, contact your loan servicer as soon as possible prior to leaving, and ask about income based repayment and other options for while you are away.