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Students on Campus - Oct 2023

Financial Step-by-Step Guide for New Students

How much is school going to cost? Study our Cost of Attendance so you know what to expect!

Then follow our step-by-step guide for Financial Aid success! Maximize your potential by applying for every Financial Aid opportunity!

Step-by-Step Guide

How Do I Apply for FAFSA?
What Scholarships Are Available to Me?
What Are the Best Kept Financial Aid Secrets?
How Can I Plan Ahead?
Accept Loans Only if Necessary
How Do I Get My Money?

Step 1: How Do I Apply for FAFSA?

By applying for the Free Application for Federal Student Aid (FAFSA), US citizens and eligible non-citizens can access Direct Student Loans with lower interest rates and flexible repayment options. for educational costs. Additionally, more students are qualifying for Pell Grants than ever before = free money for college that you don’t have to repay!

Some scholarship applications, including the BYU-Idaho Scholarship, require a completed FAFSA.

Apply now to see what you qualify for!

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What Happens After Your FAFSA® Form Is Processed?

After you submit the FAFSA you might be chosen for verification, to confirm your information is correct. Check your financial aid portal for any requested documents and submit them quickly.

Once your FAFSA has been processed you should see aid offers in your financial aid portal. This tutorial will help you learn about the portal.

Step 2: What Scholarships Are Available to Me?

BYU-Idaho offers hundreds of scholarships for incoming and current students.

You may automatically qualify for a 4-Year Merit Scholarship based on SAT/ACT scores and GPA. To keep it, just maintain a cumulative BYU GPA of 3.75. No application is needed.

The BYU-Idaho Scholarship is for hard-working students with financial need. To apply, complete the scholarship application and the corresponding year’s FAFSA by the deadline.

Talent Scholarships are available in Art, Dance, Journalism, Music, and Theater. Each department selects its recipients.

The Returned Missionary Scholarship is a one-time $500 scholarship for recently returned missionaries enrolling in their first college experience since their mission. No application is needed.

Students should also search for private scholarships from state scholarships, banks, utility companies, private businesses, employers, national clearinghouses, and Scholarship Universe. Start early, as deadlines are often early in the year!

Step 3: What Are the Best Kept Financial Aid Secrets?

Most students don’t learn these secrets until they have a problem with classes not receiving aid or they have dropped a class and have an aid return! We want to save you some heartache right now! Learn these three things to keep your financial aid!

Understand How Dropping Classes Affects Financial Aid

Thinking of dropping a class? Talk to a financial aid counselor first! Adding and dropping classes can affect your aid amounts.

Chat with us via the conversation bubble on this page or visit Kimball 196.

Know about FADD and Dates and Deadlines to save money!

Learn How to Use the Program Applicability Tool

Federal Aid is only for classes needed for graduation. Use the Program Applicability Tool to see if your courses qualify. Aid adjusts based on your PA credits.

Non–PA courses are not eligible for federal aid but are eligible for BYUI Scholarships.

Academic Advising decides course applicability.

Understand the Satisfactory Academic Progress Standards

To stay eligible for Federal Aid you must meet SAP (Satisfactory Academic Progress) standards of a 2.0 cumulative GPA in all PA classes and complete 67% of your courses.

SAP is checked after each semester!

Step 4: How Can I Plan Ahead?

Because everyone’s financial aid journey is different, you need to make a plan!

Your financial aid awards may not be enough to cover the Cost of Attendance. Before starting college, save up some money to ease the financial pressure.

Make a budget and stick to it! Check out BYU-Idaho’s Financial Wellness Program for help!

Look for on-campus jobs or local job postings to earn extra cash.

Be sure to know important Dates and Deadlines that will affect your aid!

Step 5: Accept Loans Only if Necessary

Some students might find that their job earnings, Pell Grant, and scholarships don’t cover all school costs. Student Loans can help fill the gap if used wisely.

After completing your FAFSA, awards will show in your Financial Aid Portal. You can accept loans by selecting “Review and Update.” Make sure to complete Direct Entrance Counseling and sign a Master Promissory Note (MPN) to receive accepted loan funds.

Learn more about the Financial Aid Portal.

Step 6: How Do I Get My Money?

When the semester starts, your Federal Aid and University Scholarships are applied first to tuition, class fees, and housing if you live on campus. Any extra money goes straight to your student account. The fastest way to get it is through eRefund, but it might take a few days. You can also use Federal Aid for other school expenses by filling out a form.

Know that if you change your classes, your aid will change, too, based on your credits.

You can learn more by watching the tutorial, "How do I know if my aid has been disbursed?"

Step 7: Still Have Questions?

We are available in Kimball 196 during business hours to answer your questions in person! You can also use the conversation bubble in the corner of this page to speak to a human. Emails can be sent to financialaid@byui.edu.