Getting Started
Once your file is sent the Financial Aid Office, your information will be entered into our HUHS Financial Aid Student Portal (powered by our third party servicer, Campus Ivy). Within the next 24 hours, you will receive 2 system notifications entitled Welcome Notification and Automatic Student Registration. You will need to use the username and link found on the Automatic Student Registration email to set up a password for the portal. The portal will generate automatic notifications for needed documentation, verification, and pending disbursements; allow for easy document tracking along with secure document submission and retention; and provide you with effortless access to disbursement information for the current year as well as historical data.
- Once you’ve gained access to the portal, please complete the Authorization Statement (E-Form).
- Make sure you have submitted a FAFSA with the Huntington University of Health Sciences’ school code (04244800).
- You will also need to go to the Complete Aid Process section at StudentAid.gov to complete Entrance Counseling and a Master Promissory Note. (If you have not done so previously and intend to participate in the Direct Loan Program.)
The Financial Aid Department will review the information you provided on the FAFSA to determine eligibility and estimate federal funding. Your total aid package cannot exceed the Cost of Attendance (COA) for your program.
Additional documentation may be requested. Please monitor your email for any correspondence from either the Financial Aid Office or the HUHS Financial Aid Student Portal. Make sure to respond as soon as possible and please feel free to contact the office if you have any questions. It’s important to note that emails generated by the portal are automatic and come from an un-monitored account. Please do not reply to these emails directly, send all communications to financialaid@huhs.edu.
Determining Awards
Pell Grant
A federal Pell grant, unlike a loan, does not have to be repaid. Pell grants are awarded to students who demonstrate financial need and who have not yet earned a bachelor’s or professional degree. The maximum award for the 2022 – 2023 award year (July 1, 2022 to June 30, 2023) is $6,895. The amount of federal Pell Grant funds as student may receive over their lifetime is limited by federal law to be the equivalent of six years of Pell grant funding. Since the maximum amount of federal Pell Grant funding a student can receive each year is equal to 100%, the six-year equivalent is 600%. Students may not receive federal Pell grant funds from more than one school at a time. The Pell Grant amount awarded will depend on:
- Financial need (EFC)
- Cost of Attendance
- Enrollment Status
HUHS uses Pell Grant Formula 1 which is used for credit-hour, standard-term programs. Your award is divided by the payment periods in the academic year. For example: Fall and spring standard semesters with a summer trailer. Pell Grant payments are divided only between the two standard terms. Students still may qualify for Pell Grants during the summer if remaining eligibility exists.
Direct Loan
The other type of financial aid comes in the form of loans. After you’ve gone through all the grants you’ve been awarded, you’ll next want to take a look at the loans you’ve been offered.
Loans are money that you borrow – and that need to be repaid, with interest. Because taking out a loan with interest means that you’ll pay back more than you borrowed, it’s crucial to completely understand the repayment options available to you.
There are two standard federal loans that you could be awarded:
- Federal Subsidized Loan: You may be eligible to receive this if you’ve demonstrated financial need based on the information provided in your FAFSA. The government pays your interest on the loan while you are in school, and the interest only begins accruing six months after you’ve graduated or are no longer enrolled in courses.
- Federal Unsubsidized Loan: You may receive this because it was determined that you are eligible for more aid after other awards are considered. The unsubsidized loan differs from the subsidized one because interest begins accruing as soon as the loan is disbursed to your school.
You will need to decide if this is an award you can afford to pay back upon graduation.
The Direct Loan Program has established both annual and aggregate loan limits for the program. Once these limits have been met students are no longer eligible for funding from the program. Students may not receive more than the annual or aggregate loan limits. There is a mandatory 30 day waiting period prior to disbursement for first-time borrowers. To be eligible for Direct Loan funds, students must be:
- otherwise eligible to receive Direct Loan funds for the payment period,
- must complete Entrance Counseling,
- must complete a new or have an active Master Promissory Note,
- must be enrolled at least half-time (6 credit hours) during the payment period, and
- must not have met the annual or aggregate loan limits.
Accepting your Awards
Once your awards have been determined, you will receive an Aid Acceptance/Adjustment Letter from the Financial Aid Department outlining the type of awards and amounts you are eligible to receive. This gives you the ability to accept or decline a portion of your award. Based on the elections made on the Aid Acceptance/Adjustment Letter, a Funding Estimate will be generated in the HUHS Financial Aid Student Portal and your awards will be scheduled for disbursement. The University encourages students to minimize loan debt whenever possible by refusing loan funds that may not be absolutely necessary. Students should review the loan information provided by the Department of Education at StudentAid.gov and should also review and understand Borrower’s Rights and Responsibilities before assuming loan obligations. It’s important to be aware of your loan balance and be prepared for future repayment. There are many online calculators that can help you estimate your monthly payment based on our loan balance,
interest rate, and length of repayment (standard repayment plan – 10 years). StudentAid.gov has a Loan Simulator for borrowers with varied loan portfolios.