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Alvernia Home
Financial Aid
Financial Aid for
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Current Students Frequently Asked QuestionsWhat is Alvernia College's Title IV code for the FAFSA? 003233. What is Alvernia's recommended filing date for applying for aid? Anytime after January 1st. Do I have to be accepted to Alvernia before I apply for financial aid? No. You may apply before you are accepted, but you will not receive a financial aid package until you are accepted. Does Alvernia have merit scholarships without regard to need? Yes! To see the list of grants and scholarships that are available, go to the What Aid is Available section of the Financial Aid web site. Is there financial aid for transfer students? Yes! For information on how to apply to Alvernia as a transfer day student, go to the transfer section of the Admissions homepage. To find out what aid is available to a transfer student, go to the Transfer Student Information section of the Financial Aid homepage. If I'm going to attend part-time, what programs am I eligible for? Several. These programs include Pennsylvania State Grant, Pell Grant, and loan programs. Go to What Aid is Available for details. What do I do after I receive my financial aid package? Read and respond! Call us with any questions, respond by the stated deadline and send your confirmation into the Admissions Office as soon as possible. We'll help you determine what the best combination of loans, grants and payment plan is for your family's circumstances. Will I have to send my tax return to you? Maybe. Keep a copy because 1 out of 3 students will have to send their tax returns to the Office of Student Financial Planning to complete a process called verification. The Federal processor randomly selects 33% of applications for verification. If I want to attend Alvernia as a continuing studies (evening) student, what aid am I eligible for? Evening students are eligible to apply for three different programs: the Pell Grant, Pennsylvania State Grant and the Stafford loans. File the FAFSA and complete a Master Promissory Note if you want a Stafford loan. For more information on Continuing Studies programs see their homepage. What should I do if my or my family's financial circumstances change after I apply for aid? Don't panic. Call the Office of Student Financial Planning and we'll tell you what procedures to follow so we can help you obtain additional financial aid. Do I have to apply for aid every year? Yes. You must reapply each year. How do I get my financial aid renewed? Must I make academic progress to keep my financial aid? Yes! You must pass 24 credits per year and maintain a minimum grade point average to keep receiving your financial aid. See the Office of Student Financial Planning for details. I'm an out-of-state student, should I file a loan with an out-of-state bank? No, we don't recommend it. If you file through a Pennsylvania bank, we can approve your loan quicker and keep track of your loan for you. You may also be eligible for discounts which out-of-state lenders don't have. Call us for a Preferred Lender List if you don't have a bank in mind. Must I pay all at once? No. Alvernia bills students one semester at a time and you are welcome to use our installment payment plan. For more information on our payment plan, contact the Cashier's Office at Alvernia College. My parents don't want to bother filling out the FAFSA because they don't think we'll be eligible for anything. Should we skip it? No. Three reasons why: (1) the rules change every year, (2) Alvernia requires the form even if you only want to work on campus, and (3) you just never know! Is it worth my applying for aid through scholarship search firms? Yes! But: Let the buyer beware. Look at what the firm is promising you and how much you have to pay for it (sources vs. actual dollars). Check out the following web sites for reputable scholarship searches.
Updated: May 16, 2007
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