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Johns Hopkins University School of Education
Academic Year 2010-11
Financial Aid Office
6740 Alexander Bell Drive
Suite 110
Columbia, MD 21046
Table of Contents
Introduction ............................................................................................................................................ 1
In brief, what are the steps in the Financial Aid Process?...................................................................... 1
What do I need to know and do? ........................................................................................................... 2
What causes the most delays in the processing of financial aid applications?...................................... 2
What is financial aid? ............................................................................................................................. 3
What Grants/Scholarships are available? .............................................................................................. 3
How do I apply for financial aid? ............................................................................................................ 4
How often do I have to apply for financial aid?....................................................................................... 5
Are there specific deadlines? ................................................................................................................. 5
What is included in the SAR?................................................................................................................. 5
What other documents must I submit to the Financial Aid Office with the SAR? ................................... 5
What is Verification? .............................................................................................................................. 6
What happens if my SAR is rejected?.................................................................................................... 6
How is eligibility determined? ................................................................................................................. 6
Can I receive aid at more than one school at the same time? ............................................................... 7
How do other sources of aid affect the financial aid application review process and my aid eligibility? .7
If my income is high, does this mean I am not eligible for financial aid? ................................................ 7
What types of loans are available if I only want a loan?......................................................................... 7
What is the interest rate? ....................................................................................................................... 8
If I am eligible for financial aid, what happens next? .............................................................................. 8
When may I check the financial aid box on the Registration Form?....................................................... 8
Am I able to register online using financial aid? ..................................................................................... 8
How long does it take to process my registration form using aid as a form of payment? ....................... 8
May I use my tentative notice of Maryland State aid to register? ........................................................... 9
What happens if I register with aid and then decline it? ......................................................................... 9
Do I qualify for aid if I am admitted after the first day of classes? .......................................................... 9
Can I qualify for financial aid if I am conditionally accepted to my program? ......................................... 9
I am an international student on a student visa; can I get financial aid? .............................................. 10
How do I actually apply for a federal loan? .......................................................................................... 10
How much can I borrow? ..................................................................................................................... 10
How can I borrow additional funds to pay for an additional class or for living expenses after receiving
an initial award? ................................................................................................................................... 10
How much should I borrow?................................................................................................................. 10
How much is too much? ....................................................................................................................... 11
What if my credit is bad? ...................................................................................................................... 11
Is there anything I can do if I am in default on a previous loan? .......................................................... 11
How are loan funds disbursed?............................................................................................................ 11
When are funds disbursed? ................................................................................................................. 11
What do loan funds coverhow and when do I request a refund and/or book voucher?................ ........ 12
What happens if I drop a class or withdraw?........................................................................................ 12
What is satisfactory academic progress for federal aid recipients?...................................................... 12
When do I start repayment? ................................................................................................................. 13
Can I ever have my loan deferred or forgiven? .................................................................................... 13
What is loan consolidation? ................................................................................................................. 13
How can I learn more about federal grants and federal loans I have received?................................... 14
How may the tax law reduce my education costs? .............................................................................. 14
Direct GRAD PLUS Loans ................................................................................................................... 15
Graduate Students Only ...................................................................................................................... 15
Cost of attendance minus any other financial aid received .................................................................. 15
Appendix ................................................................................................ Error! Bookmark not defined.
Financial Aid Application Checklist ...................................................................................................... 16
Important Contacts............................................................................................................................... 17
Information in this booklet is accurate as of January 2009. Future changes in federal regulations may
change the application requirements or program guidelines.
The Johns Hopkins University is an EO/AA employer committed to recruiting, supporting, and fostering a
diverse community.
Introduction
Johns Hopkins University School of Education offers full-time and part-time degree programs in education,
counseling, and public safety leadership. Most of our students are adults who work full- time and attend
classes part-time (evenings or Saturdays). Although our tuition costs are competitive, it may be difficult for
students to pay tuition and fees from their regular income or from employer benefits such as tuition
remission or reimbursement programs.
A variety of financial aid programs are available for students who need additional help in meeting
educational costs due to limited financial resources. Contrary to popular belief, financial aid is not limited to
traditional students or full-time students. Part-time students are eligible to apply for financial aid if they meet
all of the following conditions:
unconditionally accepted into a degree or credit certificate program of 15 credits or longer
(provisionally accepted students see page 10);
enroll at least half-time each semester (4.5 credits graduate; 6 credits undergraduate);
complete all courses for which aid is awarded;
advance by at least 12 credits per year (completing the number of credits per semester for which
they were awarded);
maintain satisfactory academic progress - 3.00 cumulative GPA (graduates); 2.00 cumulative GPA
(undergraduates).
To receive Federal aid students must also:
be a U.S. citizen or eligible non-citizen;
be registered with Selective Service if they are male and between the ages of 18-26 (visit
www.sss.gov for exemptions);
not owe a refund on a federal grant or be in default on a federal education loan;
not have a drug conviction for an offense that occurred while you were receiving federal student aid
(such as grants, loans, or work-study).
Questions and Answers
QUESTION: In brief, what are the steps in the Financial Aid Process?
ANSWER Step 1. Complete and submit the:
a. School of Education Financial Aid
Application to the Financial Aid Office (required).
b. FAFSA to the central processor, either electronically or by mail,
using the Federal Code E00475 (required).
c. School-based Scholarship Application (optional).
Step 2. Upon request, submit to the Financial Aid Office:
a. Student Aid Report (SAR)--the result of filing the FAFSA;
b. Signed copies of all filed federal income tax returns with all attached schedules
and W-2 forms if selected for verification;
c. Certification that a federal tax return was/is not required to be filed for the prior
tax year; and if appropriate
d. Any other documentation required by the Financial Aid Office
Step 3. The Financial Aid Office will determine your award package once all the required
documents are received, reviewed for completeness, and processed. You will be
mailed:
a. an award letter requesting your signature and acceptance; and if necessary
b. instructions for completing the online electronic Master Promissory Note
(eMPN) and entrance counseling (if necessary)
Step 4. You will be asked to return the award letter (sign on both sides, circle accept/decline,
reconfirm credits)
Step 5 Upon receipt of the award notification and confirmation that you completed the
eMPN and entrance counseling (if applicable), the Financial Aid Office will
electronically transmit your loan for origination to the Direct Loan Origination Center.
Step 6. Once the Direct Loan Origination Center accepts the loan origination, the Federal
Government disburses funds directly to your account on the first day of the semester
or approximately 10-14 business days from the date the information is entered into
the computer system, whichever comes later.
Step 7. Refunds to credit balances are made to you via check by the Student Accounts
Office upon request. See page 14 for information on how to request refunds.
Keep in mind that financial aid awards cannot be disbursed to your account if your
have not submitted your completed and signed award notice.
Alternative Loans (or non-federal loans)
If you apply for non-federal loans, you must complete a promissory note with the lender of your choice. Alternative loans
are certified by the school only upon notification from the lender that your credit is approved, that you have secured an
acceptable co-signer (if required), and that your promissory note is complete. You must also complete and submit the
Certification of Alternative Loans Form available at www.onestop.jhu.edu/financial/forms to the financial aid office. The
form contains information on school codes and instructions for the student to follow before the financial aid office can
certify the loans. The school reserves the right to deny certification of loans per federal regulations.
QUESTION What do I need to know and do?
ANSWER As a financial aid applicant, it is critical that you carefully read all published materials! The
online catalogs and course schedules (www.onestop.jhu.edu), and the Financial Aid Questions
and Answers Guide provide important information regarding institutional and federal financial
aid program policies and procedures. You are responsible for reading and understanding
the contents of these publications and all other materials received from the university.
You must also comply with all deadlines and regulations. Aid cannot be awarded until all
documents are received and your financial aid file is deemed complete by a financial aid
counselor.
The financial aid application process may seem complicated and overwhelming because you
are asked to provide information about many of your personal financial resources. For the
FAFSA, you will need information from your federal tax form (IRS federal 1040). You may use
estimated tax information initially, but you will need to submit completed tax information to our
office before financial aid can actually be disbursed to you. If you are selected by the U.S.
Department of Education for verification or if we have questions about the information provided
on your application, we may need to request copies of specific financial documents to ensure
that all the information reported on your FAFSA is correct. Because each student’s situation is
different, we do not know in advance exactly which documents are needed from each person.
The checklist at the back of this booklet is designed to help you keep track of the
application process and keep you informed about the additional steps needed to complete the
process.
QUESTION What causes the most delays in the processing of financial aid applications?
ANSWER Delays are frequently caused by the following:
reporting the incorrect institutional code on the FAFSA (be sure to use E00475);
providing incomplete, blank, or illegible documents;
reporting the amount of tax withheld (as indicated on the W-2) on the FAFSA instead of
reporting taxes actually paid based on the IRS tax charts;
taking the incorrect Education Credits on the tax return; For the 2008 tax year, only:
• 1st and 2nd year undergraduates (freshmen and sophomores) are eligible to claim the
Hope Credit (see www.irs.gov for details)
• 3rd and 4th year undergraduates and graduates are eligible to claim only the Lifetime
Learning Credit;
reporting the incorrect number of eligible family members attending college at least half-time
during the academic year;
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failing to include other resources that will be received during the academic year (i.e., the
total amount of eligible employee tuition remission/reimbursement).
failing to sign the application forms;
failing to sign the copies of federal income tax forms submitted to our office; and/or
failing to report/submit approved documentation to the Social Security Administration (SSA)
such as:
• INS approved changes to documents (passport, naturalization certificate, or permanent
resident card),
• name changes due to change in marital status at least 30 days prior to filing for financial
aid.
QUESTION What is financial aid?
ANSWER Financial aid refers to a broad range of scholarships, grants, and loan programs. When you
apply for financial aid, you are generally applying for all of the potential programs for which you
might be eligible. Based on the eligibility guidelines for each program, available funding, and
your own financial resources, you will be offered one or more types of aid. These types of aid
may include:
Grants and Scholarships Loans Work
Gift money that does not Funds that are borrowed and Employment
have to be repaid (some must be repaid, with interest opportunities for
students to earn money
restrictions apply) (helps to pay for educational
for college costs
costs)
Keep in mind that financial aid is intended to supplement each student’s individual financial
resources. The basic premise behind financial aid is that students (and their families where
applicable) are responsible for paying for college costs to the extent that they are able.
QUESTION What Grants/Scholarships are available?
ANSWER Grants and Scholarships are available from several sources:
Institutional – Limited institutional funds are available to students who meet specific criteria
each year. The School-Based Scholarship Application is available on the onestop web site
at onestop.jhu.edu/financial each spring and must be submitted by July 1st for
consideration for the fall semester. Each year, divisional scholarship review committees
give priority consideration to needy students who do not receive other tuition support and
who have not previously received our institutional scholarship. The average award covers
the cost of one or two courses. A complete listing of institutional scholarships can be found
on our Web site at onestop.jhu.edu/financial.
Federal – The U.S. Department of Education offers Federal Pell, ACG, SMART, and
Federal Supplemental Education Opportunity Grants (FSEOG) for financially needy
undergraduate students who have not earned a bachelor’s or professional degree.
State – Maryland Higher Education Commission (MHEC) offers a variety of financial aid
programs for Maryland state residents, including educational assistance grants, legislative
scholarships, and other awards tied to the student’s program of study or eventual career field.
Consideration is given to applicants who complete and submit the FAFSA by March1 each
year.
Workforce Shortage Student Assistance Grants including the former McAuliffe Teacher and
Developmental Disabilities Awards are available to students who would like to teach school
in Maryland in a subject area of critical need or who agree to serve persons with disabilities.
Priority is given to applicants currently working in an eligible human service fields. Keep in
mind that this award program requires a service obligation after graduation otherwise
the award converts to a loan that must be repaid with interest. Legislative Scholarships
are available to full-time or part-time students through their Maryland Delegates and
Senators.
For more information regarding Maryland state aid and scholarship applications, visit
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MHEC’s Web site at www.mhec.state.md.us or contact the Office of Student Financial
Assistance at 410-260-4565 or 1-800-974-1024.
Washington, D.C. residents can contact the Office of the State Superintendent of Education
for information and applications at 202-727-2824 or visit their Web site at www.seo.dc.gov.
The application deadline for 2009–2010 is June 30, 2009.
The chart on page 15 lists the types of federal and state financial aid available for part-time
undergraduate and graduate students.
Private – Other sources of funding may be available through private foundations,
professional organizations, and civic and church groups. Scholarships offered through
national organizations are often listed online and can be accessed by using scholarship
finder tools such as www.FinAid.org, www.fastweb.com, and www.collegeboard.com.
The Department of Education’s home page at www.federalstudentaid.ed.gov includes
access to free publications and guides.
Local resources may be harder to identify, but it pays to ask questions and let people know
you are seeking funds to help with the cost of your education. In addition, many employers
provide tuition assistance programs to help employees with education costs. Check with
your human resources office for details.
QUESTION How do I apply for financial aid?
ANSWER You must complete a minimum of two forms: the School of Education Financial Aid Application
and the Free Application for Federal Student Aid (FAFSA). You can access this information by
going to the www.onestop.jhu.edu /financial web page and clicking on the “How to Apply” link.
To access the FAFSA directly, go to www.fafsa.ed.gov. You will need a PIN to electronically
sign the FAFSA. You (and parents of dependent students) can apply for a PIN at
www.pin.ed.gov.
You must use the schools’ Title IV Code Number, E00475 when filing the FAFSA. Please
carefully read all instructions before completing the application. Be sure to have all your
financial and income tax papers for 2009readily available so you can accurately respond to all
income questions. We strongly encourage you to complete your 2009 tax returns before
completing the 2010-11 FAFSA. This ensures that the information is accurate and alleviates
delays in processing the application and with verification (see "What is Verification?” on page
5).
Filing the FAFSA electronically helps to reduce incorrect or conflicting data. However, if
you do not have access to the Internet, you may obtain a paper FAFSA by calling the Federal
Student Aid Information Center at 1-800-4-FED-AID. The completed and signed paper
application must be mailed to the federal Central Processing System (CPS) using the envelope
provided in the FAFSA packet. Students who submit the FAFSA through the Web and do not
sign the application using a PIN must print out the Signature/Certification page and mail the
signed certification page to the Central Processor within seven days. Dependent students are
also required to print the Signature/ Certification page and include at least one parent’s
signature unless the parent has signed the FAFSA using his/her private PIN.
The CPS will forward the results of the FAFSA, called the Student Aid Report or SAR, to the
student. If you provided a valid e-mail address when you applied, you will receive an electronic
confirmation by e-mail 3-5 days after your FAFSA has been processed. The e-mail will contain
a secure link so you can access your SAR online. If you did not file electronically or did not
provide a valid e-mail address, your SAR will be mailed to the address you provided on the
FAFSA within 2-3 weeks. To avoid delivery problems, please add the following e-mail
address to your address book: FederalStudentAidFAFSA@cpsemail.ed.gov
Review the information on your SAR for completeness and accuracy. If you need to make any
changes, be sure to sign the certification box. Please send all pages of the original SAR to
the OneStop Financial Aid Office for review and electronic transmittal of changes. Do not
send the corrections back to the CPS. If your SAR indicates that the federal government
needs more information to process your FAFSA (Information Request), please fax or mail the
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information requested along with the signed SAR to our office for review. This enables our
office to make the necessary corrections on your behalf.
QUESTION How often do I have to apply for financial aid?
ANSWER Applying for financial aid is an annual process. You must reapply for aid each year by completing
the next academic year’s institutional Financial Aid Application in addition to electronically filing a
FAFSA. Each academic year begins with the summer session and ends with the May mini
session. You can electronically file your FAFSA using your PIN beginning January 1 each year.
Be sure to include the schools’ Title IV Code of E00475. If you do not have a computer or
access to the internet, computers are available at the public library.
QUESTION Are there specific deadlines?
ANSWER The established priority deadlines for each semester are as follows: April 1 for the summer
semester, June 1 for the fall semester, and November 1 for the spring semester. Priority
deadline is defined as the date by which all documents required to complete your financial aid
file are received, not the date you start the application process. Priority deadlines are
established to allow sufficient time to process aid applications prior to the start of the semester.
While you can still apply after the priority deadline, it may be difficult for the Financial Aid Office
to process your aid and offer you an award before the start of classes. Late applicants
should be prepared to pay their educational expenses at the time of registration (i.e., via
the tuition payment plan, credit card, etc.) and plan to receive reimbursement if aid is
subsequently awarded. Keep in mind that the application for undergraduate Maryland State
Scholarship Programs must be received by the March 1 deadline each academic year even if
you do not plan to begin classes until the following spring semester.
QUESTION What is included in the SAR?
ANSWER The SAR has two parts. Part 1, the Information Summary, contains information for both the
student and the Financial Aid Administrator. It summarizes all the information reported by the
student on the FAFSA and includes the processed results of the expected family contribution
(EFC). The EFC measures the family’s financial strength on the basis of the family’s income
and assets. The EFC formula also considers the family’s expenses relative to the number of
persons in the household and the number of the people listed in the family that will be attending
college at least half-time during the award year. In addition, the National Student Loan Data
System (NSLDS) reports the history of prior financial aid received. Part 1 also provides
instructions to the student in case problems exist that need to be resolved.
Part 2 is used to make corrections to application data. Students should contact the financial aid
office before making corrections to the SAR. If your SAR indicates that the government was
unable to process your application or if additional information is requested, please call our
office at 410-516-9808 for assistance before making corrections to your SAR. The
financial aid office can ensure that all necessary corrections are sent to the central processor.
QUESTION What other documents must I submit to the Financial Aid Office with the SAR?
ANSWER In addition to the FAFSA, you must complete and submit the School of Education Financial Aid
Application. Receipt of this document triggers communication with you. The application is
available online at www.onestop.jhu.edu/financial.
For the 2010–2011 academic year (summer 2010, fall 2010, or spring 2011), you must
complete and submit the items noted below by the established deadlines to the Financial
Aid Office, 6740 Alexander Bell Drive, Suite 110, Columbia, MD 21046 or fax to 410-516-9799.
1. 2010-11 School of Education Financial Aid Application.
2. 2010-11 Student Aid Report (SAR). Your SAR must be electronically transmitted to the
school from the federal processor. Be sure to use the correct school code (JHU-Schools
BUS/ED: E00475) otherwise we will not be able to access your information.
3. School-Based Scholarship Application and Essay. This application is online at
onestop.jhu.edu/financial. Complete and mail this form to the Financial Aid Office if you
wish to be considered for school-based scholarships. The deadline for this application
is July 1 each year. Applications must be accompanied by a typewritten essay of
approximately 500 words, along with the SAR and institutional application. Scholarship
applications will be forwarded to the appropriate review committee.
5
4. If selected for verification by either the federal government or by the school, you will
be required to submit your prior years signed federal tax returns (IRS Form 1040, 1040A,
or 1040EZ) including all schedules and W-2 forms. See “What is Verification?” below.
QUESTION What is Verification?
ANSWER The effectiveness of federal student financial aid programs depends on the accuracy of the
data reported by the applicant on the FAFSA. Schools are federally required to verify
information reported on the FAFSA. The Central Processor System (CPS) prints an asterisk
next to the EFC on the SAR to identify students whom the Federal Department of Education
has selected for verification. The Financial Aid Office must check the information reported by
on the FAFSA, usually by requesting a copy of the signed tax returns filed by the student (and
the student’s parent(s) and spouse if applicable), including W-2 forms and all tax schedules.
Applications for federal aid cannot be processed if the relevant tax returns have not
been filed in accordance with IRS Tax Code. In such cases, students will be advised to
amend their tax returns. Federal regulations require that schools report suspected cases of
fraud or misrepresentation to the appropriate federal, state, and local authorities.
Applications other than those selected by the Department of Education may be institutionally
selected for verification. For example, students who report an unusually low income or who
indicate a number of persons in the student’s household that differs from the number of
exemptions reported on the tax form filed are automatically selected for verification.
In addition, a "C" may appear next to the EFC on the SAR indicating that conflicting, missing,
or contradictory information must be resolved. For example, students who report a social
security number that does not match with the Social Security Administration’s (SSA) database
must provide official documents from the SSA to rectify the discrepancy. Married students who
have not updated their new name at the SSA must apply for a new social security card with
their updated name. A copy of the new card with the correct name must be submitted to the
financial aid office.
Our school reserves the right to ask for documentation necessary to determine aid eligibility.
Verification documents must be submitted at least three weeks before the end of the
semester for which you are seeking aid. If all required documents are not received by this
deadline, you will forfeit your eligibility for federal aid. No aid can be processed for the
student until verification is complete. Documents submitted as part of the student’s
financial aid application becomes the property of the school and cannot be returned.
QUESTION What happens if my SAR is rejected?
ANSWER In certain instances, the SAR will be rejected because of conflicting or missing information. For
example, the student answer “not married” to the question related to marital status but then
provides financial information for a spouse. In this case, the CPS will not calculate an EFC
because important financial information is conflicting. Without an official EFC appearing on
Part 1 of the SAR, eligibility cannot be determined and you will need to provide the correct
information on the Information Request Form, Part 2, included.
If you submit your FAFSA through the Web without a PIN, you must print the
Signature/Certification page, sign and mail it to the Central Processor. If the signed page is not
received within 7 calendar days from the date of submission, you will receive a rejected SAR.
You will need to make the necessary corrections before a valid SAR can be processed.
Dependent students must print the Signature/ Certification page and include at least one
parent’s signature unless the parent has signed the FAFSA using his/her private PIN.
QUESTION How is eligibility determined?
ANSWER Most financial aid is based on financial need. While almost every student feels at one time that
he or she needs money to pay for educational costs, financial need is not quite so simple to
determine. The FAFSA collects standard information about each student’s financial resources.
Using this information and a combination of specific calculations and formulas, an expected
family contribution (EFC) is calculated for each student. The EFC represents an amount that
students with comparable family size and income should be able to contribute towards
educational costs.
At the same time, the Financial Aid Office determines a standard budget for students enrolled
in our schools’ programs. The budget includes standard costs for tuition and fees, books and
6
supplies, transportation, room and board, and personal expenses, based on the number of
credits for which the student is registered.
Standard Budget Set for Students
– Expected Family Contribution (EFC)
– Other Resources (tuition assistance, etc.)
Individual Financial Need
QUESTION Can I receive aid at more than one school at the same time?
ANSWER No. Federal and state aid cannot be disbursed to more than one school at a time during the
same semester. You must apply for aid at the school from which you will receive your
degree/certificate. A Consortium Agreement may then be executed between the schools’
financial aid offices to include the total amount of credits taken in the same semester at both
schools to determine the amount of aid eligibility. You can never receive more than the annual
allowable amounts regardless of the number of schools attended in the same academic year.
Please contact the school for more information.
QUESTION How do other sources of aid affect the financial aid application review process and my
aid eligibility?
ANSWER All sources of aid must be taken into consideration when determining the financial aid need of
each student, regardless of the type of aid awarded (loans, grants). This includes tuition
remission and reimbursement. You may not receive more total aid than the cost of attendance.
You must immediately inform the Financial Aid Office in writing if you obtain additional
sources of aid not originally reported on the initial application. Failure to do so can result
in cancellation of aid. In addition, aid awarded is subject to adjustment any time a change in
academic and family financial circumstances warrant.
QUESTION If my income is high, does this mean I am not eligible for financial aid?
ANSWER Not necessarily. Financial need is determined by more than just income. The FAFSA
determines your financial contribution. That is, how much you (and your parents, if you are a
dependent) can afford to pay toward your school expenses. This information makes it possible
for the financial aid office to calculate your financial need, which is the total cost of the
academic year’s education, minus your contribution. Remember that everyone is eligible to
apply for a student loan. If you demonstrate need as determined by the FAFSA, you may be
eligible for a subsidized loan. Interest on this loan is paid, or subsidized, by the federal
government while you are attending school at least half-time. If it is determined that you do not
demonstrate financial need, you may qualify for an unsubsidized loan. The unsubsidized loan
is not based on need or income. You can defer the payment until after graduation however you
are responsible for paying all loan interest from the date the unsubsidized loan is fully
disbursed. Keep in mind that annual and aggregate borrowing limits apply.
QUESTION What types of loans are available if I only want a loan?
ANSWER A loan is financial aid and eligibility is determined by the annual application process, outlined in
this booklet. Currently, our students are eligible for three federal loan programs: Federal
Perkins Loan, Federal Direct Loan (which can either be subsidized or unsubsidized), and the
Federal Direct GRAD PLUS Loan. Both the Perkins Loan and the subsidized Federal Direct
Loan are based on financial need. If you qualify for a Perkins Loan or a subsidized Direct
Loan, the federal government pays interest on the loan (“subsidizes” the loan) until you begin
repayment and during authorized periods of deferment thereafter.
Unsubsidized Direct Loans are awarded based on cost of attendance less other aid and
resources. If you qualify for an unsubsidized loan, you will be charged interest from the time
the loan is fully disbursed until it is paid in full. You can choose to pay the interest or allow it to
capitalize on the principal amount. If you allow the interest to capitalize, the interest will be
added to the principal amount of your loan and will increase the total amount you must repay.
If you pay the interest as it accumulates, your total repayment amount will be less. There is no
penalty for early prepayment of student loans.
The GRAD PLUS is a credit-based program available to graduate students whose maximum
federal loan eligibility is not sufficient to cover their educational costs. Before applying for a
GRAD PLUS Loan, the student must complete and submit the FAFSA. Students must also
7
apply to the school, and the school must determine their eligibility for the maximum annual
Federal Direct Loan amounts. GRAD Plus eligibility is based upon the student’s credit-
worthiness. Therefore, the student must complete and submit the Certification Request for
GRAD PLUS Loan form available at www.onestop.jhu.edu/financial
The PLUS credit-based program is available for parents of undergraduate students, whose
maximum federal loan eligibility is not sufficient to cover educational costs.
Alternative loans are credit-based commercial loans that can be used if you are enrolled less
than half-time, have not yet applied for admission, have been conditionally or provisionally
admitted, do not qualify for federal loans, or have been awarded the maximum federal student
loan allowed but the amount is not sufficient to cover educational costs.
Information regarding alternative loans is available on our web site at onestop.jhu.edu/financial.
Please note that the total amount of your award package, including loans, cannot exceed the
estimated Cost of Attendance. If you are uncertain about your eligibility for federal loans,
please contact the financial aid office prior to initiating a private loan application. Alternative
loans are processed through the Electronic Loan Management (ELM) Resources system at
www.elmresources.com.
QUESTION What is the interest rate?
ANSWER The Perkins Loan has 5% fixed interest rate. For graduate students the interest rate for all
unsubsidized Stafford loans disbursed on or after July 1, 2008 is fixed at 6.8%. The interest
rate for Federal Direct GRAD PLUS and PLUS loans is fixed at 7.9%. For more information on
interest rates, visit the Direct Loan Servicing Center at www.dlservicer.ed.gov.
QUESTION If I am eligible for financial aid, what happens next?
ANSWER Since many financial aid programs list financial need as one of the eligibility criteria, the
Financial Aid Office uses this information to determine the types of awards and the amounts
offered. A financial aid award notification will be mailed to you, detailing the aid programs and
amounts for which you are eligible.
Generally, your aid award is calculated for a full academic year. However, if you plan to be
enrolled for only one semester, your aid will be calculated and awarded for one semester.
Each academic year begins with the summer session and ends with the May mini-session.
QUESTION When may I check the financial aid box on the Registration Form?
ANSWER Once you receive an award notification, you may check the financial aid box as a form of
payment on the completed Registration Form. You can mail or FAX the registration form to the
Financial Aid Office. If you do not have a financial aid award, you may not check this box.
You can track the progress of your file and view any financial aid awards using your ISIS self-
serve account. If your financial aid file is incomplete, you must either: pay upfront, enroll in the
“Tuition Management Systems (TMS)” tuition payment plan, or check the "Electronically Bill
Me" box. Any charges not covered by financial aid are the responsibility of you, the student.
Registration forms indicating financial aid as the form of payment should be sent to the Financial
Aid Office for clearance prior to processing the registration request. Applying for financial aid
does not waive JHU’s instituted payment requirements or deadlines.
QUESTION Am I able to register online using financial aid?
ANSWER As a financial aid recipient, you may register online using the "Electronically Bill Me" option as
long as you received a financial aid award notification from our office. You will be responsible
for any amount which exceeds the approved financial aid award. If you have not started or just
started the aid application process you should enroll in the Tuition Management Systems
(TMS) payment plan or be prepared to pay the total balance by the payment due date. As a
late applicant, we cannot guarantee that your financial aid will arrive in time to pay your bill by
the payment due date. You will be subject to a late fee for any balance owed past the payment
due date, regardless of the status of your financial aid application.
QUESTION How long does it take to process my registration form using aid as a form of payment?
ANSWER The financial aid staff reviews all registration forms that indicate financial aid as a form of
payment. This review entails confirming the number of past and current credits taken;
8
reviewing semester grades and cumulative GPA; investigating outstanding balances; and
verifying that sufficient aid exists to cover the total costs on the registration form. The review
process can take up to three business days depending on the number of registration forms
received on a particular day. Delays in processing your registration form with financial aid are
caused by:
Not completing and submitting all required documents to the financial aid office;
Inappropriately taking refunds in one semester for financial aid that is intended to cover a
subsequent semester;
Not completing the payment section on the form;
Registering for a different number of credits (higher or lower) than originally requested on
the financial aid application;
Registering for less than the required half-time number of credits required in a semester to
receive financial aid;
Not indicating the number of anticipated registered credits for the January and May
sessions along with the fall and spring semester registration, respectively; and/or
Submitting an incomplete registration form.
If you need to secure a seat in a specific class which may close quickly, you should submit
your registration forms on the first day of registration. If you have one or more of the problems
listed above, you may want to consider providing an alternate form of payment that can be
refunded once financial aid is disbursed. You cannot attend classes unless all registration
costs are paid by the published tuition due date.
QUESTION May I use my tentative notice of Maryland State aid to register?
ANSWER No. Such notices are preliminary and often differ from actual award amounts. Maryland Higher
Education Commission (MHEC) does not send an official scholarship recipient roster to JHU
until the third week of the semester. The financial aid office must ensure that all scholarship
recipients are enrolled in the relevant program, registered for the proper number of credits, and
have the required cumulative GPA before these funds can be paid. Therefore, you should be
prepared to use an alternative method of payment when registering for classes and request
reimbursement after the school receives the funds. In addition, the amount of your Maryland
state award will appear on the financial aid award notification based on the eligible semester. If
you receive the subsequent semester’s award, a new financial aid notification letter will be sent
to you reflecting the entire year’s award.
QUESTION What happens if I register with aid and then decline it?
ANSWER If you accepted and used a student loan to register, you have 30 days from the date of
disbursement in which to decline and request that the loan proceeds be returned to servicer,
provided a sufficient credit balance remains on your account. However, if you used the
expected loan amount to register, you must pay the full amount of your registration with a
check or credit card at the moment you request cancellation of your aid. Once we receive full
payment for your coursework, your loan cancellation request will be processed. You cannot
attend classes unless you pay all registration costs by the published tuition due date.
QUESTION Do I qualify for aid if I am admitted after the first day of classes?
ANSWER You must be fully admitted prior to the first day of classes for the semester in which you receive
aid. If you are admitted in mid-term, you will become eligible for aid for the next semester.
QUESTION Can I qualify for financial aid if I am conditionally accepted into a degree program?
ANSWER It depends. If you are conditionally accepted into a degree or certificate program you may be
eligible for financial aid. However, you must meet all of the conditions of acceptance and
receive an official letter of acceptance before finanical aid can be paid.
If you are provisionally admitted and enrolled in specific prerequisite credits necessary for
unconditional admission to your program, you may be considered for limited federal loan
assistance. The loan will be certified for one or two semesters depending on the number of
prerequisites required. Loans may not exceed tuition charges for the specific required credits,
registration or course fees, and a book allowance of $50 per credit hour. Note that federal
regulations cap student loans at the maximum undergraduate level for graduate
students; and for undergraduates at the freshman level. Funds are not available for
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repeated courses. Students who are enrolled less-than-half-time , who have not yet applied
for admission, or who have been conditionally or provisionally admitted may wish to consider
borrowing from the alternative program (see “What types of loans are available “).
QUESTION I am an international student on a student visa; can I get financial aid?
ANSWER Students who hold an F-1 or F-2 Student Visa; a J-1 or J-2 Exchange Visitors Visa; L-1; H; or a
G series Visa (pertaining to international organizations); or I688b classification are not eligible
for federal student aid. However, there are private credit-based alternative loans for which a
non-citizen may apply. Searching the Web using “student loans” or related wording should
generate a listing of education-related lending sites. International students are also
encouraged to investigate the possibility of aid through their home country or outside agencies.
If you have an approved application for U.S. permanent residency or political asylum, you will
be ask to provide the financial aid office with official confirmation from the Department of
Homeland Security (DHS).
QUESTION How do I actually apply for a federal loan?
ANSWER JHU participates in the Federal Direct Loan Program (FDSLP). To apply for a Direct Loan, first
check the loan items in the “Financial Aid Requested” section of the Financial Aid Application.
Next, indicate how much you wish to borrow. (See "What types of loans are available if I only
want a loan?”). Financial aid is available only for courses that are required to complete your
program of study and for which you will receive credit towards completion of your
degree/certificate. You will not receive federal financial aid for courses taken merely to
maintain half-time enrollment status or for personal interest. Once the financial aid office
determines that you are eligible for a loan, you will be sent an award notice based on your
anticipated enrollment and your financial need in accordance with federal regulations, not to
exceed the amount you requested. Instructions will also be included on how to complete the
electronic Master Promissory Note (eMPN) if needed. Under the FDSLP, the U.S. Department
of Education serves as the lender and funds (less any fees) are transmitted electronically to
your student account. GRAD Plus eligibility is based upon the borrowers credit worthiness.
Therefore, the borrowers must complete and submit the Certification Request or GRAD PLUS
Loan Form available at www.onestop.jhu.edu/financial.
QUESTION How much can I borrow?
ANSWER Students typically limit their borrowing to the amount of tuition, fees, and books. However,
federal regulations permit full-time students to borrow up to their cost of attendance less other
aid or awards, not to exceed the limits as noted in the Appendix.
QUESTION How can I borrow additional funds to pay for an additional class or for living expenses
after receiving an initial award?
ANSWER You can write a letter stating the amount of the additional funds you would like to borrow and
include an explanation as to how this additional amount is related to your educational expense (see
“How much should I borrow?” below). Be sure to provide your signature and student ID
number. Email request to the financial aid office at onestop.finaid@jhu.edu or Fax 410-516-9799.
QUESTION How much should I borrow?
ANSWER Students who are attending school less than full-time generally borrow only the amount needed to
cover the cost of tuition, registration, and books (TF&B), and loan fees. Maximum loan amounts
are intended for full-time students who need to cut down on the number of hours worked or need
to quit their jobs to attend school. If you are studying full-time, you may borrow up to the cost of
attendance (COA), which includes estimated living expenses for the enrollment period. However,
if you request to borrow the maximum allowable loan amount, you must submit a letter to
our office explaining how the additional amount requested is directly related to your
educational expenses. Only related expenses necessary to complete the educational program
will be taken into consideration when determining eligibility for additional funds; other unrelated
expenses may not be considered. Examples of related expenses include costs of travel to and
from school; childcare while the student is attending classes (not while student is working); repairs
to a needed computer, etc. A reasonable amount for these costs will be considered.
In addition, if you have previously borrowed amounts that the government regards as difficult to
repay based on your current income, you will be required to complete a debt management
10
exercise. You will be sent a letter explaining the reason for the debt management exercise if
you are in this situation and recommendations for prudent levels of borrowing will be provided.
While borrowing from the loan program may seem like a viable option, it requires careful
consideration and thought. When making the decision on how much to borrow, be certain to
consider your financial goals and resources. A student loan is like any other type of loan and
must be repaid. Before you decide how much you need to borrow for your education, keep in
mind your obligation to pay other outstanding loans or credit card debt. Borrowing more than
you can comfortably repay may jeopardize your ability to borrow in the future (i.e., for a car or
house). Be a wise consumer:
Seek other ways to pay your education cost (i.e., scholarships/payment plan).
Do not borrow more than tuition, fees, and books. If you are studying full-time, carefully
calculate the cost related to your educational expenses.
If you have unsubsidized loans, pay the interest while you are still in school instead of
allowing the interest to capitalize. This will help keep the principle amount of your loan
manageable.
QUESTION How much is too much?
ANSWER Borrowing is a very personal decision that requires a lot of preplanning and thought. Keep in
mind that your loan repayment will increase proportionally with every dollar you borrow. We
encourage you to complete the Debt Management Exercise located on our web page to assist you
in making a responsible decision to borrow.
QUESTION What if my credit is bad?
ANSWER Most federal loan programs are not based on credit-worthiness. Even if your credit is bad, you
can still borrow money. The exceptions are the PLUS and GRAD Plus loan programs. Your
application for a PLUS and GRAD PLUS loan will be denied if you have adverse credit history,
are in default on a previous federal loan, have already borrowed the maximum lending amount,
owe a refund on a previously received grant, or have received enough grant aid to cover the
total cost of your education. The Financial Aid Office may decline to certify a loan on a case by
case basis for justifiable reasons as per federal regulations.
QUESTION Is there anything I can do if I am in default on a previous loan?
ANSWER Once a loan is declared in default, you are no longer entitled to any deferments or
forbearances. Contact the loan servicer or the loan guaranty agency for the state in which you
borrowed the loan and ask for information about the loan rehabilitation program. Generally,
students in default who voluntarily (not through wage garnishment or litigation) make 9
consecutive monthly on- time payments can regain eligibility for the federal aid programs. The
amount of each payment will be determined by the servicer or guaranty agency. You will be
required to provide the financial aid office with evidence that your defaulted loans are in a
satisfactory rehabilitation status before you can be considered for federal aid. In addition, you
must continue to make satisfactory payments while you are attending school. Another option is
to visit the Direct Loan Servicer Web site at www.dlservicer.ed.gov or call 1-800-848-0979 to
discuss loan consolidation options.
QUESTION How are loan funds disbursed?
ANSWER Federal regulations require that loans processed for more than one semester be equally
disbursed during the budgeted period of enrollment. For example, if a student receives a loan
for summer, fall and spring semesters, the loan must be divided into three equal parts; if only
for two semesters, the loan is divided into two equal parts. If a student takes an unequal
number of credits, (e.g., 9 credits in fall and 6 credits in the spring), a shortfall in funds received
will occur in the fall semester. This shortfall will be covered when the spring aid is disbursed.
Conversely, if the student registers for 6 credits in the fall and 9 credits in the spring, a credit
balance will be created in his/her student account, which must be retained in the account to
cover the cost of the 9 credits in the spring.
QUESTION When are funds disbursed?
ANSWER Once the financial aid office has received the signed award notification and confirmation of a
completed electronic Master Promissory Note (eMPN), the information is entered your ISIS
account. Aid disburses on the first day of the semester or approximately 10-14 business days
11
from the date the information is entered, whichever comes later. You can track tuition your
charges and payments using your student ISIS account at https://isis.jhu.edu/sswf. You will
receive written notification of the date your loan was disbursed from our office.
QUESTION What do loan funds cover, and how and when do I request a refund and/or book
voucher?
ANSWER Eligible students will receive sufficient net loan funds to cover the actual cost of tuition,
registration fees, and books ($50 per credit book allowance), unless you indicate a lesser
amount on the loan application. If you requested an amount of aid to cover the cost of tuition,
fees, and books, do not request a refund, unless you buy your books out of pocket. You
may request a book voucher from the financial aid office ten days before the beginning of each
semester. This book voucher can be used only at JHU’s online bookstore, MBS Direct. Funds
in excess of current and prior charges will remain in your student account unless you request
them in writing. You must register for all your semester course work, including January
intersession for fall and May mini-session for spring before requesting a refund for that
particular semester.
If you are a full-time student and borrowed more than the amount of tuition and fees, and/or
you did not request a book voucher, you can request a refund from the Student Accounts
Office by completing a Refund Request Form included with your award notification. You can
also download this form from the onestop.jhu.edu/financial Web site.
Note: Once your aid has disbursed into your account, the Student Accounts Office will enter a
refund request into the JHU Accounts Payable System. You should receive your refund check
in the mail approximately 7-10 business days after the refund request has been processed by
the Student Accounts Office. You may call the Student Accounts Office (410-516-9722) to
check the status of your refund however you should wait at least two weeks after you receive
the notification of loan disbursement.
Refund checks are not available for pick up. All checks are mailed from the Homewood
campus accounting department.
QUESTION What happens if I drop a class or withdraw?
ANSWER Financial aid recipients are expected to maintain at least half-time status and complete all
courses for which aid was received. Federal aid recipients who withdraw from all coursework
will have aid returned to the federal government utilizing the regulatory formula in accordance
with the Higher Education Amendments of 1998 regarding federal “Return of Title IV Funds”. A
copy of the regulations is available at the Financial Aid Office. Recipients who partially
withdraw will have their financial aid awards adjusted to the reduced cost of attendance.
Students who drop to less than half-time prior to the course(s) start date will have their federal
aid cancelled. This includes portions of aid which may have been refunded for living expenses.
The student will receive a bill from the school for any balance due. No funds will are available
for repeated courses. In addition, all students must comply with satisfactory academic
progress as detailed below to remain eligible for aid.
QUESTION What is satisfactory academic progress for federal aid recipients?
ANSWER Federal student financial aid programs require that you maintain satisfactory academic
progress toward a stated educational goal (degree or credit certificate* program) in order to
receive and retain financial aid. As a financial aid recipient, you must complete all courses for
which aid is awarded and you must advance 12 credits per year by completing at least 6
credits per semester in which aid is received. In addition, undergraduate students must
maintain a minimum 2.00 cumulative GPA; graduate students a 3.00 GPA. Financial aid
recipients are reviewed for satisfactory academic progress at the end of the spring semester.
Satisfactory academic progress is closely monitored during federal audits and students who fail
to meet the satisfactory academic progress standards will lose eligibility for financial aid
assistance. Students may reestablish satisfactory academic progress by raising their
cumulative GPA to the minimum standard and/or by making up the credit deficiency including
grades of Incomplete (I). Financial Aid is available only for courses that are required of the
program and for which you will receive credit towards completion of your matriculated program.
Courses taken merely to maintain half-time enrollment status to receive aid or taken for
personal reasons are not eligible for federal financial aid. For more information please refer to
the Satisfactory Academic Progress for Financial Aid Recipients fact sheet.
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* Only certificate programs of 15 credits or more qualify for financial aid.
QUESTION When do I start repayment?
ANSWER Perkins Loans - Repayment begins nine months after you graduate, drop below half-time
status, or leave school for any other reason. The monthly payment amount depends on the
total amount borrowed. Generally, you are allowed up to ten years to repay a Perkins Loan.
Direct Loans (subsidized and unsubsidized) – Subsidized loan repayment begins six months
after you graduate, drop below half-time status, or leave school for any other reason.
Unsubsidized loan repayment begins immediately after the loan is fully disbursed. The monthly
repayment amount depends on the total amount you borrowed and the length of the
repayment.
GRAD PLUS Loans - Your first payment on each loan is due within 60 days after the loan is
fully disbursed. There is no grace period for Direct GRAD PLUS Loans. However, you are
eligible for an in-school deferment as long as you are enrolled at least half-time. The monthly
payment amount depends on the total amount you borrowed and the length of the repayment.
QUESTION Can I ever have my loan deferred or forgiven?
ANSWER Deferment of loan repayment for Direct and Perkins Loans is available for several reasons,
such as half-time enrollment, service as a volunteer under the Peace Corps Act or the
Domestic Volunteer Service Act of 1973. Both loans also have deferment provisions if you are
experiencing economic hardship or are unable to find full-time employment. Although the
school transmits information to the National Student Clearinghouse on a monthly basis, please
keep in mind that requests for student loan deferments are not always automatic. You are
encouraged to request an in-school deferment form from the school or agency that holds the
loan.
Under very specific conditions, some loans may be forgiven or cancelled. Cancellation benefits
vary depending on the year the loan was disbursed. A cancellation summary is included in The
Student Guide, published annually by the U.S. Department of Education. You may request this
guide by calling 1-800-433-3243 or retrieving it online at www.studentaid.ed.gov. The
recently enacted College Cost Reduction and Access Act (CCRAA) created a new loan
forgiveness option for certain borrowers who hold public service jobs. Borrowers must be in a
qualified repayment plan in the Direct Loan program to qualify. Refer to the onestop.jhu.edu
web site for more information.
QUESTION I have prior loans; how can I request a deferment form for processing and certification
of enrollment status?
ANSWER Contact your lender for the appropriate form and fax the completed signed copy to Records
and Registration Office at 410-516-9817.
QUESTION What is loan consolidation?
ANSWER A Direct Consolidation Loan simplifies loan repayment by allowing borrowers to combine one or
more of their federal education loans into a new loan. However, consolidation is not for
everyone. To determine whether consolidating your loans is right for you, refer to the detailed
information and comparison calculator located on the Direct Loan Consolidation Web site at
www.loanconsolidation.ed.gov under borrower services. The comparison calculator provides an
overview of the various benefits offered under the Federal education loan programs, including
Perkins Loans. Borrowers should carefully compare the benefits of their current loan(s) with the
benefits of a Direct Consolidation Loan. This site also has information on consolidating non-
Federal Direct loans. Direct Loan Consolidation offers several advantages such as:
One lender (the U.S. Department of Education) and one monthly payment;
Flexible repayment options, including an Income Contingent Repayment Plan;
Grace period extension in some cases;
No minimum or maximum loan amounts or fees;
Varied deferment options for borrowers who have exhausted deferments on their current
non-Federal Direct education loans;
Reduced monthly payments in some cases; and
13
Retention of subsidy benefits.
QUESTION What should I do if I have trouble repaying my loans?
ANSWER If you have trouble repaying your loans, you should contact your servicer immediately to
discuss the possibility of a deferment or forbearance. You should also investigate other
repayment options such as the Income Contingent Repayment Plan which is designed to make
repaying education loans easier for students who intend to pursue jobs with lower salaries,
such as careers in public service. For more information on loan repayment, please refer to
www.finaid.org/loans.
QUESTION How can I learn more about federal grants and federal loans I have received?
ANSWER You can access information about any Title IV aid you received by going to
www.nslds.ed.gov. This online web site provides you with a comprehensive record of your
Federal Family Education Loan Program (FFEL), Federal Direct Loan Program, Perkins Loans,
Pell Grants, and loan or grant overpayments. In order to access the site, you will need a
Personal Identification Number (PIN). You can obtain a PIN by registering at the ED PIN Web
site, www.pin.ed.gov. You may also contact the Direct Loan Servicer at 1-800-848-0979 or
visit their Web site at www.dlservicer.ed.gov.
QUESTION: How may the tax law reduce my education costs?
ANSWER: There are several tax benefits that provide help for those financing the costs of higher
education. Many have income level caps and there are restrictions on taking advantage of
more than one deduction and/or education credit at the same time. Please consult your tax
adviser for full, up-to-date information and/or visit the IRS Web site at www.irs.gov.
Employer-paid tuition assistance for undergraduate and graduate course work is tax-free up
to $5,250.
The American Opportunity Tax Credit—up to $2500 credit available for qualifying
educational expenses paid for undergraduate students pursuing a degree or recognized
education credential. Please refer to www.irs.gov for 2009 updates.
The Lifetime Learning Credit—up to $2,000 credit available for qualifying educational
expenses limited to 20% of tuition and required fees paid for any year of postsecondary
education. This includes courses taken to acquire or improve job skills, even if the courses
are not part of a degree program.
Loan Interest - You may be able to deduct up to $2,500 in student loan interest paid if your
modified adjusted gross income is not more that $75,000 if single or $150,000 if married
filing jointly.
Tuition and Fee Deduction - The tuition and fees deduction can reduce the amount of your
income subject to tax by up to $4,000. This deduction is taken as an adjustment to income.
This means you can claim this deduction even if you do not itemize deductions on Schedule
A (Form 1040). This deduction may be beneficial to you if you cannot take either the Hope
or lifetime learning credit because your income is too high.
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Appendix
ANNUAL AND AGGREGATE LOAN LIMITS
Federal Direct Student Loans (Subsidized and Unsubsidized)
Year of School Dependent Independent
Student Student
$5,500 annually
First Year (a minimum of $2,000 must be $9,500 annually
Undergraduate unsubsidized) (a minimum of $6,000 must be unsubsidized)
$6,500 annually
Second Year (a minimum of $2,000 must be $10,500 annually
Undergraduate unsubsidized) (a minimum of $6,000 must be unsubsidized)
$7,500 annually
Third - Fifth Year (a minimum of $2,000 must be $12,500 annually
Undergraduate unsubsidized) (a minimum of $7,000 must be unsubsidized)
Graduate $20,500 annually (a minimum of $12, 000 must be unsubsidized)
Aggregate Federal Direct Student Loan Limits
Dependent Undergraduate $31,000 (Subsidized aggregate limit may not exceed $23,000)
Independent Undergraduate $57,000 (Subsidized aggregate limit may not exceed $23,000)
$138,500 (Subsidized aggregate limit may not exceed $65,500
Graduate and Professional including undergraduate borrowing)
Direct GRAD PLUS Loans
Graduate Students Only Cost of attendance minus any other financial aid received
Perkins Loans
*Important Note: Loan amounts for the Perkins Loan program may vary. Loans amounts at the School
of Education are typically limited to $1,000-$1,500 per year.
Undergraduate Generally, the maximum amounts for Perkins Loans are $4,000 annually*
Graduate Generally, the maximum amounts for Perkins Loans are $6,000 annually*
ESTIMATED REPAYMENT SCHEDULES
Amount Owed Estimate Total Repaid
Monthly Payment *Annual Payment
(Entering Repayment) (With Interest)
$10,000 $123 $1,476 $14,718
15,000 184 2,208 22,017
20,000 245 2,940 29,437
25,000 307 3,684 36,796
30,000 368 4,416 44,155
40,000 491 5,892 58,873
50,000 613 7,356 73,592
75,000 920 11,040 110,387
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Financial Aid Application Checklist
Date Completed Activity
Gather the financial documents (IRS 1040, savings statements, medical
bills, etc.) needed to complete the applications for aid.
Complete the School of Education Financial Aid Application located at
www.onestop.jhu.edu/financial. Print, sign, and submit application to the
Financial Aid Office, 6740 Alexander Bell Dr., Suite 110, Columbia, MD
21046 or fax to 410-516-9799.
Complete the FAFSA or Renewal Application at www.fafsa.ed.gov using
the school code, E00475.
Review your Student Aid Report (SAR) which you will receive 2-3 weeks
after submission of your FAFSA. Make necessary changes, sign, and
submit to the Financial Aid Office.
If your SAR advises that the federal government needs more information to
process your FAFSA (Information Request), please provide the information,
sign the form, and mail it to our office for review to ensure that all necessary
corrections have been made.
If your application is selected for verification, there will be an asterisk (*)
next to the EFC on your SAR and a notice in the printed material that
accompanies your SAR. Complete the verification worksheet and provide
the additional requested documentation to the Financial Aid Office.
Verification forms are available at www. onestop.jhu.edu/financial .
A financial aid award letter will be sent to you. Review the award, sign both
sides, circle the aid you plan to accept, and return the letter to the Financial
Aid Office. You cannot accept your financial aid awards online.
If you are applying for a student loan, additional information will be sent to
you regarding the promissory notes, entrance counseling, and payment
procedures.
Your aid will be credited to your student account to pay for tuition and fees
once your financial aid file is totally complete and your enrollment has been
confirmed.
Note: Be sure to retain copies of all documents you send to the federal processor or the
Financial Aid Office.
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Important Contacts
Financial Aid Office 410-516-9808; 1-800-468-6548
Johns Hopkins University 410-516-9799 fax
6740 Alexander Bell Dr., Suite 110 onestop.finaid@jhu.edu
Columbia, MD 21046-2101
Federal Student Aid Information 1-800-433-3243 or (319) 377-5665
Application information TTY users 1-800-730-8913
Corrections www.fafsa.ed.gov
Eligibility requirements
Renewal application status
Duplicate SAR/IAs
To request a PIN www.pin.ed.gov
Complete an electronic Master Promissory Note www.dlenote.ed.gov
Help with completing the FAFSA, www.federalstudentaid.ed.gov
loan deferment forms and publications
U.S. Government resources to assist students www.students.gov
in planning and paying for their education www.studentaid.ed.gov
Maryland State Scholarship Administration 410-260-4565
1-800-974-1024
www.mhec.state.md.us
Washington, DC Aid (202) 727-2824
www.seo.dc.gov
AmeriCorps Program (educational awards 1-800-942-2677
in return for community service) www.americorps.org
Scholarship Info Search www.fastweb.com
Financial Aid Information www.FinAid.org
Central Scholarship Bureau www.centralsb.org
Hispanic Scholarship Fund www.hsf.net
USA Funds Access to Education Scholarship www.usafunds.org
Direct Loan Servicing Center 1-800-848-0979
(loan information and borrower services) www.dlservicer.ed.gov
Direct Loan Consolidation Center 1-800-557-7392
(to consolidate loans) www.loanconsolidation.ed.gov
Social Security Administration www.ssa.gov
Selective Service Registration www.sss.gov
(18–26 year-old males)
National Student Loan Database (NSLDS) (track your
loans, beginning to end—PIN required) www.nslds.ed.gov
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Related docs
