Applying for Financial Aid: Before Filing a FAFSA
Applying for Financial Aid: After Filing a FAFSA
Receiving Financial Aid
Student Employment
Loans
Scholarships
Tax Filing and Financial Aid
Contact Information
Q: Who do I contact if I have financial aid or billing questions?
A: Your first point of contact is Marquette Central in person, by phone or email. You can always contact Marquette Central through the Contact Form linked in the blue box on the right-side of every page.
Marquette Central
1250 W Wisconsin Ave
PO Box 1881, Zilber Hall, Suite 121
Milwaukee WI 53201
Phone: (414)288-4000
Fax: (414)288-1718
Email: marquettecentral@marquette.edu
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Q: What is FERPA? How does FERPA impact communication regarding my student records, financial aid, and bursar information?
A: FERPA (Family Educational Rights and Privacy Act) is a Federal law that protects the privacy of student education records. Visit http://www2.ed.gov/policy/gen/guid/fpco/ferpa/index.html for more information about FERPA, or visit http://www.marquette.edu/mucentral/registrar/policy_ferpa.shtml for Marquette University’s policy.
To meet FERPA requirements and protect your privacy, the following is required to communicate with us about your information:
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Q: What is the MCAN and why is it required before I can talk about my records?
A: In order to comply with the Family Educational Rights and Privacy Act (FERPA), students and their families must be able to verify their identity when contacting Marquette Central for assistance.
The Marquette Central Access Number (MCAN) is a four-digit number used in conjunction with the nine-digit Marquette ID number to help Marquette staff identify people authorized to receive information regarding a student’s account. (The MCAN is NOT associated with the online Guest Access process.)
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Applying for Financial Aid: Before Filing a FAFSA
Q: What is the Net Price Calculator?
A: The Net Price Calculator (NPC) is an early estimation tool for determining a student’s possible financial aid eligibility from a particular school. All schools are required by the federal government to have an online NPC. Marquette's NPC can be found at http://www.marquette.edu/student-aid-calculator/.
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Q: How do I apply for Financial Aid?
A: Obtain a Personal Identification Number (PIN) if you have never filed the FAFSA previously or no longer have your PIN at: www.pin.ed.gov.
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Q: Does Marquette require any application forms in addition to the FAFSA?
A: No. Some schools require the CSS Profile or an institutional application, but Marquette only requires the processed FAFSA to determine eligibility for financial aid.
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Q: Why are there deadlines for filing the FAFSA and submitting documents?
A: Certain types of grant, loan and work assistance have limited funding available. For this reason, both filing the FAFSA by February 15th and submitting documents within 30 days of the initial request must be met to be considered for all available assistance.
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Q: When is the last possible day to apply for financial aid?
A: It is possible to apply for aid anytime during the academic year. However, it is best to apply as early as possible.
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Q: Do I need to apply for financial aid every year and if so, when?
A: Yes, students applying for financial aid must complete the FAFSA prior to each new academic year.
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Q: Should I wait until our taxes are completed before filing the FAFSA?
A: No. It is better to estimate. Do not wait until your tax returns are filed. Due to limited funding, Marquette’s aid is awarded on a first come, first served basis. It is best to file the FAFSA by February 15 prior to the upcoming academic year to ensure results are received by the March 1st priority deadline to be considered for all forms of assistance. After you and your parents have filed taxes, you are strongly encouraged to go back to your processed FAFSA at www.fafsa.gov and use the "IRS Data Retrieval Tool" to automatically transfer your tax information to your FAFSA. For eligibility and instructions, please see www.marquette.edu/mucentral/verify.
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Q: Who is considered independent for Financial Aid?
A: For financial aid purposes, a student is considered an “independent student” during 2013-14 if he or she can answer yes to one of the following questions on the FASFA:
If you cannot answer yes to at least one of these questions, then you will be considered a “dependent student” for financial aid purposes.
If you do not qualify for independent status according to the above but you have special circumstances that you believe make you an independent student, you can submit an appeal to our office. Parents’ unwillingness to help with educational expenses or the fact that the student is not claimed on the parents’ tax return does NOT qualify a student for independent status.
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Applying for Financial Aid: After Filing a FAFSA
Q: How do I know my FAFSA was received and processed?
A: Make sure you have provided the necessary signatures (PINs) and actually submit the FAFSA to the processor. Once you submit the FAFSA:
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Q: How do I make corrections to my FAFSA?
A: Go to www.fafsa.gov, click "Start Here" and follow the prompts. Make sure to include all PINs (student and parent when parent information is required on the FAFSA) and any other information it asks for.
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Q: I received an email stating that I need to submit additional documents before my aid can be processed. Why do I need to do this?
A: A percentage of FAFSAs are selected by the Federal Processor for a review process called Verification. The school is required to collect documentation in order to verify what has been reported on the FAFSA. The Student Aid Report you receive once your FAFSA is processed will indicate if your FAFSA has been selected for verification. There also may be other issues pertaining to the FAFSA that require additional information or documentation before a financial aid award may be determined.
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Q: When do I need to submit requested documents to Marquette?
A: Students are notified through the Marquette email account of any required documentation. You can also see if documents are required from your Student Center of CheckMarq, To Do Lists.
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Q: Where do I send any required financial aid documents?
A: Required documents can be sent to the addresses below:
Marquette University
Office of Student Financial Aid
PO Box 1881
Milwaukee WI 53201
Fax (414)288-1718
Email: marquettecentral@marquette.edu
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Q: My FAFSA was selected for verification. What do I need to do and what documents do I have to submit?
A: Verification is a process by which schools are required by federal law to verify the data submitted on a FAFSA application. Schools complete this process by requesting a variety of documents such as federal tax return transcripts, verification worksheet, birth certificate, social security card, U.S. passport, etc.
Students are notified through their eMarq email account of any documents they are required to submit. You can also view your CheckMarq “To Do” list for any required verification documents.Be sure to comply with all requests for documentation by the deadlines provided. Financial aid is awarded on a first-come first-served basis. In order to be considered for all available financial aid, continuing students must submit requested documents within 30 day of the initial document request. Aid may be reduced and/or eliminated for applicants whose documents are received beyond the 30 days.
A copy of the federal tax return is not acceptable for verifying FAFSA income data. Instead, parents and students are encouraged to utilize the “Link to IRS” tool on the FAFSA, or provide a federal IRS Tax Return Transcript. For details about this new process, visit Guidelines for the Verification Process.
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Q: What do I do if I have special circumstances that aren’t reflected on the FAFSA?
Special Circumstances may include (but are not limited to):
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Receiving Financial Aid
Q: What are the main steps for receiving financial aid?
A: Follow these important steps:
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Q: What are the enrollment requirements I need to meet to qualify for financial aid?
A: Students must be enrolled at least half-time to qualify for federal loans. This means Undergraduate, Law, Dental and PA/PT students must enroll for a minimum of six credits, while all other Graduate students must enroll for a minimum of four. However, enrollment requirements may vary depending on the financial aid type you receive. To review the requirements, visit:
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Q: When will I receive my financial aid award for next year?
A: Following are approximate awarding timelines.
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Q: What financial aid is available for undergraduate students?
A: All students who complete the FAFSA will be considered for the following assistance. More information can be found in the 2013-14 Award Information Guide
:
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Q: I plan to transfer to Marquette University. How do I receive financial aid?
A: Aid from your other school will not transfer to Marquette University.
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Q: If I decline all or part of my financial aid award and my circumstances change, can I ask to have my aid reinstated?
A: Enrollment, timing, eligibility, and funding availability must all be considered when looking into whether declined aid can be reinstated or not. Reinstatement of aid such as Marquette Grant, Supplemental Education Opportunity Grant, Rice Loan, Federal Perkins Loan, Nursing Student Loan, and Federal Work Study depends on the funding availability at the time of the request. Enrollment and timing are important considerations as to whether Stafford Loans can be reinstated.
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Q: I plan to take summer classes. How do I receive financial aid?
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Q: Am I allowed to receive financial aid from more than one institution at the same time?
A: No. If you are enrolled at more than one college or university at the same time, you may only receive financial aid from one of the institutions, not both. If you have questions about your situation, contact Marquette Central for guidance.
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Q: I plan to study abroad. How do I receive financial aid for my study abroad program?
A: It is best to begin looking into your Study Abroad options at least a year prior to studying abroad.
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Q: How do I pay for my housing and food if I move from campus housing to an apartment?
A: Most freshmen and sophomores are required to live on campus unless living with parents, a guardian, or other family member.
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Q: When will my financial aid disburse?
A: There are a few things to keep in mind regarding financial aid disbursal:
to be sure that there are not any outstanding reasons that would prevent your aid from disbursing. [top]
Q: Why isn't my financial aid appearing on my bill or paying into my financial aid account?
A: In order to determine why financial aid may not be on your Bursar bill or is not disbursing on to your bursar account, please review the "Top 11 Reasons Why Your Financial Aid is not Appearing on you Bill"
.
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Q: What steps do I need to take with my financial aid if I plan to transfer from Marquette University?
A: Notify Marquette Central that you plan to transfer from Marquette and request to have your financial aid canceled for the upcoming semester. You will be sent information on Exit Counseling for all Federal Loans you borrowed either while attending Marquette or any prior colleges or universities. For more information, see "Leaving Marquette?".
Your financial aid does not automatically transfer to your new school. Make sure the school you are transferring to is included on your FAFSA. Contact the new school’s Financial Aid Office to find out if they require any additional information.The following link has further information about Withdrawal from Marquette.
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Student Employment
Q: Work study isn’t appearing on my billing statement. Why not?
A: Work Study awards are earned by working for eligible employers and collecting a biweekly pay check based on rate of pay and hours worked up to the amount of the award. These monies do not go directly toward paying a Bursar balance.
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Q: I have Federal Work Study and don't plan to work in fall but would like to work in spring. What should I do?
A: Request to have your Federal Work Study accepted for spring only in one of the following ways no later than the second week of fall semester classes:
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Q: My Federal Work Study was canceled. Can I get it back?
A: Due to limited federal funding, we are unable to reinstate Federal Work Study once it has been canceled.
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Q: Can my student employment payroll check be direct deposited?
A: Yes. In fact, Marquette University strongly recommends that all students sign up for Direct Deposit. To ensure payroll is not delayed set up Direct Deposit by August 1. Log on to CheckMarq. For instructions on how to sign up for Direct Deposit go to: http://www.marquette.edu/mucentral/financialaid/ses_index.shtml and choose Direct deposit online under Payroll information.
Note: As of July 1, 2012 student employees that have not set up Direct Deposit will be required to pick up their biweekly paychecks at the Payroll Office; Straz Tower, 915 W. Wisconsin Avenue, Room 175.
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Loans
Q: My financial aid award includes an "Optional Loan (Parent-Student)" award or a "PLUS-Grad/Prof-Optional" award. How do I accept it?
A: The optional loan is there to inform you of the option to apply for a parent and/or student loan in addition to your other financial aid for an amount up to the maximum listed on your award. You will not be able to accept the optional loan from CheckMarq because a separate loan application is required for the parent and student loan.
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Q: What is entrance counseling?
A: The purpose of entrance counseling is to help students understand their rights and responsibilities as a federal student loan borrower. Federal regulations require students to complete an entrance loan counseling session prior to obtaining a Federal Direct Student Loan and Perkins Loan. More information on Federal Direct Loan Entrance Counseling can be found here. Perkins entrance counseling is included in the process of electronically signing the Perkins Loan Promissory Note. Beginning in June prior to the new academic year, students who have accepted the Perkins Loan will receive an email notification on their eMarq account with a request to complete the Perkins Master Promissory Note at www.signmyloan.com.
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Q: How do I complete my promissory notes?
A: You will need to sign separate electronic Master Promissory Notes (eMPNs) for Stafford, PLUS and Perkins Loans. To sign the eMPN for undergraduate and graduate Stafford Loans, Parent PLUS Loans, and Graduate PLUS Loans visit https://studentloans.gov/myDirectLoan/index.action. To complete the eMPN for the Federal Perkins Loan, visit https://www.signmyloan.com/. Make sure to have your PIN when you sign.
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Q: How do I decrease or cancel my student loan?
A: A student loan can be decreased or canceled in one of the following ways:
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Q: How do my parents decrease or cancel the Parent PLUS Loan?
A: The request to decrease or cancel a Parent PLUS Loan must be received from the parent borrower in one of the following ways:
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Scholarships
Q: How do I apply for outside scholarships and if I receive one, where do I send the check?
A: Begin by searching for scholarships through organizations in your local area (e.g. religious groups, Elks, Rotary Club, Jaycees). Check into whether your parent’s or guardian’s employer provides scholarships to their employee’s children for college.
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Q: Will outside scholarships affect my financial aid?
A: You are obligated to notify us if at any time during the year you receive any type of financial assistance that you did not originally report to us, or of any outside aid you are receiving that is not listed on your award notice. Do not assume that your scholarship/fellowship/assistantship/VA benefit sponsor automatically informs our office of your outside aid.
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Q: Do I need to sign my private scholarship check?
A: Whether you need to sign the private scholarship check depends on the following:
If you receive an email at your eMarq account from the Office of Student Financial Aid informing you an endorsement is required, please stop by Marquette Central to sign your scholarship check.
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Q: Can my private scholarship check be applied to a specific semester?
A: How your scholarship check is applied depends on the following:
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Q: When will my private scholarship be applied to my bursar account?
A: Private scholarship checks are processed daily. During the very busy months of January and August, please allow more time for processing because of the volume of checks received. Make use of your CheckMarq account to view updates to your financial aid award and your bursar account.
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Q: I received my scholarship award letter from the Office of Admissions. Is this all I'll receive in financial aid?
A: It depends. Students who apply for financial aid may receive additional financial assistance. A Financial Aid Notification (FAN) will be sent electronically to all students via their eMarq e-mail account and will detail the financial assistance available.
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Q: How can I stay in good standing for the Ignatius/Magis scholarships?
A: These scholarships are renewable for up to 8 semesters of undergraduate study provided the recipient remains in good academic standing with his/her respective college and is enrolled as a full-time student.
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Q: Can I receive the Ignatius/Magis scholarships in summer?
A: Yes, students may utilize their Ignatius/Magis Scholarship during the summer term. However, we caution students to think carefully before making this choice because the scholarship will be prorated and this will exhaust one semester of their 8 semesters of eligibility. Students will not be allowed to have the prorated funds reversed at a later date/semester so they can use that semester’s worth of eligibility for a different semester. Nor will they be eligible to use the unused portion of their semester’s worth of eligibility at a later date.
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Q: I'm withdrawing from one or several of my classes after the add/drop period. Will my scholarships/aid be affected?
A: If you are withdrawing after the close of the add/drop period, you will continue to receive your full scholarship and financial aid for the current semester. As long as you are enrolled full-time the following semester, you will continue to receive your scholarship(s) and financial aid.
However, a component of the Satisfactory Academic Progress Policy requires undergraduate students to complete 67% of the cumulative credit hours attempted to remain in good standing and remain eligible for financial aid. This applies to all students who receive institutional, state and federal Title IV and Title VII funds administered by the university. Click here to review Marquette University’s complete Satisfactory Academic Progress Policy.
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Tax Filing and Financial Aid
Q: Do I have to report any grants, scholarships, or fellowships to the IRS as income?
A: If you have questions about how to complete your taxes, you should consult your tax professional or refer to the IRS. Marquette University cannot provide tax advice. The IRS can be contacted below:
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Q: Are Federal Work Study and Co-op income taxable?
A: Yes. Any money received as the result of work (i.e., Work Study, temporary employment on or off campus, some fellowships, etc) is considered taxable income. You will be asked to file an Employee’s Withholding Allowance Certificate (W-4 Form) and you will receive a Wage and Tax Statement (W-2 Form) each calendar year. Your taxable earnings from Federal Work Study and work under a cooperative education program (co-op) must be reported on your FAFSA.
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Q: What are the current Federal Income Tax Filing Requirements?
A: See information on Who Must File over at the IRS website (www.irs.gov):
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The Office of Student Financial Aid provides undergraduate and graduate students with resources about types of financial aid and student employment.
FAFSA School Code: 003863
Questions or for more information, contact the Office of Student Financial Aid