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Belmont University | Belief in Something Greater

Financial Aid FAQs

Financial Aid Checklist

check-mark.png Complete your FAFSA

check-mark.png Review your SAR (Student Aid Report) e-mail from the Department of Education for missing information.

check-mark.png Review your Financial Aid Award and Outstanding Requirements through MyBelmont

check-mark.png Complete Verification if selected

check-mark.png Complete any required forms (Outside Scholarship, Multi-Student Discount, Third Party Billing, etc.) and return them to SFS.

check-mark.png Use our Cost Estimator to estimate your charges for the year.

check-mark.png Complete required loan paperwork
       > Visit www.studentloans.gov for Parent PLUS and Stafford Loans
       > View our Loan Application Guide for step-by-step instructions

check-mark.png Register with Tuition Management Systems (TMS) to set up a payment plan
       > www.belmont.afford.com or 1-800-722-4867

check-mark.png Set up any Authorized Users through your MyBelmont account. E-bill statements will only be sent to students and Authorized Users.

check-mark.png E-bill statements will be sent out in mid-July

check-mark.png Pay your account in full by August 14, 2017 for the fall 2017 semester

Helpful Tips Throughout the Year

check-mark.png Check your Belmont email account regularly

check-mark.png Monitor your student account information online

check-mark.png Sign up for Direct Deposit for any credit balance refunds

check-mark.png Visit SFS and MyBelmont for important updates and information

check-mark.png Payment due date for the spring 2018 semester is January 3, 2018

Frequently Asked Questions

Q. Do I have to be admitted to Belmont University before I can apply for financial aid?

You can file the FAFSA without being admitted to Belmont University, but you must be admitted before we can determine your eligibility for financial aid.

Q. Do I have to apply for financial aid every  year?

Yes, you must file the Free Application for Federal Student Aid (FAFSA) every academic year. The FAFSA is available annually starting on October 1st, and Belmont's priority date for filing the FAFSA is December 1st. All applicants are encouraged to complete the FAFSA online at www.fafsa.ed.gov. Your award will be determined by your financial need every year. The good news: after your first filing year, you will be asked to update your application rather than completing the whole thing.  You are encouraged to do this online, and it takes much less time than completing the entire FAFSA!

Q. Why should I  have a FSA User ID?

The FSA User ID is a unique identifier that allows you to:

  • complete the FAFSA online and use the FSA User ID as an electronic signature
  • check the status of your FAFSA online and make corrections
  • monitor your federal student loan on the National Student Loan System (NSLDS)
  • complete any student or parent loan paperwork through studentloans.gov

 Q. What is the Expected Family Contribution (EFC) and how is financial need determined?

The EFC is calculated by the Federal Department of Education. It is based on information you report on the FAFSA. Belmont will use your EFC to determine your eligibility for any Belmont need-based money as well as any federal financial aid. Financial need is determined as follows: Cost of Attendance - EFC = Financial Need.

Q. If my parents do not claim me on their tax return, and I am self-sufficient, am I independent for financial aid purposes?

NO. To be considered independent for financial aid purposes, you must meet one of the following criteria based on federal regulations (please refer to step 3 of your FAFSA):

  • are now 24 years old, or will turn 24 by December 31 of the FAFSA filing year
  • are working on a master's or doctorate program
  • are married
  • have children who receive more than half of their support from you
  • have dependents (other than your children or spouse) who live with you and receive more than half of their support from you
  • are an orphan or a ward/dependent of the court (until age 18)
  • are a veteran of the U.S. Armed Forces

Q. My parents make a lot of money so I probably won't qualify for financial aid; should I still file the FAFSA?

YES.  There are sources of aid, such as low interest unsubsidized Federal Stafford loans, that are not based on need. Also, it is wise to have a back-up plan in case your family experiences an unexpected financial pinch.

Q. What will happen to my financial aid award if I move to off-campus  housing?

Moving from on-campus to off-campus housing does not affect your financial aid eligibility. However, institutional grants and scholarships cannot be used to pay for off campus housing

Q. I've already completed a bachelor's degree and I want to take courses towards another bachelor's degree - what aid is available to me?

Post-baccalaureate students may only be eligible for federal loans while pursuing an additional bachelor's degree.