Financial Aid Awards

The Student Finance Office will evaluate eligibility for federal, state, and institutional aid programs for students who have completed all required financial aid materials. Institutional grant and scholarship eligibility determination will vary.

Award Notification

A funding offer provides students with information about their estimated financial assistance. Funding offers for students with completed financial aid applications are typically received before the academic year start date (or disbursement schedule dates). The funding offer is provided via email and can also be accessed through the student portal. Students may receive multiple funding offers as a result of an adjustment to their financial aid awards.

Award Adjustments

Students who wish to decline, cancel, or reduce the amount of their awarded loans must email fastudentsupport@support.purdueglobal.edu to notify the Student Finance Office. Student borrowers will receive a notification from the University when the loan funds are posted to the student account. The Decrease Award Request form is available on Purdue Global Campus.

Methods of Disbursing Financial Aid

Financial aid is awarded based on an academic year as defined in the University Catalog. Most types of financial assistance are disbursed once per term for undergraduate students and graduate students enrolled in programs on a 10-week schedule. Disbursements typically occur twice per term for graduate students enrolled in programs on a 12-week schedule. Award proceeds may vary by the type of assistance. Federal Work Study wages are disbursed at least once a month as work is performed. For more information, refer to the Financial Aid Information guide.

Financial Aid Credit Balances (Stipends)

The Authorization to Hold Excess Funds form is available on Purdue Global Campus shortly after a student enrolls. Students (and parents of a dependent student) should review the statement, select the appropriate authorization categories, and provide the signed form to the Student Finance Office at fastudentsupport@support.purdueglobal.edu. For continuing students who previously signed this statement, the initial authorization will continue to be valid until a new authorization is received or the student is no longer active. Students will need to complete a new authorization upon re-enrollment.

For more details about the financial aid process, refer to the Financial Aid Information guide.

Students who withdraw from the University may be subject to the Purdue Global Refund Policy. If a student received federal financial aid, federal law requires the University to recalculate the student’s eligibility based on the percentage of earned aid using the Federal Return of Title IV Funds formula.

Award Renewal Requirements

Renewal requirements for each type of funding are listed below.

Federal grants (including the Federal Pell Grant and Federal Supplemental Educational Opportunity Grand [SEOG]) require that the student (1) file the FAFSA each year and (2) maintain Satisfactory Academic Progress (SAP) as outlined in the Purdue Global Catalog. SEOG can only be awarded to Federal Pell Grant recipients. Federal grants are available for an equivalent of 6 academic years. Visit the Federal Student Aid website for more information on Federal Pell Grants.

State grants will be evaluated each financial aid award year based on the applicable state policies. Renewal requirements include but are not limited to (1) a conflict-free FAFSA on file, (2) valid state of residency, (3) maintaining SAP, and (4) fund availability. Contact your state for additional details.

Federal Student Loans (including Federal Direct Subsidized and Unsubsidized Loans and Federal Parent PLUS Loans and Graduate [PLUS] Loans) require that the student (1) file the FAFSA each federal award year and (2) maintain Satisfactory Academic Progress (SAP.).

Students who have a first disbursement of their Direct Subsidized loan on or after July 1, 2021, do not have a time limitation on how long they can receive a Direct Subsidized Loan.

Students who were a first-time borrower on or after July 1, 2013, and before July 1, 2021, were subject to a limit on the maximum period of time (measured in academic years) they could receive Direct Subsidized Loans. They could not receive Direct Subsidized Loans for more than 150 percent of the published length of the program they were enrolled in at the time. This was called their “maximum eligibility period.” Their maximum eligibility period was generally based on the published length of their program at that time.

Federal Work Study requires that the student (1) file the FAFSA each year and (2) maintain SAP. Federal Work Study is available as long as the student shows need based on the FAFSA results and there is availability in the program. Students can visit the Federal Student Aid website for more information on Federal Work Study. Federal Work Study is only available at Purdue Global campuses.

Award Renewal Amounts

Funds that are based on FAFSA information can be affected by changes in a family’s financial situation, number of family members in college, or household size. Also, if students fail to meet the published priority deadline for filing the FAFSA, they could lose eligibility for some or all of their FAFSA-based awards. Federal and state funds can be affected by changes in the regulations governing those awards.

Loans are subject to borrowing limits. Annual limits specify how much can be borrowed in a single school year. Aggregate (cumulative) limits specify how much can be borrowed through the loan program. Cost of attendance limits specify that the loan amount must not be greater than the school’s official cost of attendance minus other financial aid received.

Scholarships (which are not based on the FAFSA) can be affected by a student’s failure to meet SAP, not graduating within the maximum time frame allowed by the scholarship stipulations, or not maintaining the Continued Eligibility requirements for the scholarship.

Contact the Purdue Global Student Finance Office at fastudentsupport@support.purdueglobal.edu if you have additional questions.