Financial Aid Next Steps

The Office of Financial Aid is eager to assist students and parents with understanding the steps required to finalize financial aid and to set up arrangements for payment. By mid-April, all accepted students should receive a Financial Aid Notification packet. Our office is actively corresponding via UE email regarding issues affecting the processing of students’ financial aid notifications. We encourage students to check their UE email on a regular basis and take the necessary steps to resolve any pending issues.

INITIAL FINANCIAL AID NOTIFICATION: Financial Aid Notifications are being sent via US postal mail. This packet contains comprehensive details about your financial aid award based on the current information our office has received.

  • Verification: If your FAFSA was selected for review by the federal processor, a Verification Worksheet will be enclosed in your initial Financial Aid Notification packet. Please complete and return the Verification Worksheet and follow all required instructions for confirming income. The financial aid offered is not final until the verification process is complete.

REVISIONS TO INITIAL FINANCIAL AID NOTIFICATION: Revisions may be viewed on WebAdvisor through “Financial Aid Self Service.” Revisions to your aid may occur for several reasons: FAFSA changes made by you or as a result of verification corrections, additional financial aid you receive after your initial award, or changes to your housing or enrollment status.

RESPONDING TO AID NOTIFICATION: Respond to your Financial Aid Notification via WebAdvisor. (The Office of Admission has sent information to students regarding the log-in process. Contact your Admission Counselor if you have any difficulty accessing WebAdvisor.) Once logged in, please Accept or Decline each form of aid offered and electronically sign your Financial Aid Award.

  • Federal Direct Subsidized/Unsubsidized Loan for Students: The amount listed on your UE Financial Aid Notification and in WebAdvisor indicates your maximum eligibility as of that date. You may request a lower amount than offered.

    • Loan Agreement (MPN) and Entrance Counseling: First-time borrowers and students new to UE must complete both processes online at studentloans.gov.

  • Federal Work-Study Program: This award represents the opportunity to work on campus approximately 7 hours per week. You may opt to keep work-study earnings or apply them to your UE student account. If you have accepted Federal Work-study you will receive an email during the summer with an application and detailed information regarding the program. The application should be completed and returned to the Office of Financial Aid. If you were not offered Work-study on your Financial Aid Notification, but are interested in working on campus, you may apply at the beginning of the fall semester and may be referred to jobs as vacancies arise.

DETERMINE YOUR ESTIMATED NET COST: An Estimated Net Cost Summary is provided within the initial Financial Aid Notification packet. If your initial award is revised, please utilize the online Estimated Cost Calculator to help determine your estimated balance due.

PAYMENT OPTIONS FOR DIRECT COSTS: The Office of Student Accounts provides a billing summary viewable through WebAdvisor. Financial aid is divided evenly between each semester and will appear as a credit once all processing is final. Parents who have been granted access by their student will be able to view billing information and account activity. In general, payment options include:

  • By the semester: Fall billing is available on July 15 and payment is due by August 15. Spring billing is available December 1 and payment is due by mid-December.

  • UE Monthly Payment Plan: 10- or 8-month enrollment options available.

  • Parent PLUS Loans or private student loans: Parent PLUS Loans or private student loans may be requested in amounts to cover the remaining balance. Additional funds may be requested to cover indirect costs, up to Cost of Attendance.

    • Federal Parent Loan for Undergraduate Students (PLUS): Parents of dependent students may apply for the Federal PLUS Loan.

      • Parent will log in to studentloans.gov with his/her FSA ID and complete the online application for the PLUS Loan for Parents. Once application is submitted, parent will receive the credit check decision.

      • Loan Agreement (MPN): Federal regulations require that first-time parent borrowers complete a Loan Agreement (MPN) for the Parent PLUS Loan at studentloans.gov. (Note: The MPN is required to be completed by the parent borrower even if the parent has borrowed for another child. The MPN is unique to the parent/child pairing.)

      • Parent will receive a follow-up email from the Office of Financial Aid with the PLUS Loan Supplemental form.

    • Private Loan for Student: Private educational loans (often called 'alternative' loans) are available on a credit-approval basis from private lenders and offer additional financial assistance if you have exhausted all other sources of funding for your education. Filing the FAFSA is not required for private loans; however, you are encouraged to use all grants, scholarships and federal loans for which you are eligible before considering any private loan. Lenders allow the loan to be in the student’s name; however, most require a creditworthy adult cosigner to qualify for a private loan. Each private lender has different eligibility requirements, loan rates, repayments terms, and conditions. Some will not require loan repayment until after college, but may require payment of interest while you are in school. Please use our Private Lender Comparison Tools to compare private loan options and access online applications. The lenders listed in these links are the most widely used by UE students and are offered here for the convenience of comparing loan options. You may select any lender you wish for a private educational loan.

Return to Financial Aid Timeline

Office Phone:
812-488-2364 or 800-424-8634

Office Fax:
1-844-433-7153

Office Email:
financialaid@evansville.edu

Office Location:
Room 116, Olmsted Administration Hall