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- Loss of benefits (child support, social security)
How does a student use financial aid to pay for classes? Pending Aid is scholarships the student has been awarded and/or financial aid the student has "Accepted" on . Pending Aid does NOT include College Work-Study or Parent (PLUS) Loans that have been denied due to adverse credit history by the lender. Parent (PLUS) Loans will count toward Pending Aid if the Parent (PLUS) Loan borrower does not have an adverse credit history and SFAS has received a credit approval by the lender.
Pending Aid Example Tuition & Fees $4,000 - Scholarships = $1,000 - Pell Grant = $500 - Stafford Loan = $750 - Work-study = $2,000 - Parent (PLUS) Loan = $6,000 (credit not approved) How much will the student be required to pay? $4,000 - $1,000 - $500 - $750 = $1,750 Student can pay $1,750 by cash, check or credit card OR they can utilize the Installment Plan and/or Short Term Loan options offered through Student Accounting and University Cashiering Services.