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Frequently Asked Questions

  • What is financial aid?

    Financial aid is funding awarded to eligible students to assist with the cost of attending a college or university. ASU’s Financial Aid Office helps students make and finalize financial aid arrangements.

    Financial aid is awarded in the form of grants, scholarships, loans and work-study. Grants and scholarships are generally considered gift aid and do not have to be repaid. Loans must be paid back, usually upon the completion of the degree. However, many loans have different repayment requirements, so please check with the Financial Aid Office concerning the various loan programs. College work-study programs allow students to work on and off campus to earn a portion of their financial aid through a monthly paycheck.

  • Where does financial aid come from?

    Financial aid can come from a variety of sources, including federal and state governments, the university or outside sources, such as companies or civic groups.

  • When should a student apply for financial aid?

    The application period for federal and state aid begins Oct. 1 of each year for the following award year (Sept. 1 through Aug. 31). As soon as possible after Oct. 1, the Free Application for Federal Student Aid (FAFSA) should be submitted electronically. Since the FAFSA is filed electronically, please be sure to record all personal identification numbers (PINs)

    All other required forms should be completed and submitted directly to the ASU Financial Aid Office. Please see the financial aid checklist and priority dates pages for more information. The application period for institutional and outside agency scholarships will vary, depending on the program.

  • How does a student qualify for need-based financial aid?

    Financial need is the difference between the cost of attending the university and the resources available to the student to help meet that cost. Thus, financial need is:

    Cost of Attendance (COA)
    Minus
    Expected Family Contribution (EFC)
    Minus
    Other Available Resources
    Equals
    Financial Need

    The EFC is determined by filing the FAFSA and combining the student’s contribution and the parents’ contribution (for dependent students). All applicants are required to inform the Financial Aid Office of any additional assistance to be received from outside sources during the application period.

  • Who determines what financial aid a student will receive?

    Upon the student’s completion of the application, the Financial Aid Office will determine programs that the applicant is eligible for and then offer a financial aid package that may include grants, scholarships, loans and/or work-study.

  • How do I use the IRS Data Retrieval Tool?
  • How do I request a copy of my Income Tax Return Transcript?
  • How does enrollment affect my financial aid?

    Please read “Enrollment”

  • How is repeat coursework treated?
  • How will dropping a class affect my financial aid?
  • Where can I find information on refunds?

    Please read “Refunds”

Helpful links

The government and a few other organizations have created websites to help you understand financial aid and how to apply.

Financial Aid Links

Have We Been Helpful?

Please take this survey and let us know if the Financial Aid Office has helped you.

Ready to get started?

The Financial Aid Office recommends that you begin the financial aid process by filling out the Free Application for Federal Student Aid (FAFSA). This document will allow you to apply for federal and state grants, loans, need-based scholarships and work-study.

Include ASU’s Federal School Code (003541) in the “School” section to ensure electronic access to the Financial Aid Office’s Student Aid Report. For more information, see financial aid forms and applications.

More info

Want more details about applying for financial aid? Check out this page:

  • Do you Have a Financial Aid Question?

    Fill out the Ask Financial Aid form if you have a financial aid question. If you are a currently enrolled student at Angelo State University and need assistance with your specific financial aid status we recommend you contact the Financial Aid Office directly at:

    Contact Us