What is a Financial Aid Award and how is it determined?
Awards tell you what financial aid programs you are eligible for and how much you can receive from each program. All awards are based on the information you provided on the Free Application for Student Aid (FASFA) or your renewal application. Awards are based on financial need and eligibility. This is determined by the Financial Aid Office. You may accept all or parts of your award which may consist of one or more types of financial aid such as scholarships, grants, and/or federal work study. All awards are based on an estimate of the amount of funds available for the current award year and the estimated number of applications. Therefore, all awards are subject to reduction or cancellation if actual funds do not meet estimates. If any significant change from the award you accepted is necessary, you will be notified at the earliest possible date.
Awards tell you what financial aid programs you are eligible for and how much you can receive from each program. All awards are based on the information you provided on the Free Application for Federal Student Aid (FAFSA) from which your Expected Family Contribution (EFC) was derived. Your EFC along with the number of your enrolled credits, which corresponds with the Cost Of Attendance Budget used (1), is how the Financial Aid Office will determine your funded awards. Most awards (federal & state) are based on financial need and eligibility. Eligible students receive a CMN Financial Aid Award Letter when your FA File is complete with the following: (A) Clear FAFSA (B) CMN Acceptance Letter (C) Registered into a degree program. All awards are based on an estimate of the amount of funds available for the current award year and the estimated number of applications. Therefore, all awards are subject to reduction or cancellation if actual funds do not meet estimates.
Awards tell you what financial aid programs you are eligible for and how much you can receive from each program. All awards are based on the information you provided on the Free Application for Federal Student Aid (FAFSA) from which your Expected Family Contribution (EFC) was derived. Your EFC along with the number of your enrolled credits, which corresponds with the Cost Of Attendance Budget used (1), is how the Financial Aid Office will determine your funded awards. Most awards (federal & state) are based on financial need and eligibility. Eligible students receive a CMN Financial Aid Award Letter when your FA File is complete with the following: (A) Clear FAFSA (B) CMN Acceptance Letter (C) Registered into a degree program. All awards are based on an estimate of the amount of funds available for the current award year and the estimated number of applications. Therefore, all awards are subject to reduction or cancellation if actual funds do not meet estimates. If additional funds are
