The Financial Aid Awarding Process
What happens after you receive my FAFSA data?
If you have listed St. Thomas as a school to receive your FAFSA data, we will receive an electronic file with the results of your FAFSA approximately one week after you file the FAFSA online or three to six weeks after you file the paper FAFSA. We will review your FAFSA and, if necessary, may need the following:
- Verification of income and family size
- Confirmation of social security number
- Verification of selective service registration
- Confirmation of citizenship status
Once we have determined that we have accurate information from the FAFSA, St. Thomas will determine a financial aid award for you. We will notify you by mail or e-mail of the types of financial aid and the amounts you may be eligible to receive.
How will I know if I am eligible for financial aid?
St. Thomas will notify you by mail or e-mail (to your UST e-mail account) of your eligibility for the various types of financial aid. You then have the option to accept all, part or none of the individual aid types being offered.
What if I've been admitted to start summer term?
Summer term is always the last term of the St. Thomas academic year. If you have been admitted to start in the summer, you must apply for financial aid for summer term separately from the upcoming fall and spring terms:
- File the FAFSA for the prior academic year for summer term;
- File the FAFSA for the upcoming academic year for the fall and spring terms; and
- File the St. Thomas Summer Financial Aid Application on or after April 1st.
Being admitted in the summer term will require you to file two FAFSAs simultaneously so that we can determine your financial aid eligibility for summer, fall and spring terms within the same time frame.
What if I plan to attend January term?
Financial Aid is not disbursed in the January term. If applicable, January costs are added to your cost of attendance to increase eligibility for spring term aid. You must be enrolled half-time in spring to receive your financial aid. If you wish to have us review your financial aid award to see if an increase can be made to accommodate January term costs, you will need to speak to a Graduate Financial Aid Counselor.
What if my financial situation this year is different than last year?
Because the FAFSA asks for income information from the prior tax year, many students find that the EFC does not accurately reflect their current financial strength. Often times, the change in income from the prior year to the current year may make no difference in the financial aid offer, particularly in the case of a student who has already received the maximum in need-based assistance. To discuss your specific situation, please contact our office and speak to a Graduate Financial Aid Counselor.