Financial Aid

Our Goal

The mission of the Financial Aid Office is to provide a financial package to cover the difference between the student’s budget and the amount revealed by his or her official need analysis. Current and prospective students are urged to apply for financial aid early and follow up on any additional information needed to make an award. The University’s Financial Aid Office, located on each Campus, is available to assist with the application process.

The Office of Financial Aid at Florida National University attempts to meet your financial need with a combination of all aid funds for which you are eligible, providing you with a financial aid package.

Determine Your Contribution

When you apply for federal student aid by completing the Free Application for Federal Student Aid (FAFSA), the information that you report (income, assets, number of family members, number in college, etc.) is applied to a formula established by the U.S. Congress. The formula calculates your family’s ability to pay for your educational expenses, and produces a figure that is referred to as your Expected Family Contribution (EFC).
Your financial need is the difference between your cost of attendance, as calculated by the institution, and your Expected Family Contribution. This calculation is often expressed as follows:
Cost of Attendance – Expected Family Contribution = Financial Need

What is Financial Literacy?

Financial literacy describe someone’s knowledge of financial topics and financial management skills. A student’s financial literacy can have a significant impact on their future. Read this article to learn more: Financial Literacy

What is Financial Aid?

Financial aid is money (scholarships, grants, loans, and work-study) provided by various agencies (federal, state, local governments, community organizations, and private corporations or individuals) to help students meet the cost of attending college. There are online resources called:

that provides additional information.

Financial Need

The cost of attendance (COA) at Florida National University consists of tuition and fees, room and board, books and supplies, transportation, and personal expenses. You must complete a Free Application for Federal Student Aid (FAFSA). The Department of Education will determine your expected family contribution (EFC) or the amount you and your parents/spouse will be expected to pay towards your estimated COA. Your financial need is the difference between your COA and your EFC. The amounts and types of aid awarded to you will depend upon your level of need as determined by this calculation.

Applying for Financial Aid

The first step is to create Your FSA ID
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA®) site at fafsa.gov.

To create your FSA ID go online at: https://studentaid.ed.gov/sa/fafsa/filling-out/fsaid#fsaid-intro
If you’d like more information about the FSA ID, please visit : https://studentaid.ed.gov/sa/fafsa/filling-out/fsaid#fsaid-intro
The second step is to complete the FAFSA.
Fill out the FAFSA (Free Application for Federal Student Aid) online at: www.fafsa.ed.gov
Florida National University School Code is:

Hialeah Campus 017069

South Campus E00834

Training Center E00835

Distance Learning 017069

If you’d like more information about (What is the FAFSA form? Why should you fill out the FAFSA form? When do you need to fill out the FAFSA form? How do you fill out the FAFSA form? And what happens after you fill out the FAFSA form? Please visit: https://studentaid.ed.gov/sa/fafsa

In the Third step of applying for a Student Loan, you must complete the Entrance Counseling and Master Promissory Note. If you’d like more information, please visit https://studentaid.ed.gov/sa/fafsa/next-steps/entrance-counseling

Entrance/Exit Counseling

  • Complete the Student Direct Lending Loan Entrance Counseling at the Department of Education Website: www.studentloans.gov
  • Master Promissory Note
  • Students must sign the Master Promissory Note to receive a student loan. Signing a promissory note means you agree to repay the Student Loan according to the terms of the note.
  • To complete the Master Promissory Note, please go online at: www.studentloans.gov

Please remember to use your FSA ID to sign in.
This site (www.studentloans.gov) is your source for information from the U.S. Department of Education about managing your student loan.

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid. It receives data from schools, agencies that guarantee loans, the Direct Loan program, the Pell Grant program, and other U.S. Department of Education programs.
You may contact the loan holder or visit the NSLDS website at www.nslds.ed.gov for further information about your loans.
Note: Please refer to your award letter from the University for any grants, scholarships, etc. not displayed on NSLDS.

Complete Student Loan Exit Counseling

You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment.

You’ll learn about what your federal student loan payments will look like after school. We’ll recommend a repayment strategy that best suits your future plans and goals.

Complete Exit Counseling Here: https://studentaid.gov/exit-counseling/

Office of Financial Aid
4425 West 20 Ave
Hialeah, Florida 33012
Financial Aid Office Phone: (305) 821-3333
Fax: (305) 362-0595
Financial Aid Staff

Notice

Applying for financial aid is an annual process. You must complete a FAFSA each year for which you request financial aid. Your Expected Family Contribution and your costs will be reevaluated each year, and as a result, your financial aid package may change. Meeting Florida National University’s financial aid application priority date of March 1 is critical to ensuring that your financial aid package is the most favorable package we can offer.

Circumstance Changes

If you or your parent’s financial situation changes, please get in touch with the Financial Aid Officer. We may be able to reevaluate your need for funding based on your changed circumstances. Changes to be reported include the following:

  • Loss of employment
  • Death or disability of a parent
  • Divorce or separation
  • Loss of untaxed income
    (such as child support)

Note: Some of the documents are provided in Adobe Acrobat format. You will need the free Adobe Acrobat Reader to view or print PDF files.