Financial Aid

https://methodist.studentaidcalculator.com/survey.aspx

Office Information

  • Campus Location: Joe W. Stout Hall
  • Telephone Number: (910) 630-7192/7193 or (800) 488-7110 (toll-free)  
  • Office Hours: Monday - Friday, 8:00am - 5:00pm
  • Fax Number: (910) 630-7285  
  • Mailing Address: Methodist University: Office of Financial Aid, 5400 Ramsey Street, Fayetteville, NC 28311
  • FAFSA Federal Code: 002946  

News & Updates

NEW FOR 2017-2018

Tax Regulations

Effective April 25, 2017: IRS Tax Returns Filers - In lieu of using the IRS DRT (currently not available), or obtaining an 2015 IRS Return Transcript, a SIGNED paper copy of the 2015 IRS Tax Return (1040, 1040A, 1040EZ) that was used by the tax filer for submission to the IRS is acceptable documentation to verify FAFSA 2015 tax return information. 

Verification of Nonfiling - Parents, Student and/ or Spouse (if married) are no longer required to provide proof from the IRS of non-filing a federal 2015 tax return.  However, as currently required, Parents, Student and/or Spouse (if married)

 MUST provide to the school

  1.  A signed statement certifying that the individual (Parent 1, Parent 2, Student and /or spouse if married) has NOT filed and is NOT REQUIRED to file a 2015 income tax return, and a listing of the sources of any 2015 income earned by the individual from work and the amount of income from each source; AND
  2.  A copy of IRS form W-2, or an equivalent document, for each source of 2015 employment income received by the individual.                                                       

FAFSA

Beginning with the 2017-2018 academic year, the FAFSA is now available October 1, 2016 instead of January 1, 2017. The 2017-2018 FAFSA must be completed using your 2015 tax information.  We suggest that you use the IRS data retrieval tool (if eligible) to link your 2015 (prior/prior year) IRS information to the FAFSA. The FSA ID-a username and password must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to https://fafsa.ed.gov or on the FSA ID website, the National Student Loan Data System (NSLDS) at https://nslds.ed.gov, StudentLoans.gov or https://studentaid.ed.gov

Methodist University's Federal School Code is 002946-00.

For assistance call 1-800-557-7394

North Carolina Residency Determination

The State of North Carolina has changed its method of determining residency for purposes of state financial aid.  Beginning on December 5, 2016, that determination will no longer be made by the campus but instead will be made by the State through its Residency Determination Service (RDS) website (https://www.ncresidency.org).

Additional information is located on the North Carolina NC Residency Determination website.

2017-2018 Financial Aid Forms are now available!

2015-2016 Parent PLUS and Grad PLUS Loans

Applications for MU will open with the Department of Education on June 15 at studentloans.gov.

Requesting IRS Tax Return Transcripts from the IRS

To obtain an IRS Tax Return Transcript, click here. After user authentication, students or parents will provide the reason for the request, select the year(s), type(s) of information requested, and other requested information and the document will be displayed in a PRINTABLE format. Make sure to request the “IRS Tax Return Transcript” and not the “IRS Tax Account Transcript.” Use the Social Security Number (or the IRS individual taxpayer identification number) and the date of birth of the first person listed on the IRS income tax return, and the address on file with the IRS (normally this will be the address used on the IRS income tax return). In most cases, for electronic filers, a IRS Tax Return Transcript may be requested from the IRS within 2-3 weeks after the IRS income tax return has been accepted by the IRS. Generally, for filers of paper IRS income tax returns, the IRS Tax Return Transcript may be requested within 8-11 weeks after the paper IRS income tax return has been received by the IRS.

Satisfactory Academic Progress Policy

The guidelines have been revised.

Direct Loan Subsidized Loan Time Limitation

If you received your first federal student loan after June 30, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period.” To track your federal loans go to https://nslds.ed.gov.

Pell Lifetime Limits

There is a limit to the total amount of Federal Pell Grant that a student may receive, which is equivalent of 6 school years. To track Pell Grant history go to https://nslds.ed.gov.

Track Your Financial Aid Status at myMU

You can now track your financial aid status (view financial aid awards, missing or received information, or download documents and forms) online at myMU. For timely disbursement of funds, please submit any outstanding information to the Office of Financial Aid as soon as possible.

VIEW MORE

Opening Convocation

President Ben Hancock, Jr. will present his State of the University address.  New faculty will be introduced and several athletic awards, including the...

Professional MBA Program Open House

The Professional MBA Program at Methodist University focuses on Organizational Management and Leadership, and...

Foreign Film Series: "Theeb"

In the Ottoman province of Hijaz during World War I, a young Bedouin boy experiences a greatly hastened coming-of-age as he embarks on a perilous...