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MU Home » Financial Aid

Frequently Asked Questions

How do I apply for financial aid?

Should I fill out a FAFSA even if I know I won't qualify?

Do I have to fill out a FAFSA each year?

Should I pay someone to file my FAFSA each year?

What is the deadline for filling out the FAFSA?

What is the verification process?

I have been asked to submit my IRS tax return transcript, how do I request it?

What do I do if I am a victim of IRS identity theft?

A tax filer who is unable to obtain an IRS Tax Return Transcript because of IRS identity theft, calls a special IRS group at 1-800-908-4490.  Upon verification of identity, the tax filer can obtain a paper copy of an alternative document unique to identity theft issues (Tax Return Data Base View (TRDBV)).  The TRDBV is an official transcript that can be submitted to the school to meet verification requirements.

How does Methodist University determine my financial aid package?

Are there any other forms to fill out besides the FAFSA?

What happens if I move from on-campus to off-campus?

I'm an undergraduate student who is thinking about dropping below 12 credit hours in a semester, how will this affect my financial aid?

I am currently enrolled and thinking about withdrawing from the university before the semester has ended, how will this affect my financial aid?

My parents are divorced, which parent must complete the FAFSA form and provide tax information?

My parents are divorced and the parent I am living with is remarried. Do I need to report my step-parent's information on the FAFSA form and provide tax information?

My parents don't support me, do I have to include their information on the FAFSA?

What if financial circumstances have changed significantly since the completion of the FAFSA?

What is an award letter and how do I accept my award?

What are the tuition and fees to attend Methodist University?

Is financial aid offered during the summer?

What is Satisfactory Academic Progress?

What are the loan limits for the student loans?

What is the difference in a Subsidized and Unsubsidized loan?

What is the method for applying for a student and parent loan?

If a student's parent applies for a Parent PLUS loan and is denied, or if the student is independent, can he/she borrow an additional unsubsidized loan?

My financial aid does not cover my entire balance, what are my other options?

How and when do I complete the Entrance or Exit Counseling?

Where do I go to apply for outside scholarships?

How should I notify Methodist University if I am receiving an outside/non-university scholarship?