{"id":1103,"date":"2023-01-03T10:35:31","date_gmt":"2023-01-03T15:35:31","guid":{"rendered":"https:\/\/www.umw.edu\/financialaid-new\/?page_id=11"},"modified":"2026-04-15T10:03:19","modified_gmt":"2026-04-15T14:03:19","slug":"process","status":"publish","type":"page","link":"https:\/\/www.umw.edu\/financialaid\/process\/","title":{"rendered":"The Financial Aid Process"},"content":{"rendered":"\n<section class=\"wp-block-umw-hero alignfull umw-custom-block umw-hero umw-hero--dark-text umw-hero--white umw-hero--with-no-media umw-hero--with-no-content\"><div class=\"umw-hero__inner\"><div class=\"umw-hero__media\"><\/div><div class=\"umw-hero__title\"><div class=\"container\"><div class=\"umw-hero__title__wrapper\"><div class=\"umw-hero__eyebrow\">Financial Aid<\/div><h1 class=\"umw-hero__title__header\">The Financial Aid Process<\/h1><\/div><\/div><\/div><\/div>\n<div class=\"wp-block-umw-hero-ctas alignfull\"><div class=\"umw-hero__links\"><div class=\"container\"><div class=\"umw-hero__links__wrapper\">\n\n\n\n<\/div><\/div><\/div><\/div>\n<\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-aid-process\">Financial Aid Process<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>October:<\/strong> FAFSA Opens<\/li>\n\n\n\n<li><strong>February 1:<\/strong> Scholarship Application Opens<\/li>\n\n\n\n<li><strong>March 1:<\/strong> FAFSA Priority Filing Deadline<\/li>\n\n\n\n<li><strong>May 15:<\/strong> Scholarship Application Closes<\/li>\n\n\n\n<li><strong>Mid-May:<\/strong> 5 month payment plan opens<\/li>\n\n\n\n<li><strong>June:<\/strong> Financial Aid is visible through Banner<\/li>\n\n\n\n<li><strong>June: <\/strong>Verification Documents Due. Complete financial requirements.<\/li>\n\n\n\n<li><strong>July:<\/strong> Bills sent out<\/li>\n\n\n\n<li><strong>Early August:<\/strong> Financial Aid is disbursed. Bills due.<\/li>\n\n\n\n<li><strong>Late August:<\/strong> Semester begins<\/li>\n<\/ul>\n\n\n\n<p>The UMW Financial Aid office assists students through their financial aid journey during their time in college. Students are encouraged to actively participate in their financial aid processes, and are encouraged to meet with a Financial Aid advisor if they have questions regarding any of the following processes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-important-steps-to-take\">Important Steps to Take<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Complete the FAFSA<\/button><div class=\"accordion__question__answer\">\n<p>Apply for the<a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\"> FAFSA<\/a> each year to ensure you are receiving all aid!<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Scholarship Certificate<\/button><div class=\"accordion__question__answer\">\n<p><strong>Transfer<\/strong>&nbsp;Scholarship Certificate Link:&nbsp;<br><a href=\"https:\/\/admissions.umw.edu\/register\/tr_schol_cert\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/admissions.umw.edu\/register\/tr_schol_cert<\/a><\/p>\n\n\n\n<p><strong>First-Year<\/strong>&nbsp;Scholarship Certificate Link:<br><a href=\"https:\/\/admissions.umw.edu\/register\/FY_SCHL\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/admissions.umw.edu\/register\/FY_SCHL<\/a><\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Accept or Decline Loans<\/button><div class=\"accordion__question__answer\">\n<ol class=\"wp-block-list\">\n<li>Go to umw.edu\/in<\/li>\n\n\n\n<li>Click on the Banner box -&gt; Click Banner SSB, and sign in<\/li>\n\n\n\n<li>Select \u2018Student and Financial Aid\u2019 then \u2018Financial Aid\u2019<\/li>\n\n\n\n<li>Select \u2018Offer\u2019 from the top menu and scroll to the bottom of the page.<\/li>\n\n\n\n<li>Go to \u2018Options to Pay Net Cost\u2019 and use the drop-down box to accept\/decline the loans offered to you.<\/li>\n\n\n\n<li>Use the drop box to accept or decline your loans (the empty box to the right of the loans can be used to accept a partial amount) and hit submit. The accepted amount will be split between the fall and spring semesters. Be sure to accept your subsidized loans first as they do not accrue interest while you are enrolled at least half time.<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Loan Requirements<\/button><div class=\"accordion__question__answer\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-master-promissory-note\">Master Promissory Note<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to https:\/\/studentaid.gov<\/li>\n\n\n\n<li>Sign in with your FSA ID<\/li>\n\n\n\n<li>Select \u201cComplete Master Promissory Note\u201d<\/li>\n\n\n\n<li>Select one of the following\n<ul class=\"wp-block-list\">\n<li>Students: Select <em>Subsidized\/Unsubsidized<\/em><\/li>\n\n\n\n<li>Parents: Select <em>Parent PLUS<\/em><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Complete steps 1-4<\/li>\n\n\n\n<li>After completing, you should receive a confirmation email. <strong>Keep this for your records.<\/strong><\/li>\n<\/ol>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h4 class=\"wp-block-heading\" id=\"h-entrance-counseling\">Entrance Counseling<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to https:\/\/studentaid.gov<\/li>\n\n\n\n<li>Sign in with your FSA ID<\/li>\n\n\n\n<li>Select \u201cComplete Loan Counseling\u201d<\/li>\n\n\n\n<li>Select \u201cEntrance Counseling\u201d<\/li>\n\n\n\n<li>Select University of Mary Washington as a school to notify<\/li>\n\n\n\n<li>Select your student type<\/li>\n\n\n\n<li>After completing, you should receive a confirmation email. <strong>Keep this for your records.<\/strong><\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Verification<\/button><div class=\"accordion__question__answer\">\n<p>Verification is a process where the Financial Aid Office confirms that the information on a student\u2019s FAFSA is accurate. Any transaction\/update to the FAFSA can trigger verification.<\/p>\n\n\n\n<p>Check your Banner account to see if you have any outstanding requirements.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Scholarship Manager<\/button><div class=\"accordion__question__answer\">\n<p>Complete the UMW Scholarship application to apply for various scholarships. These are open only to UMW students and is open from February 1st to May 15th (some scholarships close in April). <\/p>\n\n\n\n<p>Apply at <a href=\"https:\/\/umw.scholarships.ngwebsolutions.com\/CMXAdmin\/Cmx_Content.aspx?cpId=886\">UMW.EDU\/SCHOLAR <\/a><\/p>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Aid Process The UMW Financial Aid office assists students through their financial aid journey during their time in college. Students are encouraged to actively participate in their financial aid processes, and are encouraged to meet with a Financial Aid advisor if they have questions regarding any of the following processes. Important Steps to Take<\/p>\n","protected":false},"author":2724,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"umw_cb_additional_links":[[]],"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_advisory_expires_time":"","_advisory_meta_include":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":{"0":"post-1103","1":"page","2":"type-page","3":"status-publish","5":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Financial Aid Process &#187; Financial Aid<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.umw.edu\/financialaid\/process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Financial Aid Process\" \/>\n<meta property=\"og:description\" content=\"Financial Aid Process The UMW Financial Aid office assists students through their financial aid journey during their time in college. 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