Financial Aid

Financial Aid, Billing, & Housing:
What do you need to know to plan for a successful year ahead?
 

What do I need to know as I prepare for Spring semester?

If you lived on campus during the Fall semester, your Fall semester bill AND your Spring semester bill need to be paid in full (or Fall balance paid in full with registration for a Spring payment plan in place) at the time of Spring move-in.

Accepted financial aid will be automatically applied to your student account for Spring semester.

If you had an outstanding balance due on your student account (after financial aid was applied) during the Fall semester, you should plan to have a similar balance due for the Spring semester for which you are responsible for paying in full.

For assistance in creating a financial payment plan, or to learn about options available, please contact Faun Williams at 330-941-3539, or fewilliams01@ysu.edu.  

 

Preparing for the Fall 2022 Semester


What is the number one thing I can do to begin preparing for my financial aid?

  • Complete your Free Application for Federal Student Aid (FAFSA)now.  The FAFSA for the 2022-2023 year is now available at the studentaid.ed.gov webpage
  • The FAFSA priority deadline for maximum aid consideration is February 15, 2022, but do not delay in completing your application.
  • Monitor your YSU student email account as the Office of Financial Aid and Scholarships will communicate via email requests any additional information needed to complete the FAFSA, such as those required for Federal Verification purposes. Please access the link below for additional information on filling out the FAFSA and completing the Verification process.  

YSU Financial Aid-- FAFSA and Verification  YouTube video

  • Apply for scholarships as early as possible on the Office of Financial Aid and Scholarships website, and accessing the YSU Foundation Scholarship Application, as well as the Scholarship Search. Please access the link below to view a tutorial on completing the YSU Foundation Scholarship Application. The deadline to submit the application is February 1, 2022.

YSU Foundation Scholarship Application Tutorial YouTube video


What are additional steps I need to take AFTER I complete my FAFSA and apply for scholarships?
Once a financial aid offer has been issued, you will need to accept the funds offered as soon as possible.  A major misconception by students/parents is that once they have filed their FAFSA, they believe their aid will automatically be applied to their bill.  You must take action to accept the aid offered.  Please access the link below for instruction on accepting the financial aid offer.

2021-2022 How to Accept Your YSU Financial Aid Offer Tutorial Video


Will the aid provided as a result of completing the FAFSA (and scholarship applications) cover all of my costs??
A common misconception among students/parents is that the funding provided as a result of completing the FAFSA will amount to enough to cover all billable charges.  Unfortunately, this is not always the case. Certain federal aid options offered through the completion of FAFSA are considered “need-based,” and as such, not every applicant will qualify. Eligibility for federal need-based funding, such as Federal Pell Grant, are based on a student/family Expected Family Contribution (EFC) calculated upon completion of the FAFSA. The EFC is the amount of money the US Department of Education estimates a family can afford to contribute out of pocket toward the student’s education based on data received within the FAFSA process.  EFC’s vary by student/family, and as a result, so will the amount of overall funding offered to individual students.

Students can expect to receive a Fall billing statement approximately 4-6 weeks prior to the start of the Fall semester via their student email account. Be sure to review the billing statement thoroughly and contact the Office of Financial Aid and Scholarships at 330-941-3505 with any questions or discrepancies.


What other options are available if I have a remaining balance not covered by student financial aid?
Once you realize that additional funds are needed for your education, a Parent Plus Loan may be an option.  Parent Plus Loans are Federal Loans requiring a separate application by a parent and credit approval.  The Parent Plus Loan Application is available at the studentaid.gov loans plus webpage.


Do I need to pay any remaining balance in full?  Yes.  Please know while your student account must be paid in full BEFORE moving in, you do have the option to enroll in the university payment plan to make things more manageable financially. Here’s how to apply.

For more information about the University payment plan, please visit the University Bursar | Payment Plan webpage.


What do I need to know about my billing statement?  If you opt to enroll in a payment plan, your student account is your responsibility.  Students should check their YSU student account regularly, as billing statements are electronic (no paper bill will be sent home).  Students are responsible for understanding the fee structures and obligations and for sharing fee information with others, such as parents and/or guardians, who may be paying fees on their behalf.

  Please see the University Bursar | Billing and Fee Payment webpage for more information.


As always, for support in navigating your entire student bill, please contact the University Bursar at 330-941-3133. Should you require additional explanation or assistance related directly to your financial aid offer and awarding, please contact the Office of Financial Aid and Scholarships at (330) 941 3505 or ysufinaid@ysu.edu