Student Resource Portal

 

 

Financial Aid for Our Students

At University of the Potomac, it is one of our primary missions to make a post-secondary degree accessible to everyone. With that in mind, we offer numerous options for financing your education.  The best way to find out what is right for you is to contact one of our Financial Aid advisors. They will give you personal help in matching you with your best options.

Our financial aid staff can be reached by calling 888-635-1121 or by emailing us at finaid@potomac.edu.

Fill out the FAFSA
The Free Application for Federal Student Aid (FAFSA) is used by the College’s Financial Aid Office to determine eligibility for aid and to assist you in deciding what resources are best suited to your circumstances. Go to www.fafsa.ed.gov  to complete the FAFSA online. You will need to electronically sign the form using your previously assigned PIN. If you do not have a PIN # you can apply for one within the application.

University of the Potomac School Code: 032183

You will need your 2011 income information (i.e. taxes) to complete the 2012/2013

**You can request copies of your tax transcripts from the IRS by calling 1-800-829-1040

If you have a previously assigned PIN #and need to retrieve a duplicate copy or activate your PIN #,  you can do so at www.pin.ed.gov.

Complete Required Forms
Complete the required Financial Aid file forms

These forms should  be printed, scanned and emailed or faxed to (866) 954-8523.

Once these steps are complete, the Financial Aid Office will let you know what your estimated awards are!

However, there are more steps for you to take and until those are completed, you are not ready to register for your courses.

Complete Entrance Counseling
Federal Student Loans are an important part of financing educational expenses. University of the Potomac provides students with information and counseling to assist them in managing their loans efficiently.

Loan counseling is completed online at:

https://studentloans.gov/myDirectLoan/index.action#

Federal Loan Application
University of the Potomac participates in the Federal Direct Student Loan program. Federal student loans, unlike grants, are borrowed money that must be repaid. However student loans are not credit based loans and offer another option to eligible recipients to assist in paying for their education.

For dependent students whose award package may include a Parent Loan for Undergraduate Students (PLUS) loan, the parent will need to apply for the PLUS by completing the Consent to Obtain Credit Report form and returning it to the Financial Aid form for processing.

The Master Promissory Note (MPN) for the loans should be completed and electronically signed online at: www.studentloans.gov

Financial Aid Next Steps
The Financial Aid Office will review your file.

Verification
If your 2012/2013 application is selected for review in a process called “Verification”, the Financial Aid Office will contact you. In this process, University of the Potomac will be comparing information from your application with income information and the 2012/2013 verification form. The law says we have the right to ask you for this information before awarding Federal aid. If there are differences between your application information and your financial documents, you or your school may need to make corrections electronically or by using your Student Aid Report (SAR).

Additional Documents
The U.S. Department of Education performs comparisons on every financial aid application with several federal databases including the Social Security Administration, the Department of Homeland Security, and Selective Service. Other checks and balances are performed by the Department of Education which may result in additional documents being required to process your Financial Aid.

Please respond immediately to any request so the processing of your financial aid application is not delayed.

Types of Aid

  • Federal Pell Grant Program (Pell)
  • Federal Supplemental Educational Opportunity Grants (SEOG)
  • Federal Direct Loan Program
    • Subsidized
    • Unsubsidized
    • Parent PLUS Loan
  • Veterans Benefits (VA)
    • Chapter Benefits
    • Yellow Ribbon Program
  • Other Funding Sources
    • Scholarships
    • Employer Based Tuition Assistance programs
    • Private Loans

To retrieve your Loan Information please review the information above, then click on the link below:

Visit the NSLDS web site

Campus: 888-635-1121 | Online: 888-635-1121
Washington DC Campus: 1401 H Street, N.W., Suite 100, Washington, D.C. 20005 | Virginia Campus: 2070 Chain Bridge Rd, Suite G100, Vienna, Virginia 22182