Financial Aid Resources
The purpose of this financial aid resource information is to inform students of important federal, state, and institutional policies and procedures. Please review the following information and links thoroughly, and feel free to contact the Financial Aid Office with any questions.
Carroll University Financial Aid Process
1. Review your Financial Aid Offer
You have the right to decline or lower the amount of any funds that you do not want to accept.
- Login to your my.carrollu.edu student portal and navigate to the financial aid page to accept/modify/decline and SUBMIT your financial aid offer.
- If you are accepting your Federal Direct Loans (Subsidized/Unsubsidized) and you are a first-time borrower at Carroll, you will be required to complete and sign a master promissory note (MPN), a legal obligation to repay the loan, before the loan can be disbursed and participate in loan entrance counseling. You may complete these requirements online at studentaid.gov.
2. Review the number of credits and housing status that your Financial Aid Offer was based on.
If any information is incorrect, contact the Financial Aid Office and your offer will be adjusted accordingly.
- Note: The Financial Aid Office will verify your enrollment and housing information. If there is a discrepancy between the information on your financial aid offer and the information we receive from the Registrar and/or Housing Office, appropriate adjustments will be made to your offer.
3. Complete any additional forms found on your my.carrollu.edu financial aid page under ‘Check My Status’ and ‘Missing and Received Documents.’
- This would include the Release of Financial Aid and Business Office Information Form (FERPA) and student job application.
Policies and Procedures
Student Rights and Responsibilities
Know your rights and responsibilities for receiving financial aid
Satisfactory Academic Progress (SAP)
Financial aid recipients must maintain "satisfactory academic progress" (SAP) toward a recognized degree or certificate.
Federal Student Aid Penalties for Drug Convictions
Information on how a drug conviction will affect your financial aid eligibility
Tuition Exchange Programs
Tuition exchanges are available to full-time, undergraduate students of eligible employees at participating institutions
If you have questions about financial aid from your state of residence, contact the agency directly
Summary of the Higher Education Act (HEA) of institutional disclosure requirements
Find downloadable forms for financial aid wards, loans, employment and more
Links to federal, state, and other outside institutions