Financial Aid
Types of Aid
Financial aid is a federal service that is provided complimentary of charge. Assistance and guidance are offered at SUNM at no charge. It is advised that you exercise care around any company or individual that provides assistance to you or offers services for a cost.
Below are a number of kinds of aid for students:
- The Federal Work-Study Program allows you to earn money to pay for school by working part-time. To read more about Work-Study Programs, click on this link. Work-Study Programs that are currently provided at SUNM Include: Federal Work-Study Program
- When you get a student loan, you are borrowing money to go to a college or career school. You must pay back the loan along with the interest that accrues. It is very important to understand your repayment choices so you can effectively repay your loan. To find out more about loans, click here.
Applying for Aid
Submit the FAFSA and Check Your Deadlines
To be considered for federal student aid for the 2021- 2022 award year, you might complete a Free Application for Federal Student Aid ( FAFSA) between October 1, 2020, and midnight Central Time, June 30, 2022. Any corrections or updates need to be submitted by midnight Central Time, September 11, 2022.
Because of the variation in state and college deadlines, it is extremely suggested that you complete the FAFSA as quickly as you can after October 1 to make sure that you do not lose out on readily available help. Something to consider, however, is that the FAFSA asks for your income tax return info for the present year. Often, this info may not be readily available up until the end of January, at the earliest. Keeping this in mind, you may select to either wait until you or your family files earnings taxes for the year or finish your FAFSA utilizing estimates originated from the previous year’s tax returns and other documentation. If you do this, you will need to return later on and correct any inconsistencies between the approximated values and the existing year’s tax returns.
The fastest way to apply is digitally, but the application form can also be downloaded, printed, and sent by mail. Hard copies of the form are offered at numerous high schools and colleges or can be acquired by calling 1-800-4-FED-AID (1-800-433-3243).
Receiving Aid
Choices for receiving funds:
- Deposit to an existing account — Money is moved to an existing account the exact same business day BankMobile receives funds from your school. Typically, it takes 1– 2 company days for the receiving bank to credit the money to your account.
- Paper Check Delivered by USPS — A check is sent by mail the very same company day funds are acquired from your school, provided receipt is within daily cutoff times. Generally, it takes 5– 7 organization days for the check to get here, depending on USPS First-Class ® shipment timeframes.
Financial Aid Disbursements
SUNM processes refunds to students 2 weeks after the 100% refund date of the term. After that date, refunds will be processed on a weekly basis.
Maintaining Your Aid
- Students must maintain a minimum cumulative 3.0 GPA
- Students should keep the rate by making 67% of the overall number of all credits taken at SUNM as required in Federal guidelines.
- Students must finish their program within the timeframe enabled (150%) particular to their program length.
- SUNM will carry out SAP evaluations at the end of each academic quarter and will put students who do not make SAP on Federal warning.
- SUNM will outline the appeals process to students so that they might apply for restoring eligibility.
Satisfactory Academic Progress
The Satisfactory Academic Progress (SAP) Policy at SUNM applies to all undergraduate students Further, it applies to all coursework attempted throughout all registration terms, consisting of the summer season. SAP is examined at the end of each academic quarter. The SAP Policy includes both qualitative and quantitative steps as follows:
- Preserving a minimum cumulative 3.0-grade point average (qualitative);
- Meeting rate requirements by making 67% of the total number of all tried credits taken at SUNM, consisting of transfer credits accepted toward the degree (quantitative); and
- Completing the program within the optimum timeframe permitted (150%), particular to the program length: Doctor of Naprapathic Medicine 4.5 years.
SAP Warning
The first time a student stops working to satisfy SAP, she or he will be put on SAP Warning and alerted of this and advised of all SAP Policy guidelines in writing.
SAP Probation
If a student on SAP Warning stops working to go back to SAP at the end of the academic quarter, he/she will be placed on SAP Probation and informed of this in writing. Probation lasts for one academic quarter but may be extended an additional academic quarter if the student made progress, but is insufficient to fulfill SAP.
SAP Dismissal
If a student on their final term of SAP Probation stops working to go back to good standing, he/she will be dismissed from SUNM and notified of this in writing.
Get in Touch With Us
Do not hesitate to give us a call at 505-629-7376 or email us at [email protected]
