FINANCIAL AID OFFICE NEWS FOR 2015-2016
M&T Bank Scholarship
Bank is generously funding fifteen (15) $1,000 scholarships that will be
awarded to incoming freshmen at the 14 PA State System of Higher Education
universities who demonstrate financial need based on standard need analysis
from the FAFSA application and who reside in the specified central PA
counties. View and print the announcement and application.
- Applicant must reside
in one of the following counties: Cumberland, Dauphin and Franklin.
- Applicant must
be accepted as a full-time student at one of the 14 Pennsylvania State
System of Higher Education universities.
- Applicant must
be from a low-to-moderate income family and need financial assistance to
- Applicant must show academic promise – top 25% of
his/her high school graduating class and a high school GPA of 3.0 or
To review all scholarship
opportunities available through the PASSHE Foundation visit them online at www.thepafoundation.org.
Updates to Satisfactory Academic Progress policy
There are changes to the minimum cumulative
GPA requirement for the Financial Aid Satisfactory Academic Progress (SAP)
policy. Effective beginning with the 2015-16 academic year, ALL undergraduate students must be
earning a cumulative GPA of 2.0 or higher.
This update to the SAP policy aligns the requirements for financial aid eligibility with the
University’s academic good standing policy which also requires a 2.0 GPA for all students.
Please click here to read the 2015-2016 Satisfactory Academic Progress policy.
Parent Plus Loan Information
2015-2016 academic year Parent PLUS loan applications may be completed on studentloans.gov beginning April 7, 2015. PLUS loan credit decisions are made immediately upon submission of the application. A follow-up email with the credit decision is also sent by the U.S. Department of Education to the parent borrower's email address. PLEASE NOTE: applications may be completed at this time, however, the actual loan will NOT be added to the student's financial aid award package until after July 1, 2015.
Welcome to Financial Aid
How to Apply for Aid
As a member of Pennsylvania's State System of Higher Education (PASSHE), Shippensburg University can offer a quality education at a surprisingly affordable cost. However, many students still need financial assistance in order to attend college.
Students are encouraged to file a
Free Application for Federal Student Aid (FAFSA) between January 1 and March 31.
The Pennsylvania Higher Education Assistance Agency (PHEAA) requires the FAFSA to be received by the Federal Processor no later than May 1 for Pennsylvania State Grant consideration for PA residents. Completing your federal tax return prior to completing this application is highly encouraged as the FAFSA refers to specific lines on the tax return.
When you complete and submit your FAFSA you will receive a confirmation code and an Expected Family Contribution (EFC) from The Department of Education. The EFC is used to determine your eligibility for certain federal grants and various types for financial aid. The EFC does not represent what you will pay for college but rather what the Department of Education suggests you are able to pay. The financial aid office imports records from the Department of Education on a daily basis.
Important Information for All Students
When information is available (mid to late March), students will log on to the Student
myShip Portal by following the appropriate instructions under the
Financial Aid Student Portal Tab on this page to check their Financial Aid requirements, award packages, and accept, reduce or decline aid.
Students who accept any part of their Federal Direct Loans as part of their aid package and have not previously completed a Master Promissory Note (eMPN) and Entrance Counseling at
www.studentloans.gov should complete these requirements as soon as possible in order for your Federal Direct Loans to disburse timely. Students are encouraged to complete the FAFSA early to avoid processing delays. For additional information, students and parents are encouraged to follow the instructions under the
Aid Checklist and Timeline.