Current Student Information
All returning students who are applying for financial aid must complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. The recommended filing deadline for returning students is April 1. For Massachusetts state aid consideration, students MUST apply by May 1 for the upcoming year.
Starting with the 2017–18 application cycle, the following changes will be put in place:
Students will be able to submit a FAFSA earlier. Students will be able to file a 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling students to complete and submit a FAFSA as early as October 1 every year. (There is NO CHANGE to the 2016–17 schedule. The FAFSA became available January 1 as in previous years.)
Students will use earlier income information. Beginning with the 2017–18 FAFSA, students will be required to report income information from an earlier tax year. For example, on the 2017–18 FAFSA, students (and parents, as appropriate) will report their 2015 income information, rather than their 2016 income information.
The review process for financial aid begins after the end of the Spring semester, after Satisfactory Academic Progress (SAP) has been determined. Students must be making SAP in order to receive federal, and most institutional, funds. Financial aid award notification letters will be mailed to returning students during the first few weeks in July.
Students are notified of missing documentation on a recurring basis, via their Merrimack student email account. Students whose applications/documents are incomplete, or who must complete the verification process, will be sent an award notification upon submission of all material.
All recipients must be enrolled in a degree program on a full-time basis for the entire semester to continue to receive a scholarship. A student who drops a class during the semester and falls below 12 credits will not be eligible for subsequent semester’s award.
Students must also remain at least half-time to be eligible for Stafford loan funding. Half-time for undergraduate students is a minimum of 8 credits per semester.