MBA Financial Aid FAQs

pig and wallet Q: Do I have to apply for financial aid each year?

Yes, you must complete the Free Application for Federal Student Aid (FAFSA) each academic school year.

Q: How many hours must I be enrolled to be eligible for financial aid?

A student must be registered in at least 3 hours (half-time) a semester to be eligible for financial aid.

Q: Will a schedule change (add/drop) affect my financial aid?

If a student adds or drops before census date, their financial aid award will be revised.

If a student adds or drops after census date, there are two possibilities:

  • If the student has completed all financial aid requirements and all financial aid funds have been disbursed to the students account, their award will not be adjusted.
  • If the student has not completed all financial aid requirements and all financial aid funds have not been disbursed to the students account, their award must be revised.

Q: When is tuition due?

Tuition is generally due 14 calendar days before the start of the term, as defined by the official academic calendar.

Q: I filled out the FAFSA and received a Student Aid Report in my email. What do I do with it?

Please retain the Student Aid Report (SAR) for your records. It does not need to be sent to Concordia, as the Department of Education provides us with this information. Check your SAR to see if you have been flagged for Verification. If so, contact your Student Financial Planner to discuss the required documentation. Also, review your SAR for errors. If any are found, log in to your FAFSA on the web, make the appropriate correction(s) and re-submit your FAFSA.

Q: Do I have to complete my taxes before filling out the FAFSA?

Since the Department of Education is now asking for "prior-prior year" income tax information for the FAFSA, it is very likely that you will have filed the necessary tax return before you complete your FAFSA. You can use the IRS Data Retrieval Tool while you are completing your FAFSA to transfer your income information from the IRS website directly to your FAFSA.  If that option is not available to you, use a copy of your income tax return to report the requested income information.

Q: I received company reimbursement or a scholarship from an organization outside of Concordia. How do I let Concordia know and who should the money be sent to?

You must list all outside sources of assistance that you will receive or anticipate receiving on your admissions application. If you are notified of a scholarship award or reimbursement after submitting your application, please contact Student Financial Services via email as soon as possible. The organization awarding your scholarship should send payment to the Concordia University Texas Accounting Office prior to August 1.

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