Frequently Asked Questions

How do I file the Free Application for Federal Student Aid (FAFSA)?

Begin by creating an FSA ID, a username and password combination, at StudentAid.gov. The FSA ID serves as an electronic signature for the FAFSA form and allows users to sign loan contracts and access certain information on the Federal Student Aid websites.
If you are a dependent student, visit StudentAid.gov/fafsa-apply/parents to determine who counts as a parent on your FAFSA form. Your parent(s) also must create their own FSA ID.
Visit fafsa.gov to complete the FAFSA form online.
Include Xavier University's school code (003144) on the FAFSA form.
Electronically sign the FAFSA form using your FSA ID. Make sure you and your parents provide consent and approval so your federal tax information can be obtained automatically from the IRS to help complete the FAFSA form. If consent and approval are not provided by all contributors on the FAFSA form, you will not be eligible for federal student aid, including grants and loans. All participants must provide consent and approval even if they did not file a U.S. federal tax return or any tax return at all.
After the FAFSA form is received by Xavier University (usually 7 days from when you file), the financial aid staff will generate a financial aid package and notify the student. Financial aid information may be reviewed in Self-Service.

How do I apply for a Federal Direct Student Loan?

File the FAFSA form at fafsa.gov.
Receive your financial aid eligibility from Xavier's Office of Student Financial Services.
First-time borrowers must complete Entrance Counseling and a Master Promissory Note (MPN).

How do I apply for the Federal Direct PLUS Loan for Parents?

The FAFSA form must be filed before a PLUS loan can be processed.
Determine the desired amount of the loan and loan period (i.e., semester or academic year). Remember that a loan fee will be assessed by the Department of Education which will reduce the amount that is sent to the school. The fee is 4.228% for PLUS loans first disbursed on or after 10/1/20 and before 10/1/25.
The parent will use their own FSA ID to fill out the Direct PLUS Loan Application at StudentAid.gov.
Complete the PLUS Master Promissory Note (MPN) for Parents of Dependent Undergraduate Students.
The Department of Education will notify the parent whether the loan is approved or denied. If the loan is approved, the Office of Student Financial Services will review the request and notify the student when the loan has been processed.

How do I apply for a Private Loan?

Review Xavier's recommended Private Loan programs. You are free to choose any lender, including those not presented on the FastChoice site.
Apply for a loan that suits your purposes.
The lender will review the application and notify the student of their decision.
Xavier's Office of Student Financial Services will receive a request to certify the loan after the loan has been approved.
The loan will disburse to your student account at Xavier once it has received final approval from your lender. The earliest disbursement date will be one week after the start of a semester.

How do I make an appointment to meet with a Xavier financial aid counselor?

A financial aid counselor is available during the posted drop-in hours. No appointments are necessary.