Quinnipiac University

Frank H. Netter MD School of Medicine Frequently Asked Questions

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Frequently Asked Questions

Yes, you must re-apply for financial aid each year. You must file your FAFSA after October 1, and the recommended deadline to submit your application is March 1 each year.

Yes, parent information is required for students who wish to be considered for institutional financial aid (aid given by the medical school) even though an applicant is considered independent for purposes of federal loans.

You may borrow up to the cost of attendance (COA) minus any other aid received. If your COA equals the amount of aid on your financial aid offer letter, then you cannot borrow an additional loan. If your COA is larger than the amount of aid on your financial aid offer letter, then you can borrow up to the difference.

No, you may accept all or part of the loan offered. You should indicate the amount you wish to borrow on your electronic financial aid offer letter. For example: If you are awarded $10,000 for the fall semester and $10,000 for the spring semester, but you need to borrow only $3,000 per semester. Replace the $10,000 with $3,000 for each semester, accept the award and submit the response.

No, you will need to budget for these expenses using your own resources. The maximum amount you can borrow is the cost of attendance minus other aid. The cost-of-attendance budget does not include your living expenses for the summer and does not take into consideration expenses related to owning a car, relocating to Connecticut, or other debt.

Our academic year budget reflects the expectation that you will have at least one roommate and is not increased if you choose to live alone. You will need to budget for the additional expenses using your own resources.

You must notify your lender of your return to school to initiate a loan deferment. The deferment process will halt your loan repayment obligation so long as you are enrolled at least as a half-time (6 credits) student. You may be required to complete deferment paperwork and submit that paperwork to the Office of the Registrar for processing.

Yes, you may apply for financial aid once a semester has started. Keep in mind that all paperwork must be complete, your FAFSA results received by the university, and your Federal Direct Loan originated prior to the last date of enrollment for the academic period.

Once you have completed your Federal Direct Master Promissory Note and entrance counseling, your funds will be disbursed to the University in two equal installments (minus applicable fees) via electronic funds transfer no sooner than 10 days prior to the start of each semester. Loan proceeds are applied to your account balance. If funds are remaining after the account is paid, the Office of the Bursar will issue a refund within 14 calendar days either by directly depositing the funds into your personal account or mailing a check to your address on file. It is imperative that you make financial arrangements with your landlord and/or creditors in advance of the start of class. Refunds, in excess of your institutional charges, will be issued at the time your account is in a credit balance position, which is often well into the semester. We will make every effort to expedite your financial aid; however, please remember this is the busiest time of year for us and the Department of Education, so please try to be as timely as possible when submitting your paperwork.

You may elect to defer your payments for six months; however, interest will continue to accrue. Beyond that, you should contact the Department of Education to discuss options, such as forbearance.

Code of Conduct and Professional Memberships

We are pleased to provide you with a comprehensive set of standards that guide our financial aid practices. Our goal is simple: to advocate for you with the highest level of professionalism and ethical behavior.

Memberships and Affiliations

Quinnipiac University has been a longtime member of the National Association of Student Financial Aid Administrators (NASFAA) and subscribes to that organization's Statement of Ethical Principals and Code of Conduct for Financial Aid Professionals.

Learn more about NASFAA

Read the statement

Our seasoned staff are longtime members of the Eastern Association of Student Financial Aid Administrators (EASFAA).

Learn more about EASFAA

Our institution also belongs to the Connecticut Association of Professional Financial Aid Administrators (CAPFAA).

Learn more about CAPFAA

Connecticut Code of Conduct

The university has adopted the Connecticut Code of Conduct. Our office adheres to all of the standards and practices that are outlined in the document.

Download the Connecticut Code of Conduct (PDF)

On August 27, 2007, the Connecticut Attorney General announced that all Connecticut institutions of higher education had volunteered to adopt the Connecticut Code of Conduct: a clear roadmap that outlines the ethical administration of financial aid. In fact, Quinnipiac University, one of 17 private colleges and universities in the state, had worked closely with the Connecticut Conference of Independent Colleges (CCIC) in helping to draft this code.

Student Loans and Suggested Lenders

Effective July 1, 2010, all colleges and universities are required to process all Federal Stafford and PLUS loans through the government’s Federal Direct Loan Program. Private lenders no longer participate in the federal loan programs. We do not recommend lender lists for students or parents inquiring about private educational loans, nor do we recommend one loan program over another. Students are strongly encouraged to exhaust all of their grant, scholarship and federal loan options before considering private loans. Private educational loans often come with higher interest rates and fees, as well as other less favorable terms and conditions than those offered through the federal loan programs. Private loans require credit checks and often require credit-worthy cosigners, making them more difficult to secure. While we do not make private educational loan recommendations, we do guide families toward a website provided by ELM Select, a non-profit organization that provides an unbiased comparison tool for comparing private educational loans. We also suggest that you pay attention to your home state’s loan programs which can often provide better terms, conditions, fees and interest rates.

Learn more about loans:

Undergraduate loans

Graduate loans

Law loans

Medicine loans

Contact the School of Medicine

We’re always here to help provide additional information and answer any questions you may have.

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