GCU Financial Aid Disbursement Dates 2023 varies with the intake for students pursuing their degree. There are mainly 3 intakes for the disbursement Fall, Spring and Summer of 2023. The disbursement time spans from anywhere around 30 days post to your start date and then if there is leftover, it will be sent out by check. The following are the dates for GCU Financial Aid Disbursement Dates 2023.
Contents
GCU Financial Aid Disbursement Dates 2023:
| Fall of 2022 | Sep-Oct, 2023 |
| Spring of 2023 | Jan-March, 2023 |
| Summer of 2023 | June, 2023 |
What is Financial Aid?
Financial aid provides funding to eligible students that are in need of financial support and scholarships. It plays a crucial role in supporting students to achieve their academic goals.
Financial Aid give students access to education, increases course affordability, facilitates career advancement and also help to reduce student debt. It provides much-needed financial assistance to students who may otherwise face significant barriers in accessing higher education.
Eligibility Requirements
- You should be a U.S. citizen or eligible non-citizen.
- You should be admitted to the university and enrolled in a degree.
- You should have good academic records and progress.
- You should not previously owe any money on a federal student grant
- Also, you should not be in default on any federal student loans.
Application Process
The applications process for applying for a Financial aid at Grand Canyon University. Note, the university does not require any students to have supplemental processed by the College Scholarship Service (CSS) or American College Testing (ACT). These supplementary form charge fees from students, which is not required in this case.
- Your first step must fill up and submit the Free Application for Federal Student Aid (FAFSA). The student can also get a paper copy of the application from the Department of Education of the United States.
- The result of the first step will be sent electronically to the financial aid department at the university.
- The above result will determine the eligibility and funds to be awarded to you. This is all after receipt of all required documentation.
- Master Promissory Note (MPN) and Entrance Counseling should be all done before any federal loans awarded. This can be completed through the Department of Education’s website.
Verification Procedure
Students need to go through a verification procedure once their information is reported on the FAFSA. This verification process is done form the Department of Education of the United States before the student is eligible for the TIV aid. After the student gets through the verification process, they’ll be asked to submit the following documents:
- IRS Tax Return Transcript
- Verification of household size and number in college
- Documentation of high school completion
- Government Issued Photo Identification
- Statement of Educational Purpose
Student Responsibility Checklist
In order for you to successfully receive the financial aid you need to perform the following and use it as a checklist to make sure that every requirements are fulfilled.
- Fill up and return all applications documents, forms, verifications and additional information accurately.
- Amend all policies, agreements and documentations that are to be signed and submitted to all the departments. Clear understanding of all is required.
- Go through all the financial aid offers and Ammend all the responsibilities and terms to received the awarded financial aid.
- Notify department if any changes in details and information.
- Review and comply with all the term/rules of the financial aid.
Grand Canyon University can be a great option for students to pursue their undergraduate and graduate degree. A lot of financial assistance opportunities can also be found. The above blog showed you the GCU financial aid disbursement dates 2023.
Also, read our blog on Financial Aid SNHU: Scholarships, Grants, Requirements, & FAQs
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