Continuing education students may apply for federal financial aid, including federal Direct Unsubsidized Loans, by completing the Free Application for Federal Student Aid (FAFSA).
- The FAFSA must be filed for each academic year (July 1 to June 30).
- Salve Regina's school code is 003411.
- This application may be completed after Oct. 1. The FAFSA now requires prior-prior year tax information. For example, for the 2017-2018 academic year, 2015 tax information is required.
- You must sign the FAFSA electronically using the FSA ID you create through the Department of Education website. Learn how to create an FSA ID.
To be eligible for financial aid at Salve Regina, continuing education students must:
- Be a citizen or legal resident of the United States.
- Be enrolled at least half-time (two courses/six credits per semester) and be accepted as a candidate in a degree- or certificate-granting program at the University (conditionally accepted and non-matriculating students are not eligible for financial aid).
- Make satisfactory progress toward the completion of the course of study.
- Not be in default on federal loans.
- Not owe a refund on a federal grant.
The Department of Education may select you for a process called verification. If you are selected, you may have to submit additional information, and you will be notified by the Department of Education and our office as to what documents are needed.
Additional Required Documents
In addition to the annual FAFSA, the following documents are required:
- Federal Direct Loan master promissory note. This loan document has no dollar amount and is valid for up to 10 years in most cases.
- Federal Direct Loan entrance counseling session
After Your Financial Aid File is Complete
You must inform the Office of Financial Aid when registering for each enrollment period. Continuing education students must be enrolled at least half time each semester to be eligible for federal financial aid.
- Students who are registered for six credits for the fall semester and six credits for the spring semester are considered and awarded as half time.
- Students who are registered for 12 credits for the fall semester and 12 credits for the spring semester are considered and awarded as full time.
- Students who are registered for three credits in the first summer session must be registered for at least six credits in the spring semester to be eligible for financial aid.
- Students who are registered for three credits in the second summer session must be registered for at least six credits in the subsequent fall semester to be eligible for financial aid.
Satisfactory Academic Progress
A cumulative GPA of 2.0 is required to receive financial aid. Students whose cumulative GPA falls below 2.0 in any given semester are considered to be on academic probation for the following semester. In order to be eligible for financial aid during this period, students must send a letter of appeal to the director of financial aid to request consideration to receive a probationary semester of financial aid. If approved, students will receive one additional semester of financial aid if they meet the other qualifications.
Loan amounts per semester are based on federal independent and dependent student maximums. Continuing education students are awarded per semester based on the number of credits the student is registered for. If at least one course is on campus, students are entitled to receive additional loan monies for living expenses ($3,000 per semester is the maximum). Students are also awarded $100 for books based on the number of courses they are enrolled in.
If you wish to decline or reduce any part of your loan, you must complete the financial aid award change form. Or you may notify your counselor in writing or from your Salve Regina email address, and we will adjust your loan accordingly.