Changes in Financial Situation
Students are required to inform the Student Financial Aid Office of any additional financial resources received after completing financial aid applications.
Additional funds received that exceed the student’s eligibility for need-based financial aid may result in that aid replacing any loan funds the student has been awarded. The Student Financial Aid Office is required to replace any campus-based funds awarded with the external funding, if required to resolve the over award situation.
Outside Aid Reporting
If the family’s financial situation has changed since completing the FAFSA or Renewal Application, the student’s financial aid eligibility may be re-evaluated. In order for this re-evaluation to occur, a letter addressing the change in financial situation should be sent to the Student Financial Aid Office after June 1 (for the upcoming academic year).
Family Contribution (EFC) Appeal
Students who have extraordinary living expenses, child care expenses, health care expenses, etc. may have those costs considered in the Cost of Attendance by completing a Budget Appeal form, available in the Student Financial Aid Office.
Tool Kit Aids Flood Victims in Financial Recovery
A free online resource is available to help people get their finances back in order after a flood.
Recovery After Disaster: The Family Financial Toolkit is a free resource developed in partnership by the North Dakota State University Extension Service and University of Minnesota Extension. The toolkit is designed to assist people who have experienced a disaster in pulling the financial pieces of their life back together.
It's available at www.extension.umn.edu/family/tough-times/disaster-recovery/family-financial-toolkit.
This hands-on tool kit can help flood victims learn key strategies for financial recovery, identify helpful resources, and explore options. The tool kit includes:
- 10 key strategies disaster survivors should know as they begin to work on their financial recovery
- Checklists on what to do in the first hours and days after the disaster when you return to your property, plus key financial issues and resources related to the cleanup phase of the recovery process
- Worksheets to help you assess your financial situation and make your plan for long-term recovery
- Housing assessment tools to use as you work on your short- and long-term housing needs
- A section to help you understand that things never will be the same as before the flood, but eventually you will come to a "new normal"
- Specific disaster resources for North Dakota families
