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Important Information to Know

To be considered for all need-based financial aid programs, students must submit:

·     the FAFSA
·     the Beloit College Financial Aid Application

Student Aid Report/Student Information Record

After you have completed your FAFSA online, the FAFSA processor will analyze your FAFSA information and, using a formula established into law by Congress, calculate an Expected Family Contribution (EFC) for you.  By listing Beloit on your FAFSA (003835) the results of your application will be sent directly to Beloit’s financial aid office.  You will receive a Student Aid Report (SAR) or a SAR Acknowledgement. If you have a valid e-mail address on file, you will receive an e-mail that provides you with a link to view and print your SAR data online.  We suggest you print this and keep a copy for your records.

Confidentiality

The amount of your financial aid award reflects your family’s financial circumstances, so we suggest that it be considered a private matter between you, your parents, and the College.  We will not release this information to others, and we think it inappropriate for the amounts of the awards to be publicized by the recipients.  In the case of divorced or separated parents, we are able to discuss your financial aid only with the parent whose information is reported on your Beloit College Application for Financial Aid and your FAFSA.  If you and your parent(s) wish another party to receive information from the Financial Aid Office, we will need written, signed and dated consent from both the student and the parent(s) whose information was reported on the Beloit College Application for Financial Aid and on the FAFSA.

Appeals

If your financial circumstances change, or if there are special or extenuating circumstances that you believe should be considered. The Financial Aid Appeal Form and all documentation must be received in the Financial Aid Office as soon as new circumstances become apparent.

Room and Board Requirements

Beloit College requires students to live in a college residence and be on a college meal plan for a minimum of six semesters.  Please remember that your award is based on the room and board plans you have chosen.  If you choose to live off campus and/or assume responsibility for your meals, your Beloit College gift aid will be reduced by $1,450 per semester ($600 reduction with no board plan and $850 reduction when not in a college residence hall).  Your loan eligibility may be adjusted.  You are required to notify the financial aid office if your room and board charges change after your financial aid award has been prepared.  Note that changes to room and board plans must first be approved by the office of residential life.