How to Apply for Financial Aid and Scholarships

Reaching your educational and career goals while maximizing your financial aid starts here. We are here to help as you work through the financial aid process. By completing the steps outlined here, you can help make earning your degree more affordable. The Regent University financial aid team will work closely with you to design a package that is best for your situation, including federal, state, private and school-funded types of financial aid. Thanks to our variety of robust financial aid plans, we’re ready to lend a hand as you step into your future at Regent. Apply now.

Steps to Apply

How To Get Financial Aid

Follow the steps below to apply for financial aid. If you have any questions, please contact us.

Obtain your FSA ID . Complete the Free Application for Federal Student Aid (FAFSA) and enter Regent’s school code, which is 030913. Determine your eligibility for federal student aid.

Central Financial Aid will send your Student ID and PIN by email once your FAFSA is received. If you are unable to access Genisys, contact the HelpDesk at 757.352.4076 or helpdesk@regent.edu.

Timeline: Once you submit your FAFSA it will take approximately 4-7 business days before the Financial Aid Office will receive a copy of it.

Visit Genisys for Steps 2 and 3 of Your Financial Aid Application:

  • Go to Genisys.
  • Click the “Login to Genisys” link.
  • Enter your Student ID and Pin.

– OR –

  • Go to MyRegent.
  • Enter your Username and Password.
  • Click on the Genisys link at the top.

From the Genisys Main Menu select the links for:

  • Financial Aid
  • Eligibility
  • Financial Aid Requirements
  • Select Aid Year

Timeline: Once you submit all of your document requirements it will take approximately 3-5 business days for the Financial Aid Office to finalize your awards.

Pro Tip:

Check your email often for financial aid status alerts and opt in to receive text message alerts regarding your financial aid status and required documents. To opt in, visit Genisys and select the options for Personal Information>Text Messaging Opt-in/out.

From the Genisys Main Menu select the links for:

  • Financial Aid
  • Award
  • Award for Aid Year
  • Select Aid Year
  • Accept Award Offer tab

A promissory note is required from all first-time direct loan borrowers. Generally, it is defined as a document signed and submitted by a borrower to a lender wherein the borrower agrees to repay the loan. The note should include disclosure statements regarding terms and conditions of the loan and repayment. For more detailed information on promissory notes and how to complete them, please review our resource on Master Promissory Notes (MPN).

Timeline: After you accept your loan offers it will take approximately 24-48 hours for your MPN to become available for you to complete. Note: The MPN for the 2016-2017 academic year will not be available until July 1.

  • Loan funds credit to student accounts beginning one week before classes begin.
  • Refunds are typically issued on the first Thursday after the conclusion of the 100% Add/Drop period. To sign up for direct deposit, from the Genisys Main Menu select the links for:
    • Student
    • Student Records
    • Direct Deposit Information

View Your Billing Account Summary in Genisys:
(Amount due, fees and the date and amount of your refund)

  • Financial Aid
  • Award
  • Account Summary by Term

Important Financial Aid Dates

Important Contact Information:

FAFSA Information

FAFSA Aid – Free Application for Federal Student Aid

Submitting the FAFSA on the web is the fastest way to apply for federal student aid. You will get your result 7 to 14 days faster than if you mail in a paper application. This page has been designed to help you in understanding FAFSA and submitting the FAFSA on the web. Please read the tips before you submit the FAFSA on the web. You can connect to the FAFSA on the web at the bottom of this page. Regent University’s FAFSA school code is 030913.

All students filing out a FAFSA on the web need to first request an FSA ID. The FSA ID is the identifier to let you access personal information in various U.S. Department of Education systems. The FSA ID is required to submit the online Renewal FAFSA or to make online corrections to your FAFSA.

  • Your Social Security card and driver’s license
  • Your income tax return
  • Your W-2 forms
  • Untaxed Income Records (i.e.: Social Security Temporary Assistance for Needy Families, veteran’s benefits)
  • Current bank statements, records of stocks, bonds and other investments
  • Business or farm records (if applicable)
  • Your alien registration card (if you are not a U.S. citizen) You will need income records for the year prior to when you start school.
  • FAFSA Information 2015 – 16 (Academic Year August 2015 – July 2016) Provide tax data from the 2014 tax year.
  • FAFSA Information 2016 – 17 (Academic Year August 2016 – July 2017) Provide tax data from the 2015 tax year.
  • Save your FAFSA: Save your application frequently using the “Save” button at the bottom of the screen. That way, if you lose your Internet connection, you’ll have a copy of the FAFSA data you’ve already entered.
  • Get Help: To get an index of help topics, click on the Help button. For more information call 1.800.4.FED.AID.
  • Don’t Erase Your Form: Use the “Exit” button with caution. Selecting this button and answering “OK” to the prompt that appears will erase every answer on your FAFSA.
  • Print Help Topics: To print the text for a help topic or a Frequently Asked Question, open the help window then:
    • For Windows users, press the Ctrl and P keys at the same time.
    • For Mac users, press the command and P keys at the same time.
  • Sign your Application: If you print the signature page, you need to sign it and mail it. If you have stated that you want to electronically sign your application you need to obtain a PIN.
  • Submit Your Application: Be sure to click the “Submit” button. You will be taken to a new web page that confirms your submission and gives you a confirmation number.

Q: Does it matter if I type my answers in upper-or lowercase letter?
A: No. All letters will be converted to uppercase when you submit your FAFSA.

Q: Should I leave financial questions blank, enter 0 (zero) or N/A?
A: If a financial question doesn’t apply to you, you can either leave it blank or enter 0 (zero). Do not type N/A into the answer field.

Q: If my answer to a financial question includes cents, do I round off to the nearest dollar, or do I include cents in my answer? What about commas?
A: No. Do not enter a decimal point or cents. Instead, round off your answer to the nearest dollar and type in this amount. Do not enter commas.

Forms

As a financial aid applicant you will need to submit various forms to determine your eligibility, apply for a scholarship or appeal an ineligible status. Most forms are academic year specific, so please select the appropriate academic year below.

2016-2017 Academic Year (Fall 2016 – Summer 2017)

How to Submit Your Forms

As a financial aid applicant you will need to submit various forms to determine your eligibility, apply for a scholarship or appeal an ineligible status. Most forms can be returned electronically, or via fax or email. However, some financial aid forms and documents require original signatures and must be mailed or hand delivered to:

Central Financial Aid
SC 241
1000 Regent University Drive
Virginia Beach, Virginia 23464

View forms that require original signatures.

Forms that do not require original signatures can be emailed to faforms@regent.edu or faxed to 757-352-4118.

FERPA Waiver Form

Regent University will not release an enrolled student’s financial information to their parents/guardians or another third party unless the student has completed and submitted a FERPA Waiver Form to the Registrar’s Office allowing us to do so.

Policies

  1. With the exception of the federal Pell Grant, third-party sources authorizing such, and certain university stipend programs, no combination of scholarships and grants may exceed 100 percent of tuition. University-funded financial aid is only applicable to tuition charges for courses taken at Regent University. University-funded financial aid is not applicable to study abroad programs.
  2. Tuition is due and payable in full by the published deadline regardless of any pending financial aid (loans or grants). A Tuition Installment Plan (TIP) is available for a nominal fee. Contact the Business Office for more information. Failure to make payment by the established deadline will result in a late fee.
  3. To receive school-based awards, students must meet the eligibility criteria set out in the awarding school’s financial aid guide. If you need a copy of these guidelines, please contact your school(s) of enrollment.
  4. Many schools at Regent require annual resubmission of financial aid applications. Contact your individual school for more information.
  5. Any person who knowingly makes a false statement or a misrepresentation in his or her request for financial aid shall be subject to the provisions of Regent student discipline policies, the United States Code and/or the Code of the Commonwealth of Virginia, whichever is applicable.
  6. Federal student loans, Pell Grant and Virginia Tuition Assistance Grant Funds (VTAG) are conditional upon regulations/legislation in effect at the time of disbursement.
  7. All financial aid is to be used solely for expenses related to attendance at Regent University. Institutional scholarships will not be applied to charges related to non-Regent study abroad programs.
  8. Financial aid recipients who withdraw during a term, or reduce their academic load below the required minimum hours for the aid received, are subject to the provisions of the university refund policy and “Return of Title IV Funds Aid Policy” available from the Business Office. You must notify Central Financial Aid if you are enrolled, were enrolled or will be enrolled at another institution during the same award year as you are in attendance at Regent and you receive, or will receive, the Federal Pell Grant or Federal Stafford Loan (or Federal Direct Stafford Loan).
  9. You must be enrolled at least half-time as a regularly enrolled student in a degree-seeking program to be eligible for loans, Federal Pell Grants and most other aid available. Based on the policy defined by the University Academic Council, five hours are considered half-time for the fall and spring semesters for graduate students, three hours for doctoral students and six for undergraduate students. For the summer, three credits are considered half-time for graduate students. There are few exceptions to this definition (i.e., Ph.D. dissertation, etc.). Undergraduate students must enroll for at least six credit hours each semester (including the summer) to be considered a half-time student. Contact Central Financial Aid for more information.
  10. If you receive additional aid (scholarships/grants) or other outside resources, your awards must be modified. Notify the Central Financial Aid Office of any additional resources not previously included that are available from other resources such as loans, scholarships, grants, Social Security benefits, veterans’ benefits, employer tuition payment plans and other educational assistance. Failure to do so before the first financial aid disbursement will result in a potentially significant lower subsequent disbursement. In some cases it may result in having to repay a portion of the aid received.
  11. Any student who receives financial aid funds, but does not attend any of the classes (or complete any distance coursework) for which the disbursement was made, is required to have the entire amount returned to the funding entity immediately. This is done by returning the payment received to Regent. Regent will, in turn, refund it to the funding entity on the student’s behalf. This may result in a balance due to the university.
  12. SATISFACTORY ACADEMIC PROGRESS
    To qualify for aid processed through the Central Financial Aid Office, a student must be making Satisfactory Academic Progress (SAP) toward the completion of a degree program. If a student fails to meet the standards summarized below, the student will be placed on financial aid warning for the next semester of enrollment. During the financial aid warning semester, the student will be eligible to receive federal aid but must meet the standards by the end of that semester to have continued eligibility. A student will remain ineligible until the standards are met. If a student is declared ineligible, he or she may appeal to the school of enrollment for reinstatement. To be considered making SAP, a student must:

    • Complete at least 50 percent of all credits attempted
      (67 percent for undergraduate)
    • Cumulative GPA of at least 3.00
      (2.00 for law and undergraduate students; 2.50 for M.Div. students)
    • You must complete your degree within the following time frame:
      • Graduate: five years
      • Undergraduate: six years
      • Doctoral (non-JD): seven years
        Time is measured as of your first term of enrollment at that level, inclusive of periods of non-attendance.
      • Learn more about SAP and read the full policy.
  13. FEDERAL PELL GRANT
    The Federal Pell Grant is available only for those students in the undergraduate program. You must be admitted and enrolled as a regular degree-seeking student to be considered for eligibility. The grant is normally awarded for fall and spring semesters. If a student is not able to utilize the maximum annual Pell Grant amount in fall and spring, then a subsequent award may be made for the summer, if otherwise eligible. The grant is paid typically once per semester, after your attendance is confirmed in the second course (six credit hours) of the term. Your participation/attendance must be confirmed in all courses for which Pell Grant payment is based. If you add or drop courses during the term, your Pell Grant is subject to adjustment. You may not receive the Federal Pell Grant at more than one institution in a term.
  1. Private loans are not guaranteed; rather, they are based on your credit history. By accepting the loan you are giving permission to the lender to pull your credit history. If the lender determines you are not creditworthy, you will be denied or required to obtain a co-signer. Final notification of approval or denial for private loans is made by your lender.
  2. Grad PLUS Loans are not guaranteed; rather, they are based on your credit. By accepting the loan you are giving permission for the lender to pull your credit history. If the lender determines you are not creditworthy, you will be denied. Final notification of approval or denial for the Grad PLUS Loan is made by your lender.
  3. If your parent is applying for a Parent PLUS Loan, the Parent PLUS paper form must be completed. Parent Plus Loans are not guaranteed; rather, they are based on your parent’s credit. By accepting the loan and submitting the Parent PLUS form you are giving permission for the lender to pull your parent’s credit history. If the lender determines your parent is not creditworthy, your parent will be denied. Final notification of approval or denial for the Parent PLUS Loan is made by your lender.
  4. Loan recipients must notify Central Financial Aid in writing of any change in enrollment status, address or family financial circumstance.
  5. Student Loan Disbursements: student loans are disbursed in at least two equal amounts. Single term loans may be disbursed in one disbursement. Example: a loan for fall/spring will come one half in fall and the other half in spring. A fall only loan will have the entire amount arrive at once.
  6. Students will not receive any excess loan funds above university charges sooner than the last business day before the start of the term if all requirements are met and loan funds have arrived. Please come prepared to cover initial expenses, including book costs. Educational loans are not intended to cover moving expenses or initial utility deposits.
  7. Student Loans Disbursed by Paper Check: If your loans are disbursed by paper check, rather than EFT, the check will require your endorsement, as it will be made co-payable to Regent University and the student. The loan check will be available for your endorsement in the Business Office. You will not be eligible for any funds in excess of your tuition charges until you endorse the check and the Business Office produces a refund check for the correct amount.
  8. Federal and Private Loans: Lenders will send you a NOTICE OF LOAN GUARANTEE AND DISCLOSURE STATEMENT that indicates the amount of the loan that has been guaranteed on your behalf. This notice contains an anticipated disbursement date. This is NOT a definite date of when funds will be available to you. It is the date the lender anticipates wiring funds to Regent (if an EFT lender) or cutting the checks to mail to Regent (if you are using a lender that processes paper checks). Refunds will not be disbursed until after the 100% Add/Drop period. Typically, this means that all credit balances will be refunded to you by the end of the second week of classes.
  9. ALL FIRST-TIME FEDERAL STAFFORD LOAN BORROWERS at Regent are required to complete student loan entrance counseling before any funds may be credited to the student’s account. Entrance counseling may be completed online. You will be guided through a series of pages containing important information regarding student loans. You are encouraged to complete the entrance counseling requirement at least one week prior to the first day of class to help expedite the refund process. Please allow three to five business days from the time the entrance counseling is completed until the time you may pick up a refund.
  10. ALL student loan borrowers at Regent are required by federal law and/or Regent University or private lender policy to attend an EXIT INTERVIEW prior to ceasing to be enrolled on at least a half-time basis. Generally, these sessions are held during your last semester of attendance before you graduate. However, if you drop to a less than half-time status before that time, you should contact the Central Financial Aid Office to arrange for an exit interview. Exit interview schedules are listed on the Financial Aid Calendar each term.
  11. Most commonly, loans will be calculated for only the fall and spring semesters. There are a few exceptions to this depending on your program of enrollment. If you are going to be taking classes during the summer term, please inform the Central Financial Aid Office by filling out the Summer Aid Request Form available after final registration for the spring semester. Forms will be available online after the spring registration period is completed. If you have been awarded the maximum amount of $18,500 in Federal Stafford Loans for the fall and spring terms, and you choose to accept the full amount, you will not have any Stafford Loan eligibility remaining for the summer term. If you choose to attend the summer term, your loan eligibility will be available only through private loans, which are based solely on your credit history.
  12. Your loan data will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders and institutions determined to be authorized users of the data system.
  13. Exhaust all other resources before you apply for a loan. Funds to help finance your education may be hidden in people or organizations you would not expect. Contact your employer, your church, family members or do an Internet scholarship search to see what types of aid might be available.
  14. Remember: Borrow only as much money as you really need.
  15. Maintain a loan file to keep all information pertaining to your student loans. You are responsible for knowing the name of your lender, their address and how much you borrowed. Law students will be asked this information on bar exam applications.

To qualify for federal financial aid a student must be making satisfactory academic progress (SAP). Federal financial aid includes federal loans, the Pell Grant, and theTEACH Grant.

SAP for financial aid is monitored on two standards:

  • Qualitative: Cumulative GPA in your level of study (undergraduate, graduate, doctorate, etc.)
  • Quantitative: Successful pace of completion of a minimum of 50 percent of all credits attempted in your academic transcript level in graduate/professional programs, and 67 percent of all credits attempted in the undergraduate level.