Now that you have applied for financial aid and received your Offer of Financial Assistance, there may be some additional requirements to finalize your financial aid award. Please review the information provided below to ensure you have completed all required steps and understand the terms of your award.
You are not required to officially accept the financial aid that has been offered to you.
However, if you are borrowing a Federal Direct Loan for the first time, you will need to complete the following documents for the loan to disburse to your student account. These documents only need to be completed once; in subsequent years loan funds will disburse automatically.
If you wish to cancel or reduce the loan funds that have been offered, please contact your financial aid counselor or email email@example.com. In your email request, include the following information:
If you wish to cancel or reduce a loan, you must specify if you wish to cancel it for a specific semester or for the length of the academic year. Please note that federal loans may only be cancelled on a student’s behalf up to 14 days after disbursement.
Your Offer of Financial Assistance is based upon an estimated amount of credits for each academic quarter or semester. If there are any changes in your anticipated course load, please complete the CPS Credit Change form. To access this form, login to your myNortheastern, choose “Services & Links”, and “My Financial Aid Status” under “Student Financial Services”. Please note, if you are a new student, you must first complete your Title IV Credit Authorization form (located in your “My Financial Aid Status” portal, under “Apply Online”). After you submit your Title IV Credit Authorization form, click on “Home” and the CPS Credit Change information will appear.
Changes to your enrollment plans can affect the initial financial aid that was offered. It is the student’s responsibility to notify us if the actual amount of credits taken will be different than what was used to calculate the award. Notifying our office will allow us to review your aid eligibility and provide you with accurate financial aid amounts.
Please note, the amount of financial aid provided in your Offer of Financial Assistance is awarded assuming you will participate in your courses for the entire enrollment period. If you are unable to remain enrolled for any reason, a portion (or all) of your financial aid will be returned to the federal government.
To maintain eligibility for federal student aid, you must meet the following criteria:
Approximately one-third of all financial aid applicants are selected by either the U.S. Department of Education or Northeastern’s Office of Student Financial Services to verify the accuracy of information provided on the FAFSA. You will be notified by email if you have been selected. If you are a new student, your offer of assistance is tentative pending the completion of the verification process. If you are a returning student, you will not receive a financial aid award letter until the verification process is complete.
Should the verified financial information differ significantly from the original information provided on the FAFSA, your aid may have to be adjusted. Please be sure to respond to requests for follow-up documentation in a timely manner to avoid delays in applying your financial aid as a credit to your student account.
If selected for verification, documentation may be required from students and/or parents who are listed on the FAFSA. Please only submit the documents requested; required documents will be listed on your myNortheastern or requested in writing by our office.
Please note, you may be asked to submit additional documentation along with the items listed below.
Note: if you amended your tax return (filed a 1040-X), you will not be able to use the IRS Data Retrieval Tool.
Instructions to use the IRS Data Retrieval are provided while completing the FAFSA or filing a correction. Certain data elements such as AGI and taxes paid will be entered for you on the FAFSA.
Student Financial Services strongly encourages students and parents to use this option when initially completing the FAFSA or when making a correction after the required tax returns have been filed.
In order to use the IRS Data Retrieval process, you must have:
You will not be able to use the IRS Data Retrieval process if:
An official tax transcript will be required for tax filers who are not able to use the IRS Data Retrieval process or make changes to FAFSA data after using this process.
Tax filers should NOT request to have their IRS Tax Transcript mailed directly to Northeastern University as it may not contain the necessary identifying student information. Tax return transcripts can be requested, free of charge, in one of the following three ways:
IRS Tax Return Transcripts requested online cannot be sent directly to a third party by the IRS.
IRS Tax Return Transcripts requested by telephone cannot be sent directly to a third party by the IRS.
An IRS Verification of Non-filing Letter provides proof that the IRS has no record of a filed Form 1040, 1040A, or 1040EZ for the year you requested.
IRS Verification of Non-filing Letters can be requested, free of charge, in one of the following three ways:
IRS Verification of Non-filing Letters requested online cannot be sent directly to a third party by the IRS.
IRS Verification of Non-filing Letters requested by telephone cannot be sent directly to a third party by the IRS.