Financial Aid and Scholarships

Financial Aid Terms and Conditions

Please read these items carefully, as they detail the conditions you must meet and maintain in order to be eligible for Federal, State, Institutional, and other types of financial aid.  By accepting your financial aid award package, you acknowledge and accept these terms and conditions.

Award Amounts
  • Financial aid offers are estimated based on information reported by you, by various agencies, and from data collected from the Free Application for Federal Student Aid (FAFSA).
  • If your application contains incorrect or incomplete data, or if your student status changes in any way (Residency, career, hours enrolled, or expected graduation date, etc.) or if you receive additional financial assistance not reflected on your award offer, then your eligibility may change, and your awards may be subject to revision, cancellation, or repayment.
  • If you will receive any additional resources not considered in your award offer (such as outside scholarships), you must report these resources to our office by emailing us at studentfinancialservices@morehouse.edu. The Office of Financial Aid will review the information, and if necessary, revise your award.
  • Failure to report a resource may require you to repay aid at a later date. Awards are contingent upon continued eligibility and funding from federal, state, and institutional sources. Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued, or if tuition amounts change.
  • If your application for aid (FAFSA) is selected for verification by the federal processor or by the school, you may be required to submit additional documentation. If your FAFSA is corrected based on this information, your award may be revised.
  • Morehouse institutional scholarships are non-refundable and may be adjusted if the original award amount creates a credit balance on your student account.
  • Morehouse also reserves the right to revise your award package if you fail to accept aid and these terms and conditions within 14 days of notification.
Morehouse Institutional Scholarships
  • Morehouse offers various scholarships and grants that are designed to assist you with your direct cost of attending the College. This includes merit, talent (glee/band), athletic, and service scholarships and employee/dependent/AUC tuition waivers.
  • Morehouse institutional scholarships are non-refundable. Students who receive Morehouse institutional funding may not be eligible to receive a refund if a credit balance is created because of an institutional award included in your financial aid package.
  • Morehouse College reserves the right to adjust, reduce, or cancel institutional scholarships amounts based on your receipt of other resources.
Withdrawal
  • I understand I must be enrolled at Morehouse College to retain use of any financial aid funds, and I have reviewed the college withdrawal refund policy and withdrawal process.
  • The Cost of Attendance (COA) is an estimate designed to help students determine what it may cost to attend Morehouse for an academic year. The COA (sometimes referred to as a “budget”) is not a final bill but is an estimate of education expenses.
  • The COA usually represents the maximum amount of financial assistance a student can receive.
  • COA is based on estimated enrollment and is made up of direct and indirect costs.
    • Direct costs are the expenses that are billed by the university directly to the student. These expenses include tuition and fees, on-campus housing, and meal plans. These charges can be viewed on your student account in TigerPay.
    • Indirect costs are expenses student will likely incur but will not pay to the university. Indirect costs vary from student to student and may include off-campus housing, transportation to and from campus, books, and personal expenses.
  • Each student's cost of attendance is based upon estimated enrollment and residency status. Therefore, if actual enrollment varies from estimated enrollment, the Office of Financial Aid will adjust your COA each semester after the Add/Drop period ends.
  • Changes in the cost of attendance may impact award eligibility, and your awards may be subject to revision, cancellation, or repayment.
Cost of Attendance
  • The Cost of Attendance (COA) is an estimate designed to help students determine what it may cost to attend Morehouse for an academic year. The COA (sometimes referred to as a “budget”) is not a final bill but is an estimate of education expenses.
  • The COA usually represents the maximum amount of financial assistance a student can receive.
  • COA is based on estimated enrollment and is made up of direct and indirect costs.
    • Direct costs are the expenses that are billed by the university directly to the student. These expenses include tuition and fees, on-campus housing, and meal plans. These charges can be viewed on your student account in TigerPay.
    • Indirect costs are expenses student will likely incur but will not pay to the university. Indirect costs vary from student to student and may include off-campus housing, transportation to and from campus, books, and personal expenses.
  • Each student's cost of attendance is based upon estimated enrollment and residency status. Therefore, if actual enrollment varies from estimated enrollment, the Office of Financial Aid will adjust your COA each semester after the Add/Drop period ends.
  • Changes in the cost of attendance may impact award eligibility, and your awards may be subject to revision, cancellation, or repayment.
Enrollment Requirements
  • Your financial aid award is based on full time enrollment. If you fail to register for at least 12 credit hours by the end of add/drop your financial aid may be revised or cancelled. Most Morehouse institutional scholarships require you to be enrolled in a minimum of 15 credit hours per term.
  • You must be enrolled in at least 6 credit hours to be eligible for federal loans and 12 credit hours for Federal Supplemental Educational Opportunity Grant (FSEOG).
  • Federal Pell grants will be pro-rated if you are enrolled for less than 12 credit hours.
Federal Pell Grant Limits
  • Federal regulations limit payment for Federal Pell Grant to 12 full time terms. Part time enrollment will be tracked as a percentage of 12 full time terms.
  • Once a student has met the limit, no further Pell payment can be made.
Loans
  • Loans are awards that must be repaid
  • Loans are awarded based on federal guidelines / limits per career and class level. Information may be found at https://studentaid.ed.gov/sa/types/loans
  • If you have been awarded Stafford Loans and wish to receive them, you must accept the loan offer each academic year.
  • Federal regulations limit how many years a new Subsidized Stafford loan borrower can receive Subsidized Stafford Loans
  • When a student (who borrows from the Subsidized Stafford Loan program for the first time on or after July 1, 2013) goes beyond 150% of the published time for their academic program, they will no longer be eligible to receive any additional subsidized loans, and the interest subsidy on any subsidized loans received from July 1, 2013 will expire.
  • You have 14 days from the date of disbursement to cancel all or a portion of your loans. You can cancel all or a portion of your loans by contacting our financial aid office via your Morehouse email account at studentfinancialservices@morehouse.edu.
Work Study
Satisfactory Academic Progress

Your financial aid will be revoked if you fail to maintain Satisfactory Progress as defined by federal regulation.  Federal regulations require that all students must meet Satisfactory Academic Progress Standards in order to be eligible to receive financial aid. Please see our complete Satisfactory Academic Progress Policy.