Applying for Financial Aid

To apply for grants, loans, work-study and some scholarships you must complete the Free Application for Federal Student Aid (FAFSA).  The FAFSA is used to determine your eligibility for federal, state, and Morehouse aid programs. Even if you think you may not be eligible, we encourage you to apply. The FAFSA is available January 1st.  We encourage you to file your FAFSA online as soon as possible to avoid errors and to ensure faster processing.

Morehouse’s priority deadline is February 15th.

You may apply for aid before you receive your admission decision however; you will not receive an award notification until you have been admitted into a degree seeking program of study Morehouse College.  To ensure that Morehouse College receives your FAFSA information, please be sure to include Morehouse’s Federal School Code 001582 on your FAFSA.

Morehouse Net Price Calculator

Get estimates of typical aid received and cost of attendance for full-time students at Morehouse College.

Qualify for an Award 

Find out the requirements for eligibility and how you can qualify for financial aid.

Accepting Award Offers 

Access MyPortal  to accept your financial aid award.

Check Your Status 

Check MyPortal for financial aid information, additional requirements, and your award offer.

Verification

The U.S. Department of Education may selct you for verfication. If you are selected, learn more about the process.

Decisions that Affect your Eligibility

Your academic progress and other decisions you make about your courses, may impact your eligibility for financial aid. Learn more...

First- time Students

If this is the first time you have received financial aid or have taken out a loan for your education, click here for important information.

Financial Literacy 

The goal of the Financial Literacy Program is to help Morehouse students improve their undersatanding of financial concepts and services so that they are empowered to make informed choices and take action to improve their present and long-term financial well-being. 

Budgeting
A budget is a record of an individual's income and expenses that will guide the individual to be financially successful.  A budget can be as simple as writing down basic monthly income and expenses amounts on a piece of paper or creating a detailed worksheet with information for each day of the week.  A budget can help individuals reach a variety of financial goals such as saving for a car or encourage an individual to spend less money on clothes or eating out.

Managing Student Loans
Your student loans are a serious financial obligation that must be repaid and understanding how to repay your federal student loans can save you a lot of time and money.  The amount you borrow (the principal); you will also be charged interest for the use of the loan funds.  Here is a guide to repaying your federal student loans and a guide to consolidating your federal student loans

Student Loan Repayment Calculator
Borrowers must provide additional information to obtain estimates for Income-Based, Income-Contingent and Pay As You Earn repayment options, as well as for Consolidations.  Review more information about the student loan repayment calculator here.

Banking
Banking relationships last long after you graduate.  Making a smart decision now will mean fewer surprises fees that can add up later. Review Student Banking: Managing your college money.

Managing Credit
Credit is your reputation as a borrower.  It tells others how likely you are to repay your loans. Credit is made up of from information about your borrowing history. Most of the information comes from your credit report. Learn more about credit and credit cards.

Building Credit
Building credit is not as easy as it used to be. The Credit Card Accountability Responsibility and Disclosure Act (CARD Act) of 2009 makes it difficult for anyone under the age of 21 to build credit since the act restricts anyone under the age of 21 from applying for an unsecured credit card. One of the intentions of the act is to prevent college students from overspending on credit cards by making it illegal for credit card companies to pre-approve anyone under the age of 21. However one major drawback is that anyone between the ages of 18-20 now has a much more difficult time building the credit they will need for their future to buy a home or car, or to simply pay for living expenses. Lear more about building credit here.