Academic Catalog

Application Deadlines and Renewal of Aid

The Free Application for Federal Student Aid (FAFSA) priority deadline for financial aid is October 1. FAFSAs will be accepted after this date but may not receive priority. There may be additional deadlines provided to students by the Financial Aid Office that, if not adhered to, may impact potential start dates and/or timing of funding disbursements.

Financial Aid is not automatically renewed every year; a student must re-apply by completing the FAFSA and other paperwork as required. The Direct Master Promissory Note (MPN) for federal student loans is good for 10 years.

Applying for Financial Aid

The student will need to do the following to apply for Financial Aid:

  • Obtain an FSA User ID at the Federal Student Aid (FSA) registration page and complete the Free Application for Federal Student Aid (FAFSA) at
  • Make sure to include the Aspen University school code: 040803.
  • Complete the Direct Master Promissory Note (MPN) and Entrance Loan Counseling at
  • Complete any additional paperwork requested by the Financial Aid Office.
  • Review the award letter.

Students who wish to borrow Federal Student Aid are expected to submit all required financial aid documents prior to the course start date. If a student is unable to qualify for financial aid, the University will update the student’s method of payment to Cash and the student will be held responsible for any outstanding balances incurred. Note: For all programs, all students borrowing Federal Student Aid are required to make Satisfactory Academic Progress in order to maintain eligibility for Title IV federal financial aid.

Financial Aid Re-Application Process

It is the student’s responsibility to reapply for funding as necessary. In accordance with Title IV Regulations, a student not completing the financial aid process in a timely manner while in attendance may forfeit eligibility for financial aid assistance that might otherwise have been available during that period of enrollment and will become fully responsible for all remaining balances.