A branch of Webber International University
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Financial Aid Q & A

How do I apply for financial aid at St. Andrews University?

You will file your FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov. You will have to put our school code on the FAFSA in order for the financial aid office at St. Andrews to receive your information. Our school code is 001540. If you are asked to search for the school in order to put the school code on the FAFSA; you will need to choose Florida as your State and Webber International University as the school/college. You and your parents will need a FAFSA PIN number in order to begin your FAFSA and to sign it electronically. You may apply for a FAFSA PIN Number at www.pin.ed.gov.

How will I know how much financial aid I will receive?

Financial Aid Offer = Award Letter

First, you will receive a financial aid offer (award letter) via email to the email addresses provided on the FAFSA. You will sign your award letter and return it to St. Andrews via mail, email, or fax. Please note the source of each award amount by semester and by total. The total amount of aid on your award letter may be inflated above the stated tuition to allow financial coverage of books, personal expenses, transportation expenses, etc. Please note that you may accept or decline these award amounts.

If I have accepted my Stafford loan(s) on my award letter is there anything else I need to do?

Yes, you will need to complete the Direct Stafford Loan Request Form (Student Loan) that was emailed to you with your award letter. In addition, you will need to complete Entrance Loan Counseling and a Master Promissory Note. Both can be completed at www.studentloans.org. You will need your FAFSA PIN number to complete these required forms.

What is a Stafford Loan?

The Stafford loan is a student loan that does not require repayment until 6 months after graduation as long as the student is enrolled in 6 or more credit hours per semester. There are two types of Direct Stafford loans; subsidized and unsubsidized. Subsidized loans are based on need and have lower interest rates than unsubsidized loans. These rates are usually around 3-4%. This interest accrues while the student is in school. Unsubsidized loans are not need based and like the subsidized loan, the interest accrues on the loan while you are in school. You can either elect to pay the interest yourself or have it deferred along with the principal. The interest rate for an unsubsidized loan is around 3-4%. Loan limits are determined by the Federal government and are based on the student’s grade level, dependency status, and other financial aid. The loan levels are as follows; $3500 for freshmen (0-27 credit hours), $4500 for sophomores (28-59 credit hours), $5500 for juniors and seniors (60 or more credit hours). Students may also be eligible for an additional unsubsidized student loan. To get more information about your student loan(s) please call 1-800-848-0979 or visit www.studentloans.gov.

What is Entrance Loan Counseling?

Entrance Loan Counseling is a requirement of all first time student loan borrowers and it helps you understand your responsibilities regarding your loan.

To complete entrance loan counseling go to: www.studentloans.gov (You will need your FAFSA PIN# to access this site.)

  1. Sign in and click on the entrance loan counseling link. All questions will need to be answered and submitted before your entrance counseling will be complete. Entrance loan Counseling will have to be completed before any loan money can be disbursed to the student’s account.

When you are asked to search for the school in order to connect the Entrance Loan Counseling to the correct school; you will need to choose North Carolina as your State and Webber International University- St. Andrews University as the school/college.

What is a Master Promissory Note?

The Master Promissory Note (MPN) is the legal document used to make one or more Direct Loans for one or more academic years (up to 10 years). By signing an MPN, the borrower is agreeing to repay all loans; including loan fees, and accrued interest made under the MPN. MPNs are not school-specific and may be used across schools. For example, if a student transfers from school A to school B, the previously completed MPN may be used to borrow loans while attending school B.

After you (the student) have completed your Direct Stafford Loan request form and returned it to the Financial Aid office you will need to:

  1. Got to www.studentloans.gov to complete a Master Promissory Note for your loans. You will need your FAFSA PIN# to access this site.
  2. Sign in and click on the Master Promissory Note link for undergraduate students.
  3. You will need the name, address, phone number, and email address of two references.

When you are asked to search for the school in order to connect the MPN to the correct school; you will need to choose North Carolina as your State and Webber International University-St. Andrews University as the school/college.

The MPN will have to be completed before any loan money can be disbursed to the student’s account.

What is a Parent PLUS Loan?

A Parent PLUS loan is a loan that a parent of an undergraduate student can apply for to help offset college costs. These loans can be applied for through the Dept. of Education. The interest rate for a PLUS loan is fixed at 7.9%. Direct Parent loans require a credit check. If a parent is denied on their parent loan the student may be eligible for an additional unsubsidized student loan in the amount of $4000 for freshmen or sophomores and $5000 for juniors or seniors. To get more information about Parent PLUS loans please call 1-800-848-0979 or visit www.studentloans.gov.

Does a parent have to complete a Master Promissory Note and Entrance Loan counseling like the student has to for a student loan?

Yes the parent taking the loan has to complete a Master Promissory Note; however, they do not have to complete Entrance Loan Counseling. After the parent has completed their Direct Parent Loan request form and returned it to the Financial Aid office they will need to:

  1. Go to www.studentloans.gov and complete the PLUS application, (You will need your FAFSA PIN# to access this site.)
  2. Click on “Request a Direct PLUS loan,” and complete all the required information to see if the loan will be approved.
  3. If the loan is approved it will instruct you to complete a Master Promissory Note for your loan. This will have to be completed before any loan money can be disbursed to the student’s account.

What is the NC Need Based scholarship?

If you are a North Carolina resident, have been for at least 12 months, are enrolled in at least 9 or more credit hours, and meet the eligibility requirements to be a North Carolina resident, you may be eligible for the North Carolina Need Based Scholarship. The award amount is based on the EFC (Estimated Family Contribution) reported on the student’s FAFSA. A student’s EFC has to be $15,000 or less to be considered eligible. You do not have to repay these funds. This award is not offered for the summer semester. The student has to complete a NC Need Based Scholarship form in order to receive this scholarship. This form will be emailed to you with your financial aid award letter. If you are not a North Carolina resident and/or do not meet the requirements you will not receive this scholarship.

What if I want to have an on campus job?

If you are eligible for Federal Work Study, the amount may be listed on your award letter. This money is not automatically credited to the student’s account. The student looks for a job using the Job listing form. The Job Listing form includes contact information so the student may contact the supervisor for the department they are interested in working, to go ahead and line up a job for his or herself. The student will work an allotted number of hours and will be paid monthly by the business office. The student will complete tax withholding forms (W-4, NC-4, and I-9 forms found on our website) and mail them back to the financial aid office, along with any other documentation due to the financial aid office, before beginning work. If the student chooses not to work, they do not lose any of their other awards and will not receive the federal work study funds listed on the award letter. Federal Work Study funding is very limited and is usually awarded on a first come first serve basis.

What is the “Out of Pocket Expense” Worksheet I received with my award letter?

The out-of-pocket expense worksheet is designed to help you determine how much out-of-pocket expense to anticipate, if any. You would work through this worksheet using your financial aid award letter to make sure you will have enough financial aid to cover your expenses each semester. Most parents use this worksheet as a tool to help them figure out if the amount they will borrow in a parent loan will be enough to cover all of their student’s college expenses or to estimate what their out of pocket expenses will be.

How do I send my financial aid award letter back to the financial aid office?

You can use any of three ways to return your information:

Mail
St. Andrews University
Attn: Financial Aid Office
1700 Dogwood Mile
Laurinburg, NC 28352

Fax
(910) 277-5206

Email
finaid@sapc.edu

Now that I have accepted my financial aid award letter who do I contact about my bill/statement and my refund if I am owed one?

All billing questions should be directed to Kendra Pegues in the Student Accounts office located in our Business Office. Her email address is pegueskm@sapc.edu and her phone number is (910) 277-5225. She will apply your financial aid to your bill and will send that bill/student statement to you via mail or email. If you have a credit on your account and would like to receive a refund you will need to complete a “Refund Request form” in the Student Accounts Office and submit that to Kendra Pegues.

If my financial aid has created a credit balance on my account, how do I go about charging my books?

You would contact Kendra Pegues in the Student Accounts office located in our Business Office to get instructions on how to order and charge your books.

Financial Aid Office Contact Information:

In order for a more prompt response please send all emails to: finaid@sapc.edu

Financial Aid Office Main Number: (910) 277-5560

Sherilynn Mims (910) 277-3953

Shawn Caulder (910) 277-5561

Kim Driggers (910) 277-5562

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St. Andrews University
A branch of Webber International University
1700 Dogwood Mile
Laurinburg, NC 28352
(910) 277-5555 • (800) 763-0198 • (fax) 910-277-5020
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