Choosing to pursue your educational goals may be one of the most important decisions you will ever make. At National University of Natural Medicine (NUNM), we understand that furthering your education will mean a significant investment of your time, energy and resources. NUNM wants to help you achieve those goals. It is the mission of the NUNM Financial Aid Office to achieve and maintain the highest standards of customer service by providing our students with the most comprehensive financial aid resources available in order to assist them in achieving their educational goals.
Federal Financial Aid Eligibility
To be considered an “eligible student for federal and state financial aid”, you must meet the following criteria:
- A U. S. citizen or eligible resident
- Have a valid Social Security Number
- Be admitted into an eligible NUNM degree program
- Be enrolled at least half-time each term
- Be School of Undergraduate Studies is defined as 6 credits half time, 12 credits full-time
- School of Graduate Studies, is defined as 4 credits half time, 8 credits full time
- Colleges are defined as 5.5 credits half time, 11 credits full time
- Maintain satisfactory academic progress
- Not be in default on any federal student loan or owe a refund on any federal grant
- Have a high school diploma, GED, be home-schooled or have completed 6 college credits towards an eligible degree or certificate
- Be registered with Selective Service, if you’re a male (you must register between the ages of 18 and 25)
- Not have a conviction for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid (such as grants, work-study, or loans)
Financial Aid Timeline for the 2022 – 2023 Academic Year
Applying for Financial Aid:
- Complete the Application for Admission – Students must be admitted before a financial aid package can be awarded.
- Complete the 2022 -2023 Free Application for Federal Student Aid (FAFSA), available on October 1, at https://fafsa.ed.gov/. The federal Title IV school code for NUNM is B07624. Depending on when you intend to take classes, you may need to apply for financial aid for both the current academic year as well as the upcoming academic year. If you’re not sure, please check in with the Financial Aid Office.
NUNM’s priority admission application deadline for scholarship consideration is February 15, 2022.
Once you have completed the steps outlined above and we have received your documents, we’ll be able to determine your aid eligibility.
Within four to six weeks, we’ll send you an email notification that your award package is ready to view. It will explain the types of aid and amounts you are eligible to receive. If we need more information, it will be listed on the To Do List within your award package.
How to Apply
To be considered for financial aid, all eligible incoming students must complete the Free Application for Federal Student Aid (FAFSA®) The FAFSA® is the application that students must complete to apply for federal student aid, which can be used to attend an eligible college or career school. Federal student aid includes Federal Pell Grants, federal student loans, and work-study opportunities. In addition to determining eligibility for federal student aid, many states, private organizations, colleges, and career schools rely on information from the FAFSA to determine eligibility for non-federal sources of aid.
What is needed for completing the FAFSA:
- Create an FSA ID for both the student and the dependent student’s parent/stepparent
- Your social security number
- Your alien registration number (if you are not a U.S. citizen)
- Your 2020 federal income tax returns, W-2s, and other records of money earned
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
- Dependent student’s parent/stepparent date of birth, social security number, marital status, and date parent was married, divorced, or widowed
Q & As
Do students still have to complete the FAFSA every year?
Yes. Because eligibility for federal student aid does not carry over from one school year to the next, students will need to fill out the FAFSA for each school year in which they plan to be a student. Eligibility for financial aid can differ from year to year for various reasons, including a student’s or family’s financial situation and the number of family members enrolled in college.
How does information transfer from the IRS to the FAFSA?
The IRS Data Retrieval Tool (DRT) allows applicants (and their parents, if applicable) to access the IRS tax return information needed to complete the FAFSA, and transfer the required information directly into the FAFSA from the IRS. The FAFSA includes a link to the IRS if an applicant is eligible to use the IRS DRT.
What does it mean if I’ve been selected for verification?
A student can be selected for verification by either the U.S. Department of Education or by the student’s school. Verification is a process by which a student is required to submit documentation that the data reported on the student’s FAFSA is accurate. The financial aid administrator at a student’s college may make corrections or updates to the student’s FAFSA based on the documentation provided as part of the verification process.
How do I qualify for Federal Work-Study?
To be considered for Federal Work-Study, you must file a FAFSA form as soon after October 1 as possible. The priority deadline to be considered for Federal Work-Study is February 15th, 2022. The funds are awarded on a first come-first serve basis until all funds have been exhausted, and will only be awarded to the highest need students as determined by the U.S. Department of Education.
Federal work-study funds are administered in the following manner:
- Funds awarded to high need students only as determined by the U.S. Department of Education
- Funds are awarded to those student that heave met the priority deadline of February 15th, 2022 and are awarded on a first come-first serve basis until all funds have been exhausted
- Annual award reduction for all eligible students
- FWS recipients who fail to maintain satisfactory academic progress will lose their ability to participate for the remainder of the year regardless.
- FWS awards do not begin until fall term each year. Students with a desire to work in summer term must sign an Intent to Enroll form.