General Financial Aid Policies
A more detailed discussion of these policies is found in the University Registrar's bulletins. These publications contain the official University statement on the specific policies outlined below.
Satisfactory Academic Progress
The U.S. Department of Education requires students to maintain certain academic standards to obtain or retain eligibility for federally sponsored student aid programs. Creighton’s minimum standards are as follows:
1.75 (1st year)
64% (1st year)
Undergraduate students are eligible for Financial Aid up to a total of 170 credit hours attempted or until the degree is acquired, whichever comes first. University College students seeking Associate Degrees are limited to 85 credit hours attempted; those students seeking certificates are limited to 50 credit hours attempted.
The University publishes a calendar each academic year that shows the types and percentages of direct charges which are refundable should a student withdraw during a term. If the withdrawing student received federal student aid, the University follows the guidelines of the U.S. Dept/Educ. on repaying Title IV aid. This is a proportional calculation based on time enrolled during a semester, type of aid received and direct costs. Any student withdrawing from the University impacted by this policy receives a worksheet outlining the steps and the resulting calculation.
Quality Assurance Program
Creighton is one of several universities participating in this on-going study of ways to improve the application and delivery process of federal student aid. We may ask you to provide information so we can evaluate procedures at the federal and institutional level. With your help, we can improve, streamline and retain confidence in the entire financial aid application process.
Academic Scholarship Renewal
If a student receives a scholarship, it is generally renewed by maintaining the required cumulative grade point average associated with the scholarship and making normal academic progress toward a degree. Some scholarships are only for one year or term, and this is explained in the announcement letter. Some scholarship are based on financial need in addition to other criteria, and so the FAFSA needs to be completed each ensuing year to remain eligible for renewal.
Scholarship renewal is reviewed at the end of each spring term for the next academic year’s renewal. Students also receive a warning letter after the fall term if their grade average is below the required renewal level. Specific criteria for eligibility and renewal can be found in your scholarship announcement letter or in the University’s catalogs and bulletins.
For undergraduate students, we will ask that your parents provide the Financial Aid Office with documentation to support the data they entered on the FAFSA. Parents are required to submit signed copies of their tax return transcripts, W-2 forms and a completed Creighton Aid Verification worksheet. When completing the FAFSA, parents can also participate in the FAFSA / IRS Data Retrieval option that is fast and convenient and takes the place of submitting paper tax transcripts. Go here for information on both options. If we ask for any supporting documents, please respond promptly. Offers of student aid cannot be finalized until verification has been completed.
Generally speaking, students are allowed to use Federal funds when studying abroad. Every student participating in a Study Abroad program must complete a consortium agreement and submit program costs to the Financial Aid Office the semester prior to departure.
Students paying Creighton University tuition for Study Abroad programs are allowed to receive federal and Creighton institutional funds. The Office of International Programs determines which programs qualify.
Creighton's policy relating to the confidentiality of student records is in keeping with the "Family Educational Rights and Privacy Act (FERPA). Information about students or former students will not be released without the consent of the student other than in the exceptions stated in the Federal Act. FERPA affords students with certain rights with respect to their educational records.You can also view FERPA information in the CU Student Handbook.
We understand that many of our students' parents are the responsible party for paying the tuition, but please help us to explain to them that due to the Federal Education Rights to Privacy Act (FERPA) we cannot provide financial or billing detail to them without your express permission. Please go to your NEST web and follow the link to authorize your parents or others to view your information about financial aid, your bill and your grades.