The good news is, the check is in the mail, and suddenly, you don't have to pay for your entire education on your own. Congratulations! Once the celebration is over, however, you probably have a few questions.

Keys to Keeping Financial Aid

• Meet Deadlines. File forms and paperwork by the deadlines specified. Complete the Free Application for Federal Student Aid (FAFSA) each year and submit any additional paperwork that has been requested to the financial aid office by the deadlines.
• Educate Yourself. When you accept an aid package, read all the information they give you, and keep it in a safe place in case you need to refer to it again.
• Keep in Touch. Financial aid packages can sometimes change, affecting you even if you already signed a contract or award letter. The financial aid office will send you a letter or email to explain any changes they make.
• Talk to Experts. The financial aid office at your school has specialists who are ready to help. Call or email them if you have questions about your financial aid.
• Income Change. The money you make now may influence the future financial aid package you are offered. If you land a new job or lose a job, your income change may alter the financial aid for which you're eligible.
• GPA Change. Many scholarships require that you maintain a certain grade point average (GPA). If your GPA drops, it may affect some scholarships or grants.
• Enrollment Status Change. If your student status changes from full time to part time or less than half time, it may affect the amount of aid you receive, or you may lose an award that requires a specific enrollment status. Conversely, you could be eligible for more financial aid if you go from part time to full time. Check with your financial aid office if you have questions.
• Satisfactory Academic Progress. You must be making satisfactory academic progress toward your program certificate. SAP rules are defined by your school.

There's a lot of information surrounding financial aid, but knowing the details can help you keep your finances in order and your education on track.