The Higher Education Opportunity Act (HEOA) of 2008 focused attention on communicating aid offers to prospective students with the goal of helping families make informed decisions about college.
The College Financing Plan is a form that was designed by the federal government in an effort to create a standardized way for schools to communicate cost information to families while incorporating specific financial aid awards. It includes information on grant and scholarship amounts, net costs, graduation rates, loan default rates, median borrowing, and estimated monthly loan payments after graduation. It is designed to make it easier for families to do side-by-side cost comparisons for each of their selected schools. The Department of Education created the form to assist families in making an informed decision about how to pay for college.
The College Financing Plan is not meant to replace your understanding of awarded financial aid, eligibility requirements, and overall costs you will encounter. It does not include any estimates on personal expenses or fees that may be course specific (i.e. lab fees, art supplies, theater fees, etc). We encourage you to use the information and the many resources available throughout Plymouth State University’s Financial Aid website as you prepare for the expense of college. The plan does not replace the financial aid award letter that PSU provides.
To view your College Financing Plan, you must:
- Submit a Free Application for Federal Student Aid (FAFSA) for the current academic year
- Receive notification that your Financial Aid award has been completed
Once your award is complete, your College Financing Plan will be available for viewing online to returning students through your myPlymouth by clicking here and will be available to prospective students on request.
Note: The information contained in the plan is only current as of the date it was viewed or printed.