AWARD GUIDE 2014-15 (pdf)
financial aid award,
Computer Budget Adjustment
According to federal financial aid regulations, the cost of a computer is considered an educational expense. The maximum one-time computer allowance is $1,500 which can be added to your cost of attendance (budget) and could increase your loan eligibility. The source of loan funds for a computer purchase is the Federal Direct Stafford Loan program. If you have already borrowed your annual or aggregate maximum in Stafford loans, you will not be eligible to borrow more for a computer purchase.
If your major requires a specific computer bundle costing over $1500 and you would like a budget increase over $1500, you must make an appointment with a financial aid advisor and bring:
- the receipt for your computer purchase, which must be dated during the current academic year AND
- a letter from your Department certifying that the computer bundle purchased is required for your major.
How to Figure Your Loan Eligibility
You might already be eligible for additional Stafford loan without a budget increase.
- Access your Student Center
- Under the finances section, click on View Financial Aid.
- Click on the current Aid Year.
- Click on View Budget Details. Your loan eligibility will be determined by your remaining need as well as annual and aggregate loan limits set by the federal government. See Federal Direct Stafford Loan.
- If your remaining need can accommodate your computer expense, please submit an online Federal Direct Stafford Loan Application instead of a Computer Budget Adjustment request.
- Please contact our office if you need help understanding your loan eligibility.
If you need your budget increased for a computer, submit an online Computer Budget Adjustment form. A Federal Direct Stafford Loan Application is not necessary.