Since the Academy operates on a trimester system, funds are disbursed every trimester, generally within the first 3-4 weeks of the term.  Funds may also be disbursed at any time during the term. In the event you file your FAFSA after a term(s) has been completed, you may receive the previous terms aid in addition to the current terms aid.

Within 1-2 business days, the Department of Education will e-mail you a Student Aid Report (SAR) The SAR details the amount of aid you can expect to receive. You should contact the Office of Financial Aid via email at DAmbraL@USMMA.edu to notify us that you have submitted your FAFSA.

Once the Financial Aid office reviews your information, we will generate an award letter for your review. You may opt to accept or reject the award. Should you choose to accept the award, you will then be required to complete entrance counseling and sign a Master Promissory Note (MPN).  Both steps can be easily completed online by going to: https://studentaid.gov

Following successful completion of entrance counseling and signing the MPN, the Financial Aid Office will notify the Dept. of Education of your desire to accept financial aid. The Department will disburse funds to the Office of Midshipmen Accounts. Midshipmen Accounts will then use the funds to pay any outstanding bills. Any funds remaining will be given to you in the form of a check. It is your responsibility to bring this check to your bank or financial institute!

The Office of Financial Aid is sensitive to the fact that life events do occur. If your financial situation has been impacted, please contact our office at (516) 726-5638 or via e-mail at DAmbraL@USMMA.edu.

002892, enter this code when prompted to do so on your FAFSA.

Submit a Free Application for Federal Student Aid (FAFSA). The application in no way obligates you to accept financial aid. It is merely an application.

The application is available at https://studentaid.gov/.

For anything and everything related to Federal Student Aid, please visit:

https://studentaid.gov/

Loan servicing companies are contracted by the Department of Education to act on behalf of the Department in servicing your loan. You received a letter from a loan servicing company because the Department of Education has assigned it to manage your loan. It essentially acts as the bank for your loan. You will make payments directly to the loan servicing company and work with it if you are applying for loan deferment, forgiveness, forbearance, etc. Loan servicing companies are chosen at random by the Department of Education. The Academy has no influence in which servicer will be assigned your loan. All loan servicers follow the same guidelines and are held to the same standards.

There are several advantages to taking out a Federal Student Loan. Among them:

• Establish good credit history
• Ease in ability to secure a loan. Loans are awarded based on full time attendance at USMMA, regardless of past credit history.
• Generous borrowing terms and conditions, such as deferment/forgiveness for Public Service, forgiveness in the event you are unable to physically work, deferment/forbearance in the event you are unable to make payments.
• Various repayment options such as pay as you go and Income Based Repayment, as well as the standard 10 year repayment plan.
• Competitive Rates
• For additional details please visit, https://studentaid.gov/

No. When filing taxes, neither a Pell Grant nor Federal Direct Loan are considered income.

As long as the expense was directly related to your attendance at the Academy, yes, you may.