How We Determine Your Financial Aid Eligibility
Your eligibility for need-based financial aid is determined by federal Department of Education regulations and University policies governing financial aid programs.
Using the information you provide on the Free Application for Federal Student Aid (FAFSA) and other required documentation, we calculate the amount of family resources you and your parent(s) are expected to contribute towards your educational costs. These resources, known as the Expected Family Contribution, are subtracted from a standard budget of educational expenses, or Cost of Attendance.
Your Financial Aid Award
Your financial aid package is generally a combination of grants, scholarships and self-help. Grants and scholarships are gift aid that does not have to be paid back. Self-help includes loans, which must be paid back, and work-study, which allows a student to earn money towards college expenses, but does not come directly off the bill.
Estimated Awards and Actual Awards
- Incoming students are given estimated awards based on the information available to us at the time of awarding. Estimated awards are only as good as the information you have provided on the financial aid applications and supplemental documents. Once all of the required information is received, each file is re-evaluated and adjusted, if necessary.
- Returning students receive a financial aid award letter once all required information is received and final grades are reported to our office.
Actual award letters are sent to students who have submitted all of the documentation necessary for verification of their financial aid file. Awards are not final until all master promissory notes are completed.