Financial Aid

Value = Quality + Affordability
 

Financial Aid Mystery: How Your Aid Award is Determined

There's no big mystery here, we simply take the cost of education minus the expected family contribution  =  maximum eligibility for assistance:

Resident Student

Cost (Tuition , Room & Board)
-EFC*Eligibility For Aid 

Commuter Student

Cost (Tuition)
-EFC*Eligibility For Aid

* As determined by the federal processor

Thus, the major component in determining your eligibility for aid is your cost of attendance. This cost will vary depending on the number of credit hours for which you enroll and your residency status. You are responsible for notifying the Financial Aid Office in writing of changes in enrollment residency. Failure to do so may, unfortunately, result in loss of aid. Please note that for commuter students, we do try to include additional loan funds to help with off-campus expenses.

Once we have determined your eligibility for aid, we construct an aid award. The award will consist of non-repayable gift assistance (federal, state or institutional), loan assistance (at your option), and federal work-study (also at your option). No student is required to take out a loan or participate in the work study program. These are merely means of obtaining funds to assist you with your financial obligation to the College, should you choose to do so.

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