Financial Aid
Financial Aid: Step-by Step
Step 1: Submit Your FAFSA
Start by completing the Free Application for Federal Student Aid (FAFSA). This first step helps determine your eligibility for federal, state, and institutional financial aid.
Step 2: Check Your Financial Aid Offer
After we receive your FAFSA information, we’ll prepare and send you a personalized financial aid offer. It will outline the grants, scholarships, work-study opportunities, and loan options available to you.
Step 3: Choose Your Aid
Decide which types of aid you want to accept. Grants and scholarships are funds you don’t have to repay, while loans and work-study require additional consideration. Instructions will be provided to accept or decline loan options.
Fill Out Your FAFSA
The FAFSA is now open and it’s important to start the process early! Completing the Free Application for Federal Student Aid (FAFSA) each year is the first step in determining your financial aid package and how much aid you may be eligible to receive.
Use Federal School Code 002343.
Paying for College
Sticker Price vs. Net Price
Sticker price is the full, published cost of attending a college before scholarships and other financial aid are applied. It’s a starting point, not the final bill. Net price is what you actually pay – the cost of attendance reduced by scholarships, and personalized financial aid.
Direct vs. Indirect Costs
Tuition and fees are known as the “direct costs.” Keep in mind that St. Scholastica discounts, outside scholarships, grants, and other financial aid can bring down these direct costs significantly. Financial aid may also help you pay for indirect costs like housing, food, and other personal expenses.
Scholarships
St. Scholastica offers several scholarships for our first-year and transfer students, some of which are awarded automatically upon acceptance.
Graduate Student Aid
Explore discounts and other student aid for graduate students. Find financial aid opportunities to support your advanced degree and reduce tuition costs.
Types of Financial Aid
| Type of Financial Aid | Criteria | Gifts, Earnings, and Aid |
|---|---|---|
| Scholarships | Primarily Merit-based | Gift aid you do not repay |
| Grants | Primarily need-based, determined by FAFSA | Gift aid you do not repay |
| Student Employment | Need-based on-campus job, determined by FAFSA | Aid you earn |
| Federal Student Loans | Need-based, determined by FAFSA | Aid to repay |
| Private Student Loans | Need-based, determined by FAFSA | Aid to repay |
Forms and Resources
Access essential financial aid forms and resources. Get the information you need to apply for grants, scholarships, and loans.
Financial Aid Policies
Unlock financial aid insights at St. Scholastica. Access essential policies to support your educational journey.
