Current Student FAQs
A: Need-based aid is determined for every academic year. Therefore, you need to reapply every year by our stated deadlines. This ensures that every student receives the financial aid package that best reflects their family’s need. Students with only Merit Scholarships, Talent Scholarships, Honors Program, or a combination of the three, do not need to apply. Their continued eligibility will automatically be determined.
A: Merit based aid, Talent Scholarships, and Honors Program awards remain the same every year as long as you maintain the minimum cumulative GPA required to maintain these scholarships. (For example, for Merit Scholarships: first year students need a 2.5 cumulative by the end of the year and a 3.0 cumulative every year after). Talent Scholarships and Honors Program eligibility is determined by the head of the program.
Need-based financial aid awards are recalculated every year.
Students are eligible for their Federal Direct Student Loan every year upon filing the FAFSA. Freshmen are eligible for a total $5,500 loan, sophomores a total $6,500 loan, and juniors and seniors a total $7,500 loan each year.
A: No, your merit aid is used to shape our incoming Freshman Class. It is calculated from your high school transcript, SAT/ACT scores submitted, and your standing in the admission applicant pool.
A: Students are always encouraged to research outside scholarships. A student can earn up to $6,000 in outside scholarships before a dollar for dollar deduction in need-based aid is made.
Students may also look into alternative loans in order to finance the rest of their education. We cannot recommend any lenders, however, you may Google “Student Alternative Loans” and do research on your own. Once you find a few lenders you are interested in, we would be more than happy to help answer your questions. The student will need a credit worthy co-signer in order to apply for these loans.
A student’s parent can look at applying for a Federal Direct PLUS (Parent Loan for Undergraduate Student) Loan. This loan is taken out in the parent’s name, through the federal government, and is repaid by the parent. The current interest rate is 6.8% and the processing fee is 4%. If the parent is denied the PLUS Loan, the student is then eligible for a $4,000 unsubsidized federal student loan (freshmen and sophomores) or a $5,000 loan (juniors and seniors). You may contact the school for more information or visit our loans tab.
A: It is asked that you be an active participant in the life of that department or program (i.e.: take a class once a year, participate in a group ensemble, ect.)