The Office of Financial Aid at the University of Saint Francis administers financial aid from federal, state, institutional, and private resources according to the Federal guidelines provided by the U.S. Department of Education. The university works with students and families to determine which funds are available to help meet the cost of education at the University of Saint Francis.
The philosophy of student financial aid is based on the rationale that the student (and the family, where applicable) is the primary resource in funding the student’s education. Each student’s situation is evaluated through the Free Application for Federal Student Aid (FAFSA). Once the application is completed and evaluated by the U.S. Department of Education, the expected family contribution (EFC) is determined. The University of Saint Francis, in turn, will use the calculated EFC to determine available funding from federal, state and institutional resources. An aid package may include a combination of scholarships and/or grants, educational loans and student employment.
Financial aid awards are based on the information submitted by the student and family, academic records, the date of the application, and fund availability.
General Financial Aid Information
Student financial assistance programs are awarded under the following general guidelines:
- University of Saint Francis funds are awarded to students who are enrolled as full-time undergraduate students. Individual funds may be restricted to payment of tuition and fee expenses only.
- Students who have completed a bachelor’s degree are not eligible to receive funds designated as undergraduate federal, state or institutional funding.
- University of Saint Francis funds are limited to eight semesters of use. Transfer students will be evaluated as necessary.
- Financial aid packages are awarded for one year only. Students must meet renewable criteria and complete the FAFSA for each year they wish to attend the University of Saint Francis. The University has a priority deadline for institutional funding of March 10. The University will award funds to students completing the FAFSA after the March 10 deadline as funds are available.
- Students must have a completed FAFSA on file along with additional requested documents prior to the end of the enrollment period. If the student does not meet the above requirements, the aid will be forfeited.
- Financial aid is calculated on the number of credit hours for which a student is enrolled.
- Financial aid awards may be reviewed and adjusted at any time during the academic year. All awards are contingent upon student eligibility, program regulations and availability of funds. Awards may be adjusted based on the following
- Students are required to report to the Office of Financial Aid the receipt of any additional funding received from outside sources.
- Students who request review of their financial situation will be required to submit additional documentation. Financial aid awards will be adjusted based on professional judgment policies.
- Students whose total awards exceed their cost of attendance or tuition and fee expenses based on criteria set out in the award will be adjusted to meet federal, state and institutional guidelines and regulations.
Full-time undergraduate students (those enrolled for 12 hours or more) are expected to complete graduation requirements within eight semesters. Courses taken in excess of eight semesters will not qualify for institutional academic scholarships, talent scholarships, need-based grants or state grants. If a student begins a semester as a full-time student and drops to part time after the add/drop period, that semester is counted among the eight semesters allotted for student assistance eligibility.
Payments of Awards
Most scholarship, grant and loan funds are applied directly to charges for tuition, fees and/or on campus room and board unless otherwise specified by the donor or agency providing the funds. Institutional, federal, state, and most private aid is divided evenly between fall and spring semesters and is credited to each semester’s billing. Awards exceeding the charges listed on each semester’s bill may be used for such education-related expenses as books, transportation, personal expenses, and living expenses.
Financial Aid is applied to each student’s account in the following manner:
- State grants and scholarships.
- Scholarships and grants from outside agencies and private sources.
- Institutional funds.
- Federal grants.
- Student and parent loans.
In the event a student receives tuition-only designated funds which exceed the student’s actual tuition costs, these awards will be reduced.
Financial Aid Counseling
The Office of Financial Aid provides students the opportunity to sit down one-on-one with a financial aid counselor, including an opportunity to do remote one-on-one visits via Skype. The financial aid staff will work with students to help clarify questions regarding financial assistance. Students are encouraged to take an active role in understanding the financial aid process and eligibility requirements/criteria for programs in which they plan to participate. Students should feel free to contact the Office of Financial Aid at 260.399.8003, firstname.lastname@example.org or visit us in Trinity Hall. Follow us on Twitter for updates: @USFfinancialAid.