Who Receives Aid at SJC? Does it Make Sense to Apply?
Our on campus program students come from many different backgrounds and financial circumstances. Are you concerned about paying for your education? If yes, then please apply for aid. It is a free process.
- More than 90 percent of our families filed the FAFSA.
- Nearly one third qualified for Pell Grant and 6 percent of these went to our minority students.
- More than 50 percent of our students qualified for work-study.
- About 88 percent of our students are considered dependent.
- Almost half of our families whose total income exceeded $200,000 were eligible for need-based aid.
Just by filling out the admissions application you'll be considered for:
- Merit scholarships based on GPA, SAT/ACT, community/school involvement;
- Eligibility up to $19,000.
You must meet the following federal qualifications to be considered for financial aid:
- U.S. citizenship or eligible non-citizen status
- enrollment or acceptance for enrollment in a degree program at an eligible institution
- no default on a federal student loan or refund required to a federal grant program
- registration with Selective Service, if required
- valid Social Security number
- high school diploma or GED
- satisfactory academic progress toward a degree
Other factors considered:
- enrollment status
- year in school
- housing choice
Expected Family Contribution (EFC) & Need
Cost – EFC = Need
- You can find the federal EFC (Expected Family Contribution) on the Federal Student Aid Report you get after filing the FAFSA.
- The federal EFC is not the amount you will pay to Saint Joseph’s College. Your financial aid award letter will give you an estimate of your bill for the year.
- We use the federal EFC to determine your federal and state awards. Example: a Maine resident who has an EFC of 5500 or less will be considered for the Maine State Grant program.
- We also calculate an institutional EFC. This is used to determine your eligibility for our own need-based grant programs.
- We begin to mail award letters to new students in March. We begin to mail returning student awards in June.
- The award letter will list the types and amounts of aid that you are eligible to receive. This letter will also include our estimate of your share of tuition, fees, and room/board (if you live on campus).
- The award letter must be signed and returned to the Office of Financial Aid. The second copy is to be kept by the student.
- The award is subject to change and no financial aid can be paid until all documents have been received and reviewed and enrollment has been confirmed.
- We will include information about our payment plan and other financing options.
Disbursing the Funds
- Federal, state, and institutional funds are paid each semester.
- Before we can pay your funds, we must check your enrollment status and eligibility.
- New borrowers must complete the entrance interview and promissory note before loan funds can be paid.
- If you have a credit on your account, these funds are returned to you (or your parent if it is from a Federal Parent Loan) unless you tell the Treasurer’s Office differently.
- Statements are mailed to the student/family throughout the year. Aid that has been awarded but not paid will show as “pending” aid.
- Federal work-study does not appear on the bill because students are paid by check for the hours worked.
2015–2016 Priority Deadlines
- Incoming Students, March 1, 2015
New students must submit the FAFSA to be considered for our financial aid programs. Please try to submit this by the March 1 priority deadline. However, please know that we continue to review documents received after that date as long as funding remains.
- Returning Students, April 15, 2015
Be sure that you submit the FAFSA by our priority date to receive consideration for all of our programs. Please submit all other materials, e.g., W2s, Verification Worksheet, and IRS Tax documentation (data retrieval or tax return transcript), as soon as possible, and by April 15 if at all possible. Contact us if you are having difficulty meeting these deadlines.