Financial Aid Handbook

Introduction

Saint Elizabeth University will assist all students in their effort to meet their financial need in accordance with Federal, State, and University regulations. A student’s financial need is determined by subtracting the parents’ and student’s contribution from the total estimated cost of attendance. Any funds received from other sources such as civic organizations, foundations, or other benefits must be reported to the Financial Aid Office. Federal regulations require that these awards be treated as educational resources for determining the applicant’s eligibility. The combination of all institutional, federal, state, and outside resources may not exceed the cost of attendance.

• Aid allocation for students demonstrating financial need is as follows: federal, state, institutional need-based grants, then loans. Financial aid offer letters are sent on a rolling basis as soon as the Financial Aid Office receives all of the required documentation.
• A student may become ineligible for financial aid if he or she fails to maintain good standing or satisfactory academic progress. See Academic Progress requirements for financial aid eligibility.
• Financial aid will be re-evaluated if and when inconsistent information is revealed on either the Free Application for Federal Student Aid (FAFSA) or the Student Aid Report (SAR).
• If a student is not permitted to return to Saint Elizabeth University, whether because of grades, disciplinary reasons, or an outstanding balance on his/her account, the student’s financial aid award will be withdrawn.
• All first time students in the traditional university are required to submit their final high school transcripts prior to the beginning of their first semester of classes. If the final high school transcript is not received in the Office of Admission, the student’s financial aid award will be withdrawn.
• • The student must notify the Financial Aid Office if a student is awarded additional gift aid from some other source. The amount awarded by the University will be reviewed and possibly modified. It is the policy of Saint Elizabeth University that combined scholarship awards shall not be in excess of the total charges for tuition, fees, and room and board for resident students and shall not be in excess of tuition and fees for commuter students.