Institutional aid what is

See the Loans webpage for further information, including the terms and conditions of the loans. The SDS program provides federal funding from the U. Students must apply for this opportunity and meet post-award requirements to receive funding from this program. No more than seven students per medical cohort can qualify for the opportunity. Non-need based scholarships are awarded to students who meet eligibility criteria. Some scholarships are awarded during the admission process, others are awarded based on academic merit, and others are awarded based upon individual applications.

Scholarships awarded during the admission process and based solely on academic merit will be processed by the Office of Financial Aid. Students will be notified if they have been selected for these awards. All need-based financial assistance at Providence College is renewable for all four undergraduate years, provided a student adheres to published dates and deadlines, remains in good academic standing and continues to demonstrate similar financial need each year.

Students must reapply for institutional need-based assistance each year by completing the CSS Profile. The most important thing to remember when comparing prices? Look at how it affects total cost. Look at total dollars you will need to fund by looking at total institutional aid.

Consider the total cost to attend, meaning tuition, room, board, fees, and books. Sometimes schools look like they have lower tuition but have lots of fees, so be sure to add those in when looking directly at tuition comparisons.

Housing and food are generally about the same everywhere you go, but tuition prices can vary greatly. You have control here though, because you can choose a smaller meal plan and cheaper housing if your college or university gives you the option to choose.

Eligible for federal work-study? Think of your federal work-study as pizza money. Just stay in control. Six months after graduation, when the monthly bills start coming due, someone with minimal college debt and someone with maximum college debt will be paying the same for rent, car payments, and food. Institutional aid and scholarships can be incredibly helpful in making paying for college more attainable. But before you dive into anything, you need to know the basics that will allow you to make informed decisions for your financial future.

Use this article to guide your way through institutional aid and financial aid in general. Start searching for scholarships right here on CollegeXpress using our Scholarship Search tool. Join the CollegeXpress community!

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For named grants and scholarships that have living sponsors, you may be asked to write a thank-you note or a letter explaining how the funds made your education possible. There are two types of colleges when it comes to admissions decisions and their relation to financial need: need-blind and need-aware.

Schools ideally would meet all financial need when creating a financial aid package through a combination of federal aid and institutional aid , but some need-blind schools only partially meet financial need, and others only meet the financial need of U. Typically schools admit a large percentage of incoming freshmen on a need-blind basis, and then the remaining students are considered on a need-aware basis.

Consider the following:. After you fill out and submit your applications to your prospective schools, you begin the waiting game. Often students are evaluated for both merit- and need-based aid at the same time. If you are accepted to a certain school, you may learn about your financial aid package with your acceptance letter. Getting mail has never been more exciting!

Institutional Financial Aid. What is institutional aid? What is the difference between a need-blind and a need-aware school?