How does financial aid work at Neumann University?

I'm interested in applying to Neumann University but concerned about the cost. How does their financial aid program work? What types of aid do they offer, scholarships, grants or loans?

Neumann University offers a variety of financial aid opportunities for students, including scholarships, grants, loans, and work-study programs. The goal of their financial aid program is to assist students in meeting their educational expenses, making college more affordable.

1. Scholarships: Neumann University offers merit-based scholarships for incoming freshmen, which are automatically awarded to qualified students during the admission process. The amount varies based on the student's academic achievements, including high school GPA and standardized test scores (if provided). There are also other scholarship opportunities available for current students, such as department-specific scholarships, leadership scholarships, and outside scholarships.

2. Grants: Neumann University students may be eligible for federal, state, or institutional grants. These need-based awards do not have to be repaid. They include Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Pennsylvania State Grants, and Neumann University Grants.

3. Loans: Students may also be eligible for federal student loans, such as Direct Subsidized and Unsubsidized Loans, as well as Federal Parent PLUS Loans for parents of dependent students. There are also private student loan options available from banks and other lenders.

4. Work-Study: Federal Work-Study is a need-based program that provides part-time employment opportunities to eligible students on or off-campus, allowing them to earn money to help with educational expenses.

In order to apply for financial aid at Neumann University, you will need to complete the Free Application for Federal Student Aid (FAFSA). By submitting your FAFSA, you will automatically be considered for federal and state grants, as well as need-based institutional aid. Make sure to include Neumann University's school code (003988) on your FAFSA.

Additionally, you should reach out to Neumann University's Financial Aid Office for more information about specific financial aid options, application processes, and deadlines. The Financial Aid Office can also help you understand your eligibility for various scholarships, grants, and loans, making it easier for you to navigate the financial aid process.