Hey there, I'm looking into St. John's University and I'm trying to get my head around how they handle financial aid. Does anyone have experience with their financial aid process? And what kinds of aid are generally available?
St. John's University offers a number of financial aid options, including scholarships, grants, loans, and work-study programs. The financial aid packet a student receives could consist of a combination of these options, depending on the student's financial need, academic performance, and other factors.
Scholarships and grants are considered "gift aid," meaning they don't need to be repaid. These can come directly from St. John's University or from outside organizations. The university itself offers several merit-based scholarships - for example, the Presidential Scholarship, which covers full tuition for academically excellent students. There are also scholarships specifically for students in certain programs or from particular backgrounds.
Loans, on the other hand, do need to be paid back eventually, typically with interest. Federal student loans usually have more favorable interest rates and repayment terms compared to private loans.
The Federal Work-Study program is another form of aid that requires students to work part-time in exchange for funds towards their education.
To apply for financial aid at St. John's University, you'll need to submit the Free Application for Federal Student Aid (FAFSA) as well as the CSS Profile. The FAFSA determines your eligibility for government-supported aid, while the CSS Profile is used by the university to distribute its own aid. Make sure to meet all the deadlines for both applications.
In terms of how St. John's handles financial aid footed on need, it's important to know that the school practices billable and non-billable cost budgeting. Billable costs, such as tuition and fees, room and board for residential students, are direct costs that are billed by St. John's. Non-billable costs include books and supplies, transportation, personal costs, and off-campus living, and they are not billed by the university.
The process of financial aid can be quite complex, so don't hesitate to contact the St. John's University Office of Financial Services if you have further questions. They can guide you through the process and help you understand what kinds of aid you might be eligible for.
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