Need-based Sources of Financial Assistance
There are several different types of need-based assistance available. "Need-based" means that before aid is awarded, the student and family must demonstrate financial need by providing information on the Application for Financial Aid & Scholarship.
Through the Application for Financial Aid & Scholarship, information regarding family size, income, and assets is evaluated. The results are made and we subtract the "estimated family contribution" figure from the "cost of education" figure. When the cost of education is larger than the expected family contribution, financial need is demonstrated.
When there is "need," aid is awarded, usually in a combination of grant, loan, and student employment programs. Not everyone receives aid from every program.
Merit-based Sources of Financial Assistance
At the time a student is considered for Admission to the College, the Admissions Office evaluates each application for merit-based Sattler College Scholarships. These scholarships are communicated to the student at the time of admission.
The Office of Financial Aid and Scholarship also receives notification of such awards and builds a financial aid package around merit-based funds, assuming that the student has applied for financial assistance. All students must maintain full-time enrollment (12 credits minimum) in order to receive merit-based funds.
Alternative Financing Options
Students should attempt to locate scholarships for which they are eligible. Sources of information are high school guidance offices, charitable organizations, service organizations, employee credit unions, and college libraries. Students who receive private scholarships are required to notify the Office of Financial Aid and Scholarship. Private scholarships are used to cover any unmet need and then to reduce loans and work-study.