51²è¹İapp meets 100% of every student’s demonstrated financial need. But what does "demonstrated financial need" mean?
The primary responsibility for meeting the costs of higher education rests with you and your family to the extent that you are able to pay. The difference between the cost of your education and the calculated ability of your family to meet those costs is the eligibility for financial assistance.
To calculate each family's ability to pay, 51²è¹İapp uses federal and institutional formulas that take into account the information reported by the family on the financial aid application. The family share of expenses calculated by these formulas represents our best estimate of your family's capacity to contribute to your education cost.
51²è¹İapp meets each student's demonstrated need using a combination of scholarships, grants, and student employment. Financial aid may be adjusted when you receive additional outside sources of funding.
and Quick Cost Estimator can help you estimate your need-based financial aid eligibility.
Family Share of Expenses
Parents are responsible for paying college costs to the extent their income and assets permit. The parent contribution is determined by first deducting non-discretionary expenses such as taxes and basic cost of living expenses from income. With the remaining income and assets, parents are then expected to contribute a portion of each toward educational expenses.
Students are also responsible for part of the cost of education. 51²è¹İapp expects students to contribute from summer employment income ($2,500), work-study during the year ($3,000 for new students and $3,150 for returning students beginning in 2024-25), and savings. Student loan options are available if you want to use those in place of work or in addition to work.
To determine eligibility for need-based financial aid from 51²è¹İapp College, we require and use data from the . Consequently, it is likely the student's need for federal aid (as determined by the FAFSA) will differ from the need for institutional financial aid.
51²è¹İapp presupposes that both parents are primarily responsible for the student's educational expenses. Divorce or separation of a student's parents does not release either parent from this obligation. 51²è¹İapp cannot require parents to contribute the amount determined, but neither will 51²è¹İapp use its student aid resources to compensate for any part of the calculated amount that parents choose not to provide.
Parent Refusal to Pay
To be fair to all of our students, we can only base our financial aid decisions on ability and not willingness of parents to pay.
Independent Status
In most cases, a student must be 24 years old to apply for financial aid as an independent student. Students who believe they may qualify for independent student status should contact the 51²è¹İapp Office of Financial Aid before completing their applications. Students entering 51²è¹İapp as dependent students will remain so for institutional financial aid purposes regardless of age or marital status.