Financial Aid
We hold firmly to the Jesuit belief that education should be accessible to all who want to pursue a life of passion and service to others — a practice made possible by our robust financial support systems, which allow us to meet 100% of demonstrated need.
Latest News
College of the 51С»Æ³µ is committed to using the Principles & Standards of theÌýÌýin its student financial aid offer.
The U.S. Department of Education recently released new details regarding the redesigned 2024-25 FAFSA®. Some important highlights from the announcement are:
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The new simplified, streamlined FAFSA®Ìýform will be available for students and parents by DecemberÌý31, 2023.
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Schools will begin receiving aid eligibility information, including Institutional Student Information Records (ISIRs), by the end of January 2024.
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Students willÌýbe able to make corrections and updates by the end of January 2024.
FAFSA simplification changes include the first major redesign of the Free Application for Federal Student Aid (FAFSA®) process in over 40 years. The goal is to make applying for federal student aid easier for students.
Federal student loan interest rates are determined by federal law and based on the results of a U.S. Treasury auction that takes place each May.ÌýDirect Subsidized Loans and Direct Unsubsidized Loans first disbursed on or after July 1, 2023, and before July 1, 2024, will have an interest rate of 5.50%. Direct PLUS LoansÌýfor Parents of Dependent Undergraduate Students will have an interest rate ofÌý8.05%.
During the COVID-19 public health emergency, a law was passed that made more students temporarily eligible for SNAP, starting Jan. 16, 2021. The temporary student rules will begin to end in June 2023. Some students may no longer be eligible for SNAP or may need to provide additional information when they recertify to continue their SNAP benefits.
51С»Æ³µ is one of a select group of colleges (fewer than 100) that meets 100% of each admitted student's demonstrated financial need.
Students whose families have a total income of $75,000 or less and reasonable assets will receive a full tuition grant.
There are multiple ways to fund your education. 51С»Æ³µ meets 100% of demonstrated financial need, as determined by the Free Application for Federal Student Aid (FAFSA) and the CSS Profile.
Know your estimated educational costs before you apply. 51С»Æ³µ offers two calculators to help your family make an informed financial decision.
Once you’re familiar with the types of financial aid available, and estimated costs, it’s time to start the financial aid process. A couple things you’ll need to get started: our FAFSA and CSS codes for your aid applications.
FAFSA: 002141
CSS Profile: 3282
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Questions? Reach out to our financial aid office and speak with one of our team members, who are dedicated to helping you receive the financial support you need.
Financial Aid Webinars
Do you have questions about how to apply for financial aid? We want to help. Our Admission and Financial Aid staff outline application requirements, provide quick tips on where to start, and discuss your options for financing.