Guide to Financial Aid
Cabrini University uses the Free Application for Federal Student Aid (FAFSA) to determine a student's eligibility for need-based financial aid.
Additional types of financial aid include scholarships and grants, which can be based on academic merit, financial need, or both; and veteran benefits for those who have served in the U.S. military. You may be eligible for the Federal Work Study Program, which will help you earn money for college costs. You can also explore student loans, which require repayment of the funds received, usually with interest;
For more information on available financial aid, visit our Financial Aid Department pages.
The FAFSA is a federal application for financial aid. You are not charged a fee for completing the form. The FAFSA asks for information about the student's and, in most cases, the student's parents' income and assets for the tax year.
Other variables, such as number of people in the family and if anyone else will be attending college at the same time, are also asked. All information supplied on the FAFSA is confidential.
The FAFSA data is submitted to the Department of Education and it calculates, through a formula called Federal Methodology, what it believes the family can afford to pay for the student's education. This figure is called the Expected Family Contribution (EFC).
Financial Aid Determination
When Cabrini University's Financial Aid Office receives the FAFSA data from the Department of Education, it compares the EFC against an estimated cost of attendance, which includes "direct costs," which are billed to the student by Cabrini, and "indirect costs," which are not billed, but can be presumed that a student would have to pay for as part of going to college (e.g., gasoline or books).
Financial need is determined by taking the appropriate estimated cost of attendance below and subtracting the EFC.
The estimated costs of attendance for the 2018-19 academic year used by the Financial Aid Office are:
|Full-Time Student Living on Campus||Full-Time Student Living at Home||Full-Time Student Living Off-Campus||Part-Time Student|
|Room and Board||$12,500||$2,500||$10,000||$2,500|
|Total||$47,320||$37,320||$44,820||Depends on number of credits|
The Financial Aid Award Letter
The financial aid award letter will itemize all grants, scholarships, loans, and possible student employment funds. It shows how much money will go toward each semester of education for the school year. The notice also estimates the total cost of your education, allowing families to subtract their financial aid so they can determine what they might have to finance themselves.