Financial Aid FAQ

Frequently Asked Questions

How is Financial Aid Determined?

"Need" is the difference between your Student Aid Index as determined by filing the Free Application for Federal Student Aid (FAFSA) and the total cost of university for one year. The Financial Aid Office will analyze your situation carefully to find the best way to award you a combination of grant, scholarship, loan, and work-study programs to enable you to attend Holy Family University. Your "need" will be greater at more expensive universities and this in turn will qualify you for more aid. Based on this formula, Holy Family University may require less money from your family than you might expect.

Is Financial Aid Available for Transfer Students?

Transfer students are eligible for the same types of aid as students attending college for the first time.

What If I Am a Part-Time Student?

Part-time students may be eligible for some or all of the following, depending on criteria specific to the awards:

• Federal Pell Grants
• PHEAA State Grant (for PA residents)
• Direct Federal Subsidized and/or Unsubsidized Loans (at least half-time status)
• Direct Federal Parent Loans for Undergraduate Students (PLUS) (at least half-time status)
• Private Education Loans

What if I Am a Graduate or Doctoral Student?

Graduate and Doctoral students are eligible for:

• Direct Federal Unsubsidized Loans (at least half-time status)
• Direct Federal PLUS Loan for Graduate and Doctoral Students (at least half-time status)
• Private Education Loans

Where Can I Find Additional Resources About Financial Aid?

For more information about financial aid or the availability of outside scholarships, check with:

• Your high school guidance counselor
• Local libraries
• Churches, civic organizations or other groups
• The human resources department of your or your parents' employer
• The following websites:
  • finaid.org
  • studentaid.gov
  • educationplanner.org
  • fastweb.com
  • collegeboard.org
  • collegeexpress.com
  • mysmartborrowing.com

Will a Request for Aid Affect My Chances for Admission to Holy Family University?

All students are given equal consideration for admission to Holy Family. The University is committed to providing the opportunity for all qualified candidates to attend. Your financial information is not considered when making admission decisions.

Will I Be Able to Get Financial Aid Each Year?

Aid is renewable by filing a FAFSA each year and maintaining satisfactory academic progress (SAP) as stated in the university catalog. Usually, the awards remain about the same unless there is a change in your family's financial circumstances or you do not maintain SAP.