Sources of Financial Aid
These are some types of aid you may be eligible to receive in your financial aid package:
Federal Pell Grant: Awards are based on the Expected Family Contribution (EFC). Amounts range from $555 to $5550 for 2011-2012.
Federal Supplemental Education Opportunity Grant (SEOG): Priority is given to students with the lower EFC. Amounts range from $250 to $2000.
State Grant Program: Awards are typically based upon EFC. You should contact your state for information on deadlines and availability.
Federal Work-Study Program: Eligible students are employed by the College through the Work-Study program. Money earned through this program is to be used to help defray educational costs.
Federal Perkins Loan: At Thomas, this loan is typically awarded to eligible freshmen and sophomore resident students.
Direct Stafford Loan: Loan amounts are based upon grade level - Grade Level I: $3500; Grade Level II: $4500; Grade Level III: $5500; Grade Level IV: $5500. Federal need will determine if the loan is Subsidized or Unsubsidized.
Outside Scholarships: Generally, outside scholarships are used to fill unmet need. If there is no remaining unmet need, financial aid may be adjusted. All outside scholarships must be reported to the SFS Office.
Thomas College Grants: Thomas Grants are need-based and are used to supplement federal and state financial aid.
Thomas College Merit Scholarships: Thomas offers first time students academic based scholarships.
Other Institutional Scholarships: Current students may be eligible for scholarships based on academic merit and financial need.