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 $400 to $4050 for 2006-2007.

• Federal Supplemental Education Opportunity Grant (SEOG): Priority is given to students with the lower EFC.  Amounts range from $200 to $4000.

• 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: $2625; Grade Level II: $3500; 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.