A Thomas College degree is not only a great value—it’s affordable, too. For the 2022-2023 academic year, 98% of families that applied for financial aid received assistance, and we awarded over $14.1 million in scholarships and grants to our students. More than $12 million of this was through Thomas College assistance. This means the average financial aid package for first-year students is $29,375.
Eligible students can receive financial assistance through any combination of Thomas College grants and scholarships, need-based financial aid, outside scholarships, student loans, and work study. We know that the process of applying for financial aid can feel overwhelming, so we’re here to help you and your family understand all of the resources available to you.
Estimate Your Financial Aid Eligibility
You can use our net price calculator as a guide to assist with early financial planning for college. This calculator will provide a preliminary estimate of federal, state, and institutional aid eligibility, to help you gauge what aid you may be awarded and make arrangements to cover the cost of attendance.
Have you filed your FAFSA?
Thomas College starts sending financial aid packages to new students in mid-October. Students seeking financial assistance other than merit-based scholarships should file a Free Application for Federal Student Aid (FAFSA) and list Thomas College (Title IV code 002052) as an authorized recipient of your information.
If you already filed your FAFSA, did you receive an email for verification?
Make sure to submit your Federal Verification Worksheet, which is required by the Financial Aid Office.
Frequently Asked Questions
What is my deadline for submitted my financial aid forms?
There is not a specific deadline for submitting your FAFSA form. The recommended deadline to file your FAFSA is February 15. There may be deadlines associated with specific types of financial aid, such as state grants, so be sure to submit your information as early as possible. The later you complete your paperwork, the less aid you may qualify to receive.
What is Thomas Colleges Title IV Code?
Our Title IV Code for the FAFSA is 002052.
What other documents do I need to submit in order to receive a financial aid award?
New accepted students, who receive an email concerning verification, receive estimated aid awards based upon the results of their FAFSA. In order to receive an actual award, you will need to submit a verification worksheet, federal tax returns and W-2 forms.
How long will it take to receive my financial aid award?
After you have filed your FAFSA, it takes between 2 and 6 weeks for your information to be sent to Thomas College. Financial aid awards for new accepted students are mailed in mid-December. Additional financial aid awards will be processed every two weeks.
What is considered full-time?
Full-time is 12 or more credits per semester.
How are Federal Direct Loans determined?
Federal Direct Loan amounts are based upon grade level. A student’s federal financial need will determine if the Federal Direct Loan is subsidized or unsubsidized.
May I choose to decline Federal Direct Loans?
Yes, you may choose to decline all or part of the loan. You are not obligated to accept any loans you do not want. However, rejecting a federal loan does not mean that it will be replaced with grant or scholarship funds.
Why am I being charged for student insurance and a yearbook?
All day students are charged student insurance and yearbooks, unless a waiver form is completed and returned to the SFS Office. The deadline for the waiver form is September 30, 2024.
All Thomas College Students must have a US-Based Affordable Care Act ACA compliant insurance plan. If students would like to waive the Thomas College insurance plan they need to make sure that the plan they have is ACA compliant. Students must provide a copy of their current insurance card before Thomas student insurance is waived.