In This Section
Student Financial Services
Thomas College offers a comprehensive program of financial assistance to students with academic promise who have demonstrated financial need. In all cases, an award from the college supplements, and does not replace, the funds available to students from their own and their family’s resources. The college tailors its assistance programs to meet the needs of each individual student.
Each year Thomas awards scholarships and grants from its own resources. The college also participates with the federal and state government in their financial aid programs.
Are you frustrated with the loan process, understanding the terms and conditions, and trying to calculate your potential loan payment after graduation? Are you concerned about paying your semester tuition balance at Thomas College? Do you just want to have better money management skills and more control over your budget? Are you having difficulties finding scholarship funding or want to get a head start on searching for a career?
Thomas College and ASA have combined forces, thanks to the Finance Authority of Maine, to give you free access to SALT to assist you in becoming financially healthy!
Is there a guide to financial aid awards?
Yes, please check out our Financial Aid Handbook.
What is my deadline for submitting my financial aid forms?
There is not a specific deadline for submitting your FAFSA form. The recommended deadline to file your FAFSA is February 15th. There may be deadlines associated with specific types of financial aid, such at 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 College’s 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?
Beginning in March, new accepted students will receive estimated financial 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-March. 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 Stafford loans determined?
Stafford loan amounts are based upon grade level. A student’s federal financial need will determine if the Stafford loan in subsidized or unsubsidized.
How are the Perkins loans determined?
Each year Thomas College has a certain amount of Perkins loan funds to award to students. Because it is a limited amount of funds, preference is given to first and second year students who are Pell Grant eligible and reside on campus.
May I choose to decline the Stafford or Perkins loans?
Yes, you may choose to decline all or part of either 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, yearbook, and a parking sticker?
All day students are charged student insurance, yearbooks, and parking stickers; unless a waiver form is completed and returned to the SFS Office. The deadline for the waiver form is September 11, 2015. Students must provide a copy of their current insurance card before Thomas student insurance is waived. Print the waiver form and mail it to SFS.