Saint Paul College School Code:
Financial aid is money that is available to help students finance the
cost of an education. Financial aid comes in the form of grants (money that
the student does not have to pay back), loans (money that the student must
pay back) and college work-study (money the student earns through
employment). Eligibility is determined from the results of the
Free Application for Federal
Student Aid, FAFSA.
The student and his or her family have the primary responsibility to pay
for the student's education. Financial aid is intended to supplement the
difference between the cost of education and the expected family
contribution. Several programs are available to help students meet their
educational expenses. The Financial Aid Office will calculate financial aid
eligibility after receiving FAFSA results and all required documents.
The student must be admitted to a program/declare a major at Saint Paul
College that leads toward a degree, diploma, or eligible certificate to be
qualified to receive financial aid. For additional information, contact the
Financial Aid Office at 651.846.1386.
Financial Aid Definitions
- FAFSA - The FAFSA is the
Free Application for Federal
Student Aid, FAFSA. This is the application for all types of
financial aid: grants, loans, or college work-study.
- Cost of Education The cost of education includes
tuition, fees, a room and board allowance, books, supplies, a
transportation allowance and a personal expense allowance.
- Expected Family Contribution An amount, determined
by a formula called Federal Methodology, that indicates how much of the
student and his or her family's resources should be available to help
pay for school. The Expected Family Contribution (EFC) is used in
determining the student's eligibility for federal and state financial
aid. If a student has unusual expenses that may affect his or her
ability to pay for school, the student should notify the Financial Aid
- Financial Need Financial need is the difference
between the cost of education and the expected family contribution
calculated by the federal processing center.
- Full-Time Enrollment: 12 credits or more per
- Three-Quarter-Time Enrollment: 9-11 credits per
- Half-Time Enrollment: 6-8 credits per semester.
- Less Than Half-Time Enrollment: 5 credits or fewer
Net Price Calculator
The Net Price Calculator is a tool for students and parents to use to get an
estimate of what it may cost to attend Saint Paul College. View
more information about the Net Price Calculator for Saint Paul College
Financial Aid disbursement and the new Saint Paul College Card
Starting spring semester 2012, you will be receiving your financial aid,
refunds and/or student payroll in a new way – the Saint Paul College Card.
It's fast, secure and convenient: no waiting in line.
View more information about the Saint Paul College Card