Financial Aid FAQs

Frequently Asked Questions

Each school has its own policies for awarding financial aid. The role of the financial aid office is to help students and families find the best way to cover the cost of tuition and associated educational expenses and to understand the financial aid process by dispelling concerns and answering questions.

How can I afford school?

Don't assume you can't afford school. Financial aid gives all students the opportunity to attend school regardless of their family's financial status by making up the difference between the cost and what the family can afford.

How will I know whether I am eligible for aid? What type of aid can I receive?

You must complete a Free Application for Federal Student Aid (FAFSA) to find out if you are eligible for federal financial aid. After you apply, you will receive your SAR (Student Aid Report) which will give you an Expected Family Contribution (EFC). Your EFC is used to calculate your federal financial aid eligibility. Based on your eligibility, the types of aid that you may receive are grants, need-based scholarships, loans, and work study.

Since I may not be eligible, why should I apply?

The only way to tell if you are eligible is to apply. You must fill out the FAFSA to determine your eligibility and the types of aid available to you. If you don't apply, you may miss out. Don't wait to be admitted to apply.

I don't want to go into debt. Why should I take out a loan?

All federal student loans have low interest rates, usually less than that offered by banks, as well as options for low or graduated repayment amounts. Most students receive a package of aid that may consist of grants, loans, work, and possibly scholarships. While you will want to keep your loan balance low, you may need a loan to cover all the costs of attending school.

Quick Web Links

These links can help families find more information about student financial aid. Kaplan Higher Education is not responsible for their content, nor does Kaplan Higher Education endorse the accuracy, completeness, or reliability of the information provided in these links. By visiting websites of lenders and other third parties, you are visiting websites that are subject to terms, conditions, and privacy policies outside of Kaplan Higher Education's control.