2005-2006 Financial Aid

Eligibility Information

Requirements

A student must meet the following criteria for receipt of federal aid:

• Be enrolled or accepted for enrollment as a regular student in an eligible program
   
• Be a U.S. citizen or eligible non-citizen with appropriate documentation
   
• Maintain satisfactory progress, as defined by this institution, toward a degree (see the Student Handbook for requirements)
   
• Sign a statement certifying that you will use federal student aid funds only for educational purposes, that you are not in default on a federal student loan or have made satisfactory arrangements to repay it, that you do not owe money back on a federal student grant or have made satisfactory arrangements to repay it and that you will notify your school if you default on a federal student loan
   
• Have a valid Social Security number (unless you’re from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau)
   
• Comply with Selective Service registration, if required
   
• Meet the requirements of Section 668.40 of the Title IV Higher Education Act of 1965 concerning conviction for sale and possession of illegal drugs

Eligibility Formulas

Eligibility for need-based financial aid (i.e. scholarships, Subsidized Federal Stafford Loans, Federal Perkins Loan, Villanova Law School Loans and Federal Work-Study) is determined by the first formula; non need-based aid (i.e. Unsubsidized Federal Stafford Loans, private loans) by the second formula.

Formula 1

Cost of Education

Minus

Student Contribution

Equals

Eligibility for Need-Based Aid

Formula 2

Cost of Education

Minus

Other Aid

Equals

Eligibility for Non Need-Based Aid

Once all of the necessary forms have been received in the Financial Aid Office and your information verified, we will notify you of your eligibility for funds by an award letter, listing the aid for which you are eligible. Aid is only processed for returning students and accepted incoming students. Financial aid information received from students who have not been admitted will be held until such time as they are admitted. Notification of any scholarships will come separately.

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