St. Francis College firmly believes that a lack of financial resources should never be an obstacle to the pursuit of higher learning. That is why we are committed to providing greater educational opportunity though financial aid in a variety of forms.
When you apply for financial aid at SFC, a counselor from our Office of Financial Aid will work closely with you to help you take full advantage of the resources available to you through:
- Merit Based Scholarships
- Need Based Aid
- Federal and State Grants
- Student Employment Opportunities
- Student loan
Create your FAFSA ID
You will need to create your FAFSA ID in order to electronically sign and submit your FAFSA, as well as to make any needed corrections later. And if you are a dependent student, your parent will need his or her own FSA ID too.
File out your FAFSA
2019-2020 financial aid applicants:
- This includes fall 2019 and spring 2020
- Transfer students can file the FAFSA beginning Oct. 1, 2018.
- The FAFSA is a free application, so avoid online scams requesting payment.
- Note: The 2019-2020 FAFSA references your 2017 taxes.
- After filing your FAFSA, you will receive a Student Aid Report (SAR) created from the information you provided in the FAFSA. Your Expected Family Contribution (EFC) will be included in the SAR. St. Francis College then calculates your estimated Cost of Attendance (COA). Your EFC is subtracted from your COA to determine your eligibility for need-based financial aid. Please review your SAR for accuracy and make any necessary corrections online. Contact the U.S. Department of Education if you do not receive your SAR or have questions regarding your SAR.
Apply for scholarships:
All merit-based scholarships are determined at the point of admission. We will include a notification of your scholarship along with your acceptance letter. Need-based aid requires completion of the FAFSA.
Receive your financial aid offer:
After all requested items needed for verification are processed by the Office of Financial Aid, you will receive a financial aid award letter. Your financial aid award letter will list your offered financial aid for the entire academic year (fall through spring or spring only). Offered financial aid awards are contingent upon full-time enrollment (12 credits for undergraduates) and are based on your academic level, estimated cost of attendance, and need as determined by the FAFSA. If your enrollment changes, we will prorate your financial aid awards through the 25th day of the semester.
Our primary method of communication is through mail and your SFC email address. As a new transfer student, we will mail you a copy of your financial aid award letter once your financial aid offer is determined.
Act on your transfer student financial aid awards:
SFC encourages you to accept your financial aid as soon as possible. Accepting your aid after August 1o January 8th could delay your fall & spring semester disbursement.
If you and your parents are planning on accepting the Federal Loans, follow the student loan and parent plus loan instructions that where provided with your financial aid award letter. The loan process can take up to 2 weeks to complete. Be sure to plan ahead so your funds are disbursed in time for your fall semester.
If you are registered and not planning to attend SFC for any reason you should notify Office of Financial Aid in writing and also follow the college’s withdrawal process
Will my financial aid transfer to St. Francis College?
Your aid does not "transfer" when you come to SFC, but as long as you add our federal school code (002820) to your FAFSA, we will determine your eligibility. The nature of your aid may change when you change schools. Here are some factors that affect how your financial aid is awarded at SFC:
- Your aid must be re-awarded at the new school. SFC will make the award for an incoming transfer student based on the student's enrollment and the amount of federal and state aid that has already been used at the other school(s).
- Federal Direct Loan annual limits are based on grade level. Transfer students' loans will be awarded based on the academic level that you have by factoring in any accepted transfer credits from a previous institution(s).
- Aid does not transfer. SFC will award all transfer students based off of aid they will be eligible for at the time of awarding, factoring in the Expected Family Contribution, the Cost of Attendance, and the funds that the Office of Financial Aid has at the time of awarding.
When should I fill out a FAFSA (Free Application for Federal Student Aid)?
FAFSA applications are available at https://studentaid.gov as of October 1st of each year for the upcoming academic year. There is not set deadline for filing a FAFSA to be sent to SFC. For transfer students starting in the spring, add our school code to the FAFSA as soon as you anticipate transferring here.
Do I have to fill out a FAFSA (Free Application for Federal Student Aid) each year?
Yes, you must reapply by completing the https://studentaid.gov each year for the upcoming fall semester. The FAFSA is available as of October 1st each year.
What if I have more questions?
More frequently asked questions are answered on our general FAQ page or feel free to contact us at the Office of Financial Aid at 718.489.5255.