Academic Year: 2008-2009

There are a wide variety of financial aid options available to Gratz College students. These include Federal and State financial aid programs, campus-based awards (scholarships and fellowships) and aid available from private sources. The following two steps must be completed to be considered for Gratz College assistance.

All students applying for any form of campus-based, Federal or State financial aid must complete the Free Application for Federal Student Aid (FAFSA) or a renewal FAFSA for 2008-2009; these are both available online at www.fafsa.ed.gov. These forms should be completed as soon as possible in order to meet the deadlines.

All applicants must fill out a Gratz College Financial Aid Application and the Gratz College Student's Untaxed Income Form and return them to:

Gratz College
Office of Financial Aid
7605 Old York Road
Melrose Park, PA 19027

Entrance Loan Counseling

All new students who plan to take out Stafford Loans are required to complete an Entrance Loan Counseling Session informing you of your rights and responsibilities as a Federal loan borrower. This Entrance Loan Counseling requirement may be fulfilled on-line at www.mapping-your-future.org.

First-time borrowers: Please note the delay in the first disbursement of your Stafford loan. Federal regulations require your loan to be disbursed in two installments, with the first installment occurring 30 days after the semester begins.

Federal regulations also require loan borrowers with loan terms less than a full academic year to be disbursed in two payments from your lender during the semester or term.

Awarding Procedures

Eligibility for need-based financial aid is determined by the following formula:

The cost of education for purposes of determining financial need includes actual costs for tuition and fees and a reasonable estimate of costs for such items as room and board, books and other living expenses. The budget listed below represents typical yearly expenses for Gratz students who did not live with relatives during the 2006-2007 year.

Note: Students may request financial aid for three semesters (including summer) and/or for the summer semester only or for any other single semester.