Financial Aid/Scholarships

FINANCIAL AID OPTIONS AT THE UNIVERSITY OF SAINT KATHERINE

SCHOLARSHIPS

Institutional Scholarships are awarded by the University of Saint Katherine as well as by outside agencies and foundations.  USK awards Athletic Scholarships as well as Academic Merit and Need Based Grants.  There are also scholarships available specifically to Orthodox Christian students.  Students applying for non-athletic grants are required to first fill out a Free Application for Federal Student Aid (FAFSA) at the following link: https://fafsa.ed.gov/USK FAFSA CODE is 042597. To calculate your estimated FAFSA awards, fill out an online interview here: https://usk.vfao.com. You will need your Expected Family Contribution (EFC) from your FAFSA in order to receive an accurate estimate.

PRESIDENTIAL SCHOLARSHIP – $10,000 per year*

The USK Presidential Scholarship is available to all high achieving students with a 3.5 cumulative GPA who are graduating from high school or transferring from a college. These scholars have a commitment to serving their communities and will lead their peers in transformational ways. *Students may qualify for FAFSA – other institutional aid not available

State and Federal Student Aid Programs

The University participates in Federal Title IV Student Aid Programs and the Cal Grant program through the state of California.  A FAFSA, the Free Application for Federal Student Aid, is required for both programs.  GPA Verification is also required for the Cal Grant program.

Financial Aid

The student will receive full financial aid (assuming the student has completed everything required, and his or her admission file and financial aid file are complete prior to the last date of attendance). 

USK Financial Aid Disbursement Policy:

All financial aid is awarded for the academic year; one half is applied to a student’s school account each semester (unless stated otherwise).  State and Federal Aid is awarded at the earliest date available based on state and federal regulations to allow students access to funds to cover books and living expenses.  All funds are disbursed directly to USK and credited to the student’s account within 24 hours.  If a student receives more aid than their outstanding balance, a refund check will be issued within 48 hours of the disbursement.
Students enrolled for only one semester are entitled to only that semester’s award after it is adjusted to a one-semester expense budget. Pell Grant Eligible students may be eligible for an additional Pell Grant based on federal regulations.  Please contact the financial aid office if you have further questions.

2018-2019 Academic Year: USK will disburse all Title IV and Cal Grant Funds to eligible students one week prior to the first day of classes each semester.  For the Fall of 2018, the earliest disbursement date will be August 20. For the Spring of 2019, the earliest disbursement date will be January 15th, 2019.  Aid awarded after those dates will be processed on the following Monday and disbursed on the Wednesday of that week.

All financial aid, including Parent PLUS loans, will first be applied to institutional charges, which include any mandatory state and campus fees. Any remaining financial aid after institutional charges are paid will then be refunded to the student. Please see the Financial Aid Office regarding issuing refunds or making payments.

All students have access to their billing and financial aid information through their Populi Account.

STATE AID – Cal Grant USK school code: 04259700

Cal Grant Award: Prorated per day (assuming the student has completed everything required, and his or her admission file and financial aid file are complete prior to the last date of attendance). Will not be used to reimburse the federal government. If applicable, will be returned to CSAC prior to all other awards, other than Return to Title IV funds. Student understands that receipt of prorated amount will use an entire semester’s worth of Cal Grant eligibility. The application deadline for the Cal Grant is March 2nd. For more information please call the Cal Grant Office – student hotline 888.224.7268.

Cal Grant B Access Award: If the student withdraws after the add/drop period, the student will receive the full award amount for the semester.

Withdrawing On or After the 60 Percent Point in the Semester

Charges: The student will be charged in full.

Veteran’s/GI Bill Benefits

Administered by the Department of Vet Cal Grant Programs, USK facility code is 31-0160-05. For more information on Veteran’s Benefits, visit https://www.calvet.ca.gov/veteran-services-benefits/education.

OUTSIDE SCHOLARSHIPS 

Outside scholarships may also be available from civic and private organizations and foundations based on your ethnicity, church affiliation, academic interests, outstanding academic record, or parent’s employment. Check with your high school counseling office about the availability of such options in addition to our list.

For details on how scholarship search platforms work, and list of the top rated scholarship sites from Reviews.com, please visit https://www.reviews.com/best-scholarship-search-platforms/

 Additional outside scholarship information may be found by exploring the following sites:

The University of Saint Katherine lists the internet links to outside scholarship information and financial aid sources as a resource for students. The University of Saint Katherine is not responsible for nor endorses the services provided by others. Please understand that by using the provided links, you are doing so at your own risk.

RESOURCES

Guide to Financial Aid: http://www.accreditedschoolsonline.org/financial-aid/
Financial Aid & Scholarships for Minority Students: http://www.accreditedschoolsonline.org/resources/college-scholarships-for-minority-students/

Calculators:

Many websites offer calculators to assist you in making college affordable. Although there are several websites (including those set up by lenders) that provide useful calculators, we suggest you start with those listed below:

  • Federal Student Loan Repayment Estimator on the Federal Student Aid website
  • FinAid, the SmartStudent Guide to Financial Aid website