FAQ's on General Financial Aid Information
- What are my responsibilities as a Student?
- Complete forms accurately and submit them by the appropriate deadline dates.
- Submit all additional documents/information requested.
- NOT give information that is false or misleading.
- Understand, accept responsibility for, and keep copies of all signed agreements.
- Participate in Entrance and Exit Interviews when required.
- Report any changes in your address, income estimates, registration, or housing status.
- Notify us of any financial assistance you are receiving from an outside source.
- Be aware of the University’s withdrawal and refund procedures.
- If accepting a Work-Study Award, perform work that is agreed upon.
- Notify your lender when you graduate or drop below half-time status.
- Maintain satisfactory academic progress according to the University policy. Students who reach junior year status must maintain a minimum 2.0 GPA for any type of financial assistance renewal.
- Am I eligible for financial aid each year?
To be considered for financial assistance at Sacred Heart University, each year the student must meet the following requirements:
- All students must complete a Free Application for Federal Student Aid (FAFSA). Please contact the office of Student Financial Assistance for deadlines.
- Additional verification and documentation may be required according to individual circumstances. This may include a signed copy of Federal Income Tax returns, schedules, and W-2s for both the parents and the student. Other forms are issued by the Office of Student Financial Assistance and must be completed and returned promptly.
- Must be maintaining satisfactory academic progress.
- Must be registered for the next semester as a full-time student.
Upon the receipt of the required documents, the office will re-evaluate each student for aid. Based on the information provided on the required forms and the availability of university, federal and state funds, an award package will be sent.
- What is the Estimated Family Contribution or EFC?
The Estimated Family Contribution or EFC is the amount of money a family is expected to contribute toward the cost of attendance. This number is derived from the Federal Income Tax Return, W2 and Asset information that parent’s and student’s provide on the CSS Profile and the FAFSA application.
- How is my family’s need determined?
The basic need calculation is as follows: Cost of Attendance – EFC = Need
There are different types of aid - federal, state and private - and different formulas for determining a family's eligibility or need for aid. The federal government has its own formula which is used to calculate federal aid, such as the Pell Grants, College Work-Study and Stafford Loans. The government utilizes the information your family supplied on the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
For state aid, different states have different requirements. Check with your State Department of Higher Education. In Connecticut, there is the CICSG (Connecticut Independent College Student Grant) program, which provides grants to state residents who attend a private university in state.
For private aid, Sacred Heart will use the information you supplied on the FAFSA, as well as the information you supplied on the CSS Profile and Non-Custodial Parent Profile, if applicable.