What About Finances?

The University's Role

Once the Federal Processor has calculated your EFC, they forward this information along to the Nicholas School

In general, students whose FAFSA data shows them to have the greatest financial need have the most eligibility for work-study, and subsidized loan programs. The particular awards a student is eligible for depend on the rules which govern the award programs.

So, given the student’s financial need and the limitations on the aid programs available, the Nicholas School awards eligible students with scholarships first, then work-study, then loans. Some students may qualify for all three, and other students may only qualify for loans. (If a student receives outside scholarships or funding from another source, their financial need will decrease, and their other awards may have to be adjusted. Please notify our office as soon as you know you’ll be receiving an outside scholarship!) We will notify students about the types and amounts of awards they are eligible for on an FAAN (Financial Aid Award Notice).