Financial Aid

Saint Paul College School Code: 005533

Saint Paul College financial aid is available to help students finance the cost of an education.

Financial aid comes in the form of grants (money that the student does not have to pay back), loans (money that the student must pay back) and college work-study (money the student earns through employment).

Eligibility is determined from the results of the Free Application for Federal Student Aid (FAFSA).

The Saint Paul College Financial Aid Office will calculate financial aid eligibility after receiving FAFSA results and all required documents.

Financial aid is intended to supplement the difference between the cost of education and the expected family contribution. The student and his or her family have the primary responsibility to pay for the student's education. Several resources are available to help students meet their educational expenses. 

The student must be admitted to a program/declare a major at Saint Paul College that leads toward a degree, diploma, or eligible certificate to be qualified to receive financial aid.

More information:

• Policies and Procedures
• Probation and Suspension Information
  

Financial Aid Definitions

• FAFSA
  The FAFSA is the Free Application for Federal Student Aid, FAFSA. This is the application for all types of financial aid: grants, loans, or college work-study.
• Cost of Education
  The cost of education includes tuition, fees, a room and board allowance, books, supplies, a transportation allowance and a personal expense allowance.
• Expected Family Contribution
  An amount, determined by a formula called Federal Methodology, that indicates how much of the student and his or her family's resources should be available to help pay for school. The Expected Family Contribution (EFC) is used in determining the student's eligibility for federal and state financial aid. If a student has unusual expenses that may affect his or her ability to pay for school, the student should notify the Financial Aid Director.
• Financial Need
  Financial need is the difference between the cost of education and the expected family contribution calculated by the federal processing center.
• Full-Time Enrollment: 12 credits or more per semester.
• Three-Quarter-Time Enrollment: 9-11 credits per semester.
• Half-Time Enrollment: 6-8 credits per semester.
• Less Than Half-Time Enrollment: 5 credits or fewer per semester.

More information about financial aid resources is available on the Federal Student Aid website.

Managing Your College Costs

Managing your tuition payments in order to save money can be overwhelming. This Managing your College Costs brochure covers 7 steps to receiving Financial Aid, key contacts for commonly asked questions, and important policies & terms which can affect your college balance.

Managing Your College Tuition Costs

Net Price Calculator

The Net Price Calculator is a tool for students and parents to use to get an estimate of what it may cost to attend Saint Paul College. View more information about the Net Price Calculator for Saint Paul College 

Financial Aid disbursement and the new BankMobile Disbursements Refund Choices

Saint Paul College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. For more information about BankMobile Disbursements, visit this link: http://bankmobiledisbursements.com/refundchoices/

View our third-party servicer contract for refund management.

Saint Paul College - Fall 2022 Financial Aid Dates

September 7

• Pell Grants, Minnesota State Grants, SEOG Grants
• Scholarships
• Federal Subsidized and Unsubsidized Loans
• Students who have previously attended college will receive their full semester loan amount.
• Students who previously attended college and are receiving a semester-only loan will receive the first half of their semester loan amount.

September 14

• Child Care Grants
• Funds start applying to student accounts, but are also awarded after this date as the college receives and confirms provider verifications.

September 21

• Federal Subsidized and Unsubsidized Loans
• First-time attending college students receive their full semester loans.

October 19

• Federal Subsidized and Unsubsidized Loans
• Students who are receiving a semester-only loan will receive the second half of their semester loans.