Perkins and Direct Stafford Loan
programs and are made directly to
the student. First-year students gen-
erally borrow in a range from $3500
to $5500. These government loans
have very favorable interest rates,
and repayment does not begin until
the student leaves college; further
deferments are possible if the stu-
dent attends graduate school.
Several other educational loan
programs are available, regardless
of income level or demonstrated
need, through commercial lenders
and the federal government.
Interest rates and payment sched-
The work-study component
aid award is in the form of student
employment, either at a campus job
or off-campus. Many on-campus
jobs are available to students receiv-
ing financial aid, from working in
the library or gym to serving as the
canine companion” for the cam-
pus dog. On-campus work study
employment enables a student to
earn up to $2,750 per year, working
ten hours per week.
Students reapply for needed-based
financial aid each year. St. John’s is
committed to meeting 100% of
demonstrated need, and we are
committed to maintaining that
level of support during the four
years that a student is here provided
the student makes satisfactor y
progress toward graduation.
is offered at St. John’s
College to those students who,
based on their high school records,
application essays, and other infor-
mation, show academic promise for
this distinctive education. There is
no separate application process for
merit aid—a student’s eligibility is
determined as part of the applica-
tion for admission and students are
notified with a scholarship offer
soon af ter their accept ance.
Students will be considered for such
scholarships regardless of their eli-
gibility for need-based financial aid.
Merit scholarships are granted for
four years, provided the student
remains in good standing.
St. John’s is important to me because I
have such a great passion for reading;
history and literature have always been
my two loves. My financial aid grant
has allowed me to continue both my
formal education and my growth as a
student of the world.