Principles of the St. John’s College financial aid policy

• While the primary responsibility for financing a college education lies with the student and the student's parents, St. John’s is committed to affordability. We know that it is often difficult or impossible, especially in these challenging economic times, for families to fund a college education and thus the college offers aid to supplement funds the family provides.
• The ability of a family to meet college expenses is determined by assessing the family's financial strength in terms of income, assets, debts, household size, and number of family members in college.
• Financial aid may be in the form of a grant, loan, or part-time employment, and will be offered to all students as a package that combines one or more forms of aid.
• In keeping with the philosophy that students should contribute to their educational expenses, self-help is a component of the financial aid award. At St. John's, self-help consists of a part-time job and educational loans. We also expect students to work during the summer to earn money for educational expenses.
• St. John’s is committed to meeting demonstrated need throughout a student’s four years at the college. Students need to reapply each year and the level of aid should stay approximately the same from year to year if the family financial situation remains about the same. A change in income or in the number of children in college may result in a change to the financial aid.
• Students receiving financial aid must maintain satisfactory academic progress in order to retain their award.

Financial aid awards are made in accordance with the provisions of Title IV of the Civil Rights Act of 1964 and Title IX of the Higher Education Act of 1980, which prohibits discrimination on the basis of race, color, sex, physical handicap, age, marital status, creed or ethnic or national origin.

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