Student Loans for University of Scranton
About the University of Scranton
The University of Scranton is a private, Jesuit university located in Scranton, Pennsylvania. Founded in 1888 as Saint Thomas College, it has since excelled and is also renowned for its beautiful, spacious campus. There are 57 different bachelors of arts and science degrees which the students can choose from. In addition, there are many pre-professional courses such as pre-medical pre-law and pre-dental. Notably, the overall learning process is guided by 287 faculty members, 85% of them holding doctoral or terminal degrees.
Educational costs prove to be a tough financial burden and the Scranton financial aid office is aware, as it strives to provide relief to students in the forms of grants, merit-based scholarships, loans and work-study. Before you apply for aid you must first calculate your financial need, which is the difference between the total Cost Of Attendance (COA) and family contributions. The COA is the tentative sum of your tuition, books, study materials and living expenses.
You may initiate the process of applying for financial aid by filling out the Free Application for Federal Student Aid (FAFSA) and by submitting it along with your bank statement. The federal government will then use this information to develop a Student Aid Report (SAR), which will be sent to the University of Scranton financial aid, helping them determine the right financial aid package for you.
Some of the merit-based scholarships available for eligible students include the Presidential Scholarship, the Dean Scholarship, the Loyola Scholarship and the Arrupe Scholarship. Moreover, Scranton financial aid offers two need-based grants – the Xavier and Claver awards – which do not have to be repaid. You can also finance your education via different gifts and awards, such as the Scranton Preparatory School Scholarship, the Purple Club Scholarship and other personal endowment scholarships. Apart from these scholarships, you should seek out federal loan options, which have easy repayment options and low interest rates. Federal Direct Stafford Loans, Federal Direct Parent Loans and Perkins Loans are just some of the options that you may choose from. Additionally, there is an ROTC scholarship offered by the army, which provides full tuition, $1,200 for books and a monthly stipend.
University of Scranton Student Loan Options
The University of Scranton, like most institutions, accepts private loans as a way of financing your education. These loans help you to make ends meet, as they provide funds with low interest rates.
The Scranton financial aid office accepts the Pell Grant and the Federal Supplemental Educational Opportunity Grant as part of federal aid. In addition, students ma also access institutional grant awards such as the Xavier Grant and the Claver Award. Although the institutional grant awards are need-based, they come with certain requirements that must be fulfilled in order for students to qualify.
Pay for University of Scranton*
|Total Avg. Cost||$49,248|
|Room & Board||$11,862|
|Financial Aid Information|
|Students Receiving Fin Aid||93%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,349|
|%Receiving Other Loans||11%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics