91Â鶹ÊÓƵ

The 91Â鶹ÊÓƵ (white text)

2024-2025 Financial Aid

The Financial Aid Office is committed to helping students and families to make an informed financial decision.  We look forward to working with you from now until graduation!  Our contact information is listed at the bottom of the left navigation.

Financial Aid Terms

Financial Aid Award Notification: A summary of financial assistance and awards from The 91Â鶹ÊÓƵ.
Free Application for Federal Student Aid (FAFSA): The FAFSA is a U.S. government application that gives students the ability to receive federal, state and institutional aid. To complete the FAFSA and for more information, visit .
Student Aid Index (SAI): The U.S. government uses a formula established by law to identify a student aid index (family contribution) using information provided in the FAFSA. The University uses the SAI as part of its process to determine federal aid eligibility and eligibility for any University awards. The SAI is not the amount your family must pay for school.
University Scholarships: An award from The 91Â鶹ÊÓƵ based on high school achievement (merit). Accepted applicants are automatically evaluated for merit scholarships based on their admissions application. No special application is required. Scholarships do not need to be repaid.
University Grants: An award from The 91Â鶹ÊÓƵ based on information provided in the FAFSA to assist students who demonstrate financial need. Grants do not need to be repaid.
University Award: A partial tuition award based on high school achievement or other factors. University awards do not need to be repaid.
Student Financial Success Program: The 91Â鶹ÊÓƵ effort to assist all students in making sound financial decisions throughout their college years and beyond. It includes campus educational programs and online resources free to all students.
Federal Aid: Must file the FAFSA.
Federal Pell Grant: For undergraduate students with exceptional financial need as determined by the FAFSA. Grants do not have to be repaid.
Federal Supplemental Educational Opportunity Grant (SEOG): For undergraduate students with exceptional financial need as determined by the FAFSA. SEOG grants do not have to be repaid.
Federal Work Study: Provides part-time employment during the academic year and summer to students who demonstrate financial need. Federal work study opportunities are available for both on and off-campus in community service learning positions.
Federal Direct Student Loans: By filing the FAFSA, students will be offered direct loans as part of the University Financial Aid Award Notification. Loans must be repaid. There are two types of Direct
Loans available:
Direct Subsidized Loan: Loans made to undergraduate students who demonstrate financial need. The U.S. Department of Education pays the interest on the loan.
Direct Unsubsidized Loan: Loans made to undergraduate students that are not based on financial need. The student is responsible for interest that accrues as soon as you receive the money on your student account.
State Grants: By filing the FAFSA, you may be eligible to receive a state grant based on your state residence for Delaware, Massachusetts, Ohio, Pennsylvania, Vermont, Washington D.C. and West Virginia.
Pennsylvania State Grant Program: For undergraduate students, this is a need-based grant for Pennsylvania residents only. Eligibility is based on financial need as determined by PHEAA. In addition to the FAFSA, students must complete a Pennsylvania State Grant status notice.
PACE: Satisfactory progress requirement for student to maintain (earn 65% of total attempted credits for first-year and sophomore undergraduates; 70% for junior and senior undergraduates, and graduate students).
91Â鶹ÊÓƵ Family Tuition Reduction Program: Families with two or more dependent children attending The 91Â鶹ÊÓƵ during the same semester as full-time undergraduate students are eligible for a 10% tuition discount on tuition for each student.
Direct Costs: Items that will appear on your University bill, such as tuition, fees, and housing and food (if you live on campus).
Cost of Attendance (COA): The total estimated expenses for one year to attend a specific university and is used to determine your eligibility for financial aid, such as grants and loans. COA includes tuition, housing and food, books, supplies, transportation, loan fees, and miscellaneous expenses that you may incur.
Indirect Costs: Estimates of out-of-pocket expenses that you may have when attending the University, including books and personal expenses. You will not be charged for these on your bill. Examples include:
  • Books and Supplies - $1,300
  • Transportation - Residents $700
  • Transportation - Commuter  $1,300
  • Personal Expenses - $1,000

91Â鶹ÊÓƵ Scholarships and Grants

91Â鶹ÊÓƵ grants and scholarships are renewable and limited to eight Undergraduate fall and spring terms. Aid not to exceed Gift Aid Policy. For scholarships that require students to maintain PACE (see Financial Aid Terms). 

Presidential Scholarship  
Merit-based, full-tuition scholarships awarded to incoming first-year students based on their exemplary academic record. To remain eligible, students must maintain a minimum cumulative GPA of 3.25 and maintain PACE.  

Dean’s Scholarship  
Merit-based partial-tuition scholarship awarded to incoming first-year students who demonstrate the highest level of academic achievement. Recipients must maintain a cumulative GPA of 3.25 and maintain PACE.  

Loyola Scholarship 
Partial-tuition scholarships are awarded to incoming first-year and incoming transfer students based on their prior academic record. Renewal is contingent upon the student maintaining a cumulative GPA of 2.75 and maintaining PACE.  
 
Faber Scholarship  
Partial-tuition scholarships are awarded to incoming first-year and incoming transfer students based on their prior academic record. Renewal is contingent upon the student maintaining a cumulative GPA of 2.50 and maintaining PACE.  
 
Business Analytics Scholarship  
Merit-based scholarship awarded to incoming first-year students on an annual basis for a maximum of four years, full-time, undergraduate study. Renewal is contingent upon enrollment in Business Analytics major.  
 
Communication Sciences & Disorders Scholarship  
Merit-based scholarship awarded to incoming first-year students on an annual basis for a maximum of four years, full-time, undergraduate study. Renewal is contingent upon enrollment in Communication Sciences & Disorders major.  
 
Cybercrime & Homeland Security Scholarship  
Merit-based scholarship awarded to incoming first-year students on an annual basis for a maximum of four years, full-time, undergraduate study. Renewal is contingent upon enrollment in Cybercrime & Homeland Security major. 
 
Mathematical Sciences Scholarship  
Merit-based scholarship awarded to incoming first-year students on an annual basis for a maximum of four years, full-time, undergraduate study. Renewal is contingent upon enrollment in Mathematical Sciences major.  
 
Mechanical Engineering Scholarship  
Merit-based scholarship awarded to incoming first-year students on an annual basis for a maximum of four years, full-time, undergraduate study. Renewal is contingent upon enrollment in Mechanical Engineering major.  
 
University Award  
Partial-tuition award, in recognition of high school achievement. Recipients must maintain a minimum of 2.50 and maintain PACE (see Financial Aid Terms and Conditions)  
 
University Grant  
These are renewable grants.
 
Xavier Grant  
These grants are awarded to students who demonstrate financial need. Renewal is contingent upon the student maintaining a cumulative GPA of 2.00, maintaining PACE (see Financial Aid Terms and Conditions), and continued demonstrated financial need. Students must file the FAFSA each academic year.  
 
Terms and Conditions of Merit-Based Scholarships  
Students who transfer out of the university to attend another institution automatically forfeit their merit scholarship upon return to The 91Â鶹ÊÓƵ and will only be considered for need based aid.  
 
Endowed Awards  
Endowed and Special Awards are funds that benefactors provide to The 91Â鶹ÊÓƵ to assist students in accordance with the award guidelines. To remain eligible, students must maintain the cumulative GPA assigned to their original scholarship fund and maintain PACE (see Financial Aid Terms and Conditions).  
 
 
Awards for Non-Traditional Undergraduate Students  
Dexter Hanley Full-Time Grant  
For non-traditional undergraduate students enrolled for a minimum of 12 credits per term. Recipients are chosen based upon demonstrated financial need. Renewal of this award is contingent upon the student maintaining a minimum cumulative GPA of 2.00 and maintaining PACE. Students must file a FAFSA each academic year.  
 
Dexter Hanley Part-Time Grant  
For non-traditional undergraduate students enrolled for fewer than 12 credits per term. Recipients are chosen based upon demonstrated financial need