Types of Financial Aid

Scripps financial aid is likely to be awarded in a combination of grants, scholarships, employment, and loans. Ordinarily, a student’s need is first met with grant and/or scholarship aid. Additional demonstrated need is met with employment and loans.


Grants are funds offered to students with no expectation of repayment. Federal and state governments also provide need-based grants, such as the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant (FSEOG), and the Cal Grant for California residents. The Cal Grant deadline is in early March. The amount of grant award depends entirely on the student’s demonstrated financial need.


Scholarships are awarded on a competitive basis and, like grants, do not have to be repaid. Awards are based on academic ability, achievement, and promise, as well as extracurricular activities and interests. While most are “need based,” some are “merit based” only. All applicants for financial aid will be reviewed for need-based scholarships. More information about merit-based scholarships for first-year applicants is available from the Scripps College Office of Admission.

“Named scholarships” are awarded to undergraduates from funds given by individuals or organizations for scholarship purposes, and are “named” by or for the donor. If students meet the specifications of the donor, they are automatically considered for a named scholarship. Since many donors are lifelong friends of Scripps and enjoy hearing directly from students about life at Scripps today, students will be asked to write a thank-you letter to one or more of these benefactors. Additionally, students may be asked to attend a function to meet their scholarship donor. During the academic year, named scholars are awarded to replace Scripps College grants.

Although not all students qualify for financial assistance, Scripps is committed to helping families utilize their resources in creative ways in order to finance a private education. The Scripps College Monthly Payment Plan allows families to spread their annual payments to the College over a period of eight monthly installments. Private and government-sponsored loan programs include the Federal Direct PLUS loan and the Federal Direct Unsubsidized Stafford Loan. These loans vary in payment plans and enable families to borrow from $500 to the full direct costs of education each year (for tuition/fees as well as room and board).


Work programs offer students a double incentive; earning money to help meet college expenses, plus gaining valuable job experience. In the competitive job market, employers seek applicants who have both work experience along with their education.

Employment is available both through the Federal Work-Study Program and through more traditional kinds of student work opportunities. The Office of Financial Aid assists Work-Study students and the office of Career Planning & Resources assists all other students in locating employment. Students are paid their wages directly, and are expected to use their earnings for books and personal expenses.


Loans are sources of funds which must be repaid, usually with interest. Loans are an invaluable resource for many students and their families to finance a college education. Loans allow students to postpone paying a portion of their educational costs until completing their education or leaving school. Loan repayment generally extends up to 10 years after graduation or leaving school.

Graduating in debt is a fairly common experience for today’s students. Fortunately, Scripps College students graduate with less debt due to their financial aid packages. Their average indebtedness is significantly lower than the national average for students attending independent colleges.

Acceptance of any loan carries a serious obligation to repay and failure to meet this obligation affects the availability of loans to future students. Before students accept loans for financing part of their education, they should carefully consider the total amount and the repayment requirement for which they will be responsible when completing their education.

The funds are offered in the form of Federal Subsidized Stafford Loans, Parent Loans to Undergraduate Students (PLUS), Federal Unsubsidized Stafford Loans, and Federal Perkins Loans. At this time interest rates on these loans range from 5-8.5%; neither principal nor interest on subsidized loans need be repaid until the student leaves Scripps or discontinues undergraduate study. A limited number of privately funded Scripps loans accrue no interest.

Scripps understands that financing an education can be a confusing and seemingly daunting task. The Office of Financial Aid can be reached at (909) 621-8275, with specific questions or concerns.