Office of Financial Aid

Frequently Asked Financial Aid Questions

Cost of Attendance

What does it cost to attend Scripps College for a year?

The cost of attendance at Scripps College includes tuition, room, board (i.e. meals), books and personal expenses. Review the most current cost of attendance.

Before I apply, can I get a sense of whether I might qualify for aid?

Yes. Just enter your financial information into the Scripps College Net Price Calculator to get an idea of how much aid you may be qualified to receive

 

Is there a payment plan at Scripps College?

Scripps College Student Accounts Office offers a payment option for families who wish to pay in installments. With this plan, the comprehensive fees, minus financial aid, are paid in four equal installments each semester. Fall semester payments are due August 1st through November 1st, and January 1st through April 1st for spring semester. Payment Option Forms for this plan must be mailed in May and received in the Billing Office by June 15th. A non-refundable fee of $50.00 per semester will be charged to your student account to participate in the payment plan. For more information, click here.

Types of Financial Aid

What is financial aid?

Financial aid is monetary assistance to help cover the cost of college tuition, room and board and other expenses.

What are the major types of financial aid?

Financial aid can consist of gift aid (grants or scholarships that do not need to be repaid), loans (borrowed money that must be paid back, usually with interest), and student employment (money earned by the student through a job to make college more affordable).

 

What is Federal Work-Study and how does it work?

Federal Work-Study provides part time employment for undergraduate students with financial need, allowing them to earn money to help pay education expenses. The work-study amount awarded is the maximum amount students can earn for the fall and spring semester. You are only paid for the hours you work. You are not required to earn the amount of your award and there is no penalty if you earn less.

Earnings are paid to students via biweekly paychecks and are intended to assist with books, supplies, and personal expenses. Students should not anticipate using work-study earnings to pay the College for expenses like tuition and fees or room and board charges. Federal Work Study will not appear as an expected financial aid credit on your bill. Instead, employment earnings are paid directly to the student as they are earned.

What types of loans are available?

Visit the Loans section of our website for more information about federal, institutional, and private loan programs. You can also visit studentloans.gov for more information about the Federal Direct Loan Program.

Applying for and Renewing Financial Aid

How do I apply for financial aid?

All domestic students who have received need-based financial aid  are required to complete the CSS PROFILE (for institutional aid only). Students who wish to apply for federal and state aid must also complete the Free Application for Federal Student Aid (FAFSA). Additional documents may be required based on the information you provide in your application.  Generally, new and continuing students must  submit signed copies of parent(s) completed 2016 U.S. income tax return(s) to the College Board’s IDOC Document Imaging Service to begin the evaluation of their financial aid eligibility.

What is federal verification?

Verification is a process where the Financial Aid Office reconciles all the data reported on your financial aid application with supporting documents such as: signed copies of federal tax returns, W-2 forms, 1099, and signed statements of assets, untaxed income or identity verification.

  • Both the Department of Education and/or Scripps College may select a student for verification. This means families must submit tax information and other documents to our office to ensure accuracy. If you have been selected for verification, we will post the required items as missing requirements to your Financial Aid portal. We cannot accept 1040 federal tax returns as fulfillment of the verification requirement. Instead, you can fulfill the tax return obligation by using the IRS Data Retrieval Tool on the FAFSA once your tax return is completed; or you can request a 2016 Tax Transcript from the IRS website (irs.gov).
  • Verification does not result in a change of aid unless information submitted does not match what was initially reported on your FAFSA.
  • We will NOT disburse aid to your student account until all required verification documents have been submitted and reviewed by the Office of Financial Aid.

How will I know if you have received my financial aid documents?

When admitted, you will be given access to the My Financial Aid Portal to view your documents and messages. This will be an important tool to keep you connected to the process, as documents are added at various stages of the application and awarding process. Prior to admission, prospective students can check their admissions applicant status page to see the status of their financial aid documents.

I did not qualify for any need-based financial aid. What are my options?

You and your parents may need to borrow, use current income and/or pay over time using the Scripps College payment plan. For your specific options, please contact the Office of Financial Aid.

Will the student receive the same aid each academic year?

Because a family’s financial resources can vary from year-to-year, students and families must re-apply for financial aid each year. If the family’s financial circumstance remain relatively stable from year-to-year, the Estimated Family Contribution (EFC) should remain fairly stable.  If a family’s financial circumstances change from year-to-year (e.g., changes in income, changes in assets, changes in number of siblings who are undergraduates in college), then the EFC will change.

Families should note that the cost of attendance will change each year.  Historically, this change has been approximately 3 to 4 percent each year. In addition, the maximum annual amount of need-based student loans you will receive in your financial aid award will change each year. We cannot guarantee your financial aid award will not change in future years; however, for families whose financial circumstances do not change year-to-year, the amount of need-based grant aid will generally remain the same or increase slightly.

If a family experiences a change in circumstance during the academic year, the student should contact the Office of Financial Aid for more information.

What is Satisfactory Academic Progress?

Scripps’ Satisfactory Academic Progress (SAP) guidelines are outlined in detail in the Scripps College Course Catalog. We encourage you to review these guidelines and contact our office with questions. In short, SAP requires that students:

  • Maintain a minimum cumulative 6.0 GPA (on a 12.0 scale)
  • Successfully complete a minimum of 67% of the courses attempted on a cumulative basis.
  • Complete your degree objective within 4-years for Scripps College and within 6-years for federal aid.

What happens to my financial aid if I withdraw from Scripps College

Financial aid recipients, who change their enrollment status during the institutional refund period or who drop all of their courses any time during the semester are required to notify the Office of Financial Aid. Students who are recipients of Title IV federal student aid are covered by federal Return of Title IV Funds (R2T4) regulations.

Financial aid is awarded to a student under the assumption that the student will attend for the entire period for which the assistance is provided and thereby “earn” the award. When a student ceases academic attendance prior to the end of that period, the student may no longer be eligible for the full amount of federal, state or institutional funds that the student was originally scheduled to receive.

If a Title IV recipient withdraws from all classes on or before the session is 60 percent complete, based on their withdrawal date, federal policy requires that any “unearned” Title IV federal student aid be returned to the U.S. Treasury, even if the student is not entitled to a refund of tuition.

Institutional Funds are considered to be earned after the first 30-days of instruction. Students who withdraw on or before the 30th day of instruction and receive a tuition refund, will have their institutional aid recalculated based upon their lower tuition expense.

For more information, please review the Scripps College Catalog section on Withdrawal Implications for Financial Aid and Scholarship Recipients.

My Financial Aid Award

When will I know if I will receive financial aid?

If you are admitted to Scripps College and have applied for aid, you will receive a financial aid award offer along with your offer of admission.

What kinds of funds will be included in my aid award?

If you receive financial aid, your award will normally include grants, loans and student employment, as well as any outside scholarships you earn.

If I qualify for aid, how much assistance will I receive?

We are committed to meeting 100 percent of the demonstrated need of each aid applicant based on an individual evaluation. We make this determination using the information you provide on your financial aid application and take into consideration any special circumstances you may have told us about.

How do I accept my award?

If you are admitted to Scripps College, you will be given access to your online financial aid award at My Financial Aid. You will be able to view, accept and/or decline your award on this site.

How do I know if I am still missing required documents?

The status of all documents, received or still missing, may be reviewed on the “Documents” tab of your Financial Aid Portal. Remember to check your documents tab often for requirements that may have been recently added.

If my aid award includes student employment, how many hours per week will I work?

We typically expect first-year students to work 8-10 hours per week. For more information on student employment contact Career Planning & Resources.

What if I receive an outside scholarship?

If you receive an outside scholarship at any time before or during the academic year, you must notify the Scripps College Financial Aid Office. Federal, state and institutional regulations require the Financial Aid Office to consider all student and parent income, assets and outside resources when determining your eligibility for financial aid.

Institutional policy states that outside scholarships will first replace the student’s self-help (loans and/or work study) awards where available, thus reducing the amount a student may need to borrow or work. Following the reduction of self-help aid, we will also allow outside scholarships to help cover your minimum student income contribution. If the total of your outside scholarship(s) exceeds your self-help awards and student contribution, we may be required to reduce other forms of aid including Scripps Grant.

What if I have special circumstances and wish to appeal my financial aid offer?

An appeal should be submitted when a family can document a significant change in financial circumstances, or if you believe there are special circumstances that were not included/considered on your initial aid application. Please review our page on Appeals and Special Circumstances for detailed information.