This document provides an overview of financial aid at Mount Aloysius College. It explains that over 90% of students receive scholarships or financial aid, with the average aid package being $10,000. It outlines the types of financial aid including grants, scholarships, loans, and work-study. It provides examples of actual financial aid packages for different types of students. It emphasizes that the actual cost is usually lower than the sticker price due to generous aid. It guides students through applying for financial aid by filing the FAFSA and outlines deadlines and requirements. The financial aid office pledges to work with students to make a private education affordable.

1. FINANCIAL AID 101FINANCIAL AID 101
Taking the mystery out of theTaking the mystery out of the
financial aid processfinancial aid process
Est.Est. 18531853

2. INTRODUCTIONINTRODUCTION
How to pay for college is one of the mostHow to pay for college is one of the most
important decisions a student and familyimportant decisions a student and family
can make. Applying for Financial Aid is acan make. Applying for Financial Aid is a
key step in pursuing a degree. It shouldkey step in pursuing a degree. It should
not be overlooked even if you don’tnot be overlooked even if you don’t
believe you’ll be eligible for financial aid.believe you’ll be eligible for financial aid.
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3. What makesWhat makes
Mount Aloysius CollegeMount Aloysius College
affordable?affordable?
Our tuition and fees are deliberately lower than you will find at otherOur tuition and fees are deliberately lower than you will find at other
comprehensive private colleges. Our scholarships often result in a bottomcomprehensive private colleges. Our scholarships often result in a bottom
line cost that’s less than other private colleges and universities and often online cost that’s less than other private colleges and universities and often on
par with public colleges and universities– and our students graduate on-par with public colleges and universities– and our students graduate on-
time! More than 90% of students receive scholarships and financial aid.time! More than 90% of students receive scholarships and financial aid.
The average aid package based on grants and scholarships isThe average aid package based on grants and scholarships is
approximately $10,000.approximately $10,000.
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4. Sticker Price vs. Actual PriceSticker Price vs. Actual Price
 When calculating the cost of attending MountWhen calculating the cost of attending Mount
Aloysius College, it is important to rememberAloysius College, it is important to remember
that through tuition discounting, no student paysthat through tuition discounting, no student pays
the full sticker price. Through generousthe full sticker price. Through generous
grant/scholarship programs, the actual pricegrant/scholarship programs, the actual price
paid is lower than the published sticker price.paid is lower than the published sticker price.
Students can qualify for a maximum of up toStudents can qualify for a maximum of up to
$18,000 in institutional aid alone.$18,000 in institutional aid alone.

5. Basic types of financial aidBasic types of financial aid
Grants & ScholarshipGrants & Scholarship – money you do not have to repay– money you do not have to repay
LoansLoans – money that must be repaid upon graduation– money that must be repaid upon graduation
Work-StudyWork-Study - on/off campus employment opportunities- on/off campus employment opportunities
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6. Mount Aloysius Participates In…Mount Aloysius Participates In…
 Federal Pell grantFederal Pell grant
 PHEAA state grantPHEAA state grant
 FSEOGFSEOG (Federal Supplemental Educational Opportunity Grant)(Federal Supplemental Educational Opportunity Grant)
 Nursing LoansNursing Loans
 Federal Work-Study ProgramFederal Work-Study Program
 Federal Direct Stafford & PLUS LoanFederal Direct Stafford & PLUS Loan
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7. Mount AloysiusMount Aloysius
Institutional Aid Programs…Institutional Aid Programs…
 Mercy Presidential Scholarship ($14,000/yr. or $56,000)Mercy Presidential Scholarship ($14,000/yr. or $56,000)
 Mount Aloysius Merit Grants/Scholarships ($2,000 to $9,000/yr.)Mount Aloysius Merit Grants/Scholarships ($2,000 to $9,000/yr.)
 Mount Aloysius Commuter & Residential Grants ($1,000 - $1,500/yr.)Mount Aloysius Commuter & Residential Grants ($1,000 - $1,500/yr.)
 Honors Fellowship ($1,000/yr.)Honors Fellowship ($1,000/yr.)
 English Fellowship ($1,000/yr.)English Fellowship ($1,000/yr.)
 Heritage Scholarship ($2,000/yr.)Heritage Scholarship ($2,000/yr.)
 Vox Nova and Theater Scholarships ($1,000/yr.)Vox Nova and Theater Scholarships ($1,000/yr.)
 History/Political Science Fellowship ($1,000/yr.)History/Political Science Fellowship ($1,000/yr.)
 FBLA Scholarship ($1,000/yr.)FBLA Scholarship ($1,000/yr.)
 Biology Fellowship ($1,000/yr.)Biology Fellowship ($1,000/yr.)
 Family Tuition Grant ($2,000/yr.)Family Tuition Grant ($2,000/yr.)
 Saint Aloysius Grant ($1,500/yr.)Saint Aloysius Grant ($1,500/yr.)
 International Student Grant ($10,000/yr. on campus; $6,000/year off campus)International Student Grant ($10,000/yr. on campus; $6,000/year off campus)
 Mounties in High School Scholarship (Dual Enrollment) up to $2,000/yr.Mounties in High School Scholarship (Dual Enrollment) up to $2,000/yr.
 Endowed Scholarships (over 75 Scholarships in various amounts)Endowed Scholarships (over 75 Scholarships in various amounts)
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8. Tuition Exchange
(for students whose parents work at participating
colleges/universities)
Mount Aloysius College is a member institution of the tuition exchange programs offered through the Tuition
Exchange (TE), Inc. and the Council of Independent Colleges (CIC). Through participation in these national
programs, the College provides scholarship opportunities for its employees’ dependents at other participating
colleges and universities.
Tuition exchange scholarships are offered on a competitive basis and are not guaranteed to any applicant at
any time. The tuition exchange scholarship is NOT an automatic benefit of employment like health insurance
or vacation time. Therefore, the tuition exchange program is not considered an employee benefit program.
Scholarships are awarded by the importing institution based on criteria established solely by that college or
university. Most scholarships cover full tuition and exclude fees, course overloads and room and board
charges. However, the value of the award is determined by the importing institution. The Tuition Exchange,
Inc. program is a pooled reciprocal scholarship program not a one-to-one exchange. As a member institution,
the College is obligated to maintain a balance between the numbers of student “exports and imports.”
Therefore, the number of students the College is able to sponsor each year will vary depending upon the
number of renewals and new student imports received from other participating institutions.
The College’s TE balance is based on an import/export formula using data from the most recent five (5) year
period with the goal that a zero balance be maintained. For this reason, the College reserves the right to limit
the number of applications accepted and/or submitted for a given academic year to maintain the integrity of the
program. In addition, Mount Aloysius College generally limits the number of new TE import students to three
(3) each year.

9. Mount Aloysius CollegeMount Aloysius College recognizes that paying for a quality, private liberal artsrecognizes that paying for a quality, private liberal arts
education is a concern for most parents and students. Over the years, to help keep youreducation is a concern for most parents and students. Over the years, to help keep your
college costs reasonable,college costs reasonable, Mount AloysiusMount Aloysius has developed a wide variety of grants,has developed a wide variety of grants,
scholarships, and loan programs to help offset the cost of college. Below are somescholarships, and loan programs to help offset the cost of college. Below are some
examples of aid packages of students atexamples of aid packages of students at Mount Aloysius College.Mount Aloysius College.
Student #1 – Freshman Residential StudentStudent #1 – Freshman Residential Student
from a Pennsylvania Catholic High Schoolfrom a Pennsylvania Catholic High School
Student #2 – Freshman Residential StudentStudent #2 – Freshman Residential Student
from Pennsylvaniafrom Pennsylvania
HS GPA = 3.2
SAT = 1100
EFC (Expected Family Contribution) - $0
Federal Pell Grant $5,920
PHEAA State Grant $2,940
MAC Academic Scholarship $7,000
MAC Residential Grant $1,500
Heritage Scholarship $2,000
TOTAL AID BEFORE LOANS: $19,360
HS GPA = 3.6
SAT = 1200
EFC (Expected Family Contribution) - $10,000
PHEAA State Grant $1,798
MAC Academic Scholarship $8,000
MAC Residential Grant $1,500
TOTAL AID BEFORE LOANS: $11,298
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10. More examplesMore examples
Student #3 – Freshman Commuter Student fromStudent #3 – Freshman Commuter Student from
PennsylvaniaPennsylvania
HS GPA = 3.5HS GPA = 3.5
SAT = 1000SAT = 1000
EFC (Expected Family Contribution) - $0EFC (Expected Family Contribution) - $0
Federal Pell GrantFederal Pell Grant $5,920$5,920
PHEAA State GrantPHEAA State Grant $2,940$2,940
MAC Academic GrantMAC Academic Grant $3,000$3,000
MAC Commuter GrantMAC Commuter Grant $1,000$1,000
TOTAL AID BEFORE LOANS:TOTAL AID BEFORE LOANS: $12,860$12,860
Student #4 – Freshman Commuter Student fromStudent #4 – Freshman Commuter Student from
PennsylvaniaPennsylvania
HS GPA = 3.5HS GPA = 3.5
SAT = 1100SAT = 1100
EFC (Expected Family Contribution) - $5,882EFC (Expected Family Contribution) - $5,882
PHEAA State GrantPHEAA State Grant $2,940$2,940
MAC Academic ScholarshipMAC Academic Scholarship
$3,500$3,500
MAC Commuter GrantMAC Commuter Grant $1,000$1,000
Mercy GrantMercy Grant $1,000$1,000
TOTAL AID BEFORE LOANS:TOTAL AID BEFORE LOANS: $8,440$8,440
HS GPA = 3.8HS GPA = 3.8
SAT = 1250SAT = 1250
EFC (Expected Family Contribution) = $7,242EFC (Expected Family Contribution) = $7,242
Ohio State GrantOhio State Grant $600$600
MAC Academic ScholarshipMAC Academic Scholarship
$8,500$8,500
MAC Residential GrantMAC Residential Grant $1,500$1,500
Mercy GrantMercy Grant $1,000$1,000
St. Aloysius GrantSt. Aloysius Grant $1,500$1,500
TOTAL AID BEFORE LOANS:TOTAL AID BEFORE LOANS: $13,100$13,100
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Student #5 – Residential Student from OhioStudent #5 – Residential Student from Ohio

11. How Do I Get Financial Aid?How Do I Get Financial Aid?
 To make the process of applying forTo make the process of applying for
financial aid as easy as possible,financial aid as easy as possible,
Mount Aloysius College onlyMount Aloysius College only
requires one aid application, therequires one aid application, the
Free Application for FederalFree Application for Federal
Student Aid (FAFSA). This oneStudent Aid (FAFSA). This one
form is used to determine yourform is used to determine your
eligibility for all the aid sources weeligibility for all the aid sources we
offer.offer.
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12. Deadline DatesDeadline Dates
 FAFSA- for the 18/19 award year,FAFSA- for the 18/19 award year,
students can begin filing the FAFSA onstudents can begin filing the FAFSA on
October 1.October 1.
 The Pennsylvania State Grant deadline isThe Pennsylvania State Grant deadline is
May 1 each yearMay 1 each year
 Our priority deadline date is April 1Our priority deadline date is April 1stst

13. Preparation for filing the FAFSAPreparation for filing the FAFSA
 Copies of both theCopies of both the
student’s and parents’student’s and parents’
Federal income tax returnsFederal income tax returns
 Copies of both theCopies of both the
student’s and parents’ W-2student’s and parents’ W-2
forms for all jobs workedforms for all jobs worked
 Documentation of untaxedDocumentation of untaxed
income like welfareincome like welfare
benefits, workmen’sbenefits, workmen’s
compensation, childcompensation, child
support, social securitysupport, social security
benefits, etc.benefits, etc.
 Documentation regardingDocumentation regarding
investments and realinvestments and real
estate (excluding yourestate (excluding your
home)home)
 Balances of cash,Balances of cash,
savings and checkingsavings and checking
accountsaccounts
 Documentation of netDocumentation of net
worth of businesses andworth of businesses and
investment farmsinvestment farms

14. HOW TO FILEHOW TO FILE
 Go to fsaid.ed.gov and create an FSA ID.Go to fsaid.ed.gov and create an FSA ID.
 The student and one parent should createThe student and one parent should create
an FSA ID so both can electronically signan FSA ID so both can electronically sign
the FAFSA form.the FAFSA form.
 Once the FSA ID’s have been created youOnce the FSA ID’s have been created you
may then complete the FAFSA (Freemay then complete the FAFSA (Free
Application for Federal Student Aid).Application for Federal Student Aid).
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15. AFTER YOU FILE THE FAFSAAFTER YOU FILE THE FAFSA
WHAT TO EXPECTWHAT TO EXPECT
Once the student completes and submits theOnce the student completes and submits the
FAFSA on-line, the information is processed byFAFSA on-line, the information is processed by
the Department of Education and sent to thethe Department of Education and sent to the
school or schools listed on the college section ofschool or schools listed on the college section of
the FAFSA form. Essentially the samethe FAFSA form. Essentially the same
information submitted on-line is sent to eachinformation submitted on-line is sent to each
school along with the EFC (Expected Familyschool along with the EFC (Expected Family
Contribution). The EFC is the figure used byContribution). The EFC is the figure used by
schools to determine eligibility for financial aid.schools to determine eligibility for financial aid.
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16. AFTER YOU FILE THE FAFSAAFTER YOU FILE THE FAFSA
WHAT TO EXPECTWHAT TO EXPECT
 Once the FAFSA is received by the schoolOnce the FAFSA is received by the school
they will inform the student if any otherthey will inform the student if any other
information is needed to complete theirinformation is needed to complete their
file. It is to their advantage to submitfile. It is to their advantage to submit
requested information promptly.requested information promptly.
 The school will also notify the student ofThe school will also notify the student of
what financial aid he/she will be eligible towhat financial aid he/she will be eligible to
receive. This is called the financial aidreceive. This is called the financial aid
package or award letter.package or award letter.
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17. Additional Scholarship InformationAdditional Scholarship Information
 www.fastweb.comwww.fastweb.com
 www.collegeboard.orgwww.collegeboard.org
 www.schoolsoup.comwww.schoolsoup.com
These websites will make easy work of findingThese websites will make easy work of finding
other scholarships that are available throughoutother scholarships that are available throughout
the United States from different organizationsthe United States from different organizations
and groups.and groups.
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18. Contact UsContact Us
FINANCIAL AID OFFICEFINANCIAL AID OFFICE
1-888-823-2220 or 814-886-63571-888-823-2220 or 814-886-6357
Financialaid@mtaloy.eduFinancialaid@mtaloy.edu
www.mtaloy.eduwww.mtaloy.edu
***This presentation can be found on the college***This presentation can be found on the college
website under Financial Aid.website under Financial Aid.

19. We Are Here to Help…We Are Here to Help…
The financial aid office is here to help youThe financial aid office is here to help you
make a private, liberal arts educationmake a private, liberal arts education
affordable.affordable.
If you are willing to work with us inIf you are willing to work with us in
applying for all grants and loansapplying for all grants and loans
possible, we can help you so that youpossible, we can help you so that you
will only have to pay for books andwill only have to pay for books and
incidentals out of pocket.incidentals out of pocket.