|@St. Norbert March 2009 - Good economic news is in the mail for next year’s incoming students||St. Norbert College|
Jennifer Buresh ’09 knew coming out of high school that she wanted a private education, and she had her heart set on St. Norbert’s education program. With scholarships and other financial aid, she made that dream possible and affordable.
>> Hear in Jennifer's words how she did it
Good economic news is in the mail for next year’s incoming students
Recent headlines have painted a pretty dismal economic picture. It’s not surprising, then, that many families with college-bound students simply rule out a private education because they believe the cost is out of reach. In reality, a private college like St. Norbert can offer bigger scholarships and more need-based aid than many public institutions. That, combined with our four-year graduation guarantee, makes St. Norbert surprisingly good value.
Another reality is that financial aid is readily available. Currently 99 percent of St. Norbert students receive some type of financial aid, with the average award reaching a little more than $19,000. And the news gets even better. For students who file the Free Application for Federal Student Aid (FAFSA) and qualify for need-based aid, the average aid award is $24,280.
Need-based aid is determined by the federal government. Need is the difference between the full cost of attendance – tuition, books, room and board, insurance and other fees – and the amount a family can contribute based on information provided on the FAFSA. Need-based aid comes in the form of grants, loans and work-study.
In addition to need-based aid, most St. Norbert students also qualify for merit-based aid. Scholarships are based on academic achievement. Because they are merit-based, they are available to every student who qualifies for them. This opens up sources of potential funding for a great many students regardless of financial need.
Here’s how the components of an average award package might add up for a student with a demonstrated need of $24,280:
Information programs like those listed above, and indeed on any question of affordability that may stand between prospective students and their dream of a private college education, is available at any time from the financial aid office.