Student Financial Services General Information
- Billing Information
- Important Reminders
- Application Procedure
- Determining Your Financial Need
- Payment Options
- Satisfactory Academic Progress
- Refund Policy
Billing Information
All student bills are mailed to the student's home address. Duplicates can be sent to the student on campus or to an additional address off campus. You can sign up for duplicate billing by contacting the Registrar’s Office.
Bills for the first semester are mailed around July 15th and are due in Student Financial Services by August 10th. Bills for second semester are mailed around November 15th and are due in the Student Financial Services by December 10th.
Important Reminders
- Saint Joseph's College will attempt to meet the financial need of students wishing to attend the College by combining scholarships, grants, loans, and work. The ratio of each type of aid in an award will vary according to individual circumstances.
- Financial aid awards are made as applications are received. Renewal awards for current students are made in spring and early summer for the next school year. There is a priority date of March 1st for receipt of applications and forms. Materials received after this date will be handled on a first come-first served basis subject to availability of funds.
- Financial aid is awarded for one academic year only. All financial aid must be renewed on a yearly basis. In order to be considered eligible for financial aid in a subsequent year, a student must continue to demonstrate financial need (except for academic scholarships) and must maintain Satisfactory Academic Progress. Satisfactory Academic Progress is defined as advancing a grade level each academic year.
- Complete and submit the Free Application for Federal Student Aid (FASFA) by March 1st (annually) to determine eligibility for state and/or federal aid programs.
Application Procedure
To be considered for financial aid a new student must:
- Have been accepted by the College.
- Have completed a Free Application for Federal Student Aid (FAFSA) prior to March 1st and listed Saint Joseph's as a recipient college on the form. The SJC FAFSA school code is 001833.
To be considered for financial aid a current student must:
- Maintain Satisfactory Academic Progress
- Have completed a Free Application for Federal Student Aid (FAFSA) prior to March 1st and listed Saint Joseph's as a recipient college on the form. The SJC FAFSA school code is 001833.
Determining Your Financial Need
By "need" we mean the difference between what you and your family can afford to pay as established by the analysis of the FAFSA and the costs of the College.
In order to determine need, a student must complete a Free Application for Federal Student Aid (FAFSA). Once the College receives valid results of the FAFSA and the application procedure is complete, your need is determined by taking SJC's tuition and fees minus the Expected Family Contribution (EFC) listed in your FAFSA. The resulting figure is the student's estimated financial need.
Cost of Attendance - Expected Family Contribution (EFC) = Financial Need
Payment Options
There are a variety of ways to pay for a Saint Joseph's College education. Many of them are reflected in the Award Letter. This is sent to the student after he/she has been accepted to Saint Joseph's College and has applied for any scholarships for which he/she is eligible. The Award Letter itemizes the costs of attending SJC and any "credits" that will be applied to the student's account. This includes:
- Gift aid: Aid that does not have work stipulations and/or does not have to be repaid. Examples are federal, state, and SJC grants and scholarships.
- Self-help aid: Aid that is earned through work-study allotments and loan eligibility. Examples are the Federal Stafford Loan and the Perkins Loan.
Credits are subtracted from the overall cost of attending SJC, and the amount left over is the student’s balance, which must be paid at the start of each semester.
SJC offers a variety of ways for students and their families to pay tuition:
- Tuition Management Systems Payment Plan
- Payment by Credit Card
- Parent Loan for Undergraduate Students (PLUS)
- Alternative Loan Options
Satisfactory Academic Progress
"Satisfactory Academic Progress" is defined as advancing a grade level each academic year. The Higher Education Amendments of 1976 and 1986 and the State Student Assistance Commission of Indiana require that a student receiving federal or state financial aid must make Satisfactory Academic Progress. The College also has implemented such a policy for the renewal of institutional financial aid.
At Saint Joseph's College, the Academic Cabinet has determined that any student on academic probation is not considered to be making satisfactory progress. A student attending SJC on a second consecutive semester of probation is not considered to be making satisfactory (or normal) progress; therefore, he/she will not be eligible for financial aid until he/she has demonstrated satisfactory progress or exceeds the minimum requirement for renewal of previously received aid. The programs affected by this policy include but are not limited to:
- Pell Grant
- Academic Competitiveness Grant
- National S.M.A.R.T. Grant
- Perkins Student Loan
- Supplemental Educational Opportunity Grant (SEOG)
- Federal Work-Study (CWS)
- Stafford Student Loans
- State of Indiana programs
- PLUS Loans
- All Saint Joseph's College financial aid
Normally, a student maintaining Satisfactory Academic Progress will assure completion of degree requirements within a reasonable period of time (usually four years), as determined by the Financial Aid Committee of the College.
Refund Policy
Institutional Refund Policy
- Through the first calendar week of the semester - 90%
- Within the second calendar week of the semester - 75%
- Within the third calendar week of the semester - 50%
- Within the fourth calendar week of the semester - 25%
- After the fourth calendar week of the semester - None
The above schedule applies to tuition, mandatory fees, and room and board rates for students voluntarily withdrawing from the College. All financial aid that does not have a mandated refund policy will also be adjusted based on the above percentages. Currently, this applies to all institutional and other non-governmental grant aid that a student receives.
Federal Refund Policy (return of Title IV funds)
Students who completely withdraw from college on or before the 60% point in the semester and receive Title IV funds are required to return the unearned portion of those funds. The amount earned is based on the period the student was in attendance based on the official withdrawal date of the student.
Students who complete 60% of the semester are entitled to keep all Title IV disbursements.
The term "Title IV Funds" refers to the following federal financial aid programs:
- Federal Family Education Loans (Subsidized and Unsubsidized)
- Federal Family Education PLUS Loans
- Federal Supplemental Educational Opportunity Grants (FSEOG)
- Federal Perkins Loan
- Federal PELL Grant
State Student Assistance Commission of Indiana (SSACI) Refund Policy
Students who completely withdraw from the College before completing the fourth week of classes are ineligible for all State of Indiana grants for the semester. State grants that have been applied to a student's account will be reversed and the funds returned to SSACI. State of Indiana grants include the Indiana Higher Education Award, the Freedom of Choice grant, and the 21st Century Scholars Award.
