frequently asked questions
WILL I BE ABLE TO AFFORD A PRIVATE UNIVERSITY?
A common concern among parents and prospective students centers around the cost of a private education. You may be wondering whether or not you can afford an education at Huntington University.
Keep in mind the stated price of a private college education is often misleading. The more expensive the college, the more aid you may qualify for to make up the difference between what your family is expected to contribute and the price. Because the need is greater, the financial aid is greater.
More than 90 percent of our students receive financial aid.
HOW DO I APPLY FOR FINANCIAL AID?
You must be accepted for admission at Huntington University before you can receive financial aid consideration.
Complete the Free Application for Federal Student Aid (FAFSA) as soon after January 1 as possible.
a. Pick up a FAFSA from your high school guidance office or from Huntington University or file the FAFSA on the Web by going to www.fafsa.ed.gov.
b. Use your previous year's income tax returns to complete the FAFSA.
c. List Huntington University as a school to receive your financial aid information. Our Federal School code is 001803.
d. Indiana residents must file the FAFSA and it must be completed by March 10th (we suggest using March 1st as your deadline).
e. Out-of-state residents are encouraged to file the FAFSA prior to March 1 in order to receive maximum consideration for aid.
f. If you did not list Huntington University on your FAFSA, submit a copy of your student aid report to the Financial Aid Office.
Respond promptly to any requests made for additional information or documentation.
WHAT IS THE PURPOSE OF FINANCIAL AID?
The primary purpose of the financial aid program at Huntington University is to provide assistance to students who wish to benefit from a higher education but cannot afford to do so without help.
Federal aid programs are designed under the assumption that parents will, to the extent they are able, take the primary responsibility to pay for their children's education. Thus, financial aid programs are designed to help students who show a financial need.
HOW IS FINANCIAL NEED DETERMINED?
Financial need is based on the ability of the student's family to pay for college taking into account such factors as income, assets, debts, and number of family members.
In order to determine your financial need, Huntington uses the Free Application for Federal Student Aid (FAFSA). This will help us determine what your family is expected to contribute toward your education. This figure is known as the Expected Family Contribution (EFC).
The following equation illustrates how financial need is determined:
||Includes: Tuition & fees, room, board, books & supplies, transportation, and personal expense.
||Expected Family Contribution based on FAFSA
||Institutional Methodology (Percentage of need HU is able to meet)
WHAT ARE THE SOURCES OF FUNDS AVAILABLE?
Financial aid can be divided into two categories:
Gift aid is the most preferred source of funding because the awarded amount does not have to be repaid - it is "free money." Funds for gift aid are provided by federal and state governments, private organizations, and college funds. Generally, these funds are awarded in the form of scholarships and grants.
Scholarships and grants are the only sources of financial aid that do not require you to repay or earn the funds received. Grants are usually awarded on a need basis. Scholarships may be awarded based on need, scholastics, performance, religious affiliation, specific majors, etc.
Self-help aid must either be earned or repaid. Employment and loans are the two categories under self-help financial aid. Employment is awarded in the form of Federal Work-Study. A student must earn his/her employment award.
Students may be eligible for the following types of loans:
Federal Direct Loans
Federal Perkins Loan, and
Federal PLUS Loans.
All of these forms of financial aid must be repaid.
Click here for a brief synopsis of types of aid and eligibility requirements.
WHERE CAN I GET MORE INFORMATION?
Write: Financial Aid Office
2303 College Avenue
Huntington, IN 46750
Call: (260) 359-4326,
Other helpful financial aid websites: