Financial Aid

Financing Your Education & Your Life

At Post University, education is an essential part of your future success. The objective of the financial aid staff at Post University is to work with you and your family to develop a plan to make your education affordable—a commitment that Post University has dedicated itself since 1890. To develop the most comprehensive plan, utilizing all available resources, we encourage students and parents to apply for all available scholarships, federal aid, grants, and loans. Our financial aid staff can deliver a financial aid award letter to you in as few as 7 to10 days after you have completed and submitted all application forms. Financial Aid commitments are made on a first come, first serve basis. A vast majority of students today use some combination of the following to finance their education and day-to-day living expenses:

• Scholarships - Post University Specific
• Scholarships - National Scholarship Search Sites
• Federal Financial Aid
• Loan
• Payment plans (click here to get Financial Aid calculators)
• Other Useful Resources

When you submit your application for admission, it is important that you indicate whether you intend to apply for financial aid. Once the admissions office receives your completed application, you will be contacted to initiate your financial aid application. Only accepted students, whose financial aid applications are complete, will be considered for financial aid awards. To maintain awards, students must demonstrate satisfactory academic progress. Students must refer to the Post University catalog (see page 40) to understand the specific requirements for meeting SAP.

Procedures for Applying for Federal Financial Aid

If you are applying for Federal Financial Aid, you must remember to use Post University's school code on your submission 001401. For fall admissions, it is best to apply by February 15. All other applicants are advised to apply for financial aid immediately after submitting an admission application. For fall admissions, financial aid applicants after February 15 will be considered on a first come, first serve basis. For best results, follow the steps outlined below:

1. The Free Federal Financial Aid Form (FAFSA): Students and parents can easily apply for the FAFSA electronically via www.fafsa.ed.gov. This is the most efficient and effective way to apply for federal financial aid. You will need Post University's school code when applying 001401.
   
2. IRS Form(s) 1040 and Attached Schedules may be requested if you are selected for Verification (see pop up window info). At minimum, students and parents will need their W-2 forms from all jobs held last year, in order to accurately complete the FAFSA.
   
3. Recommended Deadline is February 15. For best results, the FAFSA should be electronically submitted, by this date, via www.fafsa.ed.gov, using the Post University school code 001401.
   
4. It is a good idea to have already applied for the Parent Loan for Undergraduate Students (PLUS) loan prior to applying for Federal Financial Aid. Your financial aid tuition planner will advise and assist you with this process. Once we receive the results of your FAFSA submission, our financial aid staff will send you an award letter outlining the financial plan options available to you.

Financial Need

When students and their parents complete the FAFSA with the Post University school code 001401, the University in most cases will receive an institutional student aid report within 3 days. The federal government determines your financial need through its own methodology.

Application Deadlines

For fall admissions, Post University recommends that students and parents complete the Free Application for Student Aid (FAFSA) by February 15, using our school code 001401. Post University understands that paying for college is the main obstacle in achieving an education and a successful career. Therefore, we encourage you, and the families and guardians involved, to apply for federal aid. For best results apply by our recommended deadline. When contacted by the Financial Aid Office the staff will review with you, the required steps in the process:

• Financial Aid Estimate
• Deadlines
• Documentation
• PLUS loan pre-qualification
• Financial Aid Award Letter - Commitment

Federal Financial Aid Award Letter

As quickly as 7 to 10 days after you apply for federal financial aid on the website www.fafsa.ed.gov, our financial aid staff can issue an official financial aid award letter. This letter will outline the federal financial aid for which you qualify. This may include gift aid first, federal, state and institutional funds that do not have to be repaid. Secondly, self-help aid such as Federal or Institutional Work study are offered, these monies go directly to the student and are not used to pay direct costs to the University, unless provided written instructions to do so. Finally, loans are offered to assist the student and family in paying for school. These monies are disbursed to the University and must be repaid. Loans may come in a variety of forms, such as the Parent Loan for Undergraduate Students (PLUS) as well as other alternative financing options that the student, family, and/or friends may apply for.

Once you receive your financial aid award letter, you and your parents or guardians, have 14 days to sign and return the letter. Award letters may be faxed and/or mailed to the Office of Student Finance to the following contact information.

Contacting Financial Aid

All inquiries regarding financial aid should be addressed to the Office of Student Finance, Post University, P.O. Box 2540, 800 Country Club Road, Waterbury, Connecticut 06723-2540, telephone (203) 596-4527, e-mail: finaid@post.edu.

Other Awards and Scholarships

Post University participates in a number of other federally funded financial aid Programs:

Federal Programs

• Federal Pell Grants
• Federal Supplemental Educational Opportunity Grants (SEOG)
• Federal Work-Study (FWS) Program
• Academic Competitiveness Grant (ACG)
• National Smart Grant (NSG)
• Stafford Loan (Subsidized)
• Stafford Loan (Unsubsidized)
• Federal Parent Loan for Undergrad Students (PLUS)
• Veterans' Benefits

Connecticut State Programs

Post University participates in the following financial aid programs administered by the State of Connecticut:

• Capital Scholarship
• Connecticut Independent College Student Grant

Post University Student Financial Aid Programs

In addition to its participation in federal and state financial aid programs, Post University offers several financial aid programs of its own. These include:

Scholarships and Grants

Scholarship awards have no repayment obligation. However, students are required to maintain specific academic standards to maintain their award. Scholarships are often included as part of a total financial aid package. A number of programs are available to students who are have demonstrated exceptional talents and academic abilities.

2009 Trustee Scholarship

Annual scholarship award:
This academic achievement based scholarship award is $10,000 per year. To be eligible a student must have a minimum GPA of 3.0 and a 1650 SAT or 24 ACT score. This is a renewable scholarship.

2009 Presidential Scholarship

Annual scholarship award:
The Presidential Scholarship is an academic achievement based award of $8,000 per year. To be considered a student must have a cumulative GPA of 2.5 and a 1500 SAT or 22 ACT score. This is a renewable scholarship.

2009 Post Scholarship

Annual scholarship award:
The Post Scholarship is an achievement based award of $6,000 per year that is awarded for academic achievement and leadership qualities demonstrated through participation in various service organizations. The scholarship will be awarded to students who have a minimum cumulative GPA of 2.0 and a 1350 SAT or 20 ACT score. This is a renewable scholarship.

*All awards are renewable for four years contingent upon maintaining a 2.0 cumulative GPA. Scholarships are awarded at the discretion of the Admissions Committee.

Academic Scholarships

Academic scholarships are awarded to students who demonstrate high scholastic achievement throughout their high school or university career. The following academic scholarships are awarded annually and are contingent upon the student's maintaining a specified Cumulative Grade Point Average while at Post, including:

• Edward-David Ruiz Scholarship
• Academic Major Scholarships
• Athletic Grants

Private Scholarships

• Alumni Referral
• Post College Foundation
• Business Women's Forum
• Christopher Pruitt Scholarship
• Damon Palladino Scholarship
• Grace Marafino Scholarship
• Archives Management Scholarship
• Charles Zwicker Scholarship
• Clive Warning Scholarship
• Dean's Scholarship
• Edward/Rose Traurig
• Equine Resource Louis D. Traurig
• Phyllis DeLeo & Jay Alix Rose Traurig Female Athlete
• Stephen Michael Max Traurig
• Raymond LaMoy Athletic Farina Trust Scholarship

These and other scholarships should be applied for annually. Applications will be available March 3rd, 2008 and due back on April 1st. Please contact the Office of Student Finance or your Tuition Planner for further details.