What is financial aid?
Financial aid is monetary assistance to help a student cover the cost
of a college education. It is intended to supplement the family
contribution and includes gift aid (scholarships and grants),
low-interest loans and part-time employment.
To help you understand your financial aid package and the financial aid process, we have put together a helpful tutorial video that can be viewed here.
about the different types of financial aid.
What is the purpose of financial aid?
The primary purpose of financial aid is to provide assistance to
students who otherwise would be unable to pursue their education. The
basic premise of financial aid programs is that the primary
responsibility for meeting college costs lies with the student and
parents. The Office of Financial Aid provides aid when the family is
unable to meet the cost of attendance.
How do I apply for aid?
In order to apply for aid at Seton Hall you only need to submit your Free Application for Federal Student Aid (FAFSA). You can do this at www.fafsa.gov. It is recommended that you do this as soon as possible after October 1, but prior to January 15th each year. (If you plan to apply for aid for the summer term, complete the FAFSA for the current year.) Our school code is 002632
Who is eligible for Financial Aid?
In order to receive financial aid an undergraduate student must meet
each of the following conditions:
- The applicant must be a United States citizen or eligible
- U.S. national (includes natives of American Samoa or Swain’s
Island); U.S. Permanent resident who has an I-151, I-155 or I-155C
(Alien Registration Card).
- The applicant must be accepted for admission to Seton Hall
University in an eligible degree granting program or eligible
- The applicant must have demonstrated financial need according to
the needs analysis procedures, for some loan programs.
- The applicant must be registered with the Selective Service if you
are a male 18 to 25 years of age.
What is financial need?
To determine a student's eligibility for financial aid, we calculate a
student's demonstrated financial need. Need is the difference between
the cost of education and what the students and parents might
reasonably be expected to contribute to meet college costs. These
contributions are determined by using the Federal Methodology as
administered by the U.S. Department of Education. Refer to www.fafsa.gov for more information.
Where does the information that is used to calculate need come
The expected parental and student contributions are calculated based on
the financial information provided by the parents and student on the
FAFSA (Free Application for Federal Aid) and a Federal Income Tax
Return. The analysis system attempts to judge how much a family can
realistically afford to contribute, not how much they will pay. The
system is concerned with objective facts of a family's financial
position and not with the family's financial practices. The analysis
procedure is used to determine an expected family contribution based
not only upon income, but upon a variety of other variables as well:
family size, number of family members attending college, taxes paid,
investments, and so forth.
What is the timetable for awarding financial aid?
For incoming students who apply on or before the deadline of March 1
our goal is to begin sending award notifications during the first week
I accepted my loan and need to change the amount. How do I do
Am I eligible for financial aid, if I have defaulted on a
Students who are in default on long-term loans (Federal Perkins Loan,
Federal Family Educational Loans or Direct loans) received from any
postsecondary institution will not be considered for federal financial
aid at Seton Hall University until their default status is cleared.
What happens if I don't want to accept all the financial aid
offered to me?
The financial aid award that is offered by SHU is the total financial
aid offer. You may choose to accept all the financial aid offered or
you may choose to accept only certain individual financial aid
components, such as loans, work, or grants. If one component is
declined no additional aid will be offered to make up for that declined
Are scholarships available through Seton Hall?
Seton Hall University, offers numerous academic and need-based
scholarships to qualified students. The scholarship committees in
accordance with individual scholarship criteria determine these awards.
For a complete list of
Merit-based scholarships are competitive. They are awarded to students
with special talents or accomplishments.
How do I renew my scholarship each year?
Different scholarships have different eligibility requirements. For
example, an academic scholarship requires a minimum GPA of 3.0 while a
Chancellor's Scholarship requires a 3.2. Any student who has met the
eligibility requirements for their particular award will have the
scholarship automatically renewed for the next year. A financial aid
award letter will be sent to the student listing the type and amount of
the award that they are receiving. Students who have not met the
eligibility requirements for renewal of their scholarship will receive
a letter from the Office of Financial Aid. This letter will include
information on how the student may appeal the decision to not renew the
Have I submitted all of my Financial Aid requirements?
These may include items such as: verification forms, tax forms and loan
requirements. The list of requirements is available on PirateNet's
"Profile and Finances" tab and will begin to show financial aid items
needed after your FAFSA has been received at SHU.
You will need to complete a loan
. This form can also be found and downloaded by
logging onto shu.edu under Financial Aid and Forms and Documents.
How will I receive important SHU communications regarding
E-mail is our primary method of communication for all continuing
How do I review the financial aid awards that have been offered
Incoming students will receive a paper Financial Aid Award Notification
via mail, until the deposit is paid. After a deposit is paid, awards
can be viewed through the PirateNet "Profile and Finances" tab. All
continuing students can review their aid on PirateNet, through the
"Profile and Finances" tab.
Is my financial aid affected by academic performance?
Students must meet all Satisfactory Academic Progress guidelines.
Detailed information can be found in our
Satisfactory Academic Progress Policy
Why did I receive the Student Aid Report (SAR)?
Why can't I send in a 1040 tax return to complete the
Your SAR will be sent to you via e-mail if you completed the FAFSA
online. It is sent to you to review what you submit while filing the
FAFSA. If not, call the Federal Student Aid Information Center at
1-800-4-FED AID (1-800-433-3243).
Whom do I contact for problems with the FAFSA?
To check the status of your application call the Federal Student Aid
Information Center at 1-800-4-FED AID (1-800-433-3243).
The federal government has changed regulations concerning the type
of forms that are acceptable for Federal verification. Schools can no
longer accept copies of the 1040 to complete this process. There are 2
ways to confirm income tax data:
- Transfer tax information by using the Data Retrieval process on the
FAFSA. This will link you to the IRS and allow you to transfer income
information into the FAFSA.
- Request a IRS Tax transcript from the IRS. Go to www.irs.gov and
click on the “Order a Return or Account Transcript” link, or call
1-800-908-9946. Make sure to request the “IRS tax return transcript”
and not the “IRS tax account transcript.” You will need your Social
Security Number, date of birth and the address on file with the IRS.
Once you receive the transcript, attach the verification worksheet and
submit it to the office for processing.
Can I use my scholarship for my entire joint degree
University Scholarships are only good for four years and can only cover
tuition for full-time undergraduate enrollment. Therefore, it does not
cover any graduate level enrollment as part of a joint degree program
even if the graduate courses are offered through Seton Hall or a
partner institution. Please note that undergraduate coursework has
course numbers beginning with the number 4 or less. Any course number
starting with a 5 is considered graduate level. If you are taking at
least 12 credits of undergraduate coursework each semester you are
considered full-time. If in your senior year you are taking a
combination of undergraduate and graduate courses as part of a joint
degree program and you drop below 12 undergraduate credits your
University Scholarship will be prorated to cover undergraduate courses
in your senior year and you will be charged separately for graduate
level courses towards which no scholarship funds will be applied.
Please also note that need-based grants awarded to undergraduate
students cannot be applied to cover graduate level course work even as
part of a joint degree program.
Can need-based grants or University Scholarships from Seton
Hall cover my room and board or books?
No, need-based grants or University Scholarships from Seton Hall
University can only be applied to tuition. These funds cannot be used
to cover fees, room and board, books or any other charges. If you
receive multiple forms of financial aid which can only be applied to
tuition and the combined total of these awards exceeds the tuition
charges your awards will be reduced. In this case Seton Hall
scholarships and need-based grants will be the first forms of aid to be
Are Seton Hall Need-based grants automatically
Seton Hall need-based grants are not automatically renewable. Just
because you received the award in a given year does not mean you are
assured of renewal in a subsequent year. All students must file the
FAFSA each year to determine eligibility for renewal. Based on the
results of your FAFSA and available funds, you may see a reduction in
your Seton Hall need-based grant or lose eligibility completely. This
is also the case with all need-based grants from the federal and state
Why has my Seton Hall Scholarship or Grant been
Many financial aid awards are designated to only cover tuition costs
and cannot be used to cover other items such as fees, room and board,
books, etc. Examples of such awards are need-based TAG grants from the
state of NJ, Seton Hall need-based grants, University Scholarships,
tuition remission and some scholarships from outside organizations. If
you receive multiple forms of financial aid which can only be applied
to tuition and the combined total of these awards exceeds the tuition
charges, your awards will be reduced. In this case Seton Hall
scholarships and need-based grants will be the first forms of aid to be