I. Policy

The Quincy College Financial Aid Office assists students in gaining access to available financial assistance to support their educational pursuits. Sources of financial assistance available to students include grants, loans, and work programs from federal, state, private, and institutional sources. Financial Aid is intended to supplement the student and parent’s contribution to college costs and is based on need.

II. Definitions

There are three types of financial aid: grants and scholarships that do not need to be repaid, low interest loans that must be repaid, and part-time employment. Most students receive an aid package that combines several different types of assistance.

Financial Aid eligibility is based on financial need. When a student and their family complete the Free Application for Federal Student Aid (FAFSA), the Department of Education calculates a student aid index (SAI). The Financial Aid Office develops a cost of attendance for each student based on his or her program of study, enrollment status and housing status. The SAI is then subtracted from the cost of education to determine the student’s financial need.

Financial aid is awarded for the full academic year. Returning students must reapply each spring for the following year. New students entering in September should ideally apply by April 1st for aid and new students entering in January should ideally apply by August 1st for spring semester aid. Students must complete Admissions applications first to be considered for financial aid for the school year.

Students must maintain satisfactory academic progress in order to receive financial aid.

Upon completion of a student’s financial aid file, Financial Aid awards will be deducted directly from current charges. Students should apply for financial aid early, and respond to all requests for additional information in a timely fashion.

Students who need help in completing the financial aid forms or need other types of financial aid counseling should contact the College’s Financial Aid Office.

Original: October 1999

Revised: December 2005; July 2023; August 2024