SCHOLARSHIP & FINANCIAL AID
an affordable college
EDUCATION
At Gannon University, we are committed to offering you the best financial assistance package possible. We want your Gannon education to be exceptional and affordable. More than 90 percent of Gannon students qualify for financial assistance. We offer a variety of scholarships, grants and awards that recognize academic and athletic accomplishments, outstanding talents and demonstrated need. As you begin exploring college costs, it’s important to understand the financial aid and scholarship process and the options available to you. Please know that we are here to assist you every step of the way.
FAFSA: GET TO KNOW THIS FORM Free Application for Federal Student Aid (FAFSA)
The FAFSA is the form used by Gannon and almost all colleges and universities as an application for federal, state and university student financial aid. It determines state grant eligibility, as well as eligibility for the federal government’s Pell Grant Program and the Federal Direct Student Loan. File online at fafsa.ed.gov. Gannon’s FAFSA code is 003266. Include this code on your FAFSA to have your information sent directly to us. Your FAFSA can be filed after October 1 of your senior year and is FAFSA CODE required to be on file before any of your need-based
003266
financial aid can be finalized.
the financial aid
PROCESS STEP 1
Apply for outside scholarships. Some resources include: finaid.org, high school guidance office, local newspapers, local community foundations, Army Reserve Officers Training Corps (ROTC) and student or parent employers, clubs and organizations.
STEP 2
Apply online for a Federal Student Aid ID (FSA ID) at https://fsaid.ed.gov. The student (and one parent of a dependent student) must secure a FSA ID, which serves as your electronic signature when filing the FAFSA.
STEP 3
File the Free Application for Federal Student Aid (FAFSA). The FAFSA can be submitted after October 1 of your senior year in high school. File online at fafsa.ed.gov. Gannon’s FAFSA code is 003266. Include this code on your FAFSA to have your information sent directly to us. The recommended filing date for the FAFSA is on or before March 15 of the year you plan to enroll at Gannon. For Pennsylvania residents, the deadline for the Pennsylvania State Grant is May 1 of the year you plan to enroll.
STEP 4
Complete the Federal Direct Student Loan Master Promissory Note (MPN) and Entrance Loan Counseling. While eligibility for a student loan may be indicated on an award letter, securing those funds still requires the completion of a Master Promissory Note. Go to studentloans.gov to complete the application. Your FSA ID is your electronic signature for the MPN. We recommend you submit the MPN by May 15 of the year you plan to enroll at Gannon. Students obtaining a Federal Student Loan are required to complete entrance counseling, also available online at studentloans.gov.
who should apply for
FINANCIAL AID? We’re asked this question all the time. Our short answer: Everyone.
We advise all students, no matter their income level, to complete the FAFSA form so they can be considered for every available resource. While income is an important part of financial strength, many other factors are examined when determining the amount and type of financial assistance you will receive, such as family size, number of siblings in college and assets.
TYPES OF FINANCIAL AID NEED BASED GRANTS PROGRAM
AMOUNT
HOW AWARD IS DETERMINED
HOW TO APPLY
Pennsylvania State Grant
$508-$4,318
Federal Pell Grant University Grant
$606-$5,920 Varies
Pa. residents; need-based according to state formula Need-based according to federal formula Need-based
File FAFSA* prior to May 1 File FAFSA File FAFSA
Federal Supplemental Educational Opportunity Grant (FSEOG)
$500-$4,000
Pell eligible; need-based reserved for continuing students
File FAFSA
LOANS PROGRAM
WHO IS ELIGIBLE
AMOUNT
INTEREST
HOW TO APPLY
Federal Direct Student Loan (subsidized)
Undergraduate students with financial need
Up to $7,000
Fixed, 4.45%
Federal Direct Student Loan (unsubsidized) Federal Perkins Loan/BSN Nursing Loan
Students without financial need Students with greatest need (limited number available) Parents borrowing for a dependent student
Up to $20,500
Fixed, 4.45%
File FAFSA* prior to May 1 File FAFSA
$500-$5,200
Fixed, 5.0%
File FAFSA
Up to the cost of education less aid received Up to the cost of education less aid received
Fixed, 7.0%
File FAFSA and Master Promissory Note
Variable, tied into Prime or LIBOR rate
Contact local lender or Gannon Financial Aid Office
Federal Direct PLUS Loan
Alternative Educational Loans Students with a creditworthy co-signer
EMPLOYMENT PROGRAM
WHO IS ELIGIBLE
AMOUNT TYPE OF WORK HOW TO APPLY
Federal Work-Study Program (FWSP)
Students with financial need
$2,300
Part-time, on-campus File FAFSA and the opportunities Gannon Work-Study Application
Federal Off-Campus WorkStudy Program
Pa. residents with financial need
$2,300
Part-time community File FAFSA and the service Gannon Off-Campus Work-Study Application
*Free Application for Federal Student Aid
Gannon University
INSTITUTIONAL AID
Gannon University has a wide variety of merit-based, need-based and athletic financial awards. Our generous merit-based scholarship program recognizes a student’s outstanding performance in the classroom. Students accepted to Gannon will receive notification of academic and merit awards they qualify for with their acceptance letter from the Gannon University Admissions Office. Students who apply for financial aid at Gannon University are automatically considered for Gannon’s need-based grants. Student-athletes should contact Gannon’s athletic office for information on scholarships in their chosen sport.
EDUCATION financing your college
In most cases, you do not have to complete a scholarship application to be considered for Gannon awards. However, achievement-based scholarship competitions for some majors do require completion of an additional application, as do the Schuster arts and music awards. Please review the list of Gannon scholarship opportunities on the following page to see which may be applicable to you.
let’s talk about
SCHUSTER Patron of the Arts Scholarship
Annually, the Schuster family and Gannon University are proud to offer 10 scholarships to qualified students who make the arts an integral part of their lives. Some students demonstrate commitment to the arts actively by composing, performing or creating. William Schuster created an endowment for these scholarships in loving memory of his wife Frances, who was deeply committed to the arts. Students who are awarded a scholarship receive $2,500 annually, with the total value of $10,000 earned over four years at Gannon. Full-time enrollment at Gannon and your participation of 50 hours a year at a community arts organization are required to ensure renewal of the Schuster Patron of the Arts Scholarship.
Memorial Music Award The Schuster Memorial Music Award was endowed by William Schuster to encourage musicians and vocalists to continue their creation of music at the college level as they pursue more than 60 undergraduate degrees offered at Gannon. The scholarship rewards qualified students for their music and vocal ability with $1,000 awarded annually, a total value of $4,000 earned over four years at Gannon.
STUDENTS ARE ELIGIBLE TO APPLY AND RECEIVE BOTH SCHOLARSHIPS. For questions regarding these scholarships, please call the Office of Admissions at 1-800-GANNON-U (1-800-426-6668) or visit gannon.edu/admissions.
SCHOLARSHIPS AND GRANTS ACADEMIC AND MERIT SCHOLARSHIP/AWARDS Gannon University Scholarship/Awards*
$7,000-Full Tuition All students who are accepted to the University qualify for a Gannon scholarship/award. The amount awarded is based on academic merit as well as SAT/ACT scores. Students who perform exceptionally well may have the opportunity to increase their scholarship/award amount and receive either the Presidential or Founders Scholarship.
Presidential Scholarship*
Full Tuition
Eligible candidates must apply and be accepted to the University by December 15, 2017. The top 10 percent of accepted students by this date will be invited to compete in a scholarship contest with the ability to earn a full tuition scholarship. Details of the scholarship contest are included with students’ acceptance letters.
Founders Scholarship*
Initial Award Increased by $1,500
All students who are invited and choose to participate in the above mentioned contest will have their Admissions merit award increased by $1,500. Up to the top 10 participants in the scholarship contest will receive full tuition scholarships. Details of the scholarship contest are included with students’ acceptance letters.
Catholic Forensic League of the Diocese of Erie
Varies
Based on placement in competitions
Academic Sports League
Varies
Based on years of participation
DIOCESAN-RELATED AWARDS (ROMAN CATHOLIC DIOCESE OF ERIE, PENNSYLVANIA) Diocesan High School Grant*
$1,500
Awarded to graduates from the Catholic high schools in the Diocese of Erie, Pennsylvania.
Diocesan Parish Grant
$1,000
Awarded to active members of a Catholic parish in the Diocese of Erie, Pennsylvania.
$500-$3,000
Awards are based on students’ performance on exams.
ACADEMIC COMPETITIONS Biology1 Business
$500-$3,000
Awards are based on students’ performance on exams.
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Chemistry
$500-$3,000
Awards are based on students’ performance on exams.
Communication and Language Arts1
$500-$3,000
Awards are based on students’ performance on exams.
Education1
$500-$3,000
Awards are based on students’ performance on exams.
Edward Lamb Model U.N. Scholarship*
$1,000-$3,000
Based on academic merit and participation in Model U.N.
Engineering1
$500-$3,000
Awards are based on students’ performance on exams.
Social Science1
$500-$3,000
Awards are based on students’ performance on exams.
Athletic Scholarship
Varies
Based on demonstrated athletic ability; awarded by the respective athletic coaches.
Catholic High School Grant*
$1,000
Awarded to graduates from any Catholic high school in the U.S. (outside the Diocese of Erie, Pennsylvania).
Phi Theta Kappa Scholarship
Up to $15,000
Available to incoming transfer students who are members of Phi Theta Kappa International Honor Society at their community college, a U.S. citizen and have at least 3.0 college GPA.
ROTC Room and Board Scholarship
Varies
Awarded to winners of the three- and four-year designated Army ROTC scholarships (FAFSA required).
Schuster Memorial Music Award2
$1,000
Based on musical talent demonstrated by instrumental or vocal performance audition.
Schuster Patron of the Arts Scholarship2
$2,500
Awarded to students involved in the arts; February 15 application deadline.
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ADDITIONAL SCHOLARSHIPS
AFTER GRADUATION FROM GU Delaney Medical School Scholarship Fund
Varies
Awarded to students who graduated from an Erie County, Pennsylvania high school and Gannon, and who enroll in an allopathic medical school; award is based on need.
*Must enroll directly from high school. 1 Scholarship competition held during Fall Open House. Please contact the Office of Admissions for more information. 2 These scholarships require completion of the Schuster application.
a valuable
INVESTMENT
A Gannon University education is an investment in your future, a future filled with possibilities. Because our academic program combines a liberal arts education with real-world learning opportunities and attention to faith and values, and because our professors care about you and your success, your education gets results. With your Gannon degree, your life is open to so many possibilities: from starting a professional career to excelling at graduate school serving and helping people around the world. A Gannon University education is a lifelong, valuable investment. It’s an investment that empowers you to believe in the possibilities.
Tuition and Fees Yearly costs for the Fall 2017 and Spring 2018 semesters: RESIDENT Tuition (in & out of state) $30,180* Room (double occupancy) $5,800-$8,100 Connect Fee (required if housing) $330 Board $4,940-$6,000 APB/SGA/Leadership Fee $202 University Fee $550 TOTAL $42,002 to $45,362**
COMMUTER $30,180* n/a n/a n/a $202 $550 $30,932
*Tuition for Engineering, Computer Science and Health Science programs is $32,000 and traditionally require two labs per semester. The average lab fee is $179 per lab. **Total is dependent on room and board preferences.
seeing is
BELIEVING Schedule Your Campus Visit Today! CALL | 1-800-GANNON-U APPLY | gannon.edu/apply EMAIL | admissions@gannon.edu
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WE BELIEVE IN YOUR POSSIBILITIES
do you?