FINANCING
EDUCATIONYOURINVEST IN YOUR FUTURE
– ANIA SALCEDO ’22 ART INTERNATIONALHISTORY, STUDIES
Attending college is a serious and exciting investment in your future — for you, your family, and St. Catherine University.
St. Kate’s offered the best financial aid and the most attention and support. I wouldn’t have been given this much support if I’d gone to a larger school.
STUDENTSOF100%OURFIRST-YEARRECEIVEFINANCIALAID
We are committed to investing in your potential and helping you find the resources to make a St. Kate’s education affordable.
• Select payment option and/or sign up for payment plan.
Financial aid comes in three forms: grants and scholarships, which don’t have to be repaid; loans, which must be repaid; and work study.
• Respond to any request for additional information and complete any paperwork sent to you to finalize your financial aid offers.
JUNE–AUGUSTMARCH–MAYDECEMBER–FEBRUARYOCTOBER–NOVEMBERAUGUST–SEPTEMBER
• If your FAFSA is complete, watch for your financial aid offer letter to arrive in the mail. Offers will be mailed to admitted students on a rolling basis.
• Attend one of our Financial Aid and Student Life programs on Saturday, January 28, 2023 or March 11, 2023.
• For priority consideration, submit your FAFSA by April 15.
FINANCIAL AID TIMETABLE
• Call your admission counselor to go over your financial aid offer and complete a Cost Estimation Worksheet.
• Submit your completed student employment application by the posted deadline.
• Conduct an outside scholarship search. Visit stkate.edu/outsideaid for resources.
STEP 2 As early as October 1 complete your FAFSA online at studentaid.gov using your family’s financial information. Be sure to include St. Kate’s code (002342) on the list of schools receiving your FAFSA information.
• Attend financial aid information sessions at your high school and discuss financial aid with your admission counselor.
• Submit any requested documentation to complete your financial aid application.
• Apply for admission online at stkate.edu/apply and submit required materials.
• Submit your $200 deposit to secure your spot at St. Kate’s. May 1 is the national college decision deadline.
• Attend our New Student Registration program to enroll in fall semester courses.
• Notify our financial aid office of outside scholarships received.
STEP 4 You must resubmit your FAFSA annually by April 15 to be considered for need-based financial assistance throughout your college years.
STEP 3 Once you’re accepted to St. Kate’s and your FAFSA report is reviewed, you will receive a financial aid offer listing the types and amounts of assistance you are eligible to receive during the academic year. You are automatically considered for scholarships, grants, employment opportunities, and low-interest student and parent loans when your financial aid package is prepared by one of our financial aid counselors. Financial aid packages will be sent out as early as the last week of December.
• Attend New Student Registration and New Student Orientation programs.
• Apply for student and/or parent loans.
• Seek out and apply for outside scholarships.
• Gather your family’s financial paperwork in preparation for completing the FAFSA, which will ask for 2021 tax year income information.
• After October 1, complete the FAFSA online at studentaid.gov. Include St. Kate’s code 002342.
APPLYING FOR AID
DIRECT COSTS* 2022–2023 Full-time tuition..........................$46,976 Standard room and board.............$9,900 Student fees....................................$894 TOTAL......................................$57,770 *Costs do not include books or personal expenses.
STEP 1 Apply for admission to St. Catherine University.
• $3,000/year for four years
Presidential Scholarship
Dean’s Scholarship
OUR NEIGHBORS
ACADEMIC
• $30,000/year for four years
For students whose parent or grandparent graduated from St. Kate’s.
St. Catherine of Alexandria Scholarship
• Min. of $10,000/year for four years
• $2,000/year for four years
VENTURE SCHOLARSHIP
• $5,000/year for four years
For African-American semifinalists or finalists in the National Achievement competition.
• $2,500/year for four years
For consideration, apply for admission and submit all supporting materials by November 15.
• A one-time scholarship of $600
ST. CATHERINE SCHOLARSHIP FOR NATIONAL MERIT SCHOLARS
LEGACY
ST. CATHERINE MERIT SCHOLARSHIPS
• $27,000 – $29,000/year for four years
ST. CATHERINE SCHOLARSHIP FOR NATIONAL MERIT, NATIONAL ACHIEVEMENT, OR NATIONAL HISPANIC COMMENDED STUDENTS
Our most prestigious scholarship program based on outstanding academic performance, extraordinary artistic or musical talent, or excellence in extracurricular accomplishments. Twenty-five students will be selected as Sister Scholar finalists, with one student chosen as the Sister Scholar receiving full tuition and fees for four years. All Sister Scholar finalists will be eligible for an additional scholarship.
ACHIEVEMENT
• $2,500/year for four years
• $2,500/year for four years
DUPLIKATE SCHOLARSHIP
• $2,000/year for four years
ALUMNI REFERRAL SCHOLARSHIP
• $31,000 – $32,000/year for four years
TRIPLIKATE SCHOLARSHIP
ST. CATHERINE SCHOLARSHIP FOR NATIONAL HISPANIC SCHOLARS
For commended students in the National Merit, Achievement, or Hispanic competition.
For students whose parent and grandparent graduated from St. Kate’s.
For students with legal residence in Montana. To be eligible, students must complete the Free Application for Federal Student Aid (FAFSA).
For students who are legal residents of the United States, not residing in Minnesota or Montana, and not graduating from a Minnesota high school. Students are encouraged to complete the Free Application for Federal Student Aid (FAFSA).
Eligibility for the scholarships above are based on academic achievement and potential after a complete review of the student’s application for admission and supporting materials.
SOPHIA BROUGH KAMPFER
SCHOLARSHIP FOR MONTANA STUDENTS
For semifinalists or finalists in the National Hispanic Scholar competition.
There are two kinds of scholarships: those awarded by St. Catherine University and those from outside sources. Our merit scholarship program is based on your potential, talents, achievements, and contributions. For priority consideration, apply for admission by February 15. St. Kate’s scholarship amounts are not affected by outside scholarships.
For semifinalists or finalists in the National Merit competition.
ST. CATHERINE SCHOLARSHIPS FOR NATIONAL ACHIEVEMENT SCHOLARS
SISTERS OF ST. JOSEPH OF CARONDELET FOUNDERS SCHOLARSHIP PROGRAM
For students who receive an alumni referral card from an alumni of St. Kate’s. Cards must be submitted with admission application materials.
What job opportunities are available to me?
How is financial need determined?
In addition to merit scholarships for which you may qualify, students can help meet college costs through a federal student or parent loan program or a job on or off campus.
Students offered work-study may use St. Kate’s Priority Job Placement program or apply for jobs in their first year via KatieCareer by Handshake.
Merit scholarships are renewable, provided you stay enrolled full time and make satisfactory academic progress toward your degree. You must reapply for need-based financial aid each year.
What will my financial aid package look like in subsequent years?
Assuming your family’s financial circumstances remain consistent from year to year, you can expect a similar level of aid for each of your undergraduate years, subject to federal and state regulation and appropriation. You must also meet application deadlines and maintain satisfactory academic progress as outlined in the financial aid policy section of the St. Kate’s catalog.
We want to make sure you understand how your financial aid works. Attend a Financial Aid & Student Life Day event January 28, 2023 or March 11, 2023 to go over your financial aid offer with an admission counselor. Plus, learn about student activities and living on campus!
How is financial aid offered?
A financial aid offer includes grants and/or scholarships, student loans, and on-campus work for students who qualify, and it is prepared by one of our financial aid counselors. A student is not required to accept a job or loan to receive a scholarship or grant.
What is the FAFSA?
To apply for student financial aid, you must complete the Free Application for Federal Student Aid (FAFSA) every year. File as soon as possible after October 1 of your senior year of high school. St. Catherine University FAFSA code is 002342.
The Expected Family Contribution (EFC) is used to determine a student’s eligibility for aid. The EFC is parental contribution plus student contribution. Expected parental contribution is based on income and assets, family size, and number of children in college. Student contribution is derived from income, savings, and other assets. If your EFC is less than your total cost of attendance, you are considered to have financial need. St. Kate’s will meet as much of this need as possible through a combination of St. Kate’s scholarships and grants; state, federal, and private grants; student loans; student employment (work-study); and low-interest student and parent loans.
How can I finance my education if my family doesn’t qualify for need-based aid?
Need as established on the FAFSA.
Eligibility Criteria
Academic excellence; need as established on the FAFSA.
Up to $13,762 per year based on 2022–2023 funding
Minnesota residency; need as established on the FAFSA. Subject to legislative change.
Need as established on the FAFSA.
Name of Award Amount
Send Her to a Women’s College.
• Money Management Program
• Internet access
* Forbes, 2021. Want Your Daughter to go to the C-Suite?
QUALIFYING FOR GRANTS
You are automatically considered for the following grants when your financial aid package is prepared by one of our counselors. For priority consideration, apply by April 15.
Up to $4,000 per year
FEDERAL PELL GRANT
ST. CATHERINE GRANT Varies by need Need as established on the FAFSA.
ADVANTAGES OF A WOMEN’S COLLEGE
Varies; amount covers origination and default fees on amount of PLUS loan up to cost of attendance
MINNESOTA STATE GRANT
Note: You may submit the FAFSA after October 1.
Graduates from women’s colleges make up just 2% of the entire female college graduate population, yet comprise 20% of women in Congress and 30% of a Businessweek list of rising women in corporate America.*
ST. KATE’S PARTNERSHIPPARENTGRANT
First-year students participate in a jobplacement program by submitting their application to a student employment coordinator. Priority placement to those with federal or state work-study.
ALLISS FOUNDATION GRANT Up to $2,000 per year
Available only to those receiving the Federal Parent PLUS loan.
Our free, award-winning money management program helps students learn to budget and save, both in college and beyond. Sessions cover everything from credit cards to car insurance. Students can start implementing the tips right away, saving money for themselves and their family.
The PartnershipParentGrant, unique to St. Kate’s, covers origination and default fees on Parent PLUS loans.
• Cable, phone, and utilities (in residence halls)
Up to $6,895 per year based on 2022–2023 funding
MONEY-SAVING TIPS
ADDED VALUE
• One-on-one career counseling
• Laundry
FEDERAL GRANTEDUCATIONALSUPPLEMENTALOPPORTUNITY(SEOG)
Employment Opportunities
Sometimes little things make a big difference. That’s why we offer the following at no extra charge to you:
STUDENT EMPLOYMENT/ CAMPUS WORK STUDY Varies. $3,000 per year average
FREE SERVICES
Must be accepted to the nursing program and sign a promissory note at the beginning of that year.
• Visit stkate.edu/scholarships.
petersons.com
• Contact our admission office at 651-690-8850 or 800-656-5283.
Investigate
APPLYING FOR LOANS
You can help with college expenses by working part-time on campus or in the community. Students who work just 7 hours a week each semester can earn $3,000 or more per year. Open positions are posted on KatieCareer, our online job source. You’ll be paid at a rate higher than the federal minimum wage, and make valuable connections with other students, faculty, and staff.
Repayment begins nine months after graduation at 5% interest. Loan must be repaid within 10 years.
$31,000
FEDERAL DIRECT PLUS PARENT LOAN
Talk
Up to $5,500 total for the first year between the subsidized and unsubsidized loan
• whether your parents’ employers, religious affiliations, or area community groups offer scholarships.
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Up to the cost of minusattendance,otheraid
Subject to individual lender terms and conditions.
FEDERAL UNSUBSIDIZEDDIRECTLOAN
Use FASTWEB,
studentaid.gov
EDUCATIONALTERNATIVELOANS
• to your high school counselor.
Financial aid resources
FEDERAL SUBSIDIZEDDIRECTLOAN
Normal monthly repayment begins 60 days after the final disbursement of the year at a fixed rate of 6.54% based on 2022–2023 year. Payments may be deferred until six months after graduation. Loan must be repaid within 10 years.
Loans Amount Application Process Repayment Terms
Interest does not accrue while borrower is in school. Repayment begins six months after graduation. Loan must be repaid within 10 years.
Loan Approvalwithinformationapplicationsentofferletter.subject to credit check.
FEDERAL NURSING LOAN per$500–$1,500year
A variety of loan programs are available to students and parents. Most student loans are offered at low interest rates with repayment deferred until after graduation. You will receive detailed information about each loan program and any required paperwork with your financial aid offer letter.
Loan withinformationapplicationsentofferletter.
Loan withinformationapplicationsentofferletter.
Average grant and scholarship for first-year students who applied for aid and enrolled:
Up to $3,500 for the first year
Online Free Application for Federal Student Aid (FAFSA).
• the free scholarship search service, at fastweb.com.
Finding outside scholarships
Links to information about student financial aid.
ohe.state.mn.us Resources from the Minnesota Office of Higher Education.
Comprehensive education resource for college-bound students.
Student’s cost of attendance less other aid received Must independentlyapply with lender. Approval subject to credit check.
Student employment
Interest accrues while borrower is in school. Repayment of principal begins six months after graduation. Fixed rate of 4.99% based on 2022–2023 year. Loan must be repaid within 10 years.
STATEMENT ON NONDISCRIMINATION St. Catherine University admits students regardless of race, color, national, and ethnic origin, sexual orientation, age, religion, creed, disability, marital status, status with regard to public assistance, membership, or activity in state or local commission and sex* to all rights, privileges, programs, and activities generally accorded to or made available to students at the University. The University does not discriminate on the basis of race, color, national, and ethnic origin, sexual orientation, age, religion, creed, disability, marital status, status with regard to public assistance, membership, or activity in state or local commission and sex* in its education policies, programs, and activities. *The College for Women admits only women to its undergraduate programs. QUESTIONS? CONTACT US! 651-690-8850 | St.2004Officeadmissions@stkate.edu800-656-5283|stkate.eduofAdmissionF-2RandolphAvenuePaul,MN55105-1794 St. FAFSAKate’sCode002342 © 2022 St. Catherine University 01-002-722 NON-PROFIT ORG. U.S. POSTAGEPAID TWIN CITIES, MN PERMIT NO. 822
