Student Financial Aid Dashboard Timing and Limitations
Overview
When we talk about financial aid, most people assume we mean grants and scholarships, or the “free money.” It is important to understand, however, that financial aid includes all sources of funding to pay for a student’s required educational expenses. That means loans and work-study, much like grants and scholarships, are forms of financial aid as are fee remissions, 3rd party contracts, and other programs (veterans/military benefits, AmeriCorps).
Financial aid includes not only funding to cover direct costs such as tuition, fees, and housing, but also support that is paid directly to students that they can use for indirect costs like food, transportation, off-campus housing, etc.
Close to $1B in financial aid flows through our system every year.
Sources of financial aid include:
- Federal Aid
- State Aid
- Institutional Aid
- Private Resources
Types of fInancial aid include:
- Scholarships / Fellowships
- Grants
- Department Awards
- Work-Study
- Loans
- Fee Remissions
- Waivers
- 3rd Party / Other
Student Financial Aid Dashboard Timing and Limitations
- New data is released in December the following year.
- The academic year 2021-22 includes data from fall 2021, spring 2022, summer 2022; the data is released in December 2022.
- Income data is not adjusted for inflation.