Financial Aid: Your Financial Aid Package
The average financial aid award consists of a student loan, part-time employment through the Federal Work-Study Program, and need-based grants. More than 90 percent of all undergraduate students at SAIC receive some type of aid.
You are not required to accept a loan or job, but each is considered a part of the financial aid required to meet your need. Loans are available through private and government sources. Student loans are available to all who apply for federal assistance. Students who do not qualify for need-based federal student loans may be eligible for other federal loans.
During the 2011–12 academic year, SAIC awarded more than $29 million in assistance from its own funds.
Institutional need-based grants are awarded to students based solely on demonstrated financial need. Students who are U.S. citizens or permanent residents and who complete the financial aid process are considered for these grants.
Some grants may be renewed for students who continue to meet the criteria of financial need (students must submit a FAFSA each year) and satisfactory academic progress at the SAIC. Typically, students need to be enrolled at least half time to receive aid.
Students who do not receive institutional, need-based aid as they enter SAIC are encouraged to apply for financial aid in subsequent years if they feel their family has experienced a change in financial circumstances.
The Office of Admissions identifies institutional merit-based scholarship recipients upon their entry to the school.
A student may qualify for a several different types of student loans. Please see the Student Loans section of this website for details.
Student Financial Services offers Federal Work-Study eligibility to students who demonstrate financial need. Institutional employment is available to students who are receiving need-based aid during summer and winter terms. Graduate teaching assistantship positions may be paid regardless of need. Students are recommended not to work more than 20 hours a week so that this commitment does not adversely affect academic performance.