Because financing a college education can be a challenging task, Springfield College offers financial aid services through the Office of Financial Aid and at each instructional campus to help students make the best decisions on how to finance their education.
Financial aid policy at Springfield College is based on the following guidelines: Students must be accepted into a degree program to receive financial assistance. Springfield College makes admissions decisions without regard for the student’s ability to pay educational expenses. College grant funds are awarded primarily on the basis of financial need. State and federal funds are awarded and disbursed subject to the program regulations of the awarding agency. Eligibility based on financial need is determined by estimating cost of attendance and subtracting family contribution as calculated by federal, state and/or College regulations. Students are advised that eligibility for funding is not the same as availability of funds. The College does not meet full need for all eligible students.
How to Apply for Financial Aid
Financial aid forms and information will be sent to all applicants for admission. Students are expected to take responsibility for the financial aid application process, which must be completed for each year assistance is needed. The financial aid award year begins with the September term. Students may contact campus staff and the Office of Financial Aid for assistance. All data submitted in the application process is subject to verification.
All applicants for need-based financial aid must file the Free Application for Federal Student Aid (FAFSA) each year. The FAFSA is available in paper format or can be completed online at www.fafsa.ed.gov. Each applicant must also submit the Springfield College Financial Aid Application and the appropriate tax returns.
Academic Progress and Financial Aid Eligibility
Recipients of financial aid (including most loan programs) must make satisfactory academic progress toward their degree. Satisfactory progress is defined by the College and is reviewed each term. The evaluation consists of a review of quantitative progress (credit hours earned per year) and qualitative achievement (cumulative index). Financial aid is not available for repeated coursework.
Graduate students are expected to maintain a 3.0 average for all coursework attempted. All students are expected to complete 75 percent of coursework attempted. This completion standard applies to cumulative coursework.
The Office of Financial Aid will place a student on financial aid suspension for failure to meet the standard. While on financial aid suspension, a student loses all eligibility for College, federal and state assistance, including student/parent loans. The Office of Financial Aid may grant a term of financial aid probation if there are documented circumstances affecting the student’s ability to maintain good academic standing. Requests for financial aid probation must be made in writing to the instructional campus. Other documentation may be requested. If a term of financial aid probation is awarded, the student will be advised of the conditions of that probation. Failure to agree to or to meet those conditions will result in a loss of financial aid eligibility.
Read more about Financial Aid Policy and Services .