Get the Financial Assistance You Need
The St. Andrews name is known for academic excellence and for presenting our graduates with lifelong opportunities. Prospective students recognize the value of our education right away, but we understand that they may also be a little apprehensive about the cost of a college education. You have to view education as an investment in your future, but at the same time, you can’t put yourself at financial risk. That’s why we commit significant resources to help students get the financial aid they need to fund their education. In many cases, students of our Sandhills Program are eligible for both state and federal funds, as well as school and community scholarships to supplement the cost of their education.
Our Commitment to Students
At St. Andrews University, we want all students to have the opportunity to earn a degree at our institution. That’s why we are dedicated to providing students with guidance and assistance to help them meet their financial obligations. Admissions are never decided on who has the ability to pay and are rather focused on academic and personal qualifications. The goal of our financial aid office is to provide students with a resource to help make their education affordable. You can contact the Office of Financial Aid at 910-277-5778 if you have any questions.
We believe in providing students with the information they need to make informed decisions about their education. There’s no hidden fees or secrecy surrounding our tuition costs. We work to ensure our education is provided at a reasonable price. For the 2019-2020 academic year, St. Andrews @ Sandhills students can expect to pay a cost of $400 per credit hour.
Filing the Free Application for Federal Student Aid (FAFSA)
All families with a student in college must file a FAFSA. This process takes into account the earnings of the family, assets, savings, and size in order to determine their financial need when it comes to paying for college. This directly affects the amount of financial aid you are eligible to receive. Be sure that you use our school code of 001540 when filing the FAFSA so that St. Andrews will receive a copy of the results.
When you file the FAFSA, it will be processed by the Department of Education. After processing, you’ll be sent a Student Aid Report (SAR) that summarizes all the information reported on your FAFSA. Your financial aid need will be indicated by the Expected Family Contribution (EFC), which will be printed on the SAR.
Expected Family Contribution: What is It?
Based on the information you provide in your FAFSA, the Department of Education will determine your Expected Family Contribution or EFC. This is an estimated amount that your family can afford, per year, to pay for college. This amount does not always reflect exactly what you will pay, however. Your out-of-pocket expenses will differ based on what the school charges to attended and the amount of aid you’ve been granted to offset the cost. The difference between the cost of attendance and your EFC is called your financial aid eligibility or financial need.
Your Options for Financial Assistance
Grants: The university awards federal and state grants based on financial need. The grants we award come from federal sources, like the Pell Grant, as well as state resources, like the North Carolina Need Based Scholarship. To be eligible for the NC Need Based Scholarship, the student must be a resident of North Carolina and registered as a full-time or three quarters-time student.
Loans: You have two options when it comes to student loans to pay for your college expenses:
- Direct Stafford & PLUS Loans: Our university participates in the William D. Ford Federal Direct Loan program. This means that we help students or their parents get loans through the Department of Education to help pay for college. Students receive Stafford loans while parents receive PLUS loans. Both options require that the borrower sign a master promissory note, which acts as a contract and details the terms of how it will be repaid. You must complete a FAFSA before applying for either of these loans. You can get more information and apply at www.studentloans.gov.
- Private/Alternative Loans: If you are not eligible for enough financial aid or federal loans to cover the cost of your education, you may have to consider private/alternative loans through a bank. Students are free to choose any lender they wish. If you have questions about this option, you can contact the Office of Financial Aid, and we’ll be happy to help.
Students should begin looking for scholarships during their final year of high school, as many have early deadlines for applications. We encourage you to contact the civic, church, or other organizations that you are involved with to find opportunities for scholarships. Many scholarships allow the student to use the money at the school of their choice. Many employers even offer college assistance programs for their employees. We’ve compiled a list of helpful links to help you find all the opportunities available to you:
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Find scholarships to apply for using the search functions of the following websites:
Graduate Tutor Scholarship directory
This directory has $1.6 million worth of scholarships and is quickly growing. It is a free scholarship directory and requires no registration. Students can search for scholarships in multiple ways, including keywords, courses, deadline, courses, who it is open to and the scholarship amount.
See if you qualify for any of these specialty scholarship opportunities:
Assists non-caucasian American students
Offered to full-time college students who use wheelchairs.
Applicants must be currently involved in athletics in some capacity, either for their school or for their community.
Opportunity for those interested in pursuing a business-related bachelor’s degree with a $1000 annual scholarship.
Awards up to $1,000 to the winner(s) each year. Students must submit an essay on one of the two topics that appear on the scholarship page at the website.
A Note on Integrity of Lenders and Student Loans
We understand that we have a responsibility to provide our students with fair chances at financial aid. In the past, many universities have been found to participate with lenders for preferred treatment. At St. Andrews, we have never participated in any such action. Our Financial Aid Office has undergone audits to provide proof of this. Our university follows the 12-point Statement of Ethical Principles set up by the National Association of Financial Aid Administrators to ensure that students are given appropriate financial aid resources.