Your eligibility for need-based financial aid is determined by federal Department of Education regulations and University policies governing financial aid programs. Using the information you provide, we calculate the amount of family resources you and your parent(s) are expected to contribute toward your educational costs. These resources, known as the expected family contribution, are subtracted from a standard budget of expected educational expenses, or cost of attendance.
The difference between the expected family contribution and the cost of attendance is your maximum eligibility for need-based assistance. While we are unable to award to full calculated need, we do offer a wide range of financing options to assist families.
To remain eligible for federal, state and institutional financial aid, you must meet the minimum requirements of satisfactory academic progress.
Full Time Attendance
Most financial aid funded by Salve Regina requires full time attendance. However, some government programs require only part-time attendance, although amounts are prorated. Acceptance to a program is required for both University aid and government programs.
The definitions for enrollment status are as follows:
- Full time: 12 or more credits in a semester
- Three quarter time: 9-11 credits in a semester
- Half time: 6-8 credits in a semester
- Less than half time: Fewer than 6 credits in a semester
Students receiving merit-based scholarships are required to maintain a 3.0 cumulative GPA and must be enrolled full time. Merit-based aid is based on residency status at the time of admission. If your status changes from resident to commuter, your amount of merit-based aid will decrease. On average, the decrease is $3,500 for the academic year based on the lower cost of attendance.