general financial aid policies
The University’s first priority in providing financial assistance is to full-time students living on campus who excel in academic achievements and performance areas and to those preparing for service to the church. Many of the awards are need-based although several important awards are not. Most University-based financial aid is indexed to the ability of the students to succeed academically.
The primary purpose of the financial aid program at Huntington is to provide assistance to students who can benefit from further education but who cannot afford to do so without such assistance. Students receiving financial aid are expected to uphold the ideals of the University as a condition of their awards, and students who are placed on disciplinary probation or academic probation may have their aid reduced or withdrawn by action of the financial aid committee.
Parents are expected to contribute according to their means, taking into account their income, assets, number of dependents and other relevant information. Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future earnings. The investment that one makes in one’s own education or in one’s children’s education often is made sacrificially. The financial aid program is designed to help share the burden after other resources have been drawn upon.
Need-based financial aid is offered to accepted students only after determination that resources of the family are insufficient to meet the students’ educational expenses. The amount of aid offered will not exceed the amount needed to meet the difference between the students’ total educational expenses and their families’ resources.
To be considered for need-based financial aid, the student must be regularly admitted to Huntington and must have completed the Free Application for Federal Student Aid (FAFSA), which can be filed by going online at www.fafsa.ed.gov. The FAFSA should be received at the Federal Processor by March 10. New students are also required to file an Authorization Form prior to registration for classes. To be eligible for financial aid, students must be enrolled or accepted for enrollment, must be making satisfactory academic progress and must have completed all necessary forms.
The Office of Financial Aid will determine eligibility and award aid to students based on the difference between the cost of attending the University and the family contribution by institutional methodology. As nearly as possible, the University attempts to meet students’ needs with financial aid award packages that may include scholarships, grants, loans and employment.
University-funded scholarships and grants are not awarded to students carrying fewer than 12 hours except for those in the Graduate School and tuition remission programs. Unless otherwise noted, students must have a 2.3 gpa to be eligible for a University award.
Financial aid is awarded for two semesters with one-half the annual amount granted for each semester. The students’ awards are reviewed and renewed each year.
No combination of University-funded scholarships and grants may exceed the lesser of full-time tuition or the students’ actual semester tuition, and students who do not reside on campus may receive reduced awards. Externally funded scholarship and grant programs, however, may sometimes be applied to a portion of room and board costs.
In the event that students withdraw from Huntington either voluntarily or by request, University scholarships and grants are recomputed and the students are charged for the unpaid cost.