Financial Aid: Graduate and Online Programs
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. The financial aid awards are mainly based on financial needs as determined by the Free Application for Federal Student Aid (FAFSA). Students receiving financial aid are expected to uphold the ideals of the University as a condition of their awards. Students who are placed on disciplinary probation or academic probation may have their aid reduced or withdrawn by action of the financial aid committee.
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 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 household 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 household's resources.
To be considered for need-based financial aid, students must be regularly admitted to Huntington University 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. 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. We understand that unusual circumstances sometimes arise which create scenarios where the FAFSA does not truly represent the household's situation. If students believe they may have one of these circumstances, they may be able to appeal for review of their situations. Please contact the Office of Financial Aid for more information concerning this process.
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 Estimated Family Contribution (EFC) as calculated from the FAFSA. Financial aid award packages may include scholarships, grants, loans and work-study employment.
In the event that students withdraw from Huntington University either voluntarily or by request, University scholarships and grants are recomputed, and the students are charged for the unpaid cost.
Financial Assistance and Academic Progress
Satisfactory Academic Progress (SAP) for financial aid applicants/recipients shall be measured both qualitatively and quantitatively. SAP is directly tied to eligibility for federal Title IV funding. Further information on the requirements, statuses and appeal process can be obtained by contacting the Office of Financial Aid.
Governmental Programs
Federal Pell Grants are provided by the federal government to students in need in amounts that are determined by the students’ ISIR, the cost of attendance at the University and a payment schedule issued by the U.S. Department of Education. Students apply by filing the FAFSA with the Department of Education who computes the students’ eligibility.
Eligible students enrolled less than full-time may receive partial grants. Students should contact the Office of Financial Aid.
Federal Supplemental Educational Opportunity Grants are provided by the federal government to students with exceptional need, subject to federal funding guidelines. The award is based on the family’s ability to contribute as determined from the FAFSA and the amount of grant funds made available to the University.
Eligible students enrolled less than full-time may receive partial grants. Students should contact the Office of Financial Aid.
State of Indiana Grants are provided to residents of Indiana through the Frank O’Bannon Grant Program. Awards covered under this program include Indiana Higher Education Grants, Freedom of Choice Grants and 21st Century Scholar Awards. These awards provide funding to eligible students based on need and differential cost of attendance at private institutions.
Eligible students enrolled less than full-time may receive partial grants. Students should contact the Office of Financial Aid.
Veterans’ Benefits provided by government agencies may be used at Huntington University. The University is approved for educational training of veterans and their families under US Code Title 38, Section 3675. Applications and certifications for veterans' programs are handled through the Office of the Registrar.
Vocational Rehabilitation Grants are under the provision of Public Law 565, in which the federal and state governments jointly provide funds for grants to students who have a physical or mental impairment that constitutes a vocational handicap. The State Vocational Rehabilitation Division determines the grants that may be applied to tuition and certain fees. The Office of Financial Aid will complete the requested Financial Aid Communications form.
Student Loan Programs
Students without immediate resources to complete payment for their educational expenses may choose to borrow against future earnings through several loan programs. Borrowing for such an investment may well yield monetary returns, but the greater return on an investment for one’s education comes in the enhanced quality of life and sense of self-worth.
Federal Direct Loans are obtained through the federal government in amounts ranging to $5,500 for freshmen, $6,500 for sophomores and $7,500 for juniors and seniors. Subsidized Loans (undergraduate students only) are government subsidized for students whereby no interest accrues to the students while they are attending classes at least half-time, and Unsubsidized Loans (graduate and undergraduate students) are government loans whereby the interest accrues immediately. Repayment of Direct Loans begins six months after students cease to be half-time students.