Financing a SCI-Arc education is an important process. Regardless of financial circumstances, a variety of financial aid options are available to help with the costs.
Federal Student Aid
The US Department of Education has developed a useful and informative website to help navigate the financial aid process. In order to be considered for need-based financial aid—including loans, grants, scholarships, and Federal Work-Study—students must complete the Free Application for Federal Student Aid (FAFSA), available online.
Students should indicate that they will be applying to SCI-Arc (Federal School Code 014073). The FAFSA requests data from the student’s (or their parents’, if the student is a dependent) federal income tax return. If not yet completed by the priority deadline, estimated tax figures should be reported on the FAFSA. After the FAFSA has been processed and tax returns have been filed, the student will have the opportunity to correct any estimates.
A student’s financial aid award, or “package,” will be comprised of the types of financial aid for which they are eligible.
Federal Pell Grant (Pell)
The Pell Grant is awarded to undergraduate students who have not earned a bachelor's or professional degree. Award amounts are based on the student's level of need and enrollment status. If the student is enrolled less than full-time, the award will be prorated.
NOTE: The disbursed amount will be adjusted based on registration changes (add/drops) completed through the fourth week of classes (Census). As a result of any enrollment changes, the student’s award eligibility may increase or decrease. A decrease in eligibility may result in a bill.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This grant is awarded to undergraduate students with exceptional financial need. Funding for this grant is very limited; first priority is given to students with the lowest Expected Family Contributions (EFCs) who receive a Pell Grant and who apply by February 23 (priority application filing deadline). Students must be enrolled in a minimum of 9 units to receive the award.
Federal Education Loans
Education loans are a form of financial aid that must be repaid with interest. By filing the Free Application for Federal Student Aid (FAFSA), loans may be included as part of a student’s financial aid award. Most students and their families are eligible for some form of federal educational loan assistance. It is highly recommended that students file a FAFSA, regardless of income. To be eligible to receive funding from the federal loan programs, students must meet the general eligibility requirements for the Federal Financial Aid programs.
Notice to students: An individual may contact the Bureau for Private Postsecondary Education for review of a complaint. The Bureau may be contacted at 2535 Capitol Oaks Drive, Suite 400 Sacramento, CA 95833, www.bppe.ca.gov, telephone 916.431.6924 or fax 916.263.1897.