Determining how to pay for college is a crucial step in your college career, so it is important that you understand your payment options. The more you know about your financial choices, the better prepared you will be to enter college with focus and confidence.
Financial aid is funds awarded to students for the payment of education costs. Under most circumstances, you must meet a set of standards—such as merit achievement, financial need and satisfactory academic progress in your current program—to remain eligible for certain types of financial aid.
Aid is divided into four types: loans (fund that you borrow and must repay), grants (funds that you are awarded based on financial need and that you are not required to repay), scholarships (funds that you are awarded based on special eligibility requirements and that you are not required to repay) and federal work study (funds awarded in exchange for work arranged with your school).
You can learn more about Sinclair’s financial aid process on the financial aid page.
Sinclair tuition costs vary according to program requirements and student residency status.
The first step to getting financial aid is filling out the Free Application for Federal Student Aid (FAFSA) to be considered for federal aid funds. This application helps funding agencies to determine how much aid you need to complete your college education. Remember to complete the application process early (some extra documentation may be requested) early for your best chance at receiving awards. To be guaranteed for fall term consideration at Sinclair, you must complete the FAFSA application process before May 1 of the year in which you plan to begin as a student.
Once you’ve filled out the FAFSA, it is vital that you monitor your my.sinclair.edu email account, because important messages—including notification alerts and award acceptance—will be sent there. If you miss important notifications, you may risk losing your financial aid funds.
Scholarships are awarded by groups apart from the federal aid process, so you must apply for them separately. The best way to learn about scholarships is to research them using a school’s online resources, like Sinclair’s scholarships page, where you can apply for scholarships using the Sinclair Online Scholarship Application System.
While it is not a financial aid program, the Sinclair FACTS payment plan can help you arrange your payments for every term in which you sign up for the service.
Also, if you accept student loans, you must attend loan counseling sessions to be sure that you have all the information you need to use and make payments on your loans in the future.
If you have more questions about financial aid, please contact us at 937-512-3000. We wish you the best in your college career at Sinclair!