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Sinclair College

Financial Aid Types and Sources

Education is an investment in your future, and we know that the investment can get expensive. But here’s the good news: Every year, the U.S. Department of Education’s Federal Student Aid office provides billions of dollars in assistance to millions of students and their families. This aid can be used to pay for tuition and fees, books, supplies, and more. Financial Aid falls into one of the four types:

Financial aid Types with respective sources and details
  Type of Aid Source Basis of Award Repayment Required?
1 Grants Federal
State
Financial Need No
2 Scholarships State
College
Private
Financial Need
Academic Merit
No
3 Federal Work Study Federal Financial Need No
4 Loans Federal
State
Private
Financial Need
Non-Financial Need
Yes

Additional information about financial aid sources may be found in the video below. 
 

Financial Need

The majority of financial aid is based on demonstrating a financial need through the completion of the FAFSA. Financial need is determined by subtracting the student's Expected Family Contribution (EFC) from the Cost of Attendance (COA).

Cost of Attendance

The Cost of Attendance is more than direct costs of tuition, fees and books. Indirect college expenses such as living expenses, transportation and personal expenditures are considered.

COA-EFC=Financial Need

Cost of Attendance Examples

The amounts below are for in county resident* and full-time (12 hours or more) for Fall and Spring semesters.

Various attendance cost on Full-Time Enrollment for 2020-2021
Cost of Attendance Based on Full-Time Enrollment

 
2020-2021
Category Living with Parent Living Off Campus
Tuition and Fees $3,194* $3,194*
Books and Supplies $840 $840
Transportation $1,800 $1,800
Room and Board $1,998 $5,049
Personal and Other $2,367 $2,367
Loan Fee $50 $50
TOTAL $10,249 $13,300

 

Various attendance cost on Full-Time Enrollment for 2021-2022
Cost of Attendance Based on Full-Time Enrollment

 
2021-2022
Category Living with Parent Living Off Campus
Tuition and Fees $3,194* $3,194*
Books and Supplies $840 $840
Transportation $1,840 $1,840
Room and Board $2,052 $5,364
Personal and Other $2,403 $2,403
Loan Fee $50 $50
TOTAL $10,379 $13,691

 

*The out of county surcharge for two semesters is $1,128. The out of state surcharge for two semesters is $4,872.

Note: The college reserves the right to change without notice statements concerning rules, policies, fees, curricula, courses, or other matters.

Laboratory fees are determined for individual classes. Any additional costs for programs can be found in the Online Course Schedule Planner for each individual class that requires payment of additional fees.

The Online Course Schedule Planner can be found at regportal.sinclair.edu


“Types of Federal Student Aid” Video

Check out this video to learn about grants, loans, and work-study jobs and how they can help fund your education.