Tuition and Financial Aid

Financing your Holy Apostles education

Tuition

The cost of a college education can be a key factor in choosing which school to attend. Holy Apostles provides quality education at a price that is affordable for all of our students. Current tuition rates are published in this downloadable tuition guide.

Financial Aid

Students enrolled in undergraduate programs are eligible to apply for:

Federal Pell Grants (Gift and Need Based)
Federal Direct Subsidized Loans (Need Based) 6.8%
Federal Direct Unsubsidized Loans (Non-Need Based) 6.8%
Federal Direct Parent PLUS Loan (Non-Need Based) 7.9%

Graduate students are eligible to apply for:

Federal Unsubsidized Loans only and if applicable 6.8%
Federal Direct Graduate PLUS Loan 7.9%

Important Notes on federal changes effective after July 1, 2012:

Subsidized loans will no longer be available for graduate students for the 2012-2013 academic year.
The up-front rebate on Direct Loans at the time of their disbursement will no longer be offered. The Origination fee remains at 1.0%.
The interest rate for 2012-2013 Direct Subsidized Loans will be extended for one year at current 3.4%
The interest on Subsidized Direct Loans will no longer be deferred during the grace period.

Application for Financial Aid

All students wishing to be considered for Federal Title IV Financial Aid must fill out the federal applications (SCHOOL CODE 00138900) and the school's application as follows:

The IRS DATA RETRIEVAL TOOL

This preferred method offers FAFSA applicants, and parents of dependent applicants, the option to transfer tax return information from an IRS website directly into their FAFSA. As long as this information remains unchanged after submission, federal verification is generally not required and HACS strongly encourages its' use.

Signed copies of tax returns will no longer be acceptable documentation for verification. An applicant who has not used the IRS Data Retrieval Tool to complete their FAFSA, or who has made changes to their FAFSA after its' use, will be required to obtain a Tax Transcript directly from the IRS. Thus the IRS is the primary source of documentation per federal regulations that go into effect July 1, 2012.

Students are strongly encouraged to complete their FAFSA at least 60 days before the start of coursework.

When all forms and related documents have been received by the Holy Apostles Financial Aid Department, the information will be reviewed and the student will be notified of the decision via an award letter after registering. However, it is recommended that students contact the Financial Aid Office prior to the start of term.

All financial aid is based on need with the exception of the Federal Unsubsidized Stafford Loan and the Federal Parent PLUS/Grad PLUS. Mandatory Entrance Loan Counseling and signing of the electronic Master Promissory Note can be accomplished electronically at www.studentloans.gov. The student's federnal PIN # must be used. This information and more is contained within the Award Enclosure which is mailed with the student's Award Offer.

Private Loans (aka Alternative Loans)

These are loans that are offered by private lenders and banks to assist students in bridging the gap between college costs and traditional financial aid resources, including the Parent PLUS loan. These are not loans that are federally guaranteed.

In general, a student must have an approved credit history. Other important factors that are considered are debt load and income. A co-signer may also be required.

Terms and conditions are set by each lender and the interest rates are variable with a specified cap as opposed to federal student loans that have a lower fixed interest rate.

Private loans are available up to the cost of attendance minus all other financial aid assistance.

As HAC’s cost of attendance is considerably lower than all other private institutions, in part because we are a commuter school, we do not offer a list of preferred lenders. Although Holy Apostles College has no affiliation with any private lenders, we will certify a loan from any lender that a borrower should choose to work with. However, only in rare instances has a parent of a dependent student even applied for a federally funded PLUS loan. For information on the PLUS loan and all types of Direct loans go to www.direct.ed.gov/parent.html.

State Financial Aid Programs for Undergraduates

CT Capitol Grant (Need-Based)

DC, MA, ME, NH, PA, RI, VT Grants (Need-Based)

All state grants require students to complete the Free Application for Federal Student Aid.Students should check with their state’s department of education for additional application requirements.

CT: http://www.ctohe.org/

DC: http://www.dccap.org/financial/dc_programs.shtml

MA: http://www.osfa.mass.edu/

ME: http://www.maine.gov/education/highered/FinancialAid/FinancialAid.htm

NH: http://www.nh.gov/postsecondary/financial/index.html

PA: http://www.pheaa.org/

RI: http://www.riheaa.org

VT: http://services.vsac.org/wps/wcm/connect/vsac/VSAC

Satisfactory Academic Regulations

To be eligible for financial aid, students must comply with all the Federal Financial Aid Academic Regulations noted elsewhere on this website.

Contact Information

For additional information regarding financial aid at Holy Apostles, students and parents may visit the Financial Aid Office or contact us by email or telephone:

Holy Apostles College & Seminary

Financial Aid Office

33 Prospect Hill Road

Cromwell, CT 06416-2027

finaid@holyapostles.edu

860-632-3020

Admissions