Westminster College Financial Aid Brochure
FINANCIAL AID I T ’ S A L L ABOUT GETTING T H E FACTS Financial Aid: Consider, first, the kind of experience you seek. Facts in Your Favor If you qualify for admission to Westminster, we will work individually with you and your family to make Westminster an affordable choice. In the meantime, here are some financial aid facts: • About 98 percent of Westminster’s entering freshmen receive some form of meritbased and/or need-based aid. • Thanks to our generous scholarship program, more than 75 percent of our families are able to finance a Westminster education through current income and savings. • Westminster awards more than $50 million in financial aid to students every year. • In 2010–2011, 91 percent of Westminster freshmen received merit-based scholarships, with an average award of $13,356. • Private colleges, such as Westminster, offer more assistance in the form of scholarships and grants than public institutions. • Federal student loans are available to families of all income levels. Three Easy Steps Three easy steps will ensure that • The form is available online at you receive aid from all the www.fafsa.ed.gov. The site walks merit-based and need-based you through the process step by programs for which you qualify. step. You should ﬁle the form as STEP ONE: Complete and submit an application to Westminster Your application for admission also serves as your application for soon as possible after January 1 of the year you intend to enroll in college. • Be sure to enter Westminster’s virtually all of our merit-based federal FAFSA code: 003681. scholarship programs. If you Entering our code when you ﬁle apply and are accepted, you will the FAFSA ensures that the automatically be considered for determination of your need- Westminster scholarship programs based financial aid eligibility based on the information you will be sent to us automatically. supply in your admission application. STEP THREE: Receive notification of your financial aid from Westminster Application for Federal Student Aid The ﬁnancial aid award package (FAFSA) you receive could be any combi- The information contained in the nation of merit-based scholar- FAFSA is used to determine your ships and need-based aid in the eligibility for all federal, state, and form of grants and low-interest institutional need-based financial loans. Your financial aid counselor aid programs. Even if you think you at Westminster will review every probably do not qualify for need- element of your financial aid based aid, you should complete this package with you and develop a form. Every year, thousands of customized payment solution. families lose out on aid for which they are eligible simply because they fail to ﬁle a FAFSA. www.westminstercollege.edu STEP TWO: Complete and file a Free Take the time to explore financing options. Scholarships 1. Complete Westminster’s True Freshman Scholarships The award recognizes excellence In 2011–2012, annual amounts in any activity or significant Cost Calculator form. for these awards range from area of endeavor, for example: It’s easy, it’s fast, it’s free, and $6,000 ($24,000 over four years) community service, civic it’s available to all prospective to $14,000 ($56,000 over four participation, ﬁne arts, leadership, students—not just those who years). service to others, performing have applied for admission. All accepted freshman applicants are automatically considered for Westminster’s merit-based scholarships. Eligibility is determined by your high school GPA and your ACT or SAT scores. arts, entrepreneurship, writing, athletics, science, or the ability to overcome personal challenges and hardships. Additional Scholarship Programs Westminster College also participates in the Utah New Century Scholarship and the Centennial Scholarship for Early Graduation Certiﬁcate programs. Full-tuition Awards ROTC Scholarships All freshman scholarships are Westminster College recognizes Army, Navy, and Air Force ROTC renewable for a total of up to entering first-time-in-college scholarship recipients who choose eight semesters or four years, freshmen who are National Merit to attend Westminster and also provided a student maintains Finalists and National Achieve- choose to live on campus are full-time enrollment and remains ment Finalists with full-tuition awarded a room-and-board grant in good academic standing. scholarships. at a double-room and gold 2011–2012 Merit Scholarships Half-tuition Awards Scholarship Annual Award Westminster College recognizes Presidential $14,000 entering first-time-in-college Dean’s $13,000 freshmen who are National Merit Founder’s $11,000 Semiﬁnalists and National Horizon $ 9,000 Achievement Semiﬁnalists with Success Grant $ 6,000 half-tuition scholarships. package upon completion of the process. Just go to www. westminstercollege.edu/truecost. 2. Apply for admission to Westminster. Your completed admission application also serves as your application for merit-based scholarships. 3. Schedule a personal consultation with a Westminster financial aid counselor. campus receive a $2,500 grant. Expert advice and assistance Those who receive both a ROTC are just a phone call away, and scholarship and a room-and-board they’re free. We make certain grant are not eligible for other that you investigate every Westminster College scholarships possible source of ﬁnancial as entering students. assistance for which you For information on more scholar- Scholarships Theatre, music, and athletic ship programs, visit our website at (separate application required) scholarships are available through www.westminstercollege.edu/ These scholarships of $25,000 auditions or tryouts. financialaid. freshmen and transfer students. estimate of your financial aid recipients choosing to live off Talent Scholarships students chosen from the entering You’ll instantly receive an meal-plan rate. ROTC scholarship Exemplary Achievement Award per year are awarded annually to 2 Priority Action Plan qualify. We will help you every step of the way, including one-on-one help ﬁling the Free Application for Federal Student Aid (FAFSA). Scan this code with your smartphone to see Joanna’s video. Joanna Pham ’13 Hometown: Salt Lake City Major: English Key Activities: Ellipsis After Graduation: Pursue MFA degree Overall Take on Westminster: “It gives you all the attention you need.” I T ’ S A L L ABOUT JOANNA more affordable than you think!” “Westminster is Joanna has compiled a superb academic record while working three jobs: editor of the Ellipsis, the literary magazine; assistant layout artist for creating brochures for Westminster’s Ofﬁce of Communications; and retail associate at the Gap. “I’m on a first-name basis with splendid professors.” Joanna is on her way to taking the next step after Westminster: pursuing a master of arts in poetry. When asked what advice she’d give to prospective students and their families, Joanna says, “Don’t settle for a school because of financial issues. Do some research. The dollars will come.” To hear more of Joannå’s story, come to our website and see her video. www.westminstercollege.edu When Joanna Pham was applying to colleges, it was clear that she would have to assume the primary responsibility for her college expenses. “With generous financial aid, Westminster proved to be more affordable than public universities!” 3 With financial aid, Westminster can be more affordable than a public institution. True Stories actual examples of Westminster True Story #1 College ﬁnancial aid packages This is based on a four-person family with an income of $24,827 and awarded to students for the two in college. The student had a GPA of 3.55 and an ACT score of 23. All the samples provided here are 2011–2012 school year. Financial Aid Awards: Every student and every family Founder’s Scholarship: $11,000 situation are unique. You can College Grant: $ 3,800 quickly calculate the amount of Federal Pell Grant: $ 5,550 financial aid for which you may Federal Work-Study: $ 2,500 qualify by using our free True Subsidized Stafford Loan: $ 3,500 Cost Calculator. You don’t even Unsubsidized Stafford Loan: $ 2,000 Total Financial Aid Package: $28,350 need to complete an admission application or a FAFSA to take advantage of this service. Just go to www.westminstercollege. edu/truecost to get a preview of your eligibility for all merit-based grants, work-study, and loans. True Story #2 (Please note, the True Cost This is based on a six-person family with an income of $57,808 and scholarships and need-based Calculator is a guideline, not a final determination of your ﬁnancial aid award package.) 4 one in college. The student had a GPA of 3.72 and an ACT score of 18. Financial Aid Awards: Horizon Scholarship: $ 9,000 College Grant: $ 4,700 Federal Work-Study: $ 2,500 Subsidized Stafford Loan: $ 3,500 Unsubsidized Stafford Loan: $ 2,000 Total Financial Aid Package: $21,700 True Story #3 This is based on a ďŹ ve-person family with an income of $171,329 and one in college. The student had a GPA of 3.93 and an ACT score of 25. Financial Aid Awards: Deanâ€™s Scholarship: $13,000 College Grant: $ 3,450 Subsidized Stafford Loan: $ 3,500 Unsubsidized Stafford Loan: $ 2,000 Total Financial Aid Package: $21,950 all merit-based. You are automatically considered for merit scholarships when you apply for admission. Freshman scholar- www.westminstercollege.edu The scholarships listed are ships are determined based on your cumulative high school GPA and ACT or SAT score. Transfer scholarships are determined based on your cumulative transfer GPA from all colleges attended. 5 A wise investment yields good dividends. Grants Grants, like scholarships, do not Federal Supplemental Educational need to be repaid. However, Opportunity Grant (SEOG) unlike scholarships, the grants The SEOG is a federally sponsored listed here are awarded based on need-based grant that requires a financial need, as determined by student also be eligible for a Pell the FAFSA. Grant. Our Financial Aid OfďŹ ce awards all available SEOG funds Federal Pell Grant in amounts ranging from $400 to The Pell Grant is a federally $1,500 per academic year. sponsored need-based grant, and the federal government determines Westminster College Grants eligibility. Pell Grant awards range Westminster College Grants from $555 to $5,550. range from $200 to $6,000 per academic year. Our Financial Aid OfďŹ ce determines eligibility for these need-based grants. The Facts on Funding Sources 6 Need-based Federal Loans Other Need-based Federal Programs Federal Perkins Loan Federal Work-Study Federal Perkins Loans are low- Westminster invests over $1 interest loans (current rate is million each year in this federally ﬁxed at 5%) awarded to students subsidized program that provides with exceptional ﬁnancial need. campus employment to students. Awards generally range from $400 Students work as software to $1,800 per academic year. assistants in our computer labs, as Interest does not begin to accrue faculty research assistants, and in until nine months after graduation a variety of other campus ofﬁces. or when a student ceases to be Eligibility does not guarantee that enrolled at least half-time. you will be employed, but it does give you the opportunity to apply Subsidized Federal Stafford Loan for FWS positions on campus. The federal government will pay the interest (currently ﬁxed at 3.4%) on the Subsidized Stafford ation or as long as the student is Unsubsidized Federal Stafford Loan enrolled at least half-time. The This differs from the need-based maximum loan amount is $3,500 Stafford Loan in that the federal for first-year undergraduates, with government does not subsidize a maximum total loan of $23,000 the interest (6.8%). Also, the over a ﬁve-year period. amount of the loan varies based on whether a student is a dependent www.westminstercollege.edu Loan until six months after gradu- Federal Loans Not Based on Need or is ﬁnancially independent. The maximum loan amount for first-year undergraduates is $2,000 for dependents and $6,000 for independent students. 7 To hear more of Eric’s story, come to our website and see his video. www.westminstercollege.edu. Eric McCurdie ’13 Hometown: Fort Collins, Colorado Major: Marketing Scan this code with your smartphone to see Eric’s video. Key Activities: Westminster Orchestra, Karate Demo team Future Plans: Run his own business Overall Take On Westminster: “You ﬁnd real-world applications everywhere.” I T ’ S A L L ABOUT E R I C Eric McCurdie started dancing when he was three, began skiing at five and playing violin in the third grade. He’s still dancing, still skiing, and still playing the violin, serving as the concertmaster of the Westminster Orchestra. “Westminster was my first choice,” says Eric. Because of his outstanding talents in music and dance, Eric received a $20,000-a-year Exemplary Achievement Award Scholarship to attend Westminster. Eric has done more than polish his artistic talents at Westminster. “Westminster has helped me bounce ideas off other people and look at things in a new way.” Eric appreciates the camaraderie with his professors. “You’re not in a big auditorium with 300 other students.” After Westminster, Eric plans to start his own business in the music industry. 8 “Set your goals high and apply for everything you can!” Your One-Stop Resource Make Westminster’s Ofﬁce of Financial Aid your one-stop resource for all the answers to questions about financing your Westminster education. Our experienced ﬁnancial aid counselors are devoted to making the process as smooth and stress-free as possible for you and your family. They will be your partners and your Financial Aid Timeline We accept applications for admission on a rolling basis throughout the year. You should be notified of your admission status approximately one week after you submit your completed We are always happy to help. How to contact us: Financial Aid Office Westminster College 1840 South 1300 East Salt Lake City, UT 84105 notice of Westminster College scholarship awards. • Begin independent scholarship search. your FAFSA and admission application, you will receive a letter from our office notifying you of your ﬁnancial aid package. or phone conference with a Westminster financial aid counselor for assistance with ﬁling the FAFSA. • Submit your FAFSA as soon after January 1 as possible. First notifications will be sent MARCH–APRIL beginning in March. • Review your FAFSA results and ﬁnancial aid package with a Westminster financial aid counselor. www.westminstercollege.edu ever is on your mind, let us know! search process. • Apply for admission; receive • Schedule a personal meeting Once we have reviewed both Small details or big issues—what- options early in the college processed approximately two to every source of financial assistance time with questions or problems. form to learn about financing JANUARY three weeks after submission. Don’t hesitate to contact us at any • Fill out a True Cost Calculator application. The FAFSA is guides, making sure you obtain for which you are eligible. SEPTEMBER–DECEMBER Office Hours: Monday – Thursday, 8:00 A.M. to 6:00 P.M. Friday, 8:00 A.M. to 5:00 P.M. 801.832.2500 Toll-free 800.748.4753 Fax 801.832.2506 Email: ﬁnancialaidofﬁce@ westminstercollege.edu www.westminstercollege.edu/ financialaid 9 Students and Faculty Enrollment: Approximately 2,200 undergraduates and 800 graduate students from 43 states and 30 countries National Recognition The Princeton Review’s The Best 373 Colleges (2011 edition) ranks Westminster in the top 15% of colleges and universities in North America; 13th for quality of life; and as one of America’s Best Value Colleges. Faculty: 140 full-time; 214 parttime faculty: 99% hold the highest degree available in their fields U.S.News & World Report consistently ranks Westminster in the top tier of colleges and universities in the West. Location Salt Lake City’s eclectic Sugar House neighborhood: Restaurants and shopping within walking distance; a 10-minute drive from the downtown business district, a center of financial services, technology, health care, bioscience, and communications; a 30-minute drive from world-class, year-round mountain recreation, including seven major resorts Academics Academic calendar: Fall and spring semester system with a 3-week May Term and one summer term Academic programs: More than 70 academic programs, including minors and special opportunities such as the Honors program, pre-professional programs (pre-med, pre-law, and pre-dental), 3-2 engineering program, study abroad, internships, independent study, and research Academic profile, Class of ’14: Average ACT: 24 (SAT equivalent 1110); average GPA: 3.5 Student/faculty ratio: 11:1; average class size is 18 Campus Resources Campus: 27-acre campus with 28 buildings, including residence halls, dining areas, academic buildings and labs, library, facilities for athletics and recreation, and performance spaces Special facilities and resources: • New platinum LEED-certiﬁed 60,000-square-foot Meldrum Science Center • Emma Eccles Jones Conservatory for Music and Theatre • Center for Financial Analysis in the Gore School of Business • Flight Operations Center at Salt Lake International Airport • Spectacular Dolores Doré Eccles Health, Wellness, and Athletic Center Student Life Clubs and organizations: More than 50 academic, professional, and special-interest groups Athletics and recreation: 17 intercollegiate men’s and women’s teams (the Grifﬁns); most compete in NAIA Division I; club sports include tennis, bowling, cycling, skiing, and snowboarding; extensive individual ﬁtness and wellness resources Admissions and Financial Aid Ranked among the “Great Schools, Great Prices” in U.S.News & World Report Application: You can apply online using the Westminster application or the Common Application. A Westminster print application is available in PDF format. Deadlines: Applications are accepted on a rolling basis for fall, spring, or summer admission; priority ﬁnancial aid deadline: April 15; on-campus housing deadline: May 15 We will be nationally recognized as an exemplary community of learners, distinguished by our distinctive educational programs, our record of preparing graduates for success in a rapidly changing world, and our commitment to continuous improvement, effectiveness, and value. O U R STORY I N BRIEF Undergraduate tuition and fees, 2011–2012: Tuition: $27,182; Room and board: $7,584 Financial aid: More than 95% of undergraduates receive some form of financial aid: average award (2010–2011): $22,607 Competitive Edge Westminster students acquire the skills, savvy, and confidence to succeed, wherever their career or life paths lead. Westminster College administers all of its educational programs, related support services, and beneﬁts in a manner which does not discriminate against students or prospective students with regard to race, color, religion, gender, gender identiﬁcation, sexual orientation, age, national or ethnic origin, disability, or a person’s status as a veteran. Ofﬁce of Admissions 1840 South 1300 East Salt Lake City, UT 84105 801.832.2200 Toll-free 800.748.4753 firstname.lastname@example.org www.westminstercollege.edu A UNIQUE ENVIRONMENT FOR LEARNING Character Founded in 1875, Westminster College is a private, comprehensive, liberal arts college offering undergraduate and graduate degree programs and focused on developing new and innovative models for teaching and learning.