FINANCIAL AID A HOW-TO GUIDE AT THE UNIVERSITY OF NOTRE DAME
DAMENOTREOFUNIVERSITYTHEATAIDFINANCIALTOGUIDEA GREETINGS FROM THE OFFICE OF FINANCIAL AID
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ª What a family may pay (net price) is often less than the published or “sticker price” of tuition and fees. (page 9)
Your student’s college education is one of the most important investments your family will ever make. The returns on your investment will be many. At Notre Dame, our students learn from renowned professors, conduct research, study abroad, and become ethical leaders prepared for a career—and a life—they love. We believe real value is four years of education and individual formation that last a lifetime. We’re here to help you get started. Please reach out via phone or email with questions. (page 12) We look forward to working with you and we are honored to be part of your student’s college search.
In this guide, we explain the financial aid application process and highlight some important facts and what they mean for your student:
ª Notre Dame is need-blind in the admission process. (page 2)
ª Notre Dame is one of fewer than 60 colleges nationally that are committed to meeting the full demonstrated financial need of our undergraduate students for all four years. (page 5)
DirectorMarySincerely,NucciaroneofFinancial Aid
I am delighted that your student is interested in the University of Notre Dame. I know the college application process raises many questions, not least of all the question of affordability.
KNOWTOGOOD
The total amount students and their families are expected to pay toward college costs from their income and assets for one academic year.
COST OF ATTENDANCE
If a student qualifies for a “subsidized” loan, the student is not charged interest while they are enrolled in school at least half-time and during any deferment periods. With an “unsubsidized” loan, interest begins to accrue after disbursement of the loan funds; however, the student may choose to defer payment of interest during enrollment. Financial aid may seem like a complicated process, but once you have the language down, you will have a good foundation for understanding how it works.
NEED-BLIND ADMISSION
LET’S STARTEDGET
Our estimate of each year’s total college costs includes tuition and fees, room and meals, books and supplies, personal expenses, and transportation.
AIDFINANCIALTERMS
DEMONSTRATED FINANCIAL NEED
We determine demonstrated financial need by taking the Cost of Attendance for Notre Dame minus your Expected Family Contribution (EFC). Your EFC is calculated through the financial aid applications: the Free Application for Federal Student Aid (FAFSA) and the CSS Profile.
FINANCIAL AID
Money given, loaned, or made available to help cover college costs. Financial aid may come in the form of gift (scholarships and grants) and self-help (loan and work).
Learn More: financialaid.nd.edu/terms
The amount that the family pays for one year of college. This is calculated by subtracting the total amount of grants and scholarships from the Cost of Attendance.
Students who are United States citizens, permanent residents, and/or DACA or undocumented students are admitted to Notre Dame on the basis of their academic and personal records of achievement. A student’s ability to pay is never considered when making an admission decision.
NET PRICE
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EXPECTED FAMILY CONTRIBUTION (EFC)
NEED-BASED SCHOLARSHIPS AND GRANTS
Learn More: financialaid.nd.edu/aid-types
This is your best option for financial aid at Notre Dame. Students who apply for financial aid are considered for all need-based scholarships, including University scholarships, Notre Dame Club Scholarships, state, and federal grants. Notre Dame Clubs alone awarded over $5 million to students in 2021-22.
There are many ways to fund your future. At Notre Dame, we administer funding from institutional, private, federal, and state student aid programs. Students who apply for financial aid are considered for all institutional, federal, and state aid programs.
RESERVE OFFICER TRAINING
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MERIT-BASED SCHOLARSHIPS
FINANCIAL AID AND AVAILABLEOPTIONSSELF-HELP
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PRIVATE SCHOLARSHIPS
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Many students apply separately to private organizations for scholarships outside of the University.
A very small number of Notre Dame students receive merit scholarships each year and every application for admission is considered for our few merit scholarship programs. Merit Scholarship offers are made in early spring by the Notre Dame Scholars’ Program.
STUDENT EMPLOYMENT
LOANS
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CORPS (ROTC) SCHOLARSHIPS
Students and their families may qualify for various loans, including: Notre Dame Subsidized Loan Federal Direct Subsidized/Unsubsidized Loan (Student) Federal Direct PLUS Loan (Parent) Private Loans (Student)
PAYINGCOLLEGEFOR
Part-time student employment assists students in meeting personal expenses. Notre Dame undergraduates are employed on campus with many averaging 6-10 hours of work per week. Students with Federal Work-Study eligibility may work for either a community service agency or on campus.
Air Force, Army, and Naval (Navy & Marine Corps) ROTC scholarships are available on a competitive basis. The military services award them based on merit and personal qualifications.
ATTENDANCEOFCOST BILLED EXPENSES ESTIMATEDOTHER EXPENSES $ 60,301 TUITION & FEES $ 16,710 ROOM & MEALS $77,011 SUBTOTAL OF BILLED EXPENSES *Transportation costs vary depending on where the student lives. $ 1,250 BOOKS & SUPPLIES $ 1,200 PERSONAL EXPENSES $750 * TRANSPORTATION $3,200 SUBTOTAL OF OTHER ESTIMATED EXPENSES We say “average cost of attendance” because the actual cost of attendance may vary slightly for each student depending on the cost of their books, the amount they spend to travel to campus and home, and campus activities. When determining a student’s financial aid, we use the total costs we estimate a student will have, billed and unbilled.KNOWTOGOOD AVERAGE COST OF ATTENDANCE FOR 2022-2023 4
The figures above include University Scholarships, Federal Pell, and Supplemental Grants. * Most who qualify have two (or more) children in college and average assets. ** Includes a small number of scholarship recipients for whom we do not have household income data. For more information, please visit financialaid.nd.edu. PARENT INCOME RANGES UNDER $250,000+*$180,000$140,000$100,000$80,000$65,000$40,000$39,999-$64,999-$79,999-$99,999-$139,999-$179,999-$249,999 TOTAL MEDIAN SCHOLARSHIPUNIVERSITY $22,300$36,650$49,800$56,400$59,794$64,300$68,300$72,000 $55,100 MIDDLE RANGE OF SCHOLARSHIPS $67,100 - $73,900 $61,700 - $73,400 $59,600 - $68,100 $55,300 - $64,500 $49,100 - $60,499 $42,500 - $56,000 $25,450 - $46,600 $10,350 - $31,000 $37,400 - $66,000 Because we believe in the value of a Notre Dame education, we are one of fewer than 60 schools in the country that commit to meeting the full demonstrated financial need of our undergraduate students for all four years. Meeting each student’s full demonstrated need allows us to be more sensitive to a family’s individual financial situation so we can assist talented students from a wide range of backgrounds. To give you an idea of how your family could fund a Notre Dame education, the chart below reflects the class entering in fall 2022. The median (amount that falls in the middle) and the range are provided to give you a sense of the need-based scholarships the University provides in order to reduce the price a student or family pays. COSTYOURESTIMATE KNOWTOGOODIf your full need is not met by a school, your family share increases. Notre Dame is more affordable because of our commitment to meeting demonstrated financial need, which is calculated using your financial aid applications. 5 STUDENTS 140**1761391567958114172 1,034
The application cycle you choose determines the deadline, or “priority submission date,” for your financial aid applications.
HOW TO APPLY
Notre Dame requires two financial aid applications: the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. Both applications are completed online. Students who submit them will be automatically considered for University scholarships, Federal Pell Grants and Federal Supplemental Educational Opportunity Grants, applicable state grants, Federal Work-Study eligibility, Federal Direct Loans, and Notre Dame Loan.
Learn More: financialaid.nd.edu/apply IRS DATA RETRIEVAL TOOL (DRT) financialaid.nd.edu/drt
The IRS Data Retrieval Tool (DRT) transfers IRS tax information directly into the FAFSA. You can transfer your tax information while you are completing the FAFSA or go back after submitting the FAFSA to include your tax information.
If requested by the Office of Financial Aid, parents and students must also submit signed copies of federal income tax returns (including schedules), W-2 wage statements, and other documents.
We use the term “priority submission date” instead of “deadline” because students may apply for financial aid beyond these deadlines, though their Financial Aid Notification (FAN) may be sent at a corresponding later date. Students who submit their financial aid applications by the priority submission date may receive a FAN sooner.
KNOWTOGOOD
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When you apply for admission to Notre Dame, you will choose to apply in the Restrictive Early Action cycle (Deadline: November 1) or the Regular Decision cycle (Deadline: January 1).
“THE OFFICE OF FINANCIAL AID MEETS STUDENTS WHERE THEY ARE, NO MATTER THEIR SITUATION—BECAUSE OF MY FINANCIAL AID PACKAGE, I AM ABLE TO ATTEND NOTRE DAME AND FULLY ENJOY MY COLLEGE EXPERIENCE. I WILL ALWAYS BE GRATEFUL FOR THE HELP THAT I HAVE RECEIVED. I AM BLESSED AND WILL DEFINITELY PAY IT FORWARD IN THE YEARS TO COME.” EARLYRESTRICTIVEACTION DECISIONREGULAR —SAVANNAH CARR ’24—COMPUTER SCIENCE—MIAMI, FL BELOW IS AN OUTLINE OF THE PROCESS FOR EACH CYCLE, ALONG WITH ADMISSION DEADLINES AND FINANCIAL AID PRIORITY SUBMISSION DATES. COMPLETE INSTITUTIONAL DOCUMENTATION SERVICE (IDOC) @ PAGES.COLLEGEBOARD.ORG/IDOC (AVAILABLE OCTOBER 1) YOU WILL NEED: PARENT AND STUDENT 2021 FEDERAL TAX RETURNS PARENT 2021 W-2 FORM(S) VERIFICATION WORKSHEET OTHER DOCUMENTS AS REQUESTED DECEMBER 15 MARCH 1 SUBMIT YOUR APPLICATION FOR ADMISSION @ ADMISSION.ND.EDUNOVEMBER 1 JANUARY 1 COMPLETE THE 2023-2024 FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) @ STUDENTAID.GOV/FAFSA SCHOOL CODE: 001840 (AVAILABLE OCTOBER 1)NOVEMBER 15 FEBRUARY 15 COMPLETE THE 2023-2024 CSS PROFILE @ SCHOOLCSSPROFILE.COLLEGEBOARD.ORGCODE:1841(AVAILABLEOCTOBER 1)NOVEMBER 15 FEBRUARY 15 THE OFFICE OF FINANCIAL AID BEGINS SENDING FINANCIAL AID NOTIFICATIONS (FANS) TO ADMITTED STUDENTS ON A ROLLING BASIS.EARLY MARCH LATE MARCH 7
We offer financial aid to families of various income levels. Income is only one factor we consider when offering financial aid: we review household size, number of family members in college, assets, and special circumstances.
CONCERNED THAT YOUR FAMILY’S INCOME IS TOO LOW OR TOO HIGH?
WE REDUCE YOUR NEED TO BORROW
KNOWTOGOOD
The best way to get a sense of how much you’ll actually pay for your education is to apply for financial aid. We encourage all admitted students to apply because families are often surprised at the generous amount of aid available to them.
At Notre Dame, we make scholarship funds a priority. In 2021-22, for example, we dedicated nearly $184 million to need-based scholarships for undergraduate students, and 70 percent of all undergraduates received some type of financial aid. We want to make sure that qualified students have access to a Notre Dame education, so we work hard to make it affordable for families of many income ranges.
Most students with family income under $65,000 graduate with no student loan debt
MIDDLE FINANCIALFAMILIESINCOMERECEIVEAID
Notre Dame is one of fewer than 60 schools in the United States that meet 100% of demonstrated financial need and have a federal loan default rate of less than 1%. Notre Dame graduates successfully pay back their student loans. It helps that many of our graduates earn $19,000 more per year than the average college graduate.
Notre Dame scholarships cover tuition and fees for most students with family income under $100,000
The median need-based scholarship awarded to incoming first-year students in 2022 was $55,100.
The average student loan debt of a Notre Dame graduate in May 2022 was $21,362.
ACHIEVE A HEALTHY FINANCIAL POSITION 8
AFFORDABILITY AND ACCESSIBILITY
2022-23 FAMILY #1 INCOME $40,000-$60,000RANGE: FAMILY #2 INCOME $100,000-$120,000RANGE: FAMILY #3 INCOME $180,000-$200,000RANGE: Published Price $77,011 $77,011 $77,011 Notre ScholarshipDame $69,350 $53,600 $39,200 Net Price $7,661 $23,411 $37,811 ESTIMATE YOUR COST MYINTUITION FINANCIALAID.ND.EDU/MYINTUITION Get a quick estimate of what your Notre Dame education would cost in under three minutes. NET PRICE CALCULATOR FINANCIALAID.ND.EDU/NPC For a more detailed look at your estimated costs, check out the Net Price Calculator. 9 WHAT WILL I ACTUALLY PAY? Income is only one factor we consider when determining financial aid. We also review household size, number of family members in college, assets, and special circumstances. These three examples show students who enrolled at Notre Dame in the fall of 2022 who paid much less than the published price of tuition and fees because of need-based scholarship.
“I AM SO GRATEFUL THAT THE FINANCIAL AID OFFICE HAS PROVIDED ME WITH A GENEROUS AMOUNT OF AID, WHICH EASES THE BURDEN OF PAYING FOR COLLEGE. WHENEVER I CALL OR EMAIL THE FINANCIAL AID OFFICE, THEY PROMPTLY RESPOND, ANSWER MY QUESTIONS, AND GUIDE ME THROUGH NEXT STEPS. I ALWAYS GREATLY APPRECIATE THEIR ASSISTANCE!” 10 LUZOLO MATUNDA ’24 POLITICAL SCIENCE, APPLIED AND COMPUTATIONAL MATHEMATICS AND STATISTICS CHICAGO, IL
FIRST GENERATION CAREERS (FGC)
ANDFORRESOURCESSTUDENTSFAMILIES
This office aims to provide a welcoming and inclusive environment so that every new generation of Domers flourishes at Notre Dame. OSE programming helps students with limited resources adjust to their college environment and participate in campus activities.
Through the Meruelo Family Center for Career Development, the FGC provides first-generation college students opportunities to discover and explore career paths while building community. 1 ST G ND This student club fosters a community where first-generation students can find support, expand their network, and learn about campus resources available to them. Upperclassmen serve as mentors to incoming students.
Notre Dame offers a variety of resources for families from all income levels. If you’re a first-generation college student, an independent student, or could benefit from support that makes college more affordable for you and your family, check out the opportunities below.
OFFICE OF STUDENT ENRICHMENT (OSE)
THATSUPPORT YOUFOLLOWWILLContact the Office of Financial Aid and partner units with questions. OFFICE OF FINANCIAL AID 128 McKenna Hall (1st Floor) Notre Dame, IN 46556 U.S.A. +1.574.631.6436 financialaid.nd.edufinaid@nd.edu STUDENT ACCOUNTS 124 McKenna Hall (1st Floor) Notre Dame, IN +1.574.631.711346556 stdacct@nd.edu +1.574.631.6454Notre128STUDENTstudentaccounts.nd.eduJOBSMcKennaHall(1stFloor)Dame,IN46556 stdempl@nd.edu studentjobs.nd.edu WE’RE HERE TO HELP 12
ADMISSION APPLICATION BY THE STATED
Simply put, our community only strengthens our commitment to each other, as well as to Notre Dame ideals and values that will only deepen over time. You’ll have an ally in every graduate you meet. YOUR COMPLETED DEADLINES AS
OCTOBER 1EVERYWHERE STEP 1
CHOOSING TO ATTEND NOTRE DAME ISN’T JUST A FOUR-YEAR DECISION. IT’S A LIFETIME DECISION.
SUBMIT
13 STEP 2 WITH OVER 100 YEARS OF COMBINED EXPERIENCE, WE CAN PROVIDE THE GUIDANCE YOU ARE SEEKING. CALL OUR OFFICE AT 574.631.6436 TO SPEAK WITH A MEMBER OF OUR STAFF. EVERY INQUIRY RECEIVES OUR PERSONAL ATTENTION.
Because our graduates remember their alma mater so fondly, they’re always quick to assist fellow graduates—through networking opportunities, mentoring, and serving alongside students in the community. And with nearly 270 alumni clubs worldwide and more than 150,000 graduates shaping industries, nonprofits, companies, schools, and organizations around the globe (not to mention the countless parents and friends), we have one of the most extensive, generous, and satisfied alumni networks in the world.
COMPLETE THE FAFSA AND CSS PROFILE AS EARLY
That’s why we support every student—before you set foot on campus, while you’re here, and long after graduation. And when you do become a Notre Dame alumnus or alumna, you’ll have the strength and loyalty of one of the most celebrated and storied communities in the world with you, no matter where you go.
Office of Financial Aid 128 McKenna Hall Notre Dame, IN 46556 USA financialaid.nd.edu+1.574.631.6436finaid@nd.edu Information and statistics portrayed in this publication are current as of printing date. 80K 08/22 FOLLOW NDADMISSIONS ON
