The mission of The University of Scranton is to provide a high quality education in the Catholic and Jesuit tradition. Financing your education is an important consideration and The University of Scranton is sensitive to these challenges. We are committed to providing our students and families with resources and options available to help meet educational expenses. The University of Scranton provides a comprehensive financial aid and scholarship program that includes grants, merit scholarships, loans and work study. Monthly installment and family tuition reduction plans are also available. We encourage you to use our online information to educate yourself about the programs. We want to assure you that counseling and support is available right through graduation.
Sequestration Impact on Financial Aid
Effective March 1, 2013 sequestration of federally budgeted funds occurred. The immediate effect on federal financial aid programs is an increase in the origination fees for any federal loan for the current academic year where the first disbursement of the loan occurs after March 1, 2013. The Stafford Loan origination fee increases from 1.00% to approximately 1.05% and the parent and graduate PLUS Loan origination fee increases from 4.00% to approximately 4.20%. If the first disbursement for the academic year occurred before March 1, 2013, the origination does not increase. There are no other changes to federal aid for the 2012-13 academic year resulting from Sequestration. Information on the impact for the next academic year will be posted when more definite information is available.