Financial Aid
The key to financing your education is to plan early and keep your options open. The more you know about how financial aid works, the better prepared you will be to pay for college programs.
Many different programs are available to assist families in meeting the cost of higher education.
Most University of Dayton students qualify for a combination of financial aid. Scholarships and grants are available, along with need-based grants, educational loans and school-year employment.
The formula to determine financial aid eligibility or need is:
Here's an example of how this works. Let's say your family can contribute $5,000 a year, and you are looking at three colleges:
Since your family contribution stays approximately the same at each college, you are eligible for more financial assistance at a higher cost private college compared to a less expensive public college.
Families at all income levels can demonstrate financial need based upon their individual circumstances. Most families who apply are eligible.
Families who demonstrate financial need can receive a package of financial aid which usually includes a combination of gift aid (scholarships and grants) and self-help (loans and employment) to meet the need.
Toll-free: 800-427-5029
E-mail: finaid@udayton.edu
Many different programs are available to assist families in meeting the cost of higher education.
Most University of Dayton students qualify for a combination of financial aid. Scholarships and grants are available, along with need-based grants, educational loans and school-year employment.
Determining Financial Need
The financial aid system works on one basic principle: parents and students contribute to the cost of college to the extent they are able. If they are unable to contribute the entire amount, financial aid is available to meet the remaining cost.The formula to determine financial aid eligibility or need is:
| What it costs to attend | |
| — | What your family can contribute |
| = | Your financial need |
Here's an example of how this works. Let's say your family can contribute $5,000 a year, and you are looking at three colleges:
| School A | School B | School C | |
| Cost | $5,000 | $15,000 | $30,000 |
| Family contribution | $5,000 | $5,000 | $5,000 |
| Financial need | $0 | $10,000 | $25,000 |
Since your family contribution stays approximately the same at each college, you are eligible for more financial assistance at a higher cost private college compared to a less expensive public college.
Families at all income levels can demonstrate financial need based upon their individual circumstances. Most families who apply are eligible.
Families who demonstrate financial need can receive a package of financial aid which usually includes a combination of gift aid (scholarships and grants) and self-help (loans and employment) to meet the need.
Contact
Office of Financial AidToll-free: 800-427-5029
E-mail: finaid@udayton.edu
