Financial Aid

The financial aid program at Susquehanna seeks to put educational expenses within the reach of qualified admitted students. Although the family is considered the first resource, financial aid is often available from a variety of sources. In comparing colleges, families should carefully consider the long-term benefit of their educational and financial investments.

Most financial aid goes to full-time students who do not have adequate resources to meet university expenses. The university awards funds on the basis of demonstrated financial need. Susquehanna also awards scholarships, which recognize the outstanding academic achievement and special talent of students regardless of their financial need.

The university uses a standard and consistent method to measure the ability of families to pay for educational costs. Federal and state programs, developed to equalize educational opportunity, also require that a student's financial need be determined in a systematic manner.

Application Procedures. To apply for financial aid, all applicants complete the College Scholarship Service Profile form and the Free Application for Federal Student Aid (FAFSA). All forms should be completed as early as possible, noting that the FAFSA can only be filed after January 1. The FAFSA can be filed electronically at www.fafsa.ed.gov or by hard copy. The Profile is available only in electronic form at www.collegeboard.com/parents/pay. Susquehanna's school codes for financial aid applications are: FAFSA –– 003369; and CSS Profile –– 2820.

Susquehanna will not make financial aid awards prior to admission; however, students should not wait for an admission decision to begin the financial aid application process. Financial aid applicants are also required to provide a signed copy of the student's and parents' prior year federal income tax returns. The Office of Financial Aid will request other supplemental information as needed. For further information about financial aid procedures, please refer to the university's financial aid brochure or Web site, or contact the Office of Financial Aid at 570-372-4450.

Financial Aid Awards. Susquehanna awards financial aid in packages. Combinations may include scholarships, grants, loans and employment. The university expects students to help pay educational costs through savings, work, borrowing and scholarships from outside sources. Financial aid is awarded on a yearly basis; students need to reapply every year to be considered for aid administered by the university. Financial aid is ordinarily limited to a maximum of eight academic semesters.

Eligibility. Most types of financial aid are available only to full-time degree candidates. Certain federal and state grant and loan programs are available to degree students enrolled at least half-time. Pell Grants may be available to students who enroll at less than half-time status. Students who receive state aid typically are required to earn at least 24 semester hours of credit toward graduation each academic year. To remain eligible for aid from federal and institutional sources, students must also meet minimum standards of satisfactory academic progress as defined by the university and the appropriate loan or grant-awarding agency.

Minimum satisfactory academic progress for receiving financial aid at Susquehanna is defined as follows:

  1. Earning credit in increments that will permit the student to graduate in no more than 12 semesters of full-time study. Note: Susquehanna University–funded aid is available for a maximum of eight semesters.
  2. Demonstrating the minimum cumulative GPA levels as follows:

End of Semester

Minimum Cumulative GPA

Minimum Credits Completed

# 2

1.50

22

# 4

1.60

44

# 6

1.70

66

# 8

1.80

88

#10

1.90

110

#12

2.00

130

The Office of Financial Aid measures academic progress annually and cumulatively. Students who do not complete successfully the minimum number of credits or who do not achieve the minimum cumulative grade point average will be placed on financial aid probation. (Repeated courses do not count in the total number of credits completed.) This allows one semester of additional work to bring the academic record up to the minimum standards. Failure to meet the minimums stated above after the probation semester will result in a suspension of further assistance until these standards are met.

The Office of Financial Aid will notify students of probation status or suspension of aid. Students wishing to appeal these decisions, and who have legitimate reasons for doing so (e.g., illness), should put their requests in writing to the vice president of enrollment services at least two weeks before the term for which the exception is sought.

Students already enrolled and seeking financial assistance must also meet eligibility standards before receiving financial aid.