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 Free Application for Federal Student Aid (FAFSA). Early Decision candidates will be required to complete the College Scholarship Service Profile form to receive an earlier financial aid award. All forms should be completed as early as possible, with the understanding that the FAFSA can only be filed after Jan. 1. The FAFSA can be filed electronically at www.fafsa.gov. The CSS Profile is available at http://student.collegeboard.com/css-financial-aid-profile. 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 website 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 Attempted

# 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 at the end of each enrolled term. Students must complete 67 percent of their cumulative attempted credit hours as transcripted by the Registrar's Office. 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 warning. Repeated courses in which the student has previously earned a passing grade do not count in the total number of credits completed. Withdrawal from any course after the add/drop period for that term will negatively impact the percentage of coursework completed.

A second consecutive term of failure to meet the minimum requirements will result in suspension of further financial aid.

The Office of Financial Aid will notify students of warning or suspension of aid. Students have the option to appeal these decisions and should put their requests in writing (using the appeal form available from the financial aid office) to the vice president for enrollment management 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.