Financial Aid & ScholarshipsWhat applications do I have to file to be considered for financial aid? Does Stonehill award Merit Aid? Does Stonehill award Need-Based Aid? Does Stonehill award Job Aid? Does Stonehill award Loan Aid? Is Stonehill Need-Blind in its admission decisions? What effect does applying as an Early Decision applicant have on financial aid? When is financial aid applied to my account?
AppealsCan I appeal my financial aid award?
Cost of AttendanceWhat is the current Cost of Attendance (COA) at Stonehill?
CSS ProfileWhat is Stonehill’s code number for filing the CSS Profile? Must I file my taxes before filing the CSS Profile? Should I wait until I know I have been accepted into Stonehill before filing the CSS Profile?
DeadlinesWhat is the deadline for applying for financial aid?
EligibilityWhat do I have to do to maintain my eligibility for financial aid?
FAFSAWhat is Stonehill’s code number for filing the FAFSA? Must I file my taxes before filing the FAFSA? Should I wait until I know I have been accepted into Stonehill before filing the FAFSA?
LoansWhen do I repay my student loans? Where can I find out how much I have to repay on my student loans?
NotificationWhen will I receive notification of my financial aid award?
Private ScholarshipsIf I receive a private scholarship, will my financial aid change?
Study AbroadWill Study Abroad affect my financial aid award?
Work StudyHow can I apply for a job?
TaxesIs financial aid taxable? Are there tax benefits for higher education expenses?
BillingWhat are the base charges for this year (2015-2016) ? When are my tuition bills due? Where is my tuition bill mailed? How do I pay my bill? I have a credit balance on my account. How do I get a check? When is financial aid applied to my tuition account?
DiscountsDoes Stonehill offer a tuition discount if more than one family member is attending at the same time?
Health InsuranceWhy have I been charged for the College’s health insurance when I have my own?
Hill CardHow do I add money to my Hill Card?
Meal PlansHow do I change meal plans?
Parking DecalsHow do I get a parking decal?
Payment PlansDoes Stonehill offer a Tuition Payment Plan?
Prepaid TuitionDoes Stonehill offer a Prepaid Tuition Plan?
Study AbroadAre there additional costs associated with Study Abroad?
Glossary of Commonly Used TermsAlien Registration Number Award Letter Borrower Capitalized Interest Cost of Attendance/ Budget CSS Profile CUM (Cumulative Grade Point Average) Deferment Direct Costs Direct Deposit/Payment Educational Loan Enrollment Status Expected Family Contribution (EFC) FAFSA Family Financial Responsibility Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Federal Work Study (FWSP) Fees Financial Need/Eligibility Full Time Gift Aid Grace Period Grade Point Average Grant HillCard Indirect Costs Interest IRS Data Retrieval Tool Job Aid Master Promissory Note Merit Aid/Scholarships Need Based Aid Need Blind Net Cost Part Time PIN Room & Board Satisfactory Academic Progress (SAP) Scholarships/ Merit Aid Self Help Student Aid Report (SAR) Student Employment Program (SEP) Verification
Financial Aid & Scholarships
What applications do I have to file to be considered for financial aid?
Stonehill requires the CSS Profile to be filed for consideration of most Stonehill gift aid, including but not limited to need based aid. Although it is not required for merit aid, it is highly recommended. The FAFSA is also required for state and federal financial aid, including but not limited to Pell grant, student loans, and work study.Back to Top
Does Stonehill award Merit Aid?
Yes. Merit Aid is awarded to students with exemplary academic performance in high school, whether or not that student has demonstrated financial need through FAFSA and CSS Profile filings.Back to Top
Does Stonehill award Need-Based Aid?
Yes. Need-Based Aid is awarded to students based on demonstrated financial need through FAFSA and CSS Profile filings.Back to Top
Does Stonehill award Job Aid?
Yes. We offer two different Job Aid programs: Federal Work Study and our own Student Employment Program.Back to Top
Does Stonehill award Loan Aid?
No. We only award Direct Loan eligibility. The amount of a federal student loan depends on the number of credits you have completed. Private loans come with private terms and conditions. Please refer to our Loans page for more information.Back to Top
Is Stonehill Need-Blind in its admission decisions?
While we adhere to a need-blind admission policy for most of its admission decisions, budgetary constraints sometimes result in need-sensitive admission decisions for a small segment of the applicant population.Back to Top
What effect does applying as an Early Decision applicant have on financial aid?
Students who apply for Early Decision admission are not treated differently in the awarding of financial aid than those who apply for admission through the regular decision process. There is no advantage or disadvantage in the financial aid process.Back to Top
When is financial aid applied to my account?
Typically, half of each institutional and government award is credited to your account in each semester. The entire amount cannot be credited to one semester unless otherwise noted.Back to Top
Can I appeal my financial aid award?
Appeals for need-based aid are encouraged – especially if there has been a change in your family’s status or income since you filed your financial aid application(s). You may request to be considered for additional funding by writing to Eileen O’Leary, Asst. Vice President, Student Financial Assistance, Stonehill College, 320 Washington Street, Easton, MA 02357. If the appeal is based on a reduction in income, the Special Conditions Form should be submitted instead. Signed copies of parent and student 2015 federal tax returns and W2’s should be included with any appeal, if not previously provided to the College. Appeals from entering students must be received no later than April 8 to be assured a response before the commitment deadline. The appeals committee will review appeals and mail/email responses no later than April 22. The commitment deadline cannot be extended.Back to Top
Cost of Attendance
What is the current Cost of Attendance (COA) at Stonehill?
The Cost of Attendance includes billed costs for tuition and Room and Board (if a resident student), as well as student loan fees, and estimated out of pocket expenses for books, living expenses (if commuting), personal miscellaneous expenses, and estimated transportation expenses. The Cost of Attendance for the 2015-2016 academic year is: Resident Student= $55.670, Commuter not living with parent= $49,088, Commuter living with parents= $41,050Back to Top
What is Stonehill’s code number for filing the CSS Profile?
Stonehill’s code number for filing the CSS Profile is 3770.Back to Top
Must I file my taxes before filing the CSS Profile?
No! Because of early filing deadlines, it is often impossible for families to have completed their federal tax returns before completing the CSS Profile. It is better to use estimated financial information than to miss the filing deadline.Back to Top
Should I wait until I know I have been accepted into Stonehill before filing the CSS Profile?
No, do not wait. Typically the priority filing deadlines are earlier than the date that acceptances are mailed.Back to Top
What is the deadline for applying for financial aid?
Your deadline for applying for financial aid depends on your application type. Please refer to our Important Dates & Deadlines page.Back to Top
What do I have to do to maintain my eligibility for financial aid?
In order to receive or continue to receive financial aid funded by the government and/or Stonehill College (including student or parent education loans, grants, scholarships and jobs), a student must maintain eligibility as defined below:
- Academic Progress
A student must pass a specific number of the credits he/she attempts each academic year to maintain eligibility for financial aid. Please see our Standards of Academic Progress for Financial Aid Recipients.
- Community Standards
Student conduct that warrants separation/dismissal as a result of violation of community standards may result in forfeiture of eligibility for Stonehill merit scholarships if readmitted. Please see our Community Standards.
- Drug Laws
A student convicted of possession or sale of illegal drugs loses eligibility for financial aid for a period of time specified in law. The period of ineligibility depends on whether the conviction was for possession or sale of (including conspiring to sell) illegal drugs. Please see the Notice of Federal Student Financial Aid Penalties for Drug Law Violations.
What is Stonehill’s code number for filing the FAFSA?
Stonehill’s code number for filing the FAFSA is 002217.Back to Top
Must I file my taxes before filing the FAFSA?
No! Because of early filing deadlines, it is often impossible for families to have completed their federal tax returns before completing the FAFSA. It is better to use estimated financial information than to miss the filing deadline. After you file your taxes for the year you may go online and submit corrections based on your updated figures.Back to Top
Should I wait until I know I have been accepted into Stonehill before filing the FAFSA?
No, do not wait. Typically the priority filing deadlines are earlier than the date that acceptances are mailed.Back to Top
When do I repay my student loans?
Federal loans have a six month grace period which begins when you graduate, leave school, or drop to less than half-time enrollment. Payment on these loans begin the day after your grace period ends.Back to Top
Where can I find out how much I have to repay on my student loans?
You can view a listing of the federal loans you have received for each academic period, and their interest rates on the National Student Loan Data System (NSLDS) website.Back to Top
When will I receive notification of my financial aid award?
When you receive your notification of your financial aid award depends on your application type. Please refer to our Important Dates & Deadlines page.Back to Top
If I receive a private scholarship, will my financial aid change?
If required by federal regulations to adjust an aid package, the College will eliminate or reduced 1) SEOG then Perkins/ NIL Loans, 2) Federal Work-Study, 3) Federal Direct Student Loans, in that order. Stonehill gift aid will not be reduced unless the total of all gift aid exceeds federal need or billed costs.Back to Top
Will Study Abroad affect my financial aid award?
Yes and no. As a general rule, financial aid awards are applicable to study abroad programs approved by and administered through the College. However, Tuition Exchange Scholarships are only partially transferable to study abroad, full-time internships or for programs at other venues.Back to Top
How can I apply for a job?
You must have either a Federal Work Study Award or Stonehill Employment Award and employment paperwork also must be completed before beginning work through the Student Employment Program. The required paperwork is as follows: W-4, M-4, I-9 (with supporting documentation presented in the Payroll office), and direct deposit form. For more information, please visit Student Employment & Payroll.Back to Top
Is financial aid taxable?
As a result of the Tax Reform Act of 1986, aggregate scholarship and grant assistance that exceeds tuition and required fees for course instruction or academic enrollment must be included in taxable income. Students are responsible for determining whether any scholarship, in whole or in part, should be reported as taxable income. Gift aid in excess of the costs of tuition and fees in a calendar year is taxable. Wages earned through the Federal Work-Study and Student Employment Programs are taxable. Student employees will receive a W-2 Wage and Income Statement from the College during January for the previous tax year. You are encouraged to contact the Internal Revenue Service or a tax preparer for further information or assistance.Back to Top
Are there tax benefits for higher education expenses?
Congress has provided opportunities for families to gain tax savings through various education tax credits, penalty-free withdrawal from an IRA, and/or the student loan interest deduction. You are encouraged to contact the Internal Revenue Service or a tax preparer for further information or assistance. Please see our Tax Benefits for Education page.Back to Top
What are the base charges for this year (2015-2016) ?
Tuition and Fees: $38,550
Room and Board (with Meal Plan C) : $14,620
When are my tuition bills due?
Bills for the fall semester are due August 15. Bills for the spring semester are due January 3.Back to Top
Where is my tuition bill mailed?
Bills for the fall semester are available online in mid-July, and bills for the spring semester are available online in early December. Bills are generated in the student's name. Students and their assigned authorized users receive e-mails when bills are available online. Updated statements for all students are posted monthly.Back to Top
I have a credit balance on my account. How do I get a check?
Requests should be made to Student Accounts. Once all funds from financial aid sources have been received, a check will be mailed to your home address.Back to Top
When is financial aid applied to my tuition account?
Typically half of each institutional and government award is credited to your account in each semester. The entire amount cannot be credited to one semester unless otherwise noted.Back to Top
Does Stonehill offer a tuition discount if more than one family member is attending at the same time?
Yes. Provided that family members are dependent members of a single household, full-time students, are matriculating at the same time, and are not receiving any other funding from the College. The total family reduction will be divided and applied equally to each family member. The following family tuition schedule will apply: first student: pays full tuition; second student: pays 75% of full tuition; third and subsequent student(s): pays 50% of full tuition.Back to Top
Why have I been charged for the College’s health insurance when I have my own?
State law requires that students taking nine or more credits in a semester carry health insurance and annually provide proof of such insurance to the College. Therefore, you have been charged a health insurance premium for the academic year and must complete and online waiver or acceptance of the insurance at www.gallagherstudent.com/stonehill .The insurance premium on your bill will be canceled ONLY if we receive electronic confirmation from Gallagher Student that the process is completed. The standard late fee is charged against the assessed insurance premium if the waiver process is not completed by the payment due date, regardless of whether or not the insurance is waived.Back to Top
How do I add money to my Hill Card?
Funds can be added to the Hill Card in several ways. Students can bring cash or checks to the Cashier's Office in Merkert Tracy, Room 162. Checks can be mailed to the College Cashier, indicating the student name, ID number and that funds are to be added to the Hill Card. Funds can be added online using a credit card at the following link.Back to Top
How do I change meal plans?
Meal plan adjustments must be made online at myHill, myServices, Maintain Meal Plan. The meal plan enrollment/adjustment period for the fall semester ends on October 1. For the spring semester, the enrollment/adjustment period ends February 15.Back to Top
How do I get a parking decal?
All seniors, juniors, and sophomores, and first year commuters are eligible to have a car on campus. All students with cars on campus must register their cars and purchase parking decals each year. You must register your car on myHill/myCampus/myParking. Residents are charged $110 for the year, and commuters are charged $50 for the year. The charge for the decal will be assessed to your student tuition account.Back to Top
Does Stonehill offer a Tuition Payment Plan?
The College offers both a 4 and 5 month payment plan each semester for a nominal fee. Please refer to our Additional Financing Options page.Back to Top
Does Stonehill offer a Prepaid Tuition Plan?
Yes. Please refer to our Additional Financing Options page.Back to Top
Are there additional costs associated with Study Abroad?
An abroad fee of $750 will be charged to students who choose to study away through a non-Stonehill affiliated program. The abroad fee is waived for students who study abroad during the fall semester only. Since you will remain a Stonehill student while abroad, your other charges will equal those assessed for any Stonehill student. You will receive a bill from Stonehill, including your financial aid, and you must pay the balance due to Stonehill as you normally would.Back to Top
Glossary of Commonly Used Terms
Alien Registration Number
The alien registration number or “A-number” is an identifying number that the U.S. Citizenship and Immigration Services (USCIS) will assign to certain non-citizens.Back to Top
Award Letters are sometimes referred to as “Financial Aid Packages”. Your Award Letter will include details about the financial aid you can expect to receive from Stonehill College and government/private sources for the academic year.Back to Top
The person responsible for repaying a loan.Back to Top
Unpaid interest that has been added to the principle balance of a loan. Future interest is charged on the increased balance.Back to Top
Cost of Attendance/ Budget
The estimated cost of attending Stonehill for one academic year. This amount includes, billed costs, along with estimates for out of pocket expenses, such as:
-Expected charges for one year of tuition and fees
a. Tuition – Charges assessed for classes
b. Fees – Charges assessed for other college services
-Room and board for resident students
-Estimated living expense ?? allowance for rent, utilities, and food for off?campus living
-Estimated transportation costs
-Estimated books and supplies
CSS Profile is short for the College Scholarship Service Profile. It is an application provided by the Collegeboard that allows students to apply for financial aid. It is an on-line form available at http://student.collegeboard.org/profile. The information provided for freshman year is used to determine your eligibility for Stonehill funded need-based scholarships.Back to Top
CUM (Cumulative Grade Point Average)
Measure of overall historic academic achievement at the College, calculated by dividing the total number of grade point received over the total number of credits attempted while in attendance. At Stonehill courses accepted as transfer credits are not included in the calculation of a GPA.Back to Top
Allows you to temporarily stop making payment on your federal student loans. You are not charged interest on subsidized loans during deferment. Interest will continue to be charged on your unsubsidized loans and PLUSloans.Back to Top
Expenses the student/family pays to the college.Back to Top
Direct Deposit (or Direct Payment) is an electronic transfer of funds from one bank account to another (e.g. a system that automatically deposits your paycheck into your bank account electronically each pay period).Back to Top
A form of financial aid that must be repaid with interest. Educational loans
have varying interest rates and repayment terms. Students and/or parents are required to sign a promissory note when accepting an educational loan.
Academic workload (or course load), as defined by the institution, that a
student is carrying for a defined academic period. This relates to the number of credit hours taken by a student during a given academic period. At Stonehill, full-time status = at least 12 credit hours, three?quarter time status = 9-11 credit hours, and half-time status = 6-8 credit hours.
Expected Family Contribution (EFC)
A measure of how much the student/family can be expected to contribute to the cost of the student’s education for the year. The EFC is calculated according to a formula specified in the law and is based upon the information provided by the student and his or her family during the FASFA filing process.Note- When determining institutional financial aid, many schools use more comprehensive calculation using information on the Profile or an Institutional Financial Aid Application which may result in a higher expected family contribution.Back to Top
FAFSA is short for Free Application for Federal Student Aid. It is a form that should be completed annually to determine your eligibility for government financial aid (e.g. the Pell Grant, Federal student loans and Federal Work-Study). This form should be completed annually by Stonehill’s priority filing deadlines.Back to Top
Family Financial Responsibility
Many schools award institutional scholarships and grants based on a more comprehensive calculation of family financial circumstances using information provided on the CSS PROFILE or the College’s own financial aid form. This can result in a higher(or lower) financial responsibility for the student (and his/her family) than the Free Application for Federal Student Aid (FAFSA) might indicate with its Expected Family Contribution (EFC)estimate.Back to Top
Federal Pell Grant
A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need and have an Expected Family Contribution below a threshold designated annually by the U.S. Department of Education.Back to Top
Federal Supplemental Educational Opportunity Grant (FSEOG)
A grant provided by the federal government to qualified undergraduate students who demonstrate exceptional financial need.Back to Top
Federal Work Study (FWSP)
A program that provides part?time employment to students attending institutions of higher education who need the earnings to help meet their costs of postsecondary education and encourages students receiving FWSassistance to participate in community service activities.Back to Top
Fees are costs outside of Tuition and Room & Board that you may be responsible for, depending on your needs and activities while at Stonehill (e.g. Student Health Insurance, Course Fees, Study Abroad Fee, Parking Decal, and Dorm Damage).Back to Top
Financial need is determined by subtracting the Expected Family Contribution from the Cost of Attendance.Back to Top
Full Time students are those who attempt 12 or more credits in a semester.Back to Top
Funds awarded to the student that do not have to be repaid, unless the student fails to meet certain terms, such as a service requirement, specified as a condition of the grant. Gift aid includes awards with titles such as grants, scholarships, remissions, waivers, etc. Gift aid can be awarded based on many factors, including (but not limited to) financial need, academic excellence, athletic, musical, and theatrical talent, affiliation with various groups, or career aspirations.Back to Top
A period of time that generally begins on the day after a borrower graduates, leaves school, or drops below half-time enrollment and ends on the day before repayment period begins. A borrower is not required to make payments during the grace period. Grace periods for subsidized and unsubsidized made under the Direct Loan programs are 6 months, and grace periods for Perkins loans are generally 9 months.Back to Top
Grade Point Average
Grade Point Average (or GPA) is a measure of scholastic achievement calculated by dividing the total number of grade points received in a semester over the total number of credits attempted in that semester.Back to Top
Gift aid awarded to the student that does not need to be repaid. Grants are typically based on financial need.Back to Top
The HillCard is your campus ID card and serves as a debit and access card. Your HillCard is linked to your meal plan and HillDollars account, and is used to access residence halls, borrow from the library, pay campus fees and eat off campus at participating locations.Back to Top
Expenses the student/family may pay to a third party (merchant, landlord, etc.)other than the college.Back to Top
Interest is a fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the borrowed money.Back to Top
IRS Data Retrieval Tool
The IRS Data Retrieval Tool is an easy and secure way to access and transfer tax information directly to the FAFSAapplication, saving time and improving accuracy. Either the IRS Data Retrieval tool or a copy of your Tax Return Transcript will be required, if your file is selected for a process called verification.Back to Top
Job Aid is eligibility for part-time employment for students. Job Aid can help defray day-to-day costs of attending college. Students are paid for hours worked, and there is no guarantee of placement or earnings. Job aid is not creditable to the tuition bill. Job aid may be in the form of Federal Work Study or the Student Employment Program.Back to Top
Master Promissory Note
A Master Promissory Note is a binding legal document you sign when you get a student loan. It lists the conditions under which you are borrowing and the terms under which you agree to repay the loan.Back to Top
Merit Aid or scholarships are a form of gift aid that is awarded because of a student’s achievements or talent in a particular area, such as academics or athletics. It does not have to be repaid.Back to Top
Need Based Aid
Need Based Aid is financial aid that is based upon financial need as demonstrated on the FAFSA and/or Profile application forms.Back to Top
Need Blind means that admission decisions are made without any knowledge of students’ financial circumstances.Back to Top
Amount of direct and indirect costs remaining after all gift aid (scholarship and grant)is subtracted.Back to Top
Part Time students are those who attempt less than 12 credits in a semester.Back to Top
PIN is short for Personal Identification Number. A PIN is often required to access information or complete applications (e.g. the FAFSA).Back to Top
Room & Board
Room and Board refers to lodging and food provided on the College’s campus. At Stonehill, Room & Board consists of your residence hall accommodations and your meal plan.Back to Top
Satisfactory Academic Progress (SAP)
To receive or continue to receive financial aid funded by the state, the federal government, or the college (including loans, grants, jobs, scholarships), you must be making Satisfactory Academic Progess, which requires that you achieve and maintain a cumulative grade point average of at least 2.0 after four semesters of college attendance. In addition, you must complete a minimum number of the total credits attempted.Back to Top
Scholarships/ Merit Aid
Scholarships/ Merit Aid are a form of gift aid that is awarded because of a student’s achievements or talent in a particular area, such as academics or athletics. It does not have to be repaid.Back to Top
Financial aid in the form of loans or student employment. Loans are used to help pay the remaining net costs after gift aid is deducted. Student employment earnings (including work study awards) are not deducted from billed costs but can be used to help cover indirect costs and are paid in the form of wages to the student.Back to Top
Student Aid Report (SAR)
A summary of information your submit on your FAFSA that provides you with your Expected Family Contribution (EFC).Back to Top
Student Employment Program (SEP)
Student Employment Program is a college funded part-time employment program.Back to Top
Process to confirm the accuracy of data provided by the applicant on the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. In order to complete the verification process, students are required to provide certain documents to the school for review.Back to Top