The Financial Aid Award
The school communicates with the student via a Financial Aid Award.
The University of New Haven determines the amount of federal and institutional financial aid that can be awarded to a student. Awards offered are reported on the Financial Aid Award. The Awards that are offered make up a “Financial Aid Package”. Families should review the Financial Aid Award and all literature provided to be sure they understand each award listed, such as:
1. Is the award a loan (money that will have to be repaid)?
2. Is the award a grant or scholarship (money that does not have to be repaid)?
3. Is the scholarship offered renewable and what is the criteria for renewal?
Note: Federal Work Study awards are funds a student must work to earn. This money is slowly earned throughout the academic year as the student works part-time, and submits time sheets for payment. This money is paid directly to the student for the hours they work, therefore it is not posted as a credit to the Bursar's bill like the other types of financial aid.
There is limited funding for the university grants and for some of the federal programs, such as the Supplemental Educational Opportunity Grant, and Federal Work Study. If your Financial Aid Award does NOT include these programs, you were either:
1. Determined to not be eligible for these programs
2. We did not have enough funds to offer these programs to you