Understanding University of San Diego financial aid options?

Hi, I'm considering applying to the University of San Diego, but I'm a little worried about the costs. Can anyone explain their financial aid options? Like, scholarships, grants, or loans? Thank you!

Hi there! The University of San Diego (USD) offers a variety of financial aid options to help its students afford the cost of attendance. These options include merit-based scholarships, need-based grants, work-study programs, and federal or private loans.

Merit-based scholarships: USD offers a range of merit scholarships for students with strong academic, leadership, and extracurricular accomplishments. One of the primary merit-based scholarships USD offers is the Presidential Scholarship, which provides full tuition for undergraduate students. Other merit-based scholarships are awarded in varying amounts based on a student's qualifications. These scholarships don't require a separate application as you will automatically be considered for them when you apply for admission.

Need-based grants: USD also offers need-based grants that are awarded based on your family's financial circumstances. To be considered for need-based financial aid, you'll need to complete the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. The FAFSA will help determine your eligibility for federal financial aid, while the CSS Profile is used by USD to award its own grants.

Work-Study Programs: Federal Work-Study is a need-based program that provides part-time employment opportunities for eligible students, allowing them to earn money to help pay for their educational expenses. If you're eligible, you'll be notified in your financial aid award package. Campus employment opportunities are also available for students who do not qualify for Federal Work-Study.

Federal and private loans: Once you've explored scholarships, grants, and work-study, you may still need additional funding. Federal student loans are a commonly used resource for covering remaining educational costs. You'll need to submit the FAFSA to determine eligibility for federal loans. As for private loans, they are offered through private financial institutions, and the terms and conditions can vary considerably. It's essential to carefully research and compare different private loan options before making a decision.

Remember that USD's financial aid office is always available to help and provide more information about the various options available to you. Don't hesitate to reach out to them with any questions or concerns you may have. Good luck!