So here's the thing - my eyes gloss over when I'm looking at all this financial aid paperwork for Belmont Abbey. How can I understand it better? Do they offer reasonable packages? Anyone have experiences they can share?
Understanding college financial aid can certainly feel overwhelming! Let's break it down.
Belmont Abbey provides aid to a significant number of its undergraduates, with about 100% of students receiving some form of aid, mostly in the form of scholarships and grants. Merit scholarships at Belmont Abbey are based on a combination of GPA and SAT/ACT scores (if provided). In addition, there are several institution scholarships available to students who meet specific criteria, like corporate scholarships for dependents of employees at certain companies or music scholarships for involvement in the music program, among others.
Need-based aid is also available and is calculated by the information you provide in your FAFSA, which translates to your Student Aid Index (SAI). The lower your family's SAI, the more need-based aid you might be eligible for. The financial aid award letter from Belmont Abbey will break down how much you are getting in federal and state grants, work study, and loans.
While this information might shed some light on Belmont Abbey's financial aid offerings, everyone’s experience will be personal and situation-dependent. The best resource for you would be the financial aid office at Belmont Abbey itself. They're there specifically to help students and parents navigate the intricacies of the financial aid process.
Remember, you can also use the net price calculator (https://www.belmont.edu/sfs/cost/net-price-calculator.html) to get an estimate of what you may expect to pay. This can give you a good starting point before the official financial aid package arrives.
Knowing the kind of support Belmont Abbey offers and using resources like their financial aid office and net price calculator will hopefully make the process less daunting and more approachable for you.
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