Paying for College

There are a wide variety of ways to pay for your education.

We’re the least expensive private school in the state and we also offer extensive financial aid. Ancilla College distributes over $3 million annually in financial aid, including over $400,000 annually in scholarships, to some 400 students. We want to help make a college degree from Ancilla a reality for you.

Start with something free…

This is the beginning step for all financial aid including student loans. It’s very important and it’s free to fill out and submit!  Apply for federal student aid using the Free Application for Federal Student Aid (FAFSASM).  And remember, the first F in “FAFSA” stands for “free”—you should never pay to fill out the FAFSA!

You should always fill out the FAFSA, even if you don’t think you’ll qualify for need-based financial aid. The information you provide helps us determine your eligibility for all sorts of programs that may help you pay for college. Ancilla’s FAFSA code number is 001784.

Important note:  There is also no age limit for financial aid. Filling out the FAFSA is worthwhile for working adults who want to qualify for state or federal educational grants, scholarships and loans.

Expected Family Contribution

Eligibility for many financial aid programs is often determined by a student’s Expected Family Contribution (EFC). The EFC is a number derived from information submitted on the FAFSA. This calculation takes into account such factors as your adjusted gross income, non-taxable income, assets, and household size.

· If a student is dependent (by FAFSA’s standards), the EFC is based on both student and parent information.

· If a student is independent (again, by FAFSA’s standards), only the student’s—and, if applicable, their spouse’s—information is included in the EFC calculation.

Once the FAFSA processing system determines a student’s EFC, the EFC is provided to all the schools listed on the student’s FAFSA.

The EFC represents the amount that the federal government expects a student’s family should be able to pay towards the student’s education. However, the EFC is not a fixed amount that the family must pay Ancilla College, sometimes a family pays more than their EFC, and sometimes they pay less. It is better to view the EFC as a tool which helps us to determine the type of aid for which a student is eligible and enables us to create a student’s financial aid package.

This website –  FAFSA4Caster  – offers an Expected Family Contribution Calculator.  This calculator does not provide the amount of financial aid you may receive. Instead, it calculates an estimate of what a family is expected to contribute towards the student’s educational expenses for one academic year and helps you estimate financial need.

Ancilla College will create the best package possible for each of our students. Based on the student’s eligibility and fund availability financial aid may not cover the difference between the family’s EFC and the cost of attendance.

Different Types of Financial Assistance

  • Grants

Grants are financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund).

  • Loans

Loans are borrowed money for college available to students and parents. You must repay your loans, with interest.

  • Work study

Work study is a need-based work program at school through which you earn money to help pay for school.

  • Payment Plans

You can also make arrangements to pay for school over time with the Business Office.

The priority filing date for federal and state financial aid is March 10 (received-by date) for the following academic year. For deadlines and specific requirements visit the Financial Aid Office or check the Ancilla College Scholarships page.

Financial Aid

1.  Students seeking financial aid must complete the Free Application for Federal Student Aid (FAFSA).

2.  Students whose FAFSA are chosen for verification of information and/or have conflicting information, must provide all requested information and documentation to the Financial Aid Office. No awards can be made until all information is reviewed, corrections made if needed, and the information is received back from the Central Processor.

3.  Awards shall be made only after a student has been officially accepted for admission and has registered for classes.

4.  Students must be pursuing a degree or eligible certificate program.

5. Students who qualify can receive financial aid for all classes to which credits are applied toward their degree or certificate program.

6.  Students and/or parents seeking to borrow loans must also complete the Free Application for Federal Student Aid (FAFSA) and all necessary loan application requirements.

7.  Students must apply for aid each academic year regardless of whether or not they received aid in the previous year.

8.  Transfer students and/or re-entry students who have attended another institution since their last semester at Ancilla College must submit final transcripts from all previously attended colleges. Financial aid cannot be paid for classes that were previously completed successfully, unless time limits on completion apply to the area of study.

9.  Special Family Circumstances:

Loss of income due to job layoff or business closure, death of an income provider, or unusually high medical expenses not covered by insurance cannot be shown on the FAFSA. The U.S. Department of Education does understand that many conditions could affect the financial circumstances of the family after the previous year’s taxes have been filed. A Special Circumstances Form may be requested from the Office of Financial Aid. A completed form, along with supporting documentation as shown on the form, is required for consideration.



Pell Grant:
The Federal Pell Grant Program provides grants to undergraduate students who have financial need and meet the requirements for federal student aid assistance. Pell Grants require no repayment. Beginning with the 2012-13 academic year – new Pell Grant recipients are able to receive up to the cap of 12 full-time semesters worth of Pell Grant awards during their undergraduate education career, based on financial eligibility.

Federal Supplemental Educational Opportunity Grant Program (SEOG):
The purpose of the SEOG program is to provide grants to exceptionally needy undergraduate students to help pay for postsecondary education. These grants are provided to a limited number of undergraduate students with financial need. Requires no repayment.

Federal Work-Study (FWS):
Through the Federal Work-Study (FWS) Program, undergraduate students may work part time to help pay for the cost of their education. Students must be enrolled at least half-time and have financial need as determined by the Department of Education. Work-study jobs are awarded to those who qualify by the Office of Financial Aid. Wages are paid semi-monthly. Job descriptions and the online application can be found here: Work Study Application.

The Federal Direct Stafford Student and Parent Loan Program 

Direct Subsidized Stafford Loans are available to students who demonstrate financial need. Because the U.S. Department of Education subsidizes the interest, borrowers are not charged interest while they are enrolled in school at least half time and during grace and deferment periods.

Direct Unsubsidized Stafford Loans are available to students regardless of financial need. Borrowers are responsible for paying the interest that accrues.

A student may be eligible to receive both subsidized and unsubsidized Federal Stafford loans, but the total of both loans must not exceed the federal loan limits. For more loan information and application steps contact the Financial Aid Office.

Direct PLUS Loans (Parent Loan for Undergraduate Students): PLUS Loans allow parents to borrow on behalf of their dependent undergraduate students who are enrolled at least half time. As with unsubsidized Stafford loans, borrowers are responsible for the interest that accrues on PLUS Loans throughout the life of the loan.

Indiana Financial Aid Programs

Students must file for state and federal financial aid by completing and submitting the Free Application for Federal Student Aid (FAFSA) on time according to the Indiana State guidelines. To be considered on time, the federal processor must receive the student’s completed FAFSA on or before March 10th of the year preceding the fall to which the awards are to be applied. Any updates or corrections to a FAFSA must be made on or before May 15th of the same year in order to clear any IN State “edits.”

Frank O’Bannon Grant (formerly the Indiana Higher Education Grant) Program: The Frank O’Bannon Grant is designed to provide access for Indiana resident students to attend any eligible participating college or university in Indiana. The grants, targeted to tuition and fees, are need-based and do not require repayment. The dollar value of state grants will vary from year to year. Full-time enrollment is required.

The Twenty-First Century Scholars Program began in 1990 as Indiana’s way of raising the educational aspirations of low- and moderate-income families. The program aims to ensure that all Indiana families can afford a college education for their children.

Income-eligible 7th and 8th graders who enroll in the program and fulfill a pledge of good citizenship to the state are guaranteed to receive awards toward the cost of college tuition at any participating college or university in Indiana. The student must be enrolled full-time in order to be considered for this award. Requires no repayment.

Indiana Part-Time Grant: This program is designed to encourage part-time undergraduates to start and complete their degrees or certificates. It is specifically designed to help those students who are taking at least 3 but less than 12 credit hours per term at an eligible college or university. The part-time grant is a limited need-based award and requires no repayment.

The students must have filed a FAFSA and otherwise qualify for state aid. Program eligibility is determined at the institutional level subject to approval by the State Student Assistance Commission of Indiana (SSACI).

The preceding items illustrate the major financial programs offered at Ancilla College. Students can inquire about additional information by contacting the Office of Financial Aid at Ancilla College in person, or by phone (574-936-8898).

State Student Assistance Commission of Indiana
Suite 500
150 West Market Street
Indianapolis, IN 46204
Phone: (317) 232-2350
Toll-Free (Indiana residents only): (888) 528-4719

Ancilla College Grants and Scholarships

Students applying for scholarships must submit a FAFSA form or receive a waiver from the Office of Financial Aid. Announcements of available scholarships, application deadline dates, and new scholarships are on the scholarships page of the Ancilla College website ( under the financial aid link. A notebook of available scholarships is located in the Admissions/Financial Aid Offices.

Students can inquire about additional information by contacting the Office of Financial Aid at Ancilla College in person, or by phone (574-936-8898), or click here for more.