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First-Year-Experience

 

 

Managing Finances

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Financial Aid Office

St. Ambrose University is committed to helping students from all financial backgrounds achieve their dreams of gaining a quality education. Many families believe that they will not qualify for financial aid, but almost 90 percent of St. Ambrose undergraduate students receive financial aid assistance.

There are many opportunities for scholarships, grants, loans, and a variety of other financial aid resources to help offset expenses. Our knowledgeable staff will guide you and your student through the financial aid process.

FAFSA

All students filing a FAFSA are eligible for federal loans. There are two different types of federal loans: the Federal Direct Loan and the Federal Perkins Loan. Which type of loan your student is eligible for depends on the information collected from the FAFSA. The Financial Aid Office determines which types of federal loans your student is eligible for, and the loans will be listed on your student's official award letter.

Work Study

Work study is determined by the federal government and is based on your FASFA. If you are eligible for work study, it will be indicated on your Financial Aid award letter. The guidelines will help you determine how to move forward in the work study application process.

Non-Work Study Campus Jobs

Non-work study students are paid the minimum wage $7.25/hour for most jobs throughout the university. Sodexo (food service) pays $8.00/hour. This is a great opportunity for your students to work in between their class schedules without necessarily needing transportation to get to work!

Helping Your Student Create and Manage a Budget

Helping your student become financially independent can be difficult. There are many resources available to ease the process, including helping your student create a budget, manage a credit card, and how to plan for life after graduation. Having these conversations with your student early-on can help make your student's transition to college successful.