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Previous Page Previous Page   Home AdmissionsFinancial Aid and ScholarshipsAbout Financial Aid : How Financial Aid is Awarded
About Financial Aid
Eligibility
How Financial Aid is Awarded
What is Financial Need?
Financial Aid Packages
Dependency
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Have Questions?
Contact the SMFA Financial Aid office at finaid@smfa.edu or toll free at 800-776-0135
How Financial Aid is Awarded
 
Museum School feels that the primary responsibility to pay college expenses rests with the family and the student. The financial aid programs we administer are designed to help bridge the gap between costs and the family’s measured ability to pay.

Each family’s ability to pay is measured according to a federally established method that takes into consideration a number of factors, including family income, assets, family size, number of children in college, retirement allowances, and income taxes.

Financial need is the difference between a family’s expected contribution and the cost of education. Financial need is determined annually.

Aid is usually awarded on the assumption that you will be enrolled full time. Changes in your enrollment status have a direct effect on your financial aid. You must be properly registered for the appropriate number of credits at the close of the add/drop period or your financial aid may be reduced or revoked.