affordability january

Scholarships (read December’s Affordability Series) are about rewarding you for past accomplishments, and for academic and other talents you bring to a campus community. Although Quincy University awards millions of scholarship dollars, that's not the most important part of the affordability story.

Most of the financial assistance at Quincy goes to students who otherwise couldn't afford to attend. Quincy (and many other institutions) does this to respect YOUR CHOICES. This enables you to attend your first choice university; the one you believe will best meet your needs.

At Quincy, we have a commitment driven by our Franciscan heritage to make sure that all qualified students can afford the personal attention and campus community we offer. This chart illustrates the results of that commitment. As you can see, students from ALL income ranges call Quincy their home.

fafsa

Notes:

  1. Includes all 2013-2014 dependent students who filed a FAFSA
  2. Includes all sources of scholarships, grants, student loans and campus jobs
  3. The chart represents averages and should not be used to project individual awards, which will vary based on family circumstances.

Surprised at these averages? Most students and their families are. We're serious about providing a high quality, yet affordable education. That's why we're so disappointed when students who want to attend Quincy don't file the Free Application for Federal Student Aid (FAFSA).

Don't make the mistake of limiting YOUR CHOICES by not gathering the information you need to make a good decision. To help you with the decision of whether or not to file the FAFSA, here are some of the lame excuses we hear every year:

Comment:
We're not going to file the FAFSA. My cousin went through that process and they didn't get anything from East-Western Megaversity.
Answer:
The basic formula all colleges and universities use is simple:

FAFSA-formula

The EXPECTED FAMILY CONTRIBUTION (what you and your family can afford) is set by the federal government and will be the same for every university you consider. However, COST OF ATTENDANCE is set by each university. Many students who aren't eligible for financial aid at East-Western Megaversity because the tuition is lower do receive assistance at private universities which have a higher COST OF ATTENDANCE. That can level out your cost and enable you to base YOUR CHOICE on non-financial factors.

Comment:
We tried filling out the FAFSA last year when my sister went to college and we didn't get a thing.
Answer:
You'll love this! Having multiple kids in college can be a GREAT thing, at least from a financial aid perspective. The EXPECTED FAMILY CONTRIBUTION figure will be reduced for both you and your sister. That makes it easier for you to qualify for financial aid... and your sister will probably qualify next year as well.

Comment:
Private colleges are for rich kids.
Answer:
That's simply not true. Just look at the income distribution in the chart above. In fact, numerous studies show that students from the wealthiest families attend major public universities. Regardless of your family's financial background, you'll find other students like you at Quincy.

Comment:
All that FAFSA does is qualify us for loans.
Answer:
We distribute about $14.5 million in scholarships and grants. That's about 58% of the money reflected in the charts above. However, you should know that some of the best college loans are only available if you file a FAFSA. So, at the very least, filing a FAFSA means you get some good interest rates on a loan.

Comment:
We're not filing the FAFSA, we just can't afford Quincy.
Answer:
You're making a decision that will have a lasting effect on your career, friends and involvement in community. Don't make a decision without all the facts.

Comment:
It's just too complicated, we'll just settle for a public university.
Answer:
For some students, that may be the best choice. However, there are significant differences in program, personal attention, and campus community; differences that can be linked to stronger career and life outcomes. So don't just "settle." It's too important.

Your next steps:

  1. File the FAFSA online at www.fafsa.gov.  We should receive the results in about 48 hours. Remember, if you have questions just call Quincy's Financial Aid office at (217) 228-5260 for assistance.
  2. List Quincy University as one of the colleges and universities to receive the results. Our FAFSA code is 001745.
  3. If you haven't already done so, apply for admission. Universities only award financial aid to accepted applicants. At Quincy we waive the application fee for online applications.
  4. You should have an admission decision within a week of the time your application file is complete and a financial aid award shortly thereafter.

If you've read this far and you're still wondering about whether to file the FAFSA, here's some good advice regardless of where you are applying - just do it. That may be what brings the enriching campus community and personal attention of Quincy within reach. Most important, you protect YOUR CHOICES by gathering the financial information you need to make a good decision.