APPLYING FOR AID
INTRODUCTION TO FINANCIAL AID
Saint Paul College financial aid is available to help students finance the cost of an education. Most students are eligible for financial aid.
Saint Paul College School Code: 005533
Financial aid comes in the form of grants (money that the student does not have to pay back), loans (money that the student must pay back) and college work-study (money the student earns through employment).
Eligibility is determined from the results of the Free Application for Federal Student Aid (FAFSA).
| Financial Aid (Room 1300) | Financial.Aid@castingmoldingmachine.com | 651.846.1386 |
| Monday | 8:30am – 6:00pm (last check-in at 5:45pm) |
| Tuesday | 8:30am – 5:00pm (last check-in at 4:45pm) |
| Wednesday | 8:30am – 5:00pm (last check-in at 4:45pm) |
| Thursday | 8:30am – 6:00pm (last check-in at 5:45pm) |
| Friday | 9:30am – 3:30pm (last check-in at 3:15pm) |
| Closed on October 4 and October 15. |
Please allow at least 60 minutes to complete the Financial Aid application.
A valid government-issued picture ID (such as a Driver’s License, state ID, or passport) is required in the Admissions & Financial Aid Office (Room 1300). Pictures and copies of ID are not allowed.
A valid government-issued photo ID is required to receive a Saint Paul College ID Card (SPC Card). Please see below for acceptable forms of ID.
FINANCIAL AID DEFINITIONS
The FAFSA is the Free Application for Federal Student Aid, FAFSA. This is the application for all types of financial aid: grants, loans, or college work-study.
More information about financial aid resources is available on the Federal Student Aid website.
The cost of education includes tuition, fees, a room and board allowance, books, supplies, a transportation allowance, and a personal expense allowance.
2024 – 2025 Cost of Attendance – Direct Cost (based on 15 credits)
2024 – 2025 Cost of Attendance – Indirect Cost
Total for Terms
An amount, determined by a formula called Federal Methodology, indicates how much of the student and his or her family’s resources should be available to help pay for school. The Expected Family Contribution (EFC) is now called the Student Aid Index (SAI). This change aims to better reflect the purpose of the financial aid process. If a student has unusual expenses that may affect his or her ability to pay for school, the student should complete the Professional Judgement Appeal – Special Circumstances Income Adjustment.
Financial need is the difference between the cost of education and the expected family contribution calculated by the federal processing center.
The Pell Grant is no longer determined by your enrollment level (full-time, part-time, etc.). The Pell Grant and Minnesota State Grant is based on the exact number of credits you are registered for.
COST MANAGEMENT
Managing your tuition payments in order to save money can be overwhelming. This Managing your College Costs brochure covers 7 steps to receiving Financial Aid, key contacts for commonly asked questions, and important policies & terms which can affect your college balance.
NET PRICE CALCULATOR
The Net Price Calculator is a tool for students and parents to use to get an estimate of what it may cost to attend Saint Paul College.
Financial Aid disbursement
Saint Paul College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. For more information about BankMobile Disbursements use the buttons below.
FINANCIAL AID RESOURCES
The Saint Paul College Financial Aid Office will calculate financial aid eligibility after receiving FAFSA results and all required documents.
Financial aid is intended to supplement the difference between the cost of education and the expected family contribution. The student and his or her family have the primary responsibility to pay for the student’s education. Several resources are available to help students meet their educational expenses.
Contact Us
Phone: 651.846.1386
Fax: 651.403.4059
Email: Financial.Aid@castingmoldingmachine.com
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