Financial Aid at HCU
Most financial aid at HCU is determined on the basis of a family’s demonstrated financial need. Need is determined from the financial information you and your parents provide to the University. In addition, the university uses the information families submit on the Free Application For Federal Student Aid (FAFSA).
An important underlying assumption in determining need is that parents will assist with educational expenses to the extent their income and assets permit; and students will share in the costs of education by working, borrowing, and saving. In evaluating students for institutional aid, except in the most extraordinary circumstances, HCU considers all undergraduate students to be “dependent” unless the student meets the federal definition of “independent.” For those students whose families cannot meet educational costs, as determined by a standard set of criteria, help is available in the form of government grants, loans, and work-study. Also, through the generosity of our donors, Heritage Christian University has scholarship and institutional funds available to help supplement federal assistance.
The Expected Family Contribution (EFC)is how much families will be expected to contribute to college costs, and it helps to determine how much financial need a student has. An EFC Calculator can be very helpful in getting a pre-FAFSA determination. It helps to estimate how much the expected family contribution will be, but families should be aware that financial aid estimates are only as good as the data on which they are based.
Award packages are developed with the assumption that applicants wish to receive the maximum amount of gift aid (grants and scholarships). Financial need not met by gift aid awards may be met with work-study or loan assistance, depending on the student’s requests and on other factors. For many applicants, full financial need cannot be met with federal student aid. Students’ aid packages may require adjustments to avoid an over-award, defined by federal regulations as financial aid in excess of financial need. Students who are awarded institutional or federal aid and who later receive additional aid not considered in the development of the initial aid package may receive an adjusted award letter reducing aid as required by law. Over-award adjustments may require students to return funds previously received as a refund. Due to Heritage Christian University’s commitment to releasing refunds early, over-awards may be corrected after refunds are disbursed.
In preparation for the upcoming semester, if you plan at anytime to use federal direct loans to help pay for your education, please complete the Federal Direct Loan Master Promissory Note (MPN) and the Direct Loan Entrance Counseling.
*You will need your FSA ID to Sign in under the Manage My Direct Loan section.
*If you do not already have an FSA ID, create one now.
*Click here for more information about the Direct Loan Program
*Contact the Associate Director of Financial Aid (firstname.lastname@example.org).