About Financial Aid


Financing a college education is a significant investment for any family. But, often, financial aid makes it possible for students to attend a private college at costs that are similar to those of state colleges or universities.

A financial aid package may include several types of assistance: scholarships and grants, federal work-study (part-time jobs), and student/parent loans. Grants and scholarships do not need repayment, but loans do. Because grants and scholarships cannot completely cover the cost of an education, qualified students may receive self-help assistance in the form of student jobs and loans.

A college education is a long-term investment in which both students and their parents have a financial stake. An important way for students to learn financial responsibility is to help pay for their education. Recent changes to federally-sponsored Stafford loans, including generous interest rates and repayment terms, make these loans a manageable way for students to pay for part of their education.

Affordability

Many students and their parents assume that attending a private college will cost too much or that their income is too high for them to qualify for financial aid. Often these assumptions are not correct. Financing a college education is not easy. It involves a significant commitment on the part of students and parents, but in most instances financial aid will make it possible for a student to attend a private college often at a cost similar to costs at state colleges or universities. In any case, you will never know whether you can afford to attend Unity College unless you apply for admission and financial aid.

Unity College will continue to do everything possible to make it financially possible for qualified students to attend. Approximately 80 percent of Unity students receive financial assistance.

Some financial aid is in the form of grants and scholarships, which do not have to be repaid; but Unity College, like most colleges and universities, is not able to meet the entire financial need of its students with grants and scholarships alone. Therefore, we make self-help assistance, such as student jobs and loans, available to qualified students. A college education is an investment in which students as well as their parents have a financial stake. An important way for students to learn financial responsibility is to help pay for their education. In recent years, the generous interest and repayment terms of federally sponsored Stafford Loans have made these loans a manageable way for students to pay for part of their education.