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Undergraduate Admission

Financial Aid Process

Here is a basic guide to financial aid for you to hold on to as you continue through your college search.

Sources of Financial Aid

  • Institutional - Awarded by Xavier University.
  • Federal - Awarded by the federal government.
  • State - Awarded by the student's home state.
  • External - Funding from local clubs or businesses, private lenders, non-profit organizations, etc.

Institutional Aid

Most aid awarded by Xavier is in the form of scholarships and grants. This type of aid does not need to be repaid. Xavier's scholarships and grants include:

  • Merit Scholarships - All applicants are automatically considered for Merit Scholarships based on high school academic performance.
  • Muskie Grants - Muskie Grants are awarded based on both your academic performance and financial need.
  • Event Grants - Event Grants may be earned by attending a qualifying event to experience life as a Musketeer.
  • Competitive Scholarships - Apply to be considered for scholarships based on high academic achievement, community involvement, and diversity.

Federal Aid

Eligibility for federal aid is based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). Federal aid includes grants, loans, and employment:

  • Pell Grant - The maximum Pell Grant for the 2022-2023 academic year is $6,895.
  • Federal Supplemental Educational Opportunity Grant (FSEOG) - The typical award is $1,000.
  • Federal Direct Subsidized Loan - Students who demonstrate financial need qualify for a subsidized loan. The federal government pays the interest on this type of loan while the student is enrolled at least half time and during the 6-month grace period before the student enters repayment on the loan.
  • Federal Direct Unsubsidized Loan - Students without demonstrated financial need may qualify for an unsubsidized loan. The student must pay the interest on this type of loan. The maximum amount of federal loans available per student is $5,500 across both subsidized and unsubsidized loans.
  • Federal Direct PLUS Loan (for parents) - Parents of dependent students may borrow a PLUS loan to help pay for their student's education expenses. The parent borrower must pass a credit check to utilize this loan.
  • Federal Work-Study - This need-based program provides a way for students to earn money to help pay for school through on-campus employment.

FAFSA Tips

  • Save time! If you have filed your tax return, select the IRS Data Retrieval option to automatically transfer tax information to the FAFSA.
  • Be sure to list Xavier's federal school code when completing the FAFSA: 003144