3 - SNHU Academic Archive

84
The Uniform Methodology estimates
the parents contribution towards education
on the basis of the amount of the parents'
income and assets as well as a consideration
of taxes, medical expenses, and other
liabilities of the family. The student
applicant's income, generally from summer
employment prior to the academic year for
which he/she is seeking assistance, and
assets are also considered in estimating the
total family resources which may be utilized
to meet the student's cost of education.
The difference between a student's
cost of education and the estimated family
contribution as well as support received
from sources outside the College, is the
student's demonstrated financial need. It is
generally the College's policy to award
scholarships and other student aid within the
limits of a student's demonstrated financial
need.
New Hampshire Coilege ranks
scholarship and assistance applications
according to academic performance and
considers each applicant in order of his/her
grade-point-average, descending from the
highest to the lowest. Incoming freshmen
students are ranked according to their high
school grade-point-averages; enrolled and
transfer students according to their college
grade-point averages.
Priorities and entitlements under
federal and state programs are recognized
and honored as are institutional programs
which carry commitments to specifically
identified students.
Students not entitled to special
consideration compete for available funds
on an academic basis within the limits of
their demonstrated financial need. Where a
student ranks within the applicant group may
well have a bearing on the student's
selection for participation, the percentage of
need met and the make-up of his/her
financial aid package; that is the balance
between gift assistance and self-help (work
assistance and loan assistance). It therefore
behooves each student to recognize and
diligently pursue his/her academic responsibilities.
THE APPLICATION PROCESS
Students who wish to apply for scholarship
and student aid consideration should submit
(1) a formal SCHOLARSHIP AND ASSIS-
TANCE application form and (2) an acceptable
financial statement, the College
Scholarship Service's FINANCIAL AID
FORM (FAF). New Hampshire College
usually makes its determinations on an
annual basis; in the springtime for the
following academic year which includes
terms starting on or after the next July 1 st.
Freshmen students applying under the
College's EARLY FINANCIAL AID OPTION
have a deadline of December 15th.
Other first time applicants, freshmen,
transfer students and returning upperclassmen
not currently having scholarships and
assistance, have a deadline of March 15th.
Renewal applicants, NHC students
having scholarships and assistance during
the current academic year, must reapply by
April 15th. IT IS IMPORTANT to remember
that student aid awards are not automatically
renewed. YOU MUST APPLY EACH
YEAR.