The University of St. Thomas

Financial Aid Basics

What is Financial Aid?

Financial aid is any resource that is available to assist you and your family with paying for your cost of attendance. Financial aid includes scholarships and grants awarded by the University of St. Thomas, the federal and state governments, and private scholarship organizations.  Financial aid also includes student loans provided by the federal government, state government or private lenders. Federal or State Work Study funds, which are awarded on the basis of financial need, are also considered financial aid.

First-time freshmen are considered automatically for St. Thomas Scholarships and Awards by completing the admission process.

Don’t assume you are not eligible for financial aid because your family has a certain income level.  Many factors other than income are used to determine your ability to contribute to the cost of your education.  The important thing to remember is that there are many ways to finance your education.