Determining Your Financial
Eligibility for the Phillips Scholarship
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Financial eligibility for the Phillips Scholarship
is determined by several factors:
- Substantial unmet need
- Heavy Student loan burden
- Admission and subsequent enrollment in an institution with a liberal
outside grant policy (i.e. the school reduces self-help and unmet
need before reducing its own grants when a student receives outside
scholarships).
Before applying for the Phillips scholarship,
you should determine if you qualify financially. Using your financial
aid award letter from the school you will be attending and the correct Cost
of Attendance figure from our list, make the following calculations.
Cost
of Attendance
Cost of tuition,
room, board
and fees
*Click
below to determine your cost
Cost
of Attendance
|
-
MINUS |
Expected
Family
Contribution
See
FAFSA Information
The EFC from your
Free Application for Federal Student Aid, Student Aid Report
- it is the amount your family is expected to contribute to
your college education |
=
EQUALS |
Eligibility
How much aid you are
eligible to receive according to the federal government |
From your Financial Aid Award Letter:
Grants
e.g. college or university
grants, state, Pell, SEOG grants |
+
PLUS |
Loans
e.g. college and university,
Stafford, Perkins loans |
+
PLUS |
Work
Study |
=
EQUALS |
Total
Aid
|
To determine your financial eligibility:
Eligibility |
-
MINUS |
Total
Aid |
=
EQUALS |
Unmet
Need |
If the sum of Loans and Unmet Need
exceeds $6,000, you are eligible for financial consideration for an
award from the Phillips Scholarship.
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