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What funds are available to meet my
financial aid eligibility?
During 2008-2009 over $27 million of scholarship and grant
aid will be available to
Pomona's students. Approximately another $2 million
will be available for student employment.
How is my financial aid awarded? What is a financial aid
package?
Beginning in 2008 all financial aid awards made by Pomona College
will be a
combination of gift aid (scholarships and grants) and
student employment. The College's
Office of Financial Aid will prepare a financial aid package
for each admitted student who demonstrates financial aid
eligibility.
An individual award would include Pomona Scholarship along
with any appropriate federal or state grants and a work
stipend.
For example, a financial aid package for a first-year
non-California resident whose eligibility is $29,000 might
look like this:
| Pomona Scholarship |
$27,300 |
| Student Employment |
1,700 |
| Total Aid |
$29,000 |
A California resident with an eligibility is $29,000 might
have a package that looks like this:
| Pomona Scholarship |
$17,192 |
| Cal Grant |
9,708 |
| Federal Pell Grant |
400 |
| Student Employment |
1,700 |
| Total Aid |
$29,000 |
How do I receive my financial aid?
All students have accounts set up at the College's Business
Office. Each semester one-half of your financial aid award
is credited to your account. Grants and scholarships are
automatically credited each semester; if a student or parent
borrows to cover a portion of the family share, the loan is credited as
an expected amount until the College receives a signed
promissory note or, in the case of the Federal Stafford or
PLUS Loan
Program, proceeds have been received by the College. Federal
work-study wages and earnings from other work are not
credited to student accounts. Students receive paychecks
every two weeks for actual hours worked.
What happens if I receive an award from a source other than
Pomona College?
Students must inform the Office of Financial Aid of any
outside awards received so that the awards can be
coordinated with the financial aid that is offered by the
College. Pomona College recognizes both the honor and the
extra effort implicit in these awards; therefore, an
adjustment to student employment is
made before any adjustment to Pomona scholarship is made. |
