FINANCIAL AID AND SCHOLARSHIPS
A Chestnut Hill College education is one of the best investments you can make in your future. A college degree puts you on both the path to a more satisfying career and a more lucrative pay scale. We offer abundant financial aid and scholarship opportunities, as well as federal student loans and other payment options, to help our students reach their educational goals.
UNDERGRADUATE
Chestnut Hill College values the effort students give in high school, and based on that, awards more than $38M in scholarships annually, earning the average first year undergraduate student more than $17,500 per year in merit-based scholarships. Students must be full-time to receive scholarships and grants from CHC, and are eligible to receive institutional funding for a maximum of four years (8 semesters).
Scholarship Opportunities
Chestnut Hill College Scholarships and Awards for Student Leadership
These scholarships and awards are offered to you based on your academic achievements. The Chestnut Hill College Admissions Office administers these programs, determining the recipients and award levels for entering freshman/transfers. These awards are renewable as long as you remain in good academic standing, and no additional application is required to apply for these awards. They include:
- Interdisciplinary Honors Program (IDHP) — $5000 scholarship per year, for 4 years
- Tichenor-Greer Scholars Program — $5000 scholarship plus book stipend and support services, for 4 years
Other Scholarships
- Alumni Legacy Award — $2000 scholarship per year, for 4 years for students with a parent, grandparent, sibling or child who is an alumnus of Chestnut Hill College
- Legacy of Service Award — $1000 scholarship per year, for 4 years for first-year students who have graduated from a Catholic high school
Endowed Scholarships
These scholarships recognize students on the basis of academic excellence, leadership, community involvement and other special talents. The Chestnut Hill College Admissions Office determines eligible recipients. No additional application is required.
Chestnut Hill College Grant
The Chestnut Hill College Grant is awarded by the financial aid office staff and is based on demonstrated financial need as determined by the Free Application for Federal Student Aid (FAFSA) and availability of funding.
Athletic Grants
The Chestnut Hill College Athletic Department determines who receives Athletic Grants. Athletic grants are contingent upon the requirements and standards of the Athletic Department. If these requirements are not met the athletic grant may be rescinded. Should this happen, the rescinded athletic grants may not be replaced by other grants. Athletic grants will be credited to your billing account.
Federal Work-Study and Direct Loans
The most common forms of financial support Chestnut Hill College students receive from the Federal government are the Federal Direct Loans, grants, and Work-Study earnings.
Federal Work-Study
Federal College Work-Study earnings are an important source of funding for your education. You may utilize work-study earnings to help defray costs during the academic year. The money you earn will be paid bi-weekly directly to you through a direct deposit account you have established. Since the Federal Work-Study Grant pays you directly, work-study money is not deducted from your tuition bill.
Federal Direct Loans
There are two types of Direct Loans: Federal Subsidized Direct Loan and Federal Unsubsidized Direct Loan.
- The Federal Subsidized Direct Loan is a fixed rate loan for undergraduate students, if eligible. An undergraduate student may borrow up to $3,500 for the first year, $4,500 for the second year, and $5,500 for two additional years, and if needed, an additional $4,000 for the fifth year for an aggregate undergraduate maximum of $23,000.
- The Federal Unsubsidized Direct Loan is a fixed rate loan for undergraduate students. An undergraduate may borrow up to $2,000 per year. Interest may be paid quarterly while you are in school or capitalized (added to principal each year). Repayment of principal starts six months after you leave school and you have ten years to repay the loan.
Other Federal and State Programs
Federal Pell Grants– A Pell Grant is a need-based award that does not have to be repaid. The grant is determined by the Department of Education based on your financial need, calculated from the information you submitted on the FAFSA and your enrollment status.
PA State Grant – This grant is awarded by the Pennsylvania Higher Assistance Agency. To be eligible for this award, you must be a Pennsylvania resident pursuing your first undergraduate degree. The PA State Grant is based on your financial need as determined by the Pennsylvania Higher Assistance Agency from the information submitted on the FAFSA. You must apply before May 1st.
Additional PA State Grant and Scholarship Information
For a complete listing of PA State Grants and Special Programs, please refer to their website at www.pheaa.org. The programs offered are available only to Pennsylvania state residents.
Non-Pennsylvania State Grants
If you are from a state other than Pennsylvania, please check with the Office of Higher Education in your state to find out if your state offers a state grant. Your high school guidance counselor will be a good source of information regarding filling deadline dates and required application dates. Delaware, Massachusetts, Vermont, Maine, Ohio and West Virginia are among the states that allow you to use their grants in Pennsylvania. New York and New Jersey do not allow their grants to be used out-of-state.
Federal Supplemental Education Opportunity Grants– The Federal SEOG grant is awarded to you based on exceptional financial need (i.e. students with the lowest expected family contribution EFCs) and availability of funds. If you are Pell Grant eligible, you will be considered first for the FSEOG grant.
Federal Perkins Loans– The Federal Perkins Loan is a 5% fixed rate loan for students with exceptional financial need. If you receive and accept the Perkins Loan, the Financial Aid Office will send you a Perkins Loan Promissory Note, a Truth-in-Lending Statement, and a Statement of Rights and Responsibilities. These forms will be mailed to you when it is time to complete the loan application. The Perkins Loan will be credited to your tuition account after you submit the signed loan note and required forms to the Financial Aid Office. The Perkins Loan constitutes legal debt that must be repaid.
Federal PLUS Loans (Parent loan for undergraduate students) – If you are a dependent student, the Federal Direct Parent PLUS Loan allows your parents to borrow money for your education. The PLUS Loan has a fixed rate of 7.0%. A 4.264% fee is deducted from the loan from each disbursement. The maximum amount your parents can borrow is the cost of education minus any other financial aid received. Eligibility for the Federal Direct Parent PLUS Loan is determined by a credit check.
New Jersey College Loans to Assist State Students– The NJCLASS program enables parents, spouses, legal guardians or other relatives to borrow on your behalf. You can apply with or without a cosigner as long as your income and credit requirements for the loan are met. There is a fixed, simple interest rate for the life of the loan. NJCLASS offers various repayment options for principal and interest. You must be a New Jersey resident to be eligible for this loan.
National SMART grant (Students majoring in science or mathematics) – The National Science and Mathematics Access to Retain Talent Grant, also known as the National Smart Grant is available during the third and fourth years of undergraduate study (or fifth year of a five-year program) to at least half-time students who are eligible for the Federal Pell Grant and who are majoring in physical, life, or computer sciences, mathematics, technology, engineering or a critical foreign language; or non-major single liberal arts programs.
Other Scholarships
We also suggest you and your student search the FREE and endless possibilities of Scholarships!
Private Educational Loans are available to cover your total cost of education (tuition, fees, room, board, transportation and miscellaneous educational expenses) after all other financial aid has been applied to your costs.