Posts Tagged ‘CSS Profile’

I Can’t Afford Holy Cross

Wednesday, December 9th, 2009

TranKim-Senior.BLOG2Did you break out in a sweat, hyperventilate, or struggle to breathe for a second when you first saw the nearly $50,000 price tag for attending Holy Cross?  Without a doubt, $50,000 per year is a hefty price to pay for a college education whether it be in this dire economy or in a vibrant economy of several years ago, and some of you may have decided to not apply because of the sticker shock.  However, you might be surprised at how affordable Holy Cross can be for you and your family because of our very comprehensive and very generous financial aid package. 

 There are two major policies that you need to be aware of when it comes to financial aid at Holy Cross.  First, we apply a need-blind admissions process when reviewing your application which means that we do not take your family’s financial circumstances into consideration when looking at you for admission into Holy Cross.  If you have great credentials, you will be fully considered for admission into Holy Cross regardless of how much money your family has.  We do not look at you any differently if your family has a ton of money and can pay $50,000 out of your pocket or if your family is on the opposite end of the spectrum and can’t afford one penny of the $50,000 price tag.  Second, we are a school that is fully committed to meeting every family’s demonstrated financial need in order to attend Holy Cross.  In essence, if you are admitted into Holy Cross and demonstrate financial need, you can be assured that we will meet that need by 100%. 

 There are two caveats to that policy.  First, the need we determine is based on federal guidelines and looks at your family’s household income and asset values and is not based on what you determine to be your personal financial need.  Second, we only consider you for financial aid if you submit all of your paperwork to us on time by February 1st at the latest.  There are two important forms that you need to submit to Holy Cross in order to be considered for financial assistance:  The Free Application for Federal Student Aid (FAFSA) and the CSS Profile.  To access these forms, please visit our financial aid site.   In addition, if you come from a single parent household, the CSS Profile will require you to submit the Non-Custodial Parent form that asks for financial information from your non-custodial parent.  Also, if your family owns a business or a farm, the CSS Profile will require you to submit a Business/Farm supplement that asks  income information from these two sources.  If either of these circumstances applies to you, it is very, very important that you submit the additional information that is asked of you.  If for some reason, you are not able to get the required information (i.e. your non-custodial parent has never been in the picture), you need to contact the financial aid office immediately to explain your situation and get instructions on how to proceed.  If you submit all the required forms in completion to Holy Cross, you will be fully considered for financial assistance from Holy Cross. 

With all this said, at the end of the day, you should never let a college’s price tag deter you from applying.  Every college has its own way of disseminating financial assistance and scholarship funds and you never know what you may qualify for and ultimately receive for financial assistance.  The most expensive schools can sometimes be the most affordable schools because financial aid provides you with enough assistance to lower the price tag.  Instead, you should choose a school that has the programs and the atmosphere that is the best fit for you, apply to those schools, complete all the necessary forms for financial assistance and scholarships and then see what you end up receiving in financial assistance.  Once you get all your packages, you can sit down and decide what schools are financially viable for you and your family.

 

Tran Kim-Senior

Assistant Director of Admissions

Coordinator of Multicultural Recruitment

Early Decision Versus Regular Decision

Tuesday, November 3rd, 2009

AnnMcDermott.BLOG2During my travels last week I received a number of questions about Early Decision…who should apply, what is the process, are there benefits to applying ED?  If you have had similar questions, please read on!

By applying Early Decision you are stating that Holy Cross is far and away your first choice for college. There should be no doubt in your mind that this is absolutely the place you want to be.  The process is binding, which means that if admitted to Holy Cross, you will withdraw all other applications and enroll here.  This is a serious commitment, so the decision to apply ED should not be made casually.

Unlike Regular Decision, Early Decision files are reviewed on a rolling basis, beginning November 1.  Once an application is complete, the application will be read by two members of the Admissions staff, and then presented to the full Admissions Committee. Students are notified of the decision as soon as they are made.  Therefore, the earlier you apply and complete you application, the earlier you will receive your decision. The deadline for applying ED is December 15.

If you plan on applying for Financial Aid, you will want to submit the CSS Profile at the same time you submit your application for admission.   Our financial aid policies for ED are exactly the same as for Regular Decision.  We are need-blind in the application process, which means that we do not consider the level of financial need in making our admissions decisions. We also meet full demonstrated need for all admitted students.  Financial aid for Early Decision is packaged in exactly the same way as in Regular Decision. However, if you and your parents are interested in comparing aid packages from other colleges, then applying Regular Decision would be the better course of action.

So what are the advantages of applying Early Decision? An Early Decision application demonstrates your commitment to and excitement about attending Holy Cross. Because the applicant pool is smaller, we have more time to evaluate your candidacy.  We respect the commitment you are making to Holy Cross, and value the fact that you are committed to attending the College.  Both of these factors are given serious consideration as part of our decision making process. Also, an Early Decision acceptance alleviates the stress of the college search during the remainder of your senior year!

Ann McDermott
Director of Admissions