Financial Aid FAQs

Financial Aid FAQs

New students are automatically reviewed for scholarship eligibility by their admission counselor.

Students need to complete the Free Application for Federal Student Aid (FAFSA). Students and their parents will need to provide information, such as family income, assets, household size and number in college. The FAFSA can be completed and submitted online at beginning Oct. 1.

Hood’s school code is 002076.

No, you may apply before you are accepted, but you will not receive a financial aid award letter until you have been accepted. We encourage you to apply for aid even if you have not yet been accepted so we can process your aid application as soon as possible upon your acceptance.

Hood College has a preferred filing deadline of Feb. 15 for incoming first-year students. By filing early, you increase the chance of knowing your eligibility by early March.

Yes, each year Hood College awards more than $6 million in merit-based scholarships. Students are automatically considered for scholarships at the time of admission. No additional applications are required, except when applying to the Honors Program.

Hood College's code is 002076.

Financial need is determined by subtracting your EFC (Expected Family Contribution as determined by the FAFSA) from the total cost of education for the year.

Since costs vary among colleges and universities, your need will also vary from one institution to another. Your EFC, however, may stay the same at all colleges and universities. Therefore, it is likely that a student will receive more assistance at a higher cost private institution compared to a less expensive public college because the student's financial need will be higher at a private institution.

A student's financial aid package is a listing of all financial aid for which a student is eligible. It may consist of any combination of the following: grants, scholarships, loans and work-study.

No, there is no income cut-off for financial aid. While income is a factor when determining eligibility for need-based aid, other factors, such as household size, number of family members in college and the age of the oldest parent, are also taken into account. We encourage all students to apply for financial aid.

The financial aid office prepares award letters for students who have been accepted for admission and who have completed the FAFSA. We will notify you of your eligibility for all assistance, including scholarships, grants and loans, in your financial aid award letter.

Contact the financial aid office, and we will advise what you need to do to be re-evaluated based on the change in circumstances. Most likely, you will have to complete some additional forms.

The custodial parent is the parent that must complete the FAFSA. If the custodial parent has remarried, then the step-parent's financial information must also be provided.

Hood College scholarships will be renewed for each year that students are a full-time undergraduates, as long as that student continues to meet the scholarship requirements. Scholarships are available for use in the first eight semesters of enrollment. Eligibility for federal and state aid, as well as Hood grants, will be re-evaluated each year. Students will be required to complete a Renewal FAFSA each year so that eligibility for federal aid, state aid and Hood grants can be determined. Eligibility may change as information on the FAFSA changes from one year to the next.

Students must notify the financial aid office of any outside scholarships you have been awarded. We will need to know the source and amount of the scholarship(s). Outside scholarships may reduce the amount of a student's loan or work commitment. They may also reduce a portion of the College's grant aid.

Learn more about Hood College's residency requirement.

Please contact the Office of Financial Aid at