Financial Need
All need-based awards require the student to be degree-seeking, demonstrate financial need, and maintain satisfactory academic progress (SAP). The number of credit hours enrolled also affects the types and amount of need-based aid awarded.
To determine a student's financial need, the student must complete the FAFSA. Need for financial aid is determined by the following calculation: COA - SAI = Need
COA (Cost of Attendance) is the total price of attending college. The COA consists of direct charges and indirect costs. Direct charges are what is paid directly to the college (such as tuition and fees, as well as room and meals if living on-campus). Indirect costs are expenses not paid directly to the college (such as books and supplies, transportation, and personal expenses).
The SAI(Student Aid Index) results from a formula calculated by the U.S. Department of Education upon completion of the FAFSA. The SAI is an eligibility index number that the college's or career school's financial aid office uses to determine how much federal student aid you would receive if you attended the school.
The FAFSA for the following year should be available in October and students may complete it online at Federal Student Aid- FAFSA Application. Students should list Hood College (school code 002076) on the FAFSA. We recommend submitting the FAFSA by our priority date of March 1 to be considered for all types of need-based aid. However, you may submit the FAFSA before the end of the semester in which you are enrolled if you need financial assistance for college.