Step 2: Financial Aid for Domestic Students

Thomas More College is dedicated to making our education affordable for all qualified students. The financial aid process is considered the second step towards enrollment in the College. Only accepted students can be given a financial package by the College. If you still need to apply, simply return to the Admissions Process Overview page to get started.

All financial assistance offered by the College is determined by calculating the student’s demonstrated financial need. Financial need is determined by subtracting your Expected Family Contribution (EFC) from the total educational costs at Thomas More College. The EFC is derived from the information you report on your Free Application for Federal Student Aid (FAFSA), which is the federal methodology for determining family contribution. Need-based financial assistance is awarded to help fill the gap that exists between your cost of attendance and your EFC.

Students must complete their FAFSA every year they are enrolled at Thomas More College. Completion of the FAFSA, or the International Student Financial Aid Application for international students, is required to receive any type of aid from Thomas More College.

What Does This Mean for You?

The Financial Aid Office at Thomas More College will determine your eligibility for financial assistance and prepare an Award Summary for you, which is a combination of need-based institutional funds, federal financial assistance programs, and merit based scholarships. In recent years, more than 90 percent of students enrolled at Thomas More College received some type of financial assistance. Thomas More College reserves the right to adjust financial aid awards in compliance with institutional policy and federal guidelines.

Financial aid step-by-step

Step 1: The Free Application for Federal Student Aid (FAFSA)

Complete your FAFSA online at https://studentaid.gov/h/apply-for-aid/fafsa.
For dependent applicants at least one parent must electronically sign the FAFSA.
The school code number for Thomas More College of Liberal Arts is: 030431.
The FAFSA must be completed each year a student is enrolled at Thomas More College.

Step 2: Verification

Upon completion of the FAFSA, some students are selected for a process called verification by the U.S. Department of Education. If you have been selected, the College will guide you through the process. If you would like to know if you have been selected, simply contact the College.

If your FAFSA was selected for verification, the College will send you an Institutional Verification Document. Please complete, sign, and return it to the College promptly.

You and/or your parent may be required to provide a copy of your IRS Tax Transcript which can be requested here: https://www.irs.gov/individuals/get-transcript

Once these documents have been received and verified, the College will provide you with an award summary.

Step 3: The Award Summary

The award summary provides information of the financial aid you are being offered.
New students are awarded as their financial aid application becomes complete.
If you are a returning student, you will be awarded once your financial aid application is complete. The financial aid award is contingent upon your cumulative GPA at the end of the Spring semester.
If you wish to decline any particular assistance, you may draw a line through it and the amount offered to you.
If you wish to accept a lower amount, you must cross out the annual amount and write in the lower figure. The annual amount is disbursed in equal payments for each semester.
In order to accept and receive the funds, you must sign and return one copy of the Award Summary to the TMC Financial Aid Office within 30 days of receipt.
The College cannot credit or otherwise disburse assistance to your student account without a signed copy of your Award Summary on file.

Step 4. Information on Federal Student Loans

If you are accepting federal loans in your financial package, you must complete the following steps:

You must complete a Federal Direct Loan Master Promissory Note (MPN) at www.stude https://studentaid.gov/mpn/.You will need to electronically sign the MPN with your four-digit PIN number. (See step one.)
Complete the student loan entrance counseling process through https://studentaid.gov/entrance-counseling/
Both the MPN and entrance counseling must be completed for the College to disburse your loan.

Please contact the College if you have any questions.