The financial aid process was updated on December 11, 2008. The information below supersedes all previously published material.
All types of financial aid can be divided into two categories: merit-based aid and need-based aid. Each category has different applications, criteria, and timelines. Yet, applying for any kind of aid begins with applying for and being admitted to Gustavus.
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Application complete by |
Admission decision by |
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November 1 |
November 20 |
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December 1 |
December 20 |
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January 1 or after |
Rolling notification beginning January 20 |
FINANCIAL AID PROCESS
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Admitted to Gustavus and submitted the CSS/Financial Aid PROFILE or FAFSA by |
Financial aid award by* |
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December 1 |
December 20 |
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January 1 |
January 20 |
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February 1 or after |
Rolling notification beginning February 20 |
After admission to Gustavus, qualified students will be automatically considered for annually renewable merit-based aid (scholarships), like our Dean's Scholarship. Some scholarships require separate applications before consideration, such as our top academic scholarship (the President's Scholarship) and our fine arts scholarships. The application deadline for these scholarships is January 1, 2009.
Eligibility for need-based financial aid is determined by the one-time submission of the CSS/Financial Aid PROFILE or FAFSA and the subsequent annual submission of the Free Application for Federal Student Aid (FAFSA).
The PROFILE and FAFSA use a formula to determine your family's expected contribution toward your education costs in the coming year. Family income and assets are primary considerations. Other factors are also assessed, including certain personal data like size of family, number of family members in college and age of parents.
Any new student admitted for enrollment in the fall of 2009 who submits the CSS PROFILE or FAFSA-- regardless of their family's need-- will receive a minimum of $5,000 in gift assistance (such as the Gustavus Access Grant, various scholarships, or other free aid).
To receive an initial estimate of your family's financial aid eligibility, download, print, and complete Gustavus' financial aid estimate form.
After receiving an actual financial aid award, some families will be asked to verify their financial information by submitting tax forms and other related forms.
Financial aid awards are renewable by completing the FAFSA each subsequent year.