Financial Aid

HEERF Reports

Eastwick College is committed to making education accessible and affordable. We know that financing your education can be complicated; that’s why we are with you every step of the way. All of our applicants are scheduled for a personal meeting with a financial aid counselor to develop a personalized plan to meet their educational expenses.

Financial aid is any form of monetary support that assists you in paying for education and it comes in many forms:

Types of Financial Aid

Scholarships & Grants
Grants and scholarships do not need to be paid back. Some are based upon financial need and require that you file the Free Application for Federal Student Aid (FAFSA) to determine eligibility, especially scholarships and grants from federal sources.

Loans
Loans are a form of financial aid that must be paid back with interest to the lender over an extended period of time. All students who file the FAFSA will, at a minimum, automatically qualify for a Direct Student Loan from the federal government.

Payment Plans
Payment plans allow students to structure tuition payments and other fees into installments throughout the year instead of paying a lump sum at the beginning of their program.

How to Apply
Each year, aid applicants must submit a FAFSA. This application may be submitted in person to the financial aid office, or online at www.fafsa.ed.gov. The Financial Aid Office may request additional documentation to support a student’s request for financial assistance, including signed copies of federal income tax returns. The student’s financial aid package cannot be finalized until the financial aid office has received all requested documentation.

Students are required to reapply each year by the announced deadline. Financial aid is awarded to each student based upon need.

HoHoKus School aid is awarded by the financial aid director according to institutional guidelines for each aid program.

Who can File the FAFSA?
Students must be one of the following: a U.S. citizen, a U.S. national (includes natives of American Samoa or Swain’s Island) or a U.S. permanent resident who has an I-151, I-155 or I-155C (Alien Registration Card).
Male students aged 18-25 must have registered with the Selective Service.

What Happens After I File the FAFSA?
After setting up an appointment with the financial aid department and completing the FAFSA, you will receive an Award Notification and Financial Planning Worksheet based on the information you submitted.

This worksheet will list all of the financial aid that you are receiving. This may include:

• Federal Pell Grant
• Federal Subsidized Stafford Loan
• Federal Unsubsidized Stafford Loan
• Federal Parent Loan for Undergraduate Students
• Federal Supplemental Educational Opportunity Grants
• Benefits For Veterans
• Scholarships and Awards

Financing Your Education

The cost of tuition does not include the cost of transportation to and from school. Financial aid is available for those who qualify. Remember, grants are free; loans must be repaid!

1. Eastwick College Payment Plan: Quarterly or monthly payments. Cash, checks, and money orders, as well as American Express, Discover, Visa and Master Card charges are accepted.
2. Pell Grant: Based on need, the Pell Grant provides free money for education. Grants for the 2023 – 2024 Aid Year range from $767 – $7,395 per academic year. To apply for Title IV aid, a student must complete the Free Application for Federal Student Aid (FAFSA). The application must be completed with extreme care and accuracy. Once processed, the application will produce an Expected Family Contribution (EFC). The funds available to the student will depend on the EFC and the cost of attendance. Students must not have previously earned a bachelor’s degree.
3. New Jersey Tuition Aid Grant: Beginning in July 2009, degree-seeking students who have lived in New Jersey at least twelve consecutive months may be considered for a Tuition Aid Grant (TAG). Students are required to attend full-time and must not have previously earned an associate or bachelor’s degree. TAG value is based upon a student’s financial need (as determined by the state formula), cost of attendance and funds available.
4. Federal Direct Subsidized Loan: If you qualify, you may borrow $3,500 for the first academic year. A small insurance and origination fee are deducted. No payment is required while attending school. Repayment begins at the end of a 6-month grace period. More information is available on studentloans.gov.
5. Federal Direct Unsubsidized Loan: If qualified, an independent student may borrow up to $6,000 per academic year. (A small insurance and origination fee is deducted.) Interest is charged on this loan while the student is in school, but it can be capitalized. Interest charges and principal repayment may be deferred until six months after leaving school.
6. FSEOG: The Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to college undergraduate program students in need of financial aid and does not need to be repaid. Awards range from $100 to $4,000 per year depending on the student’s financial aid need.
7. Parental Loan (PLUS): If qualified, a parent may borrow up to the full cost of the program. (A small insurance and origination fee is deducted.) The interest rate for this loan is established by the Department of Education every July 1 for the coming year. Repayment begins 60 days after the school makes the last disbursement of the loan.
8. PNC Solution Loan:   The PNC Solution Loan for Undergraduate students who are enrolled at least half time in a degree or certificate program offers a convenient way to pay for college after you have exhausted your federal loan options.
9. College Ave: The College Ave Student Loan product for undergraduates can help cover tuition and other education costs for students in associate and bachelor’s degree programs.
10. NJ Class: If qualified, Eastwick College students may borrow at low interest up to the full cost of the program (less their financial aid received). Rates vary depending on credit history; a supplemental fee is deducted.
11. NJ-GIVS: The Governor’s Industry Vocations Scholarship for Women and Minorities (NJ-GIVS) will pay up to $2,000 per year to women and minority students who reside in New Jersey for the cost of enrollment in a NJ-GIVS eligible certificate program.
12. Scholarships awarded by the Eastwick Foundation, a 501 (c)(3) nonprofit organization: Eligible Eastwick College students may apply for scholarships available through the Eastwick Foundation. Current scholarships are disclosed in the Eastwick Foundation Scholarship Program, which is updated periodically and may be obtained through the admissions department, online at https://eastwick.edu/eastwick-college/financial-aid-information/, or by contacting the Foundation’s Executive Director Jeanne M. Patrican (phone: 201-327-8877; jpatrican@eastwick.edu).
13. Eastwick College Book Grant: Eastwick College offers a book grant that is an applied tuition/book discount to offset the cost of textbooks and a laptop. The discount is applied to the student’s account each term. The student will be required to complete and sign the Equipment Acknowledgement Form, which outlines the conditions to use the laptop. The cost of the laptop will be charged to the student’s account if the student does not complete the program. The Eastwick College Book Grant is awarded to all students through the financial aid office.
14. Waiver of application and registration fees: Prospective students may be eligible for a waiver of the application and registration fees. The information is disclosed in the Policy on Application and Registration Fees, which may be obtained through the admissions department or online at https://eastwick.edu/eastwick-college/financial-aid-information/.

Remember, grants are free, but loans must be repaid!

Contact our financial aid office for further information regarding qualifications and specific circumstances.