Types of Aid
Spring Hill is Affordable
Here’s some good news to remember as you apply for financial aid … families in all income ranges find Spring Hill affordable.
Each student's financial aid award may include one or more of the following types of aid:
Scholarships are based on academic achievement. Because they are merit-based, they are available to every student who qualifies for them—regardless of financial need. The academic merit scholarships offered by Spring Hill range from $7,000 to $16,500 per year and are described on the scholarships web pages:
- Academic scholarships
- Transfer scholarships
- Athletic scholarships
Grants are funds that do not have to be repaid. In most cases, you must demonstrate financial need to receive a grant. Grant eligibility is determined by information provided by your FAFSA and can be funded by federal and state governments, as well as Spring Hill College.
Loans have to be repaid and must earn a favorable interest rate and pay-back schedule to be considered as financial aid. Most are awarded based on financial need and are sponsored by the federal government. Most students and families plan to borrow money through the federal DIRECT Loan program.
Federal student loans are the most affordable loans available to students, with the lowest interest rates and deferred principal and interest payments until after graduation. Spring Hill is a direct lending school, which means you can obtain education loans without using a private lender like a bank or credit union. If you need additional funding, private lenders are an alternative.
Campus employment offers students an opportunity to work on campus and contribute to their educational expenses. A wide variety of positions in campus professional settings that align with student career pursuits are available.