Financial Aid Considerations

We recognize the important role that cost plays in the college decision-making process for students and their families. To make well-informed decisions, it’s crucial to thoroughly understand financial aid awards.

Out of Pocket vs Offered Amount

When comparing financial aid packages from different schools, we encourage you to focus on your yearly out-of-pocket expenses rather than solely on the offered amount.

Yearly out-of-pocket expenses = (direct costs: expenses billed directly by the school such as tuition and fees) — (financial aid offered).

Need for Repayment

As you assess financial aid packages, it’s important to pay close attention to any loans included, as these will require repayment. While you may be eligible, please be aware that our packages do not incorporate Parent PLUS loans, unlike some other award letters you may receive.

It’s important to note that we reserve your award for four years, provided you continue to meet eligibility requirements.

The Purchase Value Proposition

Moreover, we recognize that it’s not only about cost but also about the resources and opportunities available. With a small campus environment, an average class size of 17, and the resources of a large university system, Purchase offers exceptional value for your academic journey and future success.

Still Have Questions?

Please don’t hesitate to reach out to the Office of Student Financial Services with questions or for further clarification.

• Phone: (914) 251-6080
• Email: financialservices@purchase.edu