FAQs on Applying for Financial Aid

How do I apply for financial aid?

The Financial Aid Office automatically reviews all accepted students for college scholarships and grants. You do not need to fill out a separate application for most merit-based awards. However, you must file a Free Application for Federal Student Aid (FAFSA) to apply for federal and need-based funds; and you must file the appropriate state aid applications to be considered for assistance from your state, if applicable.

If I am from Virginia, what state aid application will I need to complete?

All full-time Virginians must file the Virginia Tuition Assistance Grant Program application with the college.

Is my financial aid renewable each year?

Most merit-based programs, as well as the Virginia Tuition Assistance Grant, are renewable for three additional years, provided the student is enrolled full-time and maintains satisfactory academic progress according to college guidelines. Generally no renewal application is necessary in these cases. However, you must reapply each year for all federal and need-based programs, and for various other programs.

What is the deadline for applying for financial aid?

Roanoke College recommends that new students complete the FAFSA form by March 1st. Returning students should complete the application no later than April 1st.

How will I know if I qualify for financial aid?

To find out if you qualify for financial aid, file the appropriate applications as early as possible. Aid is normally awarded first to students who apply for consideration before the suggested deadlines, and, in the case of need-based funds, those who demonstrate the greatest financial need. Failing to file or filing late may mean missing out on aid.

I don't think I will qualify for financial aid, should I still apply?

Yes! Numerous pieces of information are used to determine a student's need for financial aid. Many families believe that their income excludes them from financial aid eligibility, but in fact, a large majority of Roanoke College applicants and students qualify for need-based funds. Contrary to popular opinion, the FAFSA does not just look at a family's adjusted gross income. It also takes household size, age of older parent and state of legal residence, to name a few, into consideration so that certain allowances can be made. The application does not cost anything to obtain or complete so, Roanoke strongly encourages its completion.  Applicants who are concerned whether they can afford Roanoke College are encouraged to complete either of Roanoke's financial aid calculators available on our financial aid website.