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Your Financial Aid Award

At Bloomfield College we make the cost of private education affordable for you and your family.  Bloomfield College often discounts tuition by more than 30% for our students, and with the other financial aid programs we offer, a student's out of pocket expense can be as low as $0 per year!

Financial Aid is a combination of many types of resources.  The award a student receives from Bloomfield College is based not only on merit, but also need based federal and state grants, federal loans, and work study.      Typically we categorize financial aid in three ways: Scholarships, Grants, Self-Help

After you apply for aid we use that information to determine your eligibility for the federal, state, and institutional programs.  The sooner you complete the aid application process, the sooner we can give you an award letter that details all the programs for which we can qualify* you for.

*Students should be aware that some offers of aid require follow-up. Further instructions will be included with subsequent award notification.

Scholarships

Scholarships are non-need based awards made by the college for students with academic merit.  Scholarships are free financial aid, and are not repaid.  They do require a student to remain in good academic standing at the college.

Bloomfield College Merit Scholarships

Upon applying to Bloomfield College you be automatically considered for our Merit Based Scholarships.  To view the awarding criteria and amounts please see our Scholarship Page 

  • Trustee Scholarship
  • Presidential Scholarship
  • Leadership Scholarship
  • Community Service Scholarship
  • Transfer Scholarship

Bloomfield College Athletic Scholarships

Available in the following team sports and determined by the Athletic Department 

  • Men's Sports
    • Baseball
    • Basketball
    • Cross-Country
    • Soccer
    • Tennis
  • Women's Sports
    • Basketball
    • Cross-Country
    • Soccer
    • Softball
    • Volleyball

 

Grants

Institutional Need Based Grants

Need based grants are determined by the institutional awarding policy related to family financial need and our cost of attendance.  Need based grants are free financial aid, are not repaid.  They do require a student to remain in good academic standing at the college.

  • Bloomfield College Tuition Grant
    • Awarded to students with exceptional financial need (as determined by the FAFSA) and unmet tuition expenses.
  • Bloomfield College Resident Grant
    • Awarded to students with exceptional financial need (as determined by the FAFSA) and unmet resident expenses (Room and Board).

 

Federal Need Based Grants

  • Federal Pell Grant
    • Eligibility is determined by the FAFSA, and is for those with financial need.  Students pursuing their first undergraduate degree, and who have not previously used their Pell Lifetime Entitlement may qualify for up to $5,730 per year in the Federal Pell Program.
  • Federal SEOG (Supplemental Education Opportunity Grant)
    • Students who are Pell Eligible and who applied before our FAFSA priority deadline (March 15th).  Funds are limited and will be awarded on a first-come, first-served basis.  


State Need Based Aid

To be considered for the state grant programs below, you must complete the State Supplemental Questions at the conclusion of your FAFSA application or apply online through HESAA.  EOF eligibility will be determined from our EOF and Admissions Offices.

  • New Jersey TAG (Tuition Aid Grant)
    • TAG is a grant provided by the State of New Jersey to full-time, undergraduate students who meet their need based criteria.  Recipients must be New Jersey Residents for at least 12 months. 
  • New Jersey EOF Grant (Educational Opportunity Fund)
    • EOF is a grant provided by the State of New Jersey with exceptional financial need and educationally disadvantaged backgrounds.  Recipients must be New Jersey Residents for at least 12 months.

 

Self-Help

Self Help financial aid refers to loan programs, as well as, work study.  Self-help aid options allow you to borrow or work to help cover your remaining educational expenses.  The loans must be repaid to the lender, usually after a grace period of 6 months.  Work study is paid to students as a paycheck for work completed, and do not need to be repaid.

Federal Direct Loans (William D. Ford Direct Loan Program)

There are two student loan programs, and one parent loan program offered by the Federal Government - Department of Education.  These loans do not require payment while enrolled in a degree-seeking program and enrolled at least half-time.  Students can make payments on the principal and/or interest while in school without pre-payment penalty.  We recommend students borrow responsibly, and we can help determine how much loan assistance may be required for enrollment at Bloomfield College.

  • Federal Subsidized Loan
    • ​This a need based loan, whereby the government pays the interest on the loan while the student is in school.
    • Students qualify for this loan by filing a FAFSA and meeting the federal eligibility guidelines. Eligibility for the loan is determined by the Cost of Attendance less other Free Financial Aid on the award letter.  (COA-EFC-Free Financial Aid = Subsidized Loan Eligibility)  
    • Interest is the student's reasonability once in repayment.  The interest rate at repayment is 4.66% for loans made in 2014-15
  • Federal Unsubsidized Loan
    • This is a non-need based loan, that all students can qualify for upon completion of the FAFSA and meeting the federal eligibility guidelines.  
    • Interest does accrue during enrollment in college at a rate of 4.66%, which is capitalized at the time of repayment.  
  • Federal Direct PLUS Loan (Parent Loan for Undergraduate Students)
    • This is a loan parent's can use to help cover any remaining education costs, not covered by the other financial aid a student receives. 
    • Payments can be deferred during the student's enrollment
    • Interest does accrue during the student's enrollment at a rate of 7.1%

 

Federal Work Study (FWS)

Federal work is awarded to those with financial need and who filed their FAFSA before our priority deadline of March 15th.  The work study program allows to students to work on or off campus, and earn wages that will be paid to them in the form of a paycheck.  Students must apply, interview, and be selected for the posted positions.  More information on available jobs openings can be found through Career Development