Financial Aid

Investing in Your Future

Welcome to the Financial Aid Office at Mongoose University! We are committed to making your educational journey affordable and accessible. Understanding that pursuing higher education is a significant investment, our dedicated team is here to guide you through the process of identifying and securing financial aid resources to support your studies and help you achieve your academic and career goals.

An engaged student and a professor interacting in a college learning environment

Types of Financial Aid at Mongoose University

Mongoose University is committed to making higher education accessible. Over 85% of our students receive some form of financial assistance. Our Financial Aid Office works with each student individually to build the best possible aid package combining scholarships, grants, loans, and work-study opportunities.

Scholarships (Free Money — No Repayment)

Mongoose University awards over $12 million in institutional scholarships annually. Most merit scholarships are automatically considered during the admissions review — no separate application needed. For a full list of scholarship amounts and GPA/SAT requirements, visit our Tuition, Fees & Scholarships page.

Grants (Free Money — No Repayment)

  • Mongoose University Grant: Up to $20,000/year based on demonstrated financial need. Renewable annually with continued need.
  • Federal Pell Grant: Up to $7,395/year for undergraduate students with exceptional financial need. Determined by FAFSA.
  • Federal Supplemental Educational Opportunity Grant (SEOG): $100-$4,000/year for students with the greatest financial need. Limited funding — apply early.
  • State Grants: Amounts vary by state of residency. New York residents may qualify for TAP (Tuition Assistance Program) up to $5,665/year.

Federal Student Loans

Loans must be repaid with interest after you leave school. Mongoose University participates in the Federal Direct Loan Program:

Loan Type Annual Limit Interest Rate (2026-27) Details
Direct Subsidized (need-based) $3,500-$5,500 depending on year 5.50% fixed Government pays interest while enrolled at least half-time
Direct Unsubsidized $2,000-$7,000 depending on year + dependency 5.50% fixed (undergrad), 7.05% (graduate) Interest accrues from disbursement
Direct PLUS Loan (Parents) Up to cost of attendance minus other aid 8.05% fixed Credit check required; parent borrows on behalf of dependent student
Direct Grad PLUS Loan Up to cost of attendance minus other aid 8.05% fixed For graduate students; credit check required

Private Loans: Students who need additional funding beyond federal limits may consider private education loans from banks and credit unions. We recommend exhausting federal loan options first due to more favorable terms and borrower protections. The Financial Aid Office can help you compare options.

Aggregate Loan Limits: Dependent undergraduates: $31,000 | Independent undergraduates: $57,500 | Graduate students: $138,500 (including undergraduate borrowing).

Federal Work-Study Program

Mongoose University offers approximately 350 work-study positions each year across campus departments, the library, research labs, and community service organizations. Details:

  • Eligibility: Based on financial need as determined by FAFSA
  • Pay rate: $13.50-$16.00/hour depending on position and experience
  • Hours: Up to 15 hours/week during the semester, up to 30 hours/week during breaks
  • Popular positions: Library assistant, research aide, tutoring center, admissions office ambassador, IT help desk, recreation center attendant, dining services
  • How to find jobs: Browse available positions on the MyMongoose Job Board after your financial aid package confirms work-study eligibility

Work-study earnings are paid bi-weekly via direct deposit and are not applied directly to your tuition bill, giving you flexibility to use the funds for books, personal expenses, or savings.

How to Apply for Financial Aid

Step-by-Step Process

  1. Complete the FAFSA at studentaid.gov starting October 1 each year. Use Mongoose University School Code: MONG12. You’ll need your (and your parents’, if dependent) Social Security number, tax returns, W-2s, and bank statements.
  2. Submit the CSS Profile (optional) if you’re applying for institutional grants exceeding $10,000/year. Available at cssprofile.collegeboard.org.
  3. Review your Financial Aid Award Letter — sent within 2-3 weeks of your admissions acceptance via the MyMongoose student portal.
  4. Accept or Decline Awards through the MyMongoose portal. You can accept some awards and decline others (for example, accept grants but decline loans).
  5. Complete Entrance Counseling (required for first-time borrowers) at studentaid.gov.
  6. Sign your Master Promissory Note (MPN) at studentaid.gov to authorize loan disbursement.

Key Deadlines

Deadline Date Notes
FAFSA opens October 1 File as early as possible for maximum aid
Priority Deadline February 1 Institutional grants and work-study are awarded on a first-come basis to priority filers
Final Deadline June 1 Federal aid still available; institutional aid may be limited
CSS Profile (if applicable) February 15 Required only for institutional grants over $10,000
Scholarship applications Varies See Tuition, Fees & Scholarships for individual deadlines

Financial Aid Disbursement

Financial aid is disbursed (applied to your student account) according to this schedule:

  • Fall semester: Approximately 10 days before the first day of classes (mid-August)
  • Spring semester: Approximately 10 days before the first day of classes (mid-January)
  • Summer sessions: Within the first week of each session

If your total aid exceeds your charges (tuition, fees, housing, meal plan), the surplus is refunded to you via direct deposit within 14 days of disbursement. Set up direct deposit in MyMongoose to receive refunds faster.

Important: Aid will not disburse if you have incomplete requirements (missing documents, unsigned MPN, incomplete entrance counseling). Check MyMongoose regularly for any holds or action items.

Satisfactory Academic Progress (SAP)

To maintain financial aid eligibility, you must meet Satisfactory Academic Progress standards, reviewed at the end of each semester:

  • GPA Requirement: Cumulative GPA of 2.0 or higher (undergraduate) or 3.0 (graduate)
  • Pace Requirement: Complete at least 67% of all attempted credit hours
  • Maximum Timeframe: Complete your degree within 150% of the published program length (e.g., 180 attempted credits for a 120-credit bachelor’s degree)

If you lose SAP eligibility: You will receive a Financial Aid Warning for one semester. If you don’t meet standards after the warning semester, you may appeal. Appeals require a written statement explaining extenuating circumstances and an academic improvement plan approved by your advisor. Successful appeals result in a Financial Aid Probation semester. Visit Student Success for tutoring and academic support.

Financial Aid Appeals

If your financial circumstances have changed significantly (job loss, medical emergency, family change, natural disaster), you can request a Professional Judgment Review. Submit:

  • A written explanation of your changed circumstances
  • Supporting documentation (termination letter, medical bills, etc.)
  • Updated income information

Appeals are reviewed within 2-3 weeks. The Financial Aid Office may adjust your Expected Family Contribution (EFC) and revise your aid package accordingly.

Net Price Calculator

Get a personalized estimate of your costs and aid at Mongoose University using our Net Price Calculator available on the MyMongoose portal. You’ll need basic information about your family income, assets, and academic profile. The estimate takes about 10 minutes and gives you a realistic picture of what Mongoose University will cost your family after aid. For published tuition rates, see Tuition, Fees & Scholarships.

Veterans & Military Benefits

Mongoose University is proud to be a Yellow Ribbon Program participant and is committed to supporting veterans, active-duty service members, and military families.

  • Post-9/11 GI Bill (Chapter 33): Up to 36 months of education benefits covering tuition, fees, housing allowance, and book stipend
  • Montgomery GI Bill (Chapter 30): Monthly education benefit for eligible veterans
  • Vocational Rehabilitation (Chapter 31): For veterans with service-connected disabilities
  • Dependents’ Educational Assistance (Chapter 35): For dependents of disabled or deceased veterans
  • Yellow Ribbon: Mongoose University covers up to $5,000 beyond Post-9/11 GI Bill maximums, with VA matching — potentially eliminating out-of-pocket tuition costs

Veterans Services Office: veterans@mongooseuniversity.edu | (555) 478-3205 | Administration Building, Room 105 | Monday-Friday 8:30am-4:30pm

Contact the Financial Aid Office

Office of Financial Aid
Mongoose University
Administration Building, Room 150
100 Mongoose Drive, Orchard Park, NY 14127

Email: financialaid@mongooseuniversity.edu
Phone: (555) 478-3200
Fax: (555) 478-3201
Hours: Monday-Friday, 8:30am-5:00pm
Walk-in Advising: Tuesdays & Thursdays, 1:00pm-4:00pm
Virtual Appointments: Available via MyMongoose scheduling

Have questions? Check the FAQ or Contact Us. View the Academic Calendar for important dates. Learn about Registration & Records for enrollment requirements.