Pierpont’s primary purpose in awarding financial aid is to assist those students who wish to attend college and need financial assistance to do so. A student’s need is determined by the Institutional Cost of Attendance (Budget) less the Expected Family Contribution (EFC) as determined by the Free Application for Federal Student Aid (FAFSA).
Students with the greatest need may be awarded Grants, Scholarships and self-help need such as Federal Work Study and Student Loans.
By using the available resources, Pierpont attempts to meet the financial need of all students. The total financial aid awarded to a student shall not exceed the Institutional Cost of Attendance (Budget) or the student’s need, as appropriate.