Continuing Financial Aid
To apply for financial aid, US students and permanent residents must complete and submit the SIT Continuing Student Financial Aid Form notifying the Financial Aid Office of their enrollment plans for the upcoming year and file the Free Application for Federal Student Aid (FAFSA) for the new year to determine eligibility for federal student loans. Students must include SIT’s school code (008860) so that the results of the FAFSA are sent to SIT.
Students must be making satisfactory academic progress toward their degree to be eligible for financial aid during their portfolio or reflective practice terms.
US Citizens and Permanent Residents
Low-interest federal student loans are available through the Federal Direct Unsubsidized Student Loan, and the Federal Direct Grad PLUS Loan Program. Federal student loan eligibility requires that students not be in default on prior education loans. In addition, Grad PLUS applicants must pass a credit check prior to loan approval. Read more about federal student loan programs and eligibility.
Many students will travel abroad to complete their reflective practice or portfolio terms. US citizens and permanent residents may submit a reasonable budget for their additional travel and cost-of-living expenses. The Financial Aid Office will review these requests and notify students if they are approved. Students may then be eligible to borrow additional Federal student loans to help meet the higher cost of attendance.
Once the Financial Aid Office has received your FAFSA and Continuing Student Financial Aid Form, you will be notified via email that your award is ready to view on Web Advisor. Please note, the SIT Financial Aid Office will use your SIT email address for all financial aid communications.
You must return the Loan Request Form, indicating whether you are accepting or declining the aid offered and the amount(s) you wish to borrow.
Financial Aid Refunds
Continuing students expecting refunds will have access to their funds within the first 10–15 days at the beginning of each term.
Loans are processed weekly, and students generally have access to funds within two weeks after completing all of the required paperwork.
If a student is receiving federal financial aid and withdraws before completing greater than 60% of the period of enrollment, the Financial Aid Office will perform a Return of Title IV Funds calculation to determine the amount of federal aid the student did not earn. These requirements are based on federal law and there is no provision for a waiver.
The student will be notified by mail of the unearned amounts returned to the financial aid programs. The student may be responsible for reimbursing SIT Graduate Institute for any funds returned on his/her behalf. Until the student's debt is paid, he or she cannot register for classes in future semesters and/or have his or her official academic transcripts released.
Students must complete an exit interview, which outlines rights and responsibilities in repaying their student loan if they have received a Federal Direct Unsubsidized Student Loan or Federal Direct Grad PLUS Loan during their attendance at SIT Graduate Institute.
SIT Graduate Institute will report a student's withdrawal (official or unofficial) to the loan servicer and to the National Student Loan Data System. The student may receive further information from his or her student loan servicer regarding repayment of the loan and may be required by the servicer to immediately repay additional unearned amounts due.
Please contact the SIT Financial Aid Office with your questions at firstname.lastname@example.org or 802 258-3281.
FAFSA Verification Form (coming soon)