Trees blooming outside of Crounse Hall

Financial Aid

We’re committed to making a Centre education possible for all students.

Financial aid — such asscholarships, grants, and loans— can help you and your family meet the total cost of attendance. In addition to participating in federal and state aid programs, Centre College will this year commit more than $40 million in institutional aid to support scholarships and grants. 

Types of Financial Aid

Financial Aid at Centre comes in four types and includes both merit-based and need-based aid. Need-based aid includes grants, loans, and work-study. Merit-based aid includes scholarships.

Need-Based Aid

  • Grants are need-based financial aid awards that do not need to be repaid. These include options from the state and federal government and the Centre College endowment. 
  • Student loans offer low interest rates and defer repayment until graduation. They include the Stafford Loan and Parent Loan for Undergraduate Students (PLUS).
  • Federal Work-Study allows eligible students to work on campus to earn money for college expenses.
How Need-Based Aid is Determined

Need-based financial aid is typically based on your Expected Family Contribution (EFC), a relative measure of your family’s ability to pay for college. Your EFC is determined by information from your FAFSA. In addition to the FAFSA, we require the Centre Aid Form which assists us in determining your eligibility for institutional aid. These factors include income, assets, family size, and the number of family members in college.

Merit-Based Scholarships

Merit scholarships (based on talent, academic achievement, leadership, extracurricular activities, etc.) are gift aid awards that range in value and are often renewable for four years. We have three types of scholarships: general merit scholarships, special scholarships, and premier scholarships.

More About Types of Aid 

 

How to Apply for Financial Aid

We determine need-based financial aid awards based on information collected via the Free Application for Federal Student Aid (FAFSA) and the Centre Aid Form. 

Applying for Need-Based AidFAFSA FormCentre Aid Form

Timeline

Admission Plan Application Deadline Priority Aid Deadline Aid Notification
Early Decision November 15 November 15 Early January
Early Action December 1 December 1 Late February
Regular Decision January 15 January 15 Mid-

 

First-Generation Students

Centre defines “first-generation” as a student whose custodial parent(s) or guardian(s) have not completed a four-year college degree. If you are a first-generation student we have specific financial aid resources for you.

First Generation Resources