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Questions and Answers | Freshman and Transfer Students

How will our need for aid be determined?
All financial aid is based on the premise that parents and students are expected to contribute to educational costs to the extent they are able. Our staff calculates a family contribution according to federal and institutional policies, based on the following factors:

If you would like to calculate an estimate of your expected family contribution, visit http://www.jhu.edu/finaid/estimator.html. With this online calculator, you can estimate your financial need. The actual contribution calculated by Hopkins, however, may differ from the contribution you calculate by the federal method. Individual adjustments may be made to the basic federal formula to reflect more accurately the family's financial strength.

The family contribution is subtracted from the total college cost for the year. The difference is your financial aid eligibility or need.

How do I apply for aid and when will I be notified of my eligibility for financial aid?
You must complete the CSS/Financial Aid PROFILE and file the Free Application for Federal Student Aid (FAFSA), and submit a signed copy of the student's and parents' most recent federal income tax returns, all pages and W-2's. The PROFILE is available online at https://profileonline.collegeboard.com. The CSS PROFILE code for Hopkins is 5332. The FAFSA is available from your high school and may also be filed online at http://www.fafsa.ed.gov/. Hopkins' Federal School Code is E00473. Although not required, it is advantageous to obtain a Personal Identification Number (PIN) prior to filing the FAFSA online at http://www.pin.ed.gov. A PIN allows you to file and sign a FAFSA electronically and if necessary, make corrections to your FAFSA. It is imperative that you meet the application deadlines and indicate to us that you will be applying for aid by checking the appropriate box on the admission application. (Checking the box sets up your file in Student Financial Services.) There is no guarantee of Hopkins funding for eligible students who do not complete their financial aid file on time. Students who have completed there financial aid file on time are notified of financial aid decisions at the time of acceptance to Johns Hopkins. All awards are subject to review upon receipt of 2007 federal income tax returns.

Will an application for aid affect my chances for admission?
Applications for admission are evaluated separately from requests for financial aid. In most cases, students' admissibility to Johns Hopkins is determined prior to their aid application evaluation.

Who determines the aid package?
At Hopkins most financial aid is offered on the basis of need. To help you through the process, Hopkins students applying for financial aid are assigned a financial aid advisor who will get to know you and your needs. Most students feel very comfortable staying in touch with their advisors by phone, mail, e-mail, or office visit.

What happens when parents are divorced?
In cases of divorce, we expect both parents to assume a role in financing their child's education to the extent possible. Complete the financial aid applications using the information of the custodial parent (and step-parent if remarried). The parent you do not live with must file a Non-Custodial Parent's PROFILE online. The PROFILE must be completed in accordance with the financial aid deadlines. The non-custodial parent may access the PROFILE online after the student has registered with CSS PROFILE. An email reminder will be sent to the non-custodial parent to complete the requirement once the student has submitted and completed the PROFILE online with their custodial parent. The non-custodial parent must also submit to the Office of Student Financial Services a signed copy of their most recent federal income tax return and W-2 forms. Questions concerning this requirement should be addressed to the Office of Student Financial Services—the supplement may be waived in certain circumstances.

What if something happens, like one of my parents loses their job while I'm at Hopkins?
Hopkins recognizes that family situations are dynamic. Unexpected events such as loss of income, death, major illness, and disabilities can adversely affect a family's ability to meet educational costs. A Hopkins aid adviser will work with families in these situations to arrange assistance that will meet the changing needs of families. We are committed to meeting additional need to the extent that our resources allow.

Are Early Decision applicants eligible for aid?
Yes. Early Decision aid awards are typical packages; merit-based aid may be offered as well. Since Early Decision awards are based on estimated information, they are considered tentative until we review your most recent tax return. For example, students who apply Early Decision for 2008-2009 will need to file the CSS PROFILE by November 15. Early Decision students must also file the 2008–2009 Free Application for Federal Student Aid (FAFSA) after January 1, 2008 and submit the 2007 federal income tax return as soon as it is available to finalize their awards. We encourage students who know that Hopkins is their first choice to apply Early Decision and to apply for aid at the same time.

What types of financial aid are available?
Depending on your level of need, you will be offered a financial aid package consisting of a combination of grants (non-repayable), loans, and work-study. Hopkins administers federal, state, private, and institutional grant and loan programs—see the Brochure for a complete listing.

Are merit-based scholarships available?
Yes. While financial need is the primary basis of financial aid at Hopkins, we also offer several merit-based scholarships including the Hodson Trust Scholarship and the Charles R. Westgate Scholarship in Engineering. Hopkins offers a limited number of incentive grants to recipients of the four-year Army and Air Force ROTC scholarships. For a complete list of available need-based and merit-based scholarships, refer to the chart.

How much will I have to borrow?
Freshmen typically borrow from $1,000 to $3,500 for their first year from interest-subsidized loans. The average four-year indebtedness of a student graduating in 2007 was approximately $16,000. See our Student Loans page for details.

What types of work-study are available?
Most Hopkins students work an average of 8 to 10 hours per week at a variety of jobs including clerical, laboratory, library, and athletic. The rate of pay for Federal Work-Study positions is $6.15 per hour and up. A job fair is held during the first week of classes, and a computer database of job openings is available to help students locate jobs. You can visit Student Employment on the Web.
Research has shown that working a few hours per week does not hinder the academic performance of most students, and leads to a higher level of satisfaction with life on campus. See our Student Work Opportunities page for details.

Do students receive the same amount of aid every year?
Hopkins is committed to continuing your financial assistance; however, you must reapply each year because eligibility is re-evaluated annually. Based on your most current financial information, the actual aid award may change. Aid will remain about the same if:

What if I don't qualify for need-based financial aid?
We encourage all students to apply and not attempt to determine their own eligibility. However, if you are not eligible on a need basis, a variety of options are available. They include:

Information is available from the Office of Student Financial Services.

How do you treat private/outside scholarships?
We encourage students to locate outside scholarships from private organizations, as they are an additional source of aid. Hopkins offers several free online scholarship search services which may be accessed through Hopkins' financial aid homepage at http://www.jhu.edu/finaid/prosp_stud_scholar3.html. Students who receive private scholarships may have the need to borrow or work reduced. In the freshman year, there will be no reduction in Hopkins need-based grants, Hopkins Grants, and Hopkins-funded merit-based scholarships unless your total financial aid package exceeds the cost of attendance. It is to your advantage to obtain outside scholarships. In subsequent years, if the scholarship is renewed, the scholarship amount will be counted as need-based aid before Hopkins Grant is awarded.

Students who receive government and entitlement grants (i.e., Federal Pell Grants, state scholarships, Byrd Scholarships, and employer tuition benefits) or a distribution from prepaid state programs that were not included in their original financial aid package will have the amount of their Hopkins Grant adjusted by the full amount of the outside grant. For example, a student who receives a Federal Pell Grant of $500 will have his or her Hopkins Grant adjusted by $500. The total amount of financial aid will remain the same. Any exceptions to this policy must be discussed with your financial aid advisor.

How will the Economic Growth and Taxpayer Relief Act of 2001 benefit my family?
The Hope Scholarship provides a maximum tuition tax credit of $1,650 per student for the first two years of college. Families with joint incomes below $110,000 (single filers below $55,000) are eligible.

The Lifetime Learning Tax Credit allows a $2,000 tuition tax credit. It is available to college juniors, seniors, and graduate students. Eligibility is phased out at the same income levels as the Hope Scholarship.

A maximum of $2,500 in annual interest paid on education loans is deductible for taxpayers with joint incomes below $140,000 (single filers below $70,000).

Tuition Deduction allows a deduction of up to $4,000 per year for taxpayers with joint incomes below $130,000 (single filers below $65,000). Taxpayers with adjusted gross incomes below $160,000 (joint filers) or $80,000 (single filers) are entitled to a deduction of $2,000.

The 10% early withdrawal penalty is no longer charged for taxpayers withdrawing funds from an IRA for higher education expenses. Consult a tax advisor to determine your eligibility for the tax incentives. More detailed information is available at http://www.jhu.edu/finaid/tax/.

How can I get further information on financial aid at Johns Hopkins?
The Office of Student Financial Services is happy to help you with any questions you may have about financial aid. You can also browse our homepage on the Web, where you can find up-to-the-minute financial aid information, do an outside scholarship search, read our university publications, and obtain information on admission.

Phone: 410-516-8028
Fax: 410-786-2839
fin_aid@jhu.edu
http://www.jhu.edu/finaid/