GOALS
The E&S’s goal is to facilitate the cost of attending university is met through a combination of the following:
- Contribution from family resources, based on the family’s financial capacity.
- A manageable contribution from the student in the form of part-time work.
- Grant support from a combination of Federal, State, and University sources.
- A scholarship from NIPOC E&S for reducing the need for a student loan.
NIPOC E&S will employ a set of criteria defined in this document for determining eligibility.
NIPOC E&S will manage, operate, control, and distribute financial aid on an annual basis to qualified students.
NIPOC E&S will provide a delivery process that is efficient. Opportunities to simplify and improve delivery will be pursued.
Central to the NIPOC E&S funding policy is the principle that the parents of undergraduates have the responsibility to pay for educational costs (i.e., fees plus living expenses) to the extent of their capacity. Additionally, funding levels for grants will assume manageable work expectations, reflecting the number of hours per week that students can work while enrolled during the academic year or over the summer without significantly affecting their academic performance. Student loans, as an educational financing tool, will be available to eligible students, but NIPOC E&S will strive to reduce student debt through its offerings.