815 North Broadway
Saratoga Springs,
New York, 12866
SKIDMORE PHONE
518-580-5000
Financial Aid
Administered by the Office of Student Aid and Family Finance,
the purposes of financial aid at Skidmore College are to give
those students who could not otherwise afford it the opportunity
to attend the college and to attract and retain a qualified,
talented, diverse student body that can be expected to contribute
substantially to the academic and social life of the community,
while distributing available funds in a fair and equitable way.
Currently approximately 42 percent of Skidmore students are
receiving Skidmore-administered scholarships, grants, loans,
and/or work awards, which are offered singly or in various combinations.
In total, 49 percent of the students at Skidmore receive some
form of assistance from the college or from outside sources.
Numerous financing plans and options are available to families
not eligible for need-based financial aid. (See Fees and Expenses
for monthly payment and tuition prepayment plans.)
The largest contributor of student financial aid funds is the
college, although federal and state programs and private donors
assist significantly. Skidmore participates in the following
federal programs: Federal Pell Grants,
Federal Academic Competitiveness (AC) Grant, Federal National SMART Grant,
Federal Supplemental Educational Opportunity Grants (SEOG), Federal Perkins Loans,
Federal Stafford Loans, and Federal Work-Study Program.
Federal funds are administered by Skidmore in accordance with
government regulations and the college's general policies relating
to financial aid. Students from New York, Rhode Island, and
Vermont may be eligible for state financial aid funds that can
be used at Skidmore, and they are required to apply for these
funds when seeking Skidmore financial aid.
For further information about financial assistance from Skidmore
College, see the Office of Student Aid and Family Finance section of the College Web site.
This information is included in the application packet mailed from the
Admissions Office.
Application
All first-year students who are U.S. citizens or permanent
residents of the United States are eligible to apply for all forms of
financial aid. Those students admitted without Skidmore grant
assistance are normally first eligible to receive such aid,
if need is demonstrated, in their junior year. This policy includes
transfer students unless they are admitted as juniors, in which
case they may receive Skidmore assistance for the senior year
if need is demonstrated. Need-based institutional grant assistance
is available for up to fifteen transfer students per academic year.
Student aid recipients are selected on the basis of demonstrated
financial need, determined through Skidmore College's analysis
of the Free Application for Federal Student Aid (FAFSA) and
the PROFILE form of the College Scholarship Service.
The confidential financial statements known as FAFSA and the
PROFILE form must be filed each year. Entering students obtain
the FAFSA and the registration guide for the PROFILE form from their
high school guidance office or online. Current students obtain the FAFSA
and the registration guide for the PROFILE form from the Office of
Student Aid and Family Finance or online.
Skidmore requires that copies of the federal U.S. income tax
returns be submitted to verify the financial figures reported
on the aid application. Applicants whose parents own a business
or farm will need to file a Business/Farm Supplement.
Applicants whose parents are separated, divorced, or never married
will need to have their noncustodial parent file a Noncustodial
Parent's Statement. While the college strives to be understanding
in circumstances where a divorce or separation has occurred,
Skidmore's limited financial aid resources require that all
possible sources of support be considered. Accordingly, the
resources of a remarried parent's spouse are also considered
in every case regardless of any private family agreements.
Candidates for Early Decision admission must file the PROFILE
form with the College Scholarship Service by the appropriate
admission deadline. At a later date, the FAFSA is to be filed
with the federal processor.
The financial aid application deadline is January 15 (prior
to the academic year for which assistance is requested) for
prospective first-year students; the financial aid application
deadline is May 1 for current students and
April 1 for prospective transfer
students. Prospective candidates receive consideration for financial
assistance if all required financial information is at the college
at the time funds for aid awards are allocated. Since funds
may not be sufficient to meet the needs of all admitted students
who demonstrate financial need, aid is offered to as many well
qualified applicants as possible, with preference given to those
students with demonstrated financial need whom the Admissions
Committee determines to be the strongest applicants among those
admitted to Skidmore.
Students must reapply for aid each year, and the amount of the
award will reflect yearly changes in Skidmore costs as well
as in a family's financial circumstances. Returning students
who have received Skidmore grant aid, who have submitted complete
aid renewal applications on time, who meet satisfactory academic
progress conditions, and who continue to demonstrate need will
continue to receive financial aid. Late applications by returning
students may result in an unmet need.
Skidmore aid resources are not available for summer study. In
some cases, students may be able to utilize the Federal Stafford
Loan to pay for summer classes.
Freshman financial aid notifications are mailed in early April.
Transfer financial aid letters are mailed on a rolling basis
usually in April and May. Returning-student aid notices are
usually sent starting in June. Conditions of financial aid awards
information is provided with the notification of aid, along
with a request for any missing items needed to credit aid money.
