Navigating the world of Financial Aid can be confusing. The following terms are offered to assist you in effectively understanding the various programs involved:

FAFSA - Free Application for Federal Student Aid. Information reported on this federal application is used to determine the amount of money a family is expected to contribute toward education expenses.

Expected Family Contribution - A measure of your family's financial strength and is calculated by the U.S. Department of Education based on the information provided on your FAFSA.  It is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive.  It is a number used by the university to calculate the amount of federal student aid you are eligible to receive. 

FSA ID - Comprised of a username and password created by the student or parent, this is used to electronically access personal information on U.S. Department of Education websites such as, and and to electronically sign required documents such as a Master Promissory Note (MPN).

Merit Scholarship - These are academic awards that are awarded by both the college and outside sources. All students upon entering DelVal are considered for merit awards. Academic achievement, extracurricular activities and strong citizenship are factors in the selection process.

Gift Assistance - This funding is not repaid. Scholarships or grants are the most prevalent types of Gift Assistance, but tuition waivers, sponsorships or tuition reimbursements from employers also qualify.

Grants - These are a type of gift assistance that may or may not require a minimum GPA, ACT or SAT score or financial-need level.

Federal Pell Grant - This Federal Grant is awarded to undergraduate students with an EFC less than $5487 as determined by filing the FAFSA, which determines both eligibility and the amount of the award.

Federal Supplemental Education Opportunity Grants - SEOG - Federal grants awarded for undergraduates with exceptional financial need. Priority is given to Pell Grant recipients.

Federal College Work Study/Campus Employment - Employment opportunities occur both on and off campus. Jobs will offer both financial resources and the opportunity to apply towards education experience.

Federal Direct Subsidized or Unsubsidized Loan - These are student self-help loans; the amount borrowed depends on enrollment status.

Subsidized - Awarded on the basis of need. These loans are interest free during enrollment to an authorized period (Amounts range from $3500 as a Freshman, $4500 as a Sophomore, and $5,500 as a Junior/Senior).

Federal Direct Parent PLUS - This loan is available to replace all or part of the expected family contribution and is limited only by the cost of attendance less other financial aid. Fixed interest rate currently 7.08% with 4.236% fee. A credit check is required, and repayment begins within 60 days after the loan has been fully disbursed. Interest-only payments may be made while student is in school, and the loan has a maximum repayment period of 10 years. Visit

PA State Grant - This is a need-based for PA residents. Award amounts vary.

State Grants - These are other grants awarded by individual states. They have varied amounts and may be portable for out-of-state students for attendance in Pennsylvania colleges and universities (New Jersey and New York are not).

Alternative Loans - These are loans provided by private lenders for educational purposes.

Payment Plans through the Office of the Bursar - Payment plans are also available through the Office of the Bursar.

For more information, or if you have a specific question, please call 1.800.2.DELVAL or 215.489.2272 or email