- What is the cost of attending Bucknell?
- Is my financial aid file complete?
- What is the verification process for first year students and why do I have to submit tax return documentation for it?
- What does it mean if I am selected for federal verification?
- Is it possible to be awarded a merit scholarship after the first year?
- What happens to my aid if I receive an outside scholarship?
- Are international students eligible for Bucknell need-based financial aid?
- Does Bucknell admit and provide financial aid to undocumented students?
- What happens if my package includes work-study but I feel that I will not have time to work?
- Do I have to apply for aid every year?
- How do I accept/decline any aid that was awarded to me?
- Is financial aid guaranteed in future years?
- What happens if I apply for financial aid past the deadline?
- Does my parents' income have to be at a certain level for me to be eligible for aid?
- What does my enrollment need to be in order to receive aid?
- How will I be informed if my financial aid package is revised?
- How do named or endowed funds work?
- When are bills available and when are they due? How will my aid appear on them?
- What happens to my financial aid if I withdraw from school?
- I want to go to summer school. May I receive financial aid for summer?
- Is financial aid available for study abroad?
- What if I think I am "independent?"
- Is financial assistance available for graduate study at Bucknell?
- Does Bucknell participate in the Yellow Ribbon program?
- How do I apply for aid if my parents are divorced?
- Does Bucknell provide merit scholarships? If so, how can I apply for them, and how are they awarded?
- How does satisfactory academic progress work?
- May I request additional aid because of special circumstances?
- Where do I receive my 1098-T form for tax reporting purposes?
A. The costs for 2018-19 are listed below:
$304 Student Activity Fee
$8,332 Room (This charge is for a basic double room with air, but your actual charge may be more expensive depending upon the type of room you choose.)
$5,330 Board (This charge is for an anytime access meal plan, but your actual charge may be more expensive depending upon the type of meal plan you choose.)
$69,754 Total Comprehensive Fee
In addition to these direct costs, students should be prepared to meet expenses for books, supplies, personal, travel, etc. A typical amount for these costs ranges from $2,500 to $3,000. In recent years, our costs have increased by approximately 3.5% to 3.8% per year. Please be aware that if you choose more expensive room and/or board options, you will be responsible for the additional costs. This is estimated numbers pending approval by the University and are subject to change.
A. For Class of 2023 Applicants: This answer depends on the time of year; “complete” can mean different things at different times. If you decide to enroll, by May 5, you will need to submit tax and verification forms to the Office of Financial Aid. Also, you will need to complete the Free Application for Federal Student Aid (FAFSA) by May 1 at the latest. (Please be sure to utilize the "IRS Data Retrieval" option on the FAFSA.) If large income discrepancies exist between the tax returns and the information you reported on your CSS PROFILE, please be aware that your award eligibility may change. If you did not complete the CSS PROFILE by our deadline, you will be considered late and we cannot guarantee aid availability. Please follow the Financial Aid Checklist to make sure you have completed everything on time.
NOTE: We do not download FAFSA information into our system until the end of March, so we cannot check to see if we have received it until then.
For Returning Students: If you are applying to renew your financial aid, please see the list of items required and instructions.
Q 3. What is the verification process for first year students and why do I have to submit tax return documentation for it?
A. In our spring verification process, we review the figures on your tax returns, W-2 forms and verification forms to make sure that you are still eligible for the original aid package that we awarded to you. Aid changes will result when the actual income from the tax return is substantially higher than what was reported on the CSS PROFILE, or if there is a decrease in the number of children enrolled at least half-time in undergraduate degree-seeking programs. In these cases, we will inform you as soon as possible and ask for any additional information that you may have. For returning students we do the awarding and verification process at the same time, as we need tax return documents in order to determine aid eligibility.
A. After you complete the FAFSA, you may be notified by the Department of Education that your file was selected for a process called federal verification. For Bucknell's verification process, we need copies of tax returns, W-2s and our verification form, but the Department of Education's verification process is a little different. You will need to use the "IRS Data Retrieval" option of the FAFSA so that your tax information will automatically fill in the appropriate FAFSA questions. If you do not use the "IRS Data Retrieval" process, then federal regulations will require you to order a "tax transcript" from the IRS, which could take time and delay timely disbursement of financial aid in the fall. We will inform you if you are selected for verification, and if so, we will tell you exactly what you need to do in order to complete the process.
A. No. Our merit scholarships are only awarded at the time of admission.
A. Bucknell's maximum gift aid policy stipulates that the total of any education-related funding from any source (grants, scholarships, awards, tuition benefits, VA benefits, and any other funding for education expenses) cannot exceed our published comprehensive cost plus $1,500. The cost includes tuition, student activity fee, standard double room and anytime access meal plan. This cost is $72,370 for the 2019-20 academic year and $72,370 + $1,500 = $73,870. If this amount is reached, we will reduce any Bucknell aid (need-based and/or merit-based) dollar for dollar. Please be sure to send the Office of Financial Aid copies of any outside funding letters that you receive. If outside organizations remit their funds after your semester bill is due, please be advised that you will incur late fees as a result.
A. Bucknell offers limited financial aid resources to support international students (those who are not U.S. citizens) who are a) admitted to Bucknell, and b) demonstrate financial need through our application process. While Bucknell financial aid packages for international students can be significant, only a small number of highly qualified international applicants are ultimately chosen to receive financial assistance. Bucknell is currently not "need-blind" for international students. A family's financial contribution toward a student's educational costs at Bucknell is part of the admissions review process, along with the other factors such as academic achievement, standardized test scores, leadership and service, unique perspectives and character qualities, special talents and geographic background. Applicants must complete the International Student Financial Aid Application and submit it to the Office of Admission with their other admissions application materials. Please see Paying for Bucknell for additional information.
A: Undocumented students who have applied for admission are treated as international students. Bucknell is currently not "need-blind" for international and undocumented students. A family's financial contribution toward a student's educational costs at Bucknell is part of the admissions review process, along with the other factors such as academic achievement, standardized test scores, leadership and service, unique perspectives and character qualities, special talents and geographic background. Undocumented students who wish to apply for financial aid need to complete the College Board CSS PROFILE financial aid application.
A. Some students feel that they need time to adjust to college life and their studies. If this is the case, then you are not obligated to work. We can assist you by suggesting additional loan programs; however, additional need-based grant will not be awarded to replace any work-study funds that you may decline.
A. Yes. Because your eligibility can change from year to year, you will need to reapply for aid each year during your time at Bucknell. Returning students must submit all documents by March 15. (However, you will only need to complete the CSS PROFILE in the first year you are applying for financial aid.)
You can expect a similar need-based aid package each of your four years at Bucknell if:
- Your family's financial situation stays relatively the same (income, assets, number in the household, number of children in the household enrolled at least half-time in first undergraduate degree-seeking programs). Be sure to be aware that one of the factors that affects need-based aid eligibility the most is this number in college. If this number decreases, your need-based grant will decrease as well, and we do not want for this to be a surprise to you in a future year. A decrease from two in college to one in college will result in your need-based grant decreasing significantly, but please understand that this amount can vary due to the many variables involved.
- You continue to demonstrate financial need as determined by Bucknell's Office of Financial Aid.
- You adhere to our application deadlines.
- You maintain satisfactory academic and social standing.
A. If you are accepted to Bucknell, we assume that you will accept any grants or scholarships. If you would like to decline loans or work-study, please do so on the Bucknell University Financial Aid Data Form. (If you do not have this form when you decide to decline loans or work, please email the Office of Financial Aid at email@example.com and tell us what you would like to decline.)
A. We cannot guarantee need-based aid for future years because your eligibility can change. Our policy is to try to maintain your Bucknell Need-Based Grant at the same level for each of your four years here, while adhering to institutional and federal financial aid policies and regulations regarding financial need. It is important to be aware that if your parents' income increases, or if the number of children in the household enrolled at least half-time in first undergraduate degree-seeking programs decreases, then your need-based grant will decrease. We will review your application materials and try to award as much aid as we can. Please know that we are unable to award additional funds to cover tuition increases from year to year. Four-year no-need and merit awards will automatically be renewed each year, as long as students meet the specific requirements for each program.
If you miss our filing deadline but wish to apply for financial aid late, you may still do so. However, it it is important to be aware that Bucknell Need-Based Grant funds are limited. Therefore, it is possible that this funding will not be available if you should apply late. We will award federal aid in accordance with your eligibility.
For prospective students, our financial aid application deadline is November 15 for ED1 and January 15 for ED2 and RD of your senior year in high school. If you apply late, we will try to award what we can, but the funding will be limited.
For returning students who have received Bucknell Need-Based Grant aid in the previous year, our financial aid application deadline is March 15. If you apply late, we will try to award what we can, but the funding will be limited. If you do not complete your financial aid file until after the deadline, please know that we will not be able to award the same amount of grant as in the previous year.
A. Since so many variables (parent and student income, parent and student assets, number of family members in the household, number of children enrolled at least half time in undergraduate degree-seeking programs) are included in the calculation of financial need, there is no specific income cutoff in the determination of financial aid eligibility.
A. You must be enrolled full-time to be eligible for Bucknell Grants and Scholarships. For federal or state aid, you must be enrolled at least half-time.
A. If we have revised your original financial aid package due to additional aid, outside scholarships, etc., please be aware that we will e-mail you at your Bucknell student e-mail account with instructions to check myBucknell for the changes. Please be sure to share this information with your parents.
A. If you are selected to receive a named scholarship, please be aware that it will fund a portion of the Bucknell aid that you have already been awarded. Endowed funds are not in addition to previously awarded funds. Scholarships that are listed in the Bucknell catalog are predominantly need-based awards that were established by donors for special philanthropic purposes. Your completion of the online Student Disclosure/Named Scholarship Form will help us to award these named funds appropriately. Complete this form in myBucknell: under "Banner Web Tools for Students", click on "Student Disclosure/Named Scholarship Form".
Recipients have an opportunity to meet representatives of named scholarship funds at Bucknell's annual Scholarship Day celebration during the spring semester. You may receive notification from the office of Donor & Volunteer Relations asking you to send a thank you note to a donor. We strongly suggest you do this, as it will let the donor know how much you appreciate their generosity.
A. Fall semester billing statements will be made available by Bursar Services in mid-July, and fall semester payments will be due the first week in August. Spring semester bills will be made available the first week in December, with payments due the first week in January. If you enroll, you will find the exact due dates in B-bill, your Bucknell billing account accessible through your myBucknell login. Scholarships or loans awarded by other agencies may be deducted from the billing statement amount and the balance paid to the university. Please be aware that if your financial aid file is not complete by the time you receive your first billing notice in July, any previously awarded financial aid may be rescinded, and it is possible that Bursar Services may charge late fees to your student account. Also, if you still owe a balance for the previous academic year, you will not receive financial aid for the upcoming year until your previous balance is paid. Bucknell charges a late fee of one percent of the unpaid balance at the end of each month for accounts with outstanding balances due to the non-receipt of scholarships or loans. If you have specific questions about your bill, you may contact Bursar Services at 570.577.3733 or firstname.lastname@example.org.
A. The timing of your withdrawal from the University may result in outstanding financial obligations. Until the withdrawal process is completed by the Registrar's Office, no refunds, if applicable, can be initiated. You can find the details of the University's Credit and Refund Policies, including guidance on the return of Federal Student Aid requirements published in the Finances and Financial Aid section of the University catalog. Questions regarding potential financial obligations and refunds should be directed to Bursar Services at 570.577.3733 or email@example.com.
If you are a current financial aid recipient, please understand that if you withdraw before 60% of the semester has passed, federal regulations require the Office of Financial Aid to calculate the percentage of the semester you completed and determine whether we must return any of your federal financial aid to the federal government and/or Bucknell financial aid to the University. If a refund of federal aid is required, the order is the following:
- Federal Unsubsidized Direct Stafford Loans (other than PLUS loans)
- Federal Subsidized Direct Stafford Loans
- Federal Perkins Loans
- Federal Direct PLUS Loans
- Federal Pell grants for which a return of funds is required
- Academic Competitiveness Grants for which a return of funds is required
- National SMART Grants for which a return of funds is required
- Federal Supplemental Educational Opportunity Grants (SEOG) for which a return of funds is required
- Federal Teach Grant for which a return of funds is required
- Iraq Afghanistan Service Grant for which a return of funds is required
In addition, please be aware that federal loans that you have borrowed will go into repayment six months after you drop below half-time enrollment, unless you are in an approved leave of absence status as defined by the federal government for Title IV financial aid purposes. The federal Title IV leave of absence definition is more stringent than the Bucknell leave of absence definition, so they are not the same thing. In the vast majority of cases, Bucknell leave of absence does not qualify as a federal Title IV leave of absence, so your official status to the federal government must be reported as a withdrawal.
If you will be returning to Bucknell after a voluntary withdrawal, health withdrawal, or leave of absence, please be aware that you must re-apply for financial aid each year. Although we cannot make any guarantees, if you are eligible, we will do our best to provide financial aid to you. Our deadline for returning students is March 15, so please be sure to complete your financial aid file by this date. If you have questions as to what documentation is required, please contact the Office of Financial Aid.
A. If you are required to attend summer school by your academic Dean for reasons of deficient GPA and/or credit hours, then aid may be a possibility if you are a student already receiving Bucknell Need-Based Grant for the immediately preceding fall/spring semesters.
Please be aware of the following summer financial aid policies:
- Opportunities for summer financial aid are extremely limited. If awarded, it will only be partial funding toward tuition, so you will be responsible for the remainder of your costs. If you are required to attend Bucknell in the summer, you and your family will have to contribute from personal resources to cover other summer expenses including tuition not covered by financial aid, as well as room, board, books and incidental costs you may incur.
- You must be a student receiving Bucknell Need-Based Grant for the immediately preceding fall/spring semesters.
- Please be aware that the Fall/Spring Posse Scholarship is a leadership award, is not based on need, and is not offered in the summer. Also, merit scholarships are not offered in the summer.
- Partial funding is restricted to students who are required by their academic Dean to attend Bucknell University on-campus courses in the summer.
- If you have not borrowed all of your federal loan eligibility for the immediately preceding fall/spring semesters and are eligible to borrow for summer, you will be expected to exhaust this resource before we can consider any other aid for you.
- You must complete the summer financial aid application and submit it to the Office of Financial Aid.
Summer aid is NOT available in the following cases:
- For students who only wish to take extra credits in the summer,
- For students who are not currently receiving Bucknell Need-Based Grant for the immediately preceding fall/spring semesters,
- For students who have the option to complete summer study at a college or university nearer their home,
- For students who have graduated or are walking in the commencement ceremony.
A. Fall/spring programs — If you are studying in a fall/spring Bucknell approved off-campus program, typically you will receive the amount of aid you would have received had you remained on Bucknell's campus. However, please be aware that Federal Work-Study cannot be used for off-campus study.
Summer and Winter (Jan term) programs — If you would like to study abroad in the summer or winter, please be aware that the University does offer limited need-based study abroad funding. You must already be a Bucknell Need-Based Grant recipient (or have demonstrated financial need as determined by Bucknell’s Office of Financial Aid) for the immediately preceding fall/spring and be maintaining satisfactory academic progress. Since financial aid funds are limited, a student may only receive study abroad funding one time so that other students have an opportunity to apply. Our office will be notified of students who have applied to study abroad, and we will be in touch with you regarding your financial aid eligibility.
Please know that students who have graduated or will be graduating immediately prior to the summer in question are not eligible for financial aid for study abroad.
A. According to federal regulations, an unmarried undergraduate student under age 24 will be considered dependent unless you are a veteran or on active duty for purposes other than training, an orphan, a ward of the court or in foster care, an emancipated minor or in legal guardianship as determined by a court in your state of residence, have dependents of your own, you have been determined to be an unaccompanied youth who was homeless by your high school/director of an emergency shelter or transitional housing program funded by HUD/director of a runaway or homeless youth basic center or transitional living program, or you can clearly document in writing (and have 2 adults who know you do the same) that you have been self-supporting for at least one year due to parental abuse or neglect. Please be aware that Bucknell does not offer institutional aid to students who simply consider themselves to be independent but do not qualify for one of the above conditions. The Office of Financial Aid receives very few requests for independent status since the circumstances are so serious, and approval is rare.
A. Some graduate grant assistance is available. Contact the Office of Graduate Studies, 209 Marts Hall, Bucknell University, 570.577.1304, for more information. Graduate students may borrow up to $20,500 in unsubsidized Federal Direct Loan. Students may also be eligible for the Federal Direct Graduate PLUS Loan. For more information regarding graduate student loans, please contact the Office of Financial Aid.
A. Yes. The Yellow Ribbon GI Education Enhancement Program (Yellow Ribbon Program) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. This program allows institutions of higher education in the United States to enter voluntarily into an agreement with the Department of Veterans Affairs (VA) to fund tuition expenses that exceed the VA cap for private schools. The Department of Veterans Affairs determines eligibility for benefits through the Post-9/11 GI Bill including the Yellow Ribbon Program. Only individuals entitled to the 100% maximum benefit rate (based on service requirements) may receive Yellow Ribbon Program funding. Your Certificate of Eligibility will indicate whether you meet the requirements for the Yellow Ribbon Program.
If you are a prospective student interested in the Yellow Ribbon program at Bucknell, please be sure to submit your Certificate of Eligibility to the Office of Financial Aid no later than January 15 of your senior year in high school. (This is the same date as our deadline for admissions and financial aid applications.)
Bucknell's Yellow Ribbon contribution will be from institutional financial aid sources, including merit aid sources. For example, if we have previously awarded a $10,000 merit scholarship to you, this $10,000 is part of what we will use for the Bucknell Yellow Ribbon contribution. If the VA prorates their VA Yellow Ribbon match, we will prorate our amount as well. Federal Pell grants, state funding and/or outside grants may decrease Bucknell's contribution if the amount exceeds our tuition and student activity fee charges.
Please be aware that you will be responsible for room and board costs. Typically, the VA will award a monthly stipend to assist with these expenses.
Upon being selected to participate in the Yellow Ribbon Program at Bucknell, you will remain eligible as long as Bucknell continues to participate in the Yellow Ribbon Program, you remain in good academic standing, and you still have remaining VA entitlement.
If you have questions about the Yellow Ribbon program at Bucknell, please contact the Office of Financial Aid for further information.
A. The student's custodial parent must complete the CSS PROFILE, including financial data about his/her spouse. In addition, the non-custodial parent (and spouse) must complete the Bucknell University Non-Custodial Parent's Form.
Q 26. Does Bucknell provide merit scholarships? If so, how can I apply for them, and how are they awarded?
A. While most Bucknell aid is awarded based on need, a limited number of merit scholarships can be awarded to incoming students based on special attributes. Students are selected based on admissions or recruiting criteria. See the Bucknell Scholarship Program section on our website for more information.
A. Bucknell University students who receive federal financial aid are required to be in good academic standing and to be achieving satisfactory academic progress toward their degrees. (Please be aware that satisfactory progress for federal financial aid eligibility is separate from the University's academic progress policy.) The academic progress of financial aid recipients will be reviewed by the Office of Financial Aid at the end of each semester.
Bucknell University students who receive federal financial aid must meet or exceed the requirements summarized below:
- Must successfully complete at least 67% of all attempted coursework. Calculations that do not result in whole numbers are rounded to the nearest whole number. Course withdrawals, incompletes, and transfer credits are included in this calculation.
- Must achieve a cumulative minimum GPA as noted in the following chart:
|Credits Attempted||Minimum GPA|
|1 - 8.99||1.80|
|9 - 15.99||1.90|
Treatment of W, I, AU, F, and TR Grades:
- Course withdrawals (W) are not included in the GPA calculation, but are considered a non-completion of attempted coursework.
- Incomplete (I) grades are not included in the GPA calculation but are considered a non-completion of attempted coursework until the incomplete grade is replaced with a permanent grade and academic progress can be reevaluated.
- An audit (AU) is not considered attempted coursework. It is not included in the GPA calculation or completion rate determination.
- A failing grade (F) is treated as attempted credits not earned; it will be included in the calculation of the GPA and the minimum completion rate.
- Transfer credits (TR) accepted by Bucknell University are counted as both attempted and earned credits. Grades received for transfer credits are not included in the calculation of the GPA.
Students who do not achieve the levels of financial aid satisfactory academic progress listed in the chart above will be placed on financial aid warning by the Office of Financial Aid for the upcoming semester, and will be notified of this status in writing. Students placed on financial aid warning are eligible to receive federal aid during their financial aid warning semester. Such a student will be expected to achieve financial aid satisfactory academic progress by the end of the upcoming semester. If the student does, then federal financial aid may still be awarded for the next semester. If the student does not achieve financial aid satisfactory academic progress, then federal financial aid will be suspended (financial aid suspension) for the next semester, and the student will need to secure other sources of funding outside the University. Students placed on financial aid suspension who wish to reestablish financial aid eligibility have one of two options: pay for the next term on your own and have your financial aid satisfactory academic status reevaluated after the completion of that term or submit an appeal to the Office of Financial Aid.
In addition, please be aware that institutional and state financial aid may be suspended as well. If it is determined that a student is not eligible for federal/state aid, but is still eligible for institutional aid, it is important to understand that the family is responsible for securing funding to replace the federal/state aid that was lost. If it is determined that a student is not eligible for either institutional or federal/state aid, then the family is responsible for securing funding to replace all aid that was lost. It is important to keep in mind that Bucknell University institutional financial aid is limited to eight semesters. Federal guidelines stipulate that federal aid may be awarded for a maximum of twelve semesters.
If a student wishes to appeal the loss of institutional and/or federal/state aid, the student must submit an appeal letter to the Office of Financial Aid within two weeks of being notified of their loss of financial aid eligibility. The letter must include any extenuating circumstances (including but not limited to death in the family, catastrophic injury, serious medical situations, etc.), any information the student feels was relevant to his or her lack of academic progress, and a specific plan to retain financial aid satisfactory academic progress and good standing. The Office of Financial Aid will review such appeals and consult the College of Arts & Sciences, the College of Engineering, the College of Management or the Registrar's Office as necessary. Each student's situation will be reviewed individually and on its own merits. It is possible that a student may be granted a waiver of the financial aid satisfactory academic progress policy if the situation warrants such consideration due to the student's circumstances. If so, the student will be placed on financial aid probation or an academic plan for their next period of enrollment. However, this is not guaranteed and should not be expected. Each situation is unique and will be reviewed thoroughly.
Students on financial aid probation may only receive Title IV funds for one payment period. A student on financial aid probation may not receive Title IV funds for the subsequent payment period unless: the student is now making satisfactory academic progress after the semester they were placed on financial aid probation or the student was placed on an academic plan and the student is meeting the minimum requirements of the academic plan.
If a student is placed on an academic plan and fails his academic plan, the student can only regain federal aid eligibility by paying for the next term on his own and successfully meet the requirements of Bucknell’s financial aid satisfactory academic policy.
(updated October 2017)
A. If your parents/you feel that your family has special financial circumstances, you and your parents may send a letter of appeal to the Office of Financial Aid. Please clearly explain the situation in writing, including as many facts and figures as possible, and submit the letter to the attention of the Director of Financial Aid. Your file will be reviewed and a determination will be made to see if you may be eligible for additional assistance. This process can take a bit of time, especially if your situation is complicated or we need to ask you for additional information. In addition, please understand that we will only accept appeal letters from parents/students, since you know the most about your own family’s situation.
Please be aware that Bucknell's financial aid resources are limited, and increases in Bucknell Need-Based Grant are rare. In most cases, the only additional aid we can suggest will be loans. In addition, please note that we expect you to borrow the maximum in Federal Direct Loans (both subsidized and unsubsidized) for which you are eligible before you may be considered for additional aid from University sources.
A. It may be found on your myBucknell account or you may contact Bursar Services at 570.577.3733.