Financial Aid Financial Aid Overview At Gannon University, we are committed to offering you the best financial assistance package possible. We want your Gannon education to be exceptional and affordable. More than 90 percent of Gannon students qualify for financial assistance. We offer a variety of scholarships, grants and awards that recognize academic and athletic accomplishments, outstanding talents and demonstrated need. While income is an important part of financial strength, many other factors are examined when determining the amount and type of financial aid you will receive, such as family size, number of siblings in college and assets. We advise all students, no matter their income level, to complete the Gannon Net Price Calculator and the online FAFSA form so they can be considered for every available resource. Financial Aid Process Step 1: Complete the Gannon Net Price CalculatorThe Gannon Net Price Calculator can be submitted to receive an estimate of financial aid. Gannon University's Net Price Calculator was developed to help families plan for educational costs. In addition to merit scholarships and grants, the calculator will utilize Federal Methodology to estimate an expected family contribution (EFC). The EFC will be used to determine eligibility for federal, state and institutional need-based financial aid. The results of this process will provide you with a comprehensive package of merit, need and self-help resources to use as a financial planning tool. Step 2: Apply for a Student Aid ID (FSA ID)The student (and one parent of a dependent student) must request an FSA ID prior to completing the required FAFSA form. The online site to do this is fsaid.ed.gov. Step 3: File the Free Application for Federal Student Aid (FAFSA)The FAFSA is available in October of your senior year in high school and can be submitted after October 1. Gannon’s FAFSA code is 003266. Include this code on your FAFSA to have your information sent directly to us. The recommended filing date for the FAFSA is no later than March 15 of the year you plan to enroll at Gannon. For Pennsylvania residents, the deadline for the Pennsylvania State Grant is May 1 of the year you plan to enroll. Step 4: Complete the Federal Direct Student Loan Master Promissory Note (MPN)While eligibility for a student loan may be indicated on an award letter, securing those funds still requires the completion of a Master Promissory Note. Your federal FSA ID is your electronic signature for the MPN. We recommend you submit the MPN by May 15 of the year you plan to enroll at Gannon. Step 5: Entrance CounselingStudents obtaining a Federal Student Loan are required to complete entrance counseling. Step 6: ReviewCarefully review any communication you receive from our Financial Aid Office, the Federal Student Aid Programs, your state agency, and/or your lender. All requests for information should be returned promptly to the appropriate department or agency, or call the Financial Aid Office for assistance.