Financing Your Education

Your Financial Aid Award

At Bloomfield College, we make the cost of a private college education affordable for you and your family. Through need-based grants, academic and athletic scholarships, Bloomfield discounts tuition on average by 30% for full-time students.  Many students are eligible to receive federal and/or state grants totaling up to $16,530. The college accepts tuition reimbursement benefits. Payment plans are also available.

Once the Office of Student Financial Services has received the results of your FAFSA, your financial aid package will be created based on your financial need. You may receive some form of financial aid in excess of your need up to the Cost of Attendance.

A financial aid award letter will be mailed to you and will outline the financial aid included in your package. This notice will include general information about each award offered and instructions for accepting or rejecting each award. Federal Direct student loans will require supplemental applications if you are a first-time loan borrower.

Students should be aware that some offers of aid require follow-up. Further instructions will be included with subsequent award notification.

Terms and conditions of financial aid programs are subject to change without notice.


When will I find out the amount of my financial aid?

First-year students:

If you met the March 15th FAFSA priority deadline, an award notification will generally go out beginning in mid March. Filing after March 15th, will result in a later posting of your aid.


Continuing students:

If you met the March 15th FAFSA priority deadline, you should receive an award letter notification beginning in June.  However, if you have been selected for Federal verification, all requested documents must be submitted and reviewed by our office in ordered to be awarded  financial aid. 

What grants might I be eligible for?

  • Federal Pell Grant (PELL).

    This is a grant from the federal government and does not have to be repaid.  Eligibility is based on financial need as determined by the FAFSA. Pell Grants are restricted to students pursuing their first undergraduate degree and are prorated if a student is enrolled for fewer than 12 credits each semester. A student may not receive a Pell Grant from more than one college for the same period of time. The range of specific award amounts may change each academic year based on Congressional appropriations. Beginning Fall 2012, students are now limited to 12 semesters of Pell Grant eligibility or 600%. 

  • Federal Supplemental Educational Opportunity Grant (FSEOG).

    A federal grant for undergraduates with exceptional financial need, as determined by the College. The amount per year varies depending on need and availability of funds awarded to the school by the federal government.

  • Tuition Aid Grant (TAG).

    A grant provided by the State of New Jersey to full-time undergraduate students (12 credits per semester) who meet need criteria established by the State of New Jersey. Recipients must be New Jersey residents for at least 12 months. Eligibility information is received on a Student Eligibility Notice (SEN).

  • Educational Opportunity Fund Grant (EOF).

    A grant of money provided by the State of New Jersey for students with exceptional financial need from educationally disadvantaged backgrounds. Students must be New Jersey residents; recipients must maintain full-time (12 credits per semester) enrollment and be designated an EOF student at the time of admission.  Selection is made by the College based on economic and academic criteria.

  • Bloomfield College Scholarships

  • Trustee Scholarship 
    $8,000 - Full Tuition

    with HS GPA: 3.6 - 4.0
    and SAT Score: 900 - 1400+ (Math + Critical Reading)
    or ACT Score: 19 - 32+
    Presidential Scholarship
    $6,000 - Full Tuition
    with HS GPA: 3.0 - 3.5
    and SAT Score: 900 - 1400+ (Math + Critical Reading)
    or ACT Score: 19 - 32+
    Leadership Scholarship
    $5,000 - $11,000
    with HS GPA: 2.7 - 2.9
    and SAT Score: 900 - 1400+ (Math + Critical Reading)
    or ACT Score: 19 - 32+

    Requirements: Letter of Recommendation with Detailed Description of Leadership Roles while in High School
    Community Service Scholarship
    $3,000 - $5,000
    with HS GPA 2.5 - 4.0

    Requirements: Two-Page Essay About Experience and Proof of Requirements with Community Service and Hours
    Transfer Scholarship I
    up to Full Tuition

    (limited number of full tuition awards available)
    with Cum. GPA 3.5 - 4.0
    and Associate's Degree, Phi Theta Kappa Membership, and On-Campus Interview. Proof of A.A./A.S. and PTK Required.
    Transfer Scholarship II
    $6,000 - $15,000
    with Cum. GPA 3.0 - 4.0
    and 60+ Transferable Credits or Associate’s Degree
    Transfer Scholarship III 
    $5,000 - $9,000
    with Cum. GPA 3.0 - 4.0
    and 30-59 Transferable Credits

    Above scholarships cannot be combined; one award per student.

     
     
  • Bloomfield Athletic Scholarships.

Athletic Scholarships Men’s Baseball, Basketball, Cross Country, Soccer, and Tennis

Women’s Basketball, Cross Country, Soccer, Softball, and Volleyball

Are there work opportunities available as part of my financial aid package?

Yes, the Federal Work-Study (FWS) is a federally-funded work program. This award would be earned by the student after he/she obtains a work assignment. FWS is not deferrable against the semester bill.

What loans might I be eligible for?

  • Federal Direct Subsidized Loan.

    A loan awarded on the basis of financial need. The federal government pays interest on the loan ("subsidizes" the loan) while in school.  Students must be enrolled at least half-time (1.5 course units). As of July 1, 2012 the interest rate is fixed at 6.8%.

  • Federal Direct Unsubsidized Loan

    A loan not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be capitalized; that is, the interest will be added to the principal amount of the loan and will increase the amount you will have to repay. Students must be enrolled at least half-time (1.5 course units). Repayment of this loan begins 6 months after the student ceases to be enrolled in college at least half-time or completes his/her program of study. As of July 1, 2012 the interest rate is fixed at 6.8%.

  • Federal PLUS Loan:

    PLUS loans enable parents with good credit histories to borrow to pay the educational expenses of each child who is a dependent undergraduate student enrolled at least half time. Interest is charged on the loan from the date the first disbursement is made until the loan is paid in full.  Students whose parents are denied the Federal Plus loan, will be allowed to borrow additional Federal Direct unsubsidized loans. As of July 1, 2012, the interest rate is fixed at 8.5%.