Hawaii Financial Package
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How to fill out Financial Package?
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FAQ
You may see three different types of financial aid listed on your financial aid offer?grants and scholarships, loans, and work-study. Scholarships and grants are the best types of financial aid because they do not have to be paid back. Loans are borrowed money that may accumulate interest and must be repaid.
In most cases, your child's school will give you your loan money by crediting it to your child's school account to pay tuition, fees, room, board, and other authorized charges. If there is money left over, the school will pay it to you.
For a household of three persons, this means the monthly gross income must be less than $2,941 and the net income must be under $610, if the household includes an employable adult.
Currently, the monthly benefit is $469 a month (effective June 1, 2023) for an individual and may not exceed this amount by statute.
DHS General Assistance Visit humanservices.hawaii.gov/bessd/snap or call 1-855-643-1643 to learn more and apply.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
Who May Receive Financial Aid You must be a resident of Hawaii. You do not live in a public institution. You are a U.S. citizen. ... Your income is less than the Department's standard of assistance. Your total assets such as cash, stocks, bonds, or real property not lived on, does not exceed the Department's standards.
A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The school's financial aid staff combines various forms of aid into a "package" to help meet a student's education costs.
Your financial aid package is likely to include funds from the federal student aid programs but may also include funds from state and institutional aid programs. Note that not all colleges participate in all federal student aid programs.
University of Hawaii at Manoa costs $14,825 after scholarships and grants, with 50% of students receiving financial aid and an average aid package of $16,262.