Rather it's an estimate of your family's capacity over time to absorb some of the costs of education. A provision allows financial aid offices to make documented changes to the formula if circumstances beyond a family's control alter its ability to pay for college. All students who believe they may need assistance should apply for financial aid. If you complete the financial aid application procedures you are applying for a scholarship or grant. Parsons' Office of Financial Aid distributes over four million dollars in scholarship funds each year to students who demonstrate ability and financial need.
Parsons offers two different kinds of scholarships - unrestricted and restricted.
Restricted scholarships are funds which donors have designated for a certain purpose or type of student. They may be determined by a specific geographic location or may be for students majoring in certain subjects. The Financial Aid Committee will match you to a restricted scholarship if you show need and fit specific criteria. But if you think you may fit the criteria for one or more of the restricted scholarships, please inform the Office of Financial Aid in writing. The Financial Aid Committee determines your eligibility for Parsons scholarships.