Financial Aid

We admit students on the basis of academic promise and not on their ability to pay. Hellenic American College is thus committed to helping students with demonstrated financial need attend and complete their studies for a degree of Hellenic American University. More than half of the student body receives some kind of financial aid.

Download the Financial Aid application

Tuition Guarantee Program

Hellenic American College promises that the tuition rate that applies when you're first admitted to Hellenic American College will remain the same until you graduate. The Tuition Guarantee Program means that you will know in advance how much your education will cost and will be protected from any future tuition increases.

Types of Financial Aid

We provide various types of financial assistance: need-based scholarships, merit scholarships, corporate study grants and early admission scholarships.

Need-based scholarships

Need-based scholarships are awarded to students with demonstrated financial need and who maintain good academic standing (a GPA of 2.00 and above for undergraduate students; GPA 3.00 and above for graduate students.) Although need-based scholarships may cover a significant part of tuition fees, in the case of exceptionally needy students, the College's financial resources are limited and we cannot guarantee that all need will be covered in all cases. The amount of need-based awards is decided on a case-by-case basis. To maintain and renew their awards undergraduate recipients must maintain a minimum GPA of 2.00 while graduate students a minimum GPA of 3.25.

Merit-based scholarships

Merit scholarships are awarded to applicants with exceptional academic achievement, leadership potential or involvement in community service, depending on the particular type of scholarship. Recipients of these scholarships need to maintain a higher GPA than need-based recipients.

Note that students who may not have been eligible for an initial merit scholarship but who during their studies at Hellenic American College have earned an exceptional GPA and have a record of service to the academic community may be eligible for a merit scholarship.

Corporate scholarships

The scholarship program aims to identify and support successful professionals with leadership potential. It provides sponsoring organizations with merit-based partial or full tuition subsidies for selected employees. Contact the Financial Services Office to see if your company participates in the corporate scholarship program and if not, how it can join.

Early admission scholarships

Early-admission scholarships are awarded to applicants who meet the University's admission requirements and make an early decision to attend. Contact the This email address is being protected from spambots. You need JavaScript enabled to view it. for details.

All four types of scholarships cover tuition charges for courses to be applied toward a degree. They do not cover fees or tuition for courses dropped following the add/drop period. Additional requirements may apply.

Applicants requesting aid based both on need and merit cannot receive an award larger than the 65% of their total tuition.

Applying for Financial Aid

Only applicants who have been granted full admission to a University degree program and students pursuing a degree program will be considered for financial aid.

New Students

If you are a first-time degree student or a transfer student and wish to be considered for financial aid, you will need to complete and submit the Financial Aid Application (available from the Office of Admissions) at the time that you apply. Since the College admits students on a need-blind basis, the Financial Aid Committee will consider your application only after you have been admitted. If you are applying for need-based scholarships, you will also need to submit supporting documents that provide information on your and, if applicable, your family’s financial resources.

Continuing Students

All financial awards are reviewed in terms of GPA and service to the academic community before they are renewed each year. Aid can be suspended or revoked if a student does not maintain academic standing appropriate to the award or does not demonstrate appropriate conduct within the College. Students’ GPAs are reviewed each semester to ensure that academic standing is being maintained.

Continuing students may reapply for financial aid if their or their family’s financial circumstances change, but not before a full academic year has elapsed from the date of their original award.

Obligations of Financial Aid Recipients

Financial aid recipient students are expected to further the mission of the institution by assisting the College through volunteer work in their department, University events and other projects. Students are asked to commit specific hours of service to the University community. Their contribution is evaluated and the results considered for the renewal of financial aid. 

Financial Aid FAQ

Here are some of the questions our potential students most often ask. Our staff members in the Office of Admissions are happy to talk with you in greater detail about financing the costs of your education at the University and to answer any questions you might have.

You can download the application here or pick up a copy at the Office of Admissions.
New students should submit their application for financial aid along with their admission application by August 31 for Fall admission or January 15 for Spring admission. The Financial Aid Committee will review applications after the applicant has been offered unconditional acceptance to the program applied for.

Continuing students who are applying for financial aid for the first time must apply by August 31. Continuing students who are submitting request for additional aid may submit an application up to a week before the start of the Fall semester provided that one academic year has elapsed from the award day of their original grant.

Financial aid covers tuition only. It does not cover fees such as education services fees or graduation and registration fees.
You will need to apply and be accepted for admission first. Then the College's Financial Aid Committee will consider your application for aid.
You may submit both a need-based and merit based financial request but the total award you will receive may not exceed the 65% of your program’s tuition charges.
For need-based scholarships, the amount of financial aid you receive depends on you and your family’s financial circumstances and on the availability of the College's financial resources. For merit-based scholarships, the Financial Aid Committee will examine your academic record, evidence of leadership potential and other factors.
In addition to the financial aid application, for need-based scholarships you need to supply copies of your and, if applicable, your family’s most recent tax return. For more information, talk to one of our staff members in the Financial Services Office. The financial aid application contains a list of documents you will need to submit.
Financial aid is awarded for the cost of the entire program but is reviewed each year in light of your current academic standing. All financial aid recipients need to maintain a minimum GPA, which varies according to the kind of aid they receive. Here is a table of GPA standards for need- and merit-based scholarships:

Minimum GPA

Undergraduate

Graduate

Need-based

 

 

For the initial award

2.00

3.00

To renew the award

2.00

3.25

Merit-based scholarships

 

 

Academic Excellence Scholarship

3.70

3.70

Departmental Scholarship

3.50

3.50

Community Involvement Scholarship

3.00

3.25

Corporate Scholarship

3.30

3.30

For need-based scholarships, the Financial Aid Committee first determines your level of financial need. Merit-based scholarships are awarded on the basis of academic record, demonstrated leadership potential and community service. That said, given the constraints on the College’s financial resources, in cases where two applicants who have same academic need, the College may award slightly more aid to the candidate with the stronger academic record.
No. The College recognizes that financial need is a function of various factors, including total income but also financial obligations, number of other dependents studying, etc.