The application for 2013 Summer Work-Study is available here. If you are interested in Summer Work-Study, please (1) submit the Summer Work-Study application directly to the Caltech Financial Aid Office and (2) submit your complete 2013-2014 financial aid application (with all supporting documents) to IDOC by May 10, 2013. The Summer Work-Study employment period is from July 1 through September 22, 2013. Eligibility for Summer Work-Study is contingent upon the availability of funds and your demonstrated financial need. The Summer Work-Study award is designed to allow you to earn your upcoming summer earnings expectation. You are expected to save a minimum of $1,500 from the $6,000 award.
Dollars and Sense Workshop
Release of Financial Aid Decisions for Prospective Students: Our first distribution of financial aid offers/decisions was released via the online Admissions portal the afternoon of March 29, 2013. Recipients should receive two email communications, one from the online portal and another from the Financial Aid Office alerting them to the availability of their financial aid decision. The Financial Aid Office communication has a link to the 2013-14 Financial Aid Offer Guide. We’ll continue to process applications as they become complete and will be releasing new offers/decisions each week through May 1, 2013.
Processing Update for Prospective Students and Their Parents: Caltech strongly encourages parents and students, who are eligible, to do the IRS Data Retrieval because it facilitates our processing of financial aid applications. New federal regulations require that any domestic student whose FAFSA is selected for Verification provide income information directly from the IRS using either data retrieval or an IRS Tax Return Transcript before they can receive an "official" financial aid award, and at Caltech, we verify 100% of our domestic applications.
We understand that some families have encountered delays in having their federal tax return data available for retrieval when completing the FAFSA and, therefore, it might also be unavailable for a transcript request. While we urge you to keep trying to comply with this requirement if it is applicable to you, it is more critical that you submit your FAFSA as soon as possible, even if you have been unable to do IRS Data Retrieval. Caltech will process applications for all admitted students who have a complete financial aid application with the exception of IRS Data Retrieval or an IRS Tax Return Transcript for the purpose of providing an "estimated" financial aid award. These estimated awards will become official after we have been able to complete verification processing once we receive a tax transcript or a family successfully uses the IRS Data Retrieval Tool on a FAFSA correction transaction.
Attention New/Returning Students: To apply for a loan for 2012-2013 please click here.
Financial Aid Recipients and Health Insurance: Students are not required to purchase the Institute's health insurance provided they have coverage through a comparable plan. However, once you enroll in the Caltech Student Health Insurance Plan, you are eligible to have that additional cost added to your Student Expense Budget, if you are currently receiving need-based financial aid. To be considered for additional loan and/or scholarship assistance to cover the cost, you must submit a written request for review using this form. Please do not hesitate to contact the Financial Aid Office if you (or your parents) should have any questions about this process.
Revised Undergraduate Satisfactory Academic Progress Policy for Financial Aid Eligibility: Effective fall 2011, the Institute was required to modify its Satisfactory Academic Progress policy in accordance with new federal regulations to ensure that each student who is receiving financial aid maintains satisfactory academic progress toward his or her degree. Please review the revised policy on the Satisfactory Academic Progress page of this website.
Net Price Calculator: The Institute is pleased to introduce the Caltech Net Price Calculator. Prospective applicants and/or their parents are invited to utilize this tool to estimate their financial aid eligibility and their out-of-pocket cost to complete an undergraduate degree program at Caltech. Our net price calculator will show many of you that a Caltech education may be more affordable than you might have previously thought.
Attention Graduate Students: The Financial Aid Office awards Federal and Institute student loans to eligible domestic graduate students. International graduate students who have completed their first year of study at Caltech may also be eligible to receive Institute-sponsored loans. For more information please call our office 626-395-6280.
News: October 2012 Caltech Again Named World's Top University