Does Peace Corps require a specific dollar amount of financial aid be provided to Fellows?
No, Peace Corps does not require a specific dollar amount or a specific percentage of cost be provided to Fellows; it’s determined by the school. We suggest that you take a four-step approach in deciding the appropriate level and type of aid for your school: 1) Determine the total cost of attendance, including non-academic costs. 2) Determine the amount of financial aid that will make your school competitive with the other schools to which Fellows may be applying. 3) Determine the baseline amount of financial aid that you can provide to each of the optimum number of Fellows that you would like to enroll in any given year. 4) Keep in mind that financial aid doesn’t just mean tuition remission. To reduce the cost of attendance, some schools are quite creative with their financial aid packages and include items such as medical insurance, housing, or book stipends.
