Federal Financial Aid is available to those who qualify. All applicants for Title IV Federal Student Aid funds must complete a Free Application for Federal Student Aid (FAFSA) for each award year. Once the FAFSA is received in the Student Finance Office, the student’s Estimated Family Contribution (EFC) is determined. The EFC is subtracted from the Cost of Attendance (COA – EFC) to determine each student’s demonstrated financial need. PELL Grants will be awarded based on the student’s EFC unless a student holds a Bachelor’s degree or higher. Eligibility for Subsidized and/or Unsubsidized Direct Loans will be calculated and added to the package.
Please note that any loan borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.
To be eligible for financial aid, students must:
Eligibility for aid and award amounts are determined by the results of the FAFSA. The Pell Grant is usually awarded to undergraduate students who have not earned a bachelor’s or a professional degree. The amount considers your financial need, cost of attendance, full or part-time student status, and intent to enroll for the full academic year or less. Qualifying students receive the full, eligible amount.
The specific dollar amount of the award can vary each year and is determined by the available funding. Once these funds are exhausted, additional awards cannot be made. The William D. Ford Federal Direct Loan Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. Award amounts for Direct Loans are based on a combination of factors, including the student’s grade level, financial need and dependency status (with an additional check against the National Student Loan Database System [NSLDS]).