Do I Qualify for Financial Aid from the Government?
The majority of Bryant & Stratton College students receive some form of financial assistance through grants, scholarships and loans. To find out if you qualify for financial assistance, ask to speak with one of our financial aid advisors. Below is a list of financial aid options offered by the federal government to college students who have completed a Federal Application for Federal Student Aid (FAFSA) form. These forms are available online and in any of our Bryant & Stratton College campuses.
Pell Grants
The Pell Grant Program provides grants of up to $5,550
for each undergraduate year. Eligibility for these grants is determined
by the federal government, based on the information provided on the
“Free Application for Federal Student Aid.” As of the 2012-2013 federal
award year, all students are limited to the equivalent of 12 semester
payments in their lifetime. The student should receive and bring their
Student Aid Report to the Financial Aid Office of the College to
determine the amount of the student’s award.
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FSEOG Program
The Federal Supplemental Educational Opportunity Grants
Program provides financial assistance to students who demonstrate
financial need. Grants range from $100 to $4,000 per academic year.
Eligibility for these grants is determined by the Financial Aid Office of
the College.
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Federal Work-Study Program
This is a federal program of student employment for students with
financial need. Students may work part-time at the college while
attending classes full-time. On-campus jobs include work in offices,
library, computer labs, etc. Off-campus employment with qualifying
agencies may also be available.
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Federal PLUS Program
The Federal PLUS Program enables parents to borrow directly from the US
Department of Education lending institutions to pay for a dependent
child’s cost of education. Repayment begins on the date of the last
disbursement of the loan, and payment is made over a ten or twenty
year period. Payments may be deferred upon request. The interest is a
variable rate as determined annually by the federal government.
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William D. Ford Federal Direct Loan (Direct Loan) Program
Federal Direct Loans enable you to borrow money directly from the U.S.
Department of Education for the purpose of paying for your education.
Unlike grants and work study, loans must be repaid with interest once you
leave school. You must be enrolled at least half-time to be eligible for a
Direct Student Loan. The Direct Loan Program includes two distinct loan programs. Eligibility
for the “Subsidized” Stafford Loan is based upon financial need.
The “Unsubsidized” Direct Loan is not based on financial need.
Almost all students who meet the “general eligibility requirements for
federal financial aid” are eligible for a Direct Loan.
The eligibility for unsubsidized loans is larger for independent students
because they do not have access to PLUS loans.
Students applying for federal student loans must use the Direct Loan
Program beginning with the 2010/2011 federal aid year, and are
required to sign an electronic master promissory note and complete
entrance counseling online at www.studentloans.gov.
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Additional Government Programs
Various governmental agencies administer programs that assist with
educational costs. These agencies may include the Department of
Veterans Affairs (VA), Bureau of Indian Affairs (BIA), New York
Vocational Educational Services for Individuals with Disabilities
(VESID), Trade Readjustment Act (TRA), Workforce Investment Act
(WIA), and others. For further information regarding eligibility, contact
your high school guidance counselor, other social services agencies, or
Bryant & Stratton College.
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Useful Federal Websites:
www.fafsa.ed.gov
www.FederalStudentAid.ed.gov
www.Studentloans.gov
www.Fafsa4caster.ed.gov
www.nslds.ed.gov
studentaid.ed.gov
State Scholarships, Grants and Tuition Assistance
Benefits vary by state. Please speak with a Bryant & Stratton College representative to identify which benefits are available in your state.