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Federal Aid

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.