Responsible Office: Financial Aid Approved By: VP/Provost Approved Date: 8/13/2018 Effective Date: 8/13/2018 Category: Student Description/Purpose: Financial Aid Programs Details: Federal Pell Grants are grants awarded by the federal Department of Education by completing the FAFSA at http://www.fafsa.ed.gov. Saint Francis University encourages all students to apply for this grant, which is available for first bachelor's degrees only. Federal Supplemental Educational Opportunity Grants are available to students who demonstrate exceptional financial need. The grants are limited by the amount of allocation from the federal government and are available for a first bachelor's degree only. Saint Francis Grants are funded by Saint Francis University and are available to students who demonstrate financial need. The amounts are determined by the extent of the financial need that cannot be met by other sources. These grants have certain residential requirements and are available for a first bachelor's degree only. Federal Work Study is intended to stimulate and promote the part-time employment of students who are in need of funds to help defray expenses. Most positions at Saint Francis University require 3-8 hours of work per week during the school year. Must be a full-time student. The maximum hours that can be worked is 20 hour per week. Campus Employment offers limited work opportunities for students who are not eligible for the Federal Work Study and wish to have a part-time job on campus. Availability of jobs is dependent on funding per department. The maximum hours that can be worked is 20 hour per week. Other External Sources of Assistance Many forms of assistance are available outside the University. Many unions, fraternal organizations, parents' employers, banks, and most states have some form of scholarship or loan program. We urge students and their parents to investigate carefully all sources of financial aid. Information may be obtained from the Office of Student Financial Aid concerning available aid. Many Saint Francis University students receive assistance from sources such as:
What do I have to do to get my loan funds for next year? As in prior years, you must complete the FAFSA (Free Application for Federal Student Aid) at http://www.fafsa.ed.gov and provide any documents requested by our office.You will then have to complete a new Stafford MPN for the Direct Loan program before your funds will disburse into your student account. All students will need to complete the new entrance counseling for the Federal Direct Loan program.The Entrance Counseling can be completed at www.studentloans.gov. You can complete your Direct Loan MPN online at www.studentloans.gov.You will need the same FSA ID that you used for your FAFSA to electronically sign the note.If you do not have a FSA ID, you may obtain one via http://fsaid.ed.gov. *Note: If you will borrow from more than one loan (Stafford , Grad PLUS , Parent PLUS) you will need to complete a separate MPN for each loan program. |