Federal Pell Grant - Undergraduate
|
|
Description
|
- Federal government grant, based on need
- Repayment not required
- Available for full and part-time students
- Limited to 12 full-time equivalent semesters
- For additional information about the Federal Pell Grant visit Federal Student Aid
|
|
How to Apply
|
- Complete general FAFSA requirements
|
|
Amount
|
- 2013-14: Varies based on EFC, not to exceed maximum of $5,645 per year - funding levels are subject to change.
|
|
Deadline
|
|
Ohio College Opportunity Grant (OCOG) - Undergraduate
|
|
Description
|
- State of Ohio grant, based on need
- Limited to 10 full-time equivalent semesters of need-based State of Ohio grant aid
- Available for full and part-time students
- Seeking first associate's or bachelor's degree
- Available for tuition and fees only
- U.S. citizen and eligible non-citizen
- Ohio residency of 1 year required
|
| How to Apply |
- Complete general FAFSA requirements
|
| Amount |
- 2013-14: estimated to be the same as 2012-13
|
| Deadline |
|
Pennsylvania Higher Education Assistance Agency (PHEAA) - Undergraduate
|
|
Description
|
- This program allows eligible Pennsylvania residents to obtain financial assistance for undergraduate study at any PHEAA-approved institution of higher education
- Meet criteria for financial need
- Must be enrolled at least half-time in a PHEAA-approved undergraduate program of study and not already have a 4-year (or more) undergraduate degree
- At least 50% of the total credits/clock hours required for completing the program of study must be earned through face-to-face classroom instruction
- Be a Pennsylvania resident for at least 12 months before applying for this grant
|
| How to Apply |
- Apply at www.pheaa.org
- For more information, call toll-free: 1.800.692.7392
|
| Deadlines: |
- May 1 for: 1) all renewal applicants, 2) new applicants who plan to enroll in an undergraduate baccalaureate degree program, and 3) those in college transfer programs at two-year public or junior colleges
- August 1 for first-time applicants who plan to enroll in: 1) a business, trade, or technical school, 2) a hospital school of nursing, or 3) a two-year terminal (i.e., non-transferable two-year degree) program at a community, junior, or four-year college
|
Iraq and Afghanistan Service Grant (IASG)
|
| Description |
- A student who is not eligible for a Pell Grant but whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after September 11, 2001 may be eligible to receive the Iraq and Afghanistan Service Grant
- The student must be under 24 years of age OR enrolled in college at least part-time at the time of the parent's or guardian's death.
- Available for full and part-time students
- Repayment not required
|
| How to Apply |
- Complete general FAFSA requirements
- Federal government will supply the University with a data match
|
| Amount |
After March 1, 2013, equal to the maximum Pell grant (less 10%) for the current award year, adjusted for the student's enrollment status and cost of attendance.
|
| Deadline |
|
Federal Supplemental Educational Opportunity Grant (SEOG) - Undergraduate
|
|
Description
|
- Federal grant, based on need
- Available for full and part-time students
|
|
How to Apply
|
- Complete general requirements
|
|
Amount
|
- 2013-14: Maximum of $400 per term; $1,200 per year; award based on availability of funds
|
|
Deadline
|
- Meet priority processing deadline for the first trimester of enrollment of the award year
|
|
|
|
Description
|
- On-campus employment
- Must be enrolled at least half time
- Work with University faculty and staff
- Receive paycheck twice a month
|
|
How to Apply
|
- Complete general requirements; and submit FWS employment application to Human Resources
|
|
Amount
|
- $3,500 (estimated) per term
|
|
Deadline
|
- Preference to students who meet priority processing deadline
|
Schell Loan Program - Undergraduate
|
|
Description
|
- Registered at least half time
- Must have completed 30 hours at Franklin with a minimum 3.0 GPA
- U.S. citizen
- 25 years of age or younger
- Not receiving any grants/scholarships
- Must reside in Ohio, Kentucky or West Virginia
|
|
How to Apply
|
- Contact Financial Aid for an appointment
|
|
Amount
|
- Up to $200 per credit hour
|
|
Deadline
|
|
Federal Direct Subsidized Loan Program - Undergraduate
|
|
Description
|
- Federal loan, based on financial need
- Interest rate for loans first disbursed between:
- 7-1-12 and 6-30-13 is fixed at 3.4%; Origination fee of 1% on loans disbursed before 3.1.13 and 1.051% on loans disbursed on or after 3.1.13.
- 7-1-13 and 6-30-14 is fixed at 3.4%; Origination fee of 1.051%.
- Must be enrolled at least half-time
- Repayment begins when you graduate or cease to be enrolled at least half time for a period of at least six months
- 10-year repayment
- Interest is paid by federal government while in school and during deferment. Note: If loan is first disbursed between 7/1/12 and 7/1/14, you are responsible for paying interest that accrues during your grace period. The interest will be added to your principal balance.
-
New: As of 7/1/13, there will be a limit on the number of years a student can receive subsidized loan funds. The limit will only be enforced for new borrowers on or after 7/1/13. A student will only be able to receive up to 150% of subsidized loan funds for the published time of a program (ie, associate degree 3 years, bachelor degree 6 years). Once the student reaches the maximum number of years of receiving subsidized loan funds, the student may only borrow unsubsidized loans and interest will begin to accrue on the student's outstanding subsidized loan. FSA will track, calculate and inform students and institutions.
|
|
How to Apply
|
- Complete a Master Promissory Note
- Complete general FAFSA requirements
- Complete a Student Loan Entrance Interview (for first time borrowers at Franklin University)
|
|
Amount:
|
- Undergraduate:
- Freshman: $3,500
- Sophomore: $4,500
- Junior/Senior: $5,500
- Aggregate: $23,000
- Graduate:
- 2013-14 : $ 0 (unsubsidized loans only)
- Aggregate: $65,500
|
|
Deadline
|
- 2013-14: Processed in dated order through April 25, 2014
|
Federal Direct Unsubsidized Loan Program - Undergraduate/Graduate
|
|
Description
|
- Federal loan, not based on financial need
- Interest rate is for loans first disbursed between:
- 7-1-12 and 6-30-13 is fixed at 6.80%; Origination fee of 1% on loans disbursed before 3.1.13 and 1.051% on loans disbursed on or after 3.1.13.
- 7-1-13 and 6-30-14 is fixed at 6.80%; Origination fee of 1.051%.
- Must be enrolled at least half-time
- Repayment begins when you graduate or cease to be enrolled at least half time for a period of at least six months
- 10-year repayment
- Borrower is responsible for accrued interest while in school, during deferment, and grace period
|
|
How to Apply
|
- Same as Federal Direct Subsidized Stafford Loan
|
|
Amount:
|
- Undergraduate:
- Freshman: $9,500*
- Sophomore: $10,500*
- Junior/Senior: $12,500*
- Aggregate Undergraduate Total Sub and Unsubsidized: $57,500 (no more than $23,000 may be sub)
- Graduate:
- Total Sub: $8,500; (as of 7/1/12, only unsubsidized loans eligibility - Aggregate $20,500)
- Total Unsubsidized: $12,000
- Aggregate Annual: $20,500 (total of sub and/or unsub)
- Aggregate Total: $138,500*
* less Federal Stafford Subsidized eligibility
|
|
Deadline
|
- Same as Federal Direct Subsidized Loan Program
|
Federal Direct Parent Loan for Undergraduate Students (PLUS) - Dependent/Undergraduate
|
|
Description
|
- Federal Direct loan for parents of dependent students, not based on financial need
- Interest rate is fixed at 7.9%; Origination fee of 4% before 3.1.13 and 4.204% on or after 3.1.13.
- At least half-time enrollment required
- Repayment begins within 60 days after the final disbursement for the academic year; Repayment may be deferred if certain conditions are met
|
|
How to Apply
|
- Complete general requirements;
- Electronically via our Loan Process page.
|
|
Amount
|
- Cost of education, minus other financial aid
|
|
Deadline
|
- Same as Federal Direct Subsidized Loan Program
|
Federal Direct Graduate PLUS Loan - Graduate Students
|
|
Description
|
- Federal Direct loan for graduate students, not based on financial need
- Interest rate is fixed at 7.9%; Origination fee of 4% before 3.1.13 and 4.204% on or after 3.1.13.
- At least half-time enrollment required
- Must have applied for the annual loan maximum in unsubsidized loans before applying for GRAD PLUS loan
- Repayment begins within 60 days after the final disbursement for the academic year; Repayment may be deferred if certain conditions are met
|
|
How to Apply
|
|
|
Amount
|
- Cost of education, minus other financial aid
|
| Deadline |
- Same as Federal Direct Subsidized Loan Program
|
I Know I Can Grant
|
| Description |
- Complete and submit the 2013-14 FAFSA by March 15, 2013
- Current high school students must have a Grade Point Average (GPA) of 2.25 and current college students must have a GPA of 2.0
- Must be Pell eligible
- Students have 1 year from their high school graduation to apply for the grant
- Must be enrolled full-time for each term
|
| How to Apply |
|
| Amount |
|
|
Deadline
|
|
