Federal Pell Grant - Undergraduate
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Description
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- 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
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How to Apply
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- Complete general requirements
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Amount
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- 2011-12: $555 - $5,550 per year - funding levels are subject to change
- 2012-13: $569 - $5,550 per year - funding levels are subject to change
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Deadline
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Ohio College Opportunity Grant (OCOG) - Undergraduate
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Description
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- 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
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| How to Apply |
- Complete general requirements
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| Amount |
- Amount for 11-12: $234 - $936 per term with a Maximum of $2,808 per year
- Amount for 12-13: not yet available
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| Deadline |
- 2011-12: October 1, 2011
- 2012-13: October 1, 2012
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Pennsylvania Higher Education Assistance Agency (PHEAA) - Undergraduate
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Description
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- 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
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| How to Apply |
- Apply at www.pheaa.org
- For more information, call toll-free: 1.800.692.7392
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| 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
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Iraq and Afghanistan Service Grant (IASG)
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| 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
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| How to Apply |
- Complete general FAFSA requirements
- Federal government will supply the University with a data match
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| Amount |
Equal to the maximum Pell grant for the current award year, adjusted for the student's enrollment status and cost of attendance.
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| Deadline |
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Federal Supplemental Educational Opportunity Grant (SEOG) - Undergraduate
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Description
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- Federal grant, based on need
- Available for full and part-time students
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How to Apply
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- Complete general requirements
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Amount
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- 2011-12: Maximum of $400 per term; $800 per year; award based on availability of funds
- 2012-13: Not yet determined
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Deadline
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- Meet priority deadline for the first trimester of enrollment of the award year
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Description
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- On-campus employment
- Must be enrolled at least half time
- Work with University faculty and staff
- Receive paycheck twice a month
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How to Apply
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- Complete general requirements; and submit FWS employment application to Human Resources
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Amount
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- $3,500 (estimated) per term
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Deadline
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- Preference to students who meet priority deadline
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Schell Loan Program - Undergraduate
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Description
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- 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
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How to Apply
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- Contact Financial Aid for an appointment
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Amount
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- Up to $200 per credit hour
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Deadline
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Federal Direct Subsidized Loan Program - Undergraduate/Graduate
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Description
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- Federal loan, based on financial need
- Interest rate for loans first disbursed between:
- 7-1-11 and 6-30-12 is fixed at 3.4% for undergraduate and 6.80% for graduate loans; Origination fee of 1%.
- 7-1-12 and 6-30-13 is fixed at 6.8% for undergraduate and 6.8% for graduate loans; Origination fee of 1%.
- 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
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How to Apply
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- Complete a Master Promissory Note
- Complete general requirements
- Complete a Student Loan Entrance Interview (for first time borrowers at Franklin University)
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Amount:
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- Undergraduate:
- Freshman: $3,500
- Sophomore: $4,500
- Junior/Senior: $5,500
- Aggregate: $23,000
- Graduate:
- Yearly: $8,500 (after July 1, 2012, only unsubsidized eligibility)
- Aggregate: $65,500
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Deadline
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- 2011-12 - Processed in dated order through April 24, 2012
- 2012-13 - Processed in dated order through April 27, 2013
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Federal Direct Unsubsidized Loan Program - Undergraduate/Graduate
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Description
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- Federal loan, not based on financial need
- Interest rate is for loans first disbursed between:
- 7-1-11 and 6-30-12 is fixed at 6.80%; Origination fee of 1%.
- 7-1-12 and 6-30-13 is fixed at 6.80%; Origination fee of 1%.
- 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
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How to Apply
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- Same as Federal Direct Subsidized Stafford Loan
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Amount:
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- Undergraduate:
- Freshman: $9,500*
- Sophomore: $10,500*
- Junior/Senior: $12,500*
- Aggregate Undergraduate Total Sub and Unsubsidized: $57,500
- 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
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Deadline
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- Same as Federal Direct Subsidized Loan Program
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Federal Direct Parent Loan for Undergraduate Students (PLUS) - Dependent/Undergraduate
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Description
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- Federal Direct loan for parents of dependent students, not based on financial need
- Interest rate is fixed at 7.9%; Origination fee of 4%.
- 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
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How to Apply
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- Complete general requirements;
- Electronically via our Loan Process page.
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Amount
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- Cost of education, minus other financial aid
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Deadline
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- Same as Federal Direct Subsidized Loan Program
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Federal Direct Graduate PLUS Loan - Graduate Students
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Description
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- Federal Direct loan for graduate students, not based on financial need
- Interest rate is fixed at 7.9%; Origination fee of 4%
- At least half-time enrollment required
- Must have applied for the annual loan maximum in subsidized and 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
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How to Apply
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Amount
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- Cost of education, minus other financial aid
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| Deadline |
- Same as Federal Direct Subsidized Loan Program
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I Know I Can Grant
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| Description |
- Complete and submit the FAFSA by March 15, 2012
- 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
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Deadline
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