Types of Personalized Learning Financial Aid
Explanation of aid types available to Personalized Learning students
Federal Pell Grant Accordion Closed
The Federal Pell Grant is available to eligible undergraduate students who have not earned a bachelor’s or professional degree. The amount of the Pell Grant can change yearly and is determined by Congress. Students cannot receive the Federal Pell Grant at more than one school at a time. Additionally, the amount of Federal Pell Grant funds that a student can receive over their lifetime is limited by federal law to the equivalent of six full years.
A student’s eligibility is based on the following:
o Expected Family Contribution (EFC)
o Financial Need
o Cost of Attendance
o Students status as a full-time, half-time or less than half-time status, and
o Students plans to attend either the full academic year or less
o Meeting Satisfactory Academic Progress (SAP)
Amount (dependent on student’s EFC)
o Aid year 2017-2018: $593 -$5,920
o Aid year 2018-2019: $650 – $6,095
University Grant Accordion Closed
The University Grant is available to eligible undergraduate students who have not earned a bachelor’s or professional degree. This grant funding is limited and is awarded based on financial need (as determined by the FAFSA), as well as credit completion. Personalized Learning students must be in their second subscription (or beyond) and must complete a minimum of 12 credits in each of their subscriptions to be considered for this award.
Federal Direct Subsidized Loans Accordion Closed
Federal Direct Subsidized Loans are available to undergraduate students who demonstrate financial need The U.S. Department of Education subsidizes or pays the interest on the loan while students are enrolled at least half-time.
For more information on Federal Direct Subsidized Loans, please click here.
Federal Direct Unsubsidized Loans Accordion Closed
Federal Direct Unsubsidized Loans are available to undergraduate and graduate students with no requirement to demonstrate financial need. Students are responsible for paying the interest on all disbursements of an Unsubsidized Loan. Students may choose not to pay the interest while enrolled at least half time, during grace periods, and/or during deferment or forbearance periods, but interest will accrue and will be capitalized.
For more information on Federal Direct Unsubsidized Loans, please click here.