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Financial Aid for Adult Students
This web site was designed to assist adult students in Pennsylvania
to find sources of student aid to attend the colleges and universities
of their choice. The first step is to fill out the FAFSA (Free
Application for Federal Student Aid) form. It is best to do this
online at www.fafsa.ed.gov
A hard copy can be obtained by calling 1-800-433-3243.
The next step is to make an appointment with Financial Aid Office
at the institution of your choice. You will also want to check
out their Financial Aid Web Site. If you are employed, check to
see if your company has a tuition assistance program. Some companies
advertise their programs well. Others do not.
Federal Aid
www.studentaid.ed.gov
Pell Grant: does not have to be repaid; primarily for undergraduate
students. The amount you will receive will depend on enrollment
status, costs of the institution you plan to attend and Expected
Family Contribution (EFC).
Federal Supplemental Education Opportunity Grant (FSEOG): does
not have to be repaid; for undergraduate with exceptional need;
priority given to Pell Grant recipients.
Academic Competitiveness Grant: does not have to be repaid; for
undergraduate students who are enrolled in their first or second
academic year in an eligible program in any field, who have completed
a rigorous secondary school program of study, and who also have
at least a 3.0 cumulative GPA for the first academic year.
National SMART Grant: does not have to be repaid; stands for
“National Science and Mathematics Access to Retain Talent”;
for undergraduate students who are enrolled in the third or fourth
academic year of an eligible program and pursuing and eligible
major with at least a 3.0 GPA.
Federal Work Study Program: is a need-based program that allows
undergraduate and graduate students to work-part time while enrolled
in school either on-campus or off-campus to earn funds to help
pay pay for educational expenses.
Perkins Loan: borrowed money that must be repaid, interest rate
is 5%, eligibility is based on financial need and availability
of funds at the school.
Stafford Loan: borrowed money that must be repaid; for undergraduate
and graduate students who are enrolled at least half-time; loan
amounts are based on grade level. There are two types of Stafford
loans: subsidized and unsubsidized. You must have financial need
to receive a subsidized loan. Financial need is not a requirement
to obtain an unsubsidized Stafford Loan. The U.S. Department of
Education will pay the interest that accrues on subsidized Stafford
Loans during certain periods. Federal Government sets the fixed
interest rate for the Stafford loan each July 1st.
State Aid
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