Financial Aid |
|||
|
|
Scholar's DiscountThe Scholar's Discount is a 20% or 25% (for Seton Hill alumni) discount on tuition that can be applied for by completing the Scholar's Discount Application. Students enrolling in the Physician Assistant Program, the Orthodontics Program, the graduate certificate in Entrepreneurship, and the graduate certificate in Genocide and Holocaust Studies are not eligible for the Scholar's Discount. LoansEligibilityTo qualify for any federal assistance a student must be a U.S. citizen or hold an alien registration card, must have a high school diploma or its equivalent, and must complete a Free Application for Federal Student Aid (FAFSA), Master Promissory Note and Entrance Counseling Session at www.studentloans.gov. Federal Direct Unsubsidized LoanUnsubsidized loans may not exceed the annual loan limits of $20,500. This loan is not interest-free while the student is enrolled. However, students have the option to capitalize interest payments. Interest is 6.80%. Federal Direct Graduate PLUS LoanA federal loan specifically for graduate students who wish to borrow additional loan funds for educational purposes. The Graduate PLUS loan should be utilized after Stafford loan funds are exhausted. You may borrow up to the cost of your education less any other financial aid awarded. Credit guidelines apply and repayment generally begins 60 days after the last disbursement of the loan. Repayment can be spread over 10 years at a rate of 7.90%. In some cases repayment of this loan can be deferred. Applications can be submitted online at: www.studentloans.gov. Alternative LoansThis loan is for students to cover college expenses that are not covered by other financial aid resources. The Financial Aid Office strongly suggests exhausting other loan options before looking into Alternative Loans as they are not subject to federal Direct loan regulations. Interest rates, fees, and loan amounts are subject to your credit score and most students are required to have a cosigner to qualify. Once you have considered federal loan options, you can use the Pennsylvania Private Loan Marketplace to instantly and accurately compare rates and terms from multiple alternative loan lenders side-by-side. This will help you make an informed decision about the most appropriate loan for you. ELM SELECT option. If you are interested in pursuing another alternative loan option other than the Pennsylvania Private Loan Marketplace you may go to www.elmselect.com . This will give you a side-by-side comparison of general information of 6 more lenders. The information is not customized to each borrower but you will be able to gather general information such as their interest rate range. ScholarshipsROTC ScholarshipsROTC Scholarships are available for Seton Hill University students. These scholarships are granted by the United States Army on a competitive basis. Scholarships for full tuition and fees at Seton Hill, a book allowance, and a monthly stipend ($350 to $1600 per month) are provided. Two, three, and four year packages are available, as well as exceptional benefits for medical school. Students who are awarded these scholarships are obligated to attend training sessions and classes and perform military service after graduation. To learn more about this opportunity to receive funding while you are attending Seton Hill and to serve your country, you may contact Major Mike Zabrzeski at 724-938-1680 or armyrotc@cup.edu. Private ScholarshipsPrivate scholarships are another good way to help fund an education and can be obtained from many sources - FinAid can help you start your search. Payment PlanFor information on an interest-free monthly payment plan, please visit Student Accounts. |
||