Do I Qualify for Financial Aid from the Government?
The majority of Bryant & Stratton College students receive some form of financial assistance through grants, scholarships and loans. To find out if you qualify for financial assistance, ask to speak with one of our financial aid advisors. Below is a list of financial aid options offered by the federal government to college students who have completed a Federal Application for Federal Student Aid (FAFSA) form. These forms are available online and in any of our Bryant & Stratton College campuses.
Pell Grants
The Pell Grant program provides grants of up to $5,550 per year to undergraduate students. Eligibility is based on the information contained in the FAFSA form and determined by the federal government. You should receive a Student Aid Report (SAR), via email from the federal government within 3-5 days of submitting your application if you provide an email address when you apply. If you do not provide an email address, a paper copy will be mailed to you with in 7-10 day of completing your FAFSA. If you list Bryant & Stratton College on your FAFSA, a copy will automatically be sent to the College. To determine the amount of your grant award, bring your Report to the Bryant & Stratton College financial advisor nearest you.
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FSEOG Program
The FSEOG program provides supplemental financial assistance to students who demonstrate financial need. Grants range from $100 to $4,000 per academic year. Eligibility for these grants is determined by the Financial Services Office of Bryant & Stratton College.
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Federal Work-Study Program
This is a federal program for students who demonstrate financial need, and enables students to work part-time at Bryant & Stratton College. On-campus jobs may include work in our offices, library, computer labs, etc.; off-campus employment with qualifying agencies may also be available.
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Federal PLUS Program
The Federal PLUS (Parent Loan for Undergraduate Students) Program enables parents to borrow low interest loans directly from the U.S. Department of Education in order to pay for a dependent child’s cost of education. Repayment begins within 60 days of the date the loan is disbursed and continues over a 10-year period. (Payment deferments are available upon request.) The loan has a variable interest rate that is determined annually by the federal government.
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William D. Ford Federal Direct Loan (Direct Loan) Program
Federal Direct Loans enable you to borrow money directly from the U.S Department of Education for the purpose of paying for your education. Unlike grants and work-study, loans must be repaid with interest once you leave school. You must be enrolled at least half-time to be eligible for a Direct Student Loan. The loans may be “subsidized” or “unsubsidized,” depending on a student’s financial need. Nearly all students who meet the general eligibility requirements for federal financial aid are eligible for a student loan. Note the eligibility for unsubsidized loans is larger for students living independently, because they do not qualify for the Federal PLUS Program.
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Additional Government Programs
Various government agencies also administer unique programs to help with the cost of higher education, including the Department of Veterans Affairs, Bureau of Indian Affairs, New York Vocational Educational Services for Individuals with Disabilities (VESID), Trade Readjustment Act (TRA), Workforce Investment Act (WIA) and others. To find out if you may be eligible for these, speak with your guidance counselor, a social service agency or a Bryant & Stratton College financial aid advisor.
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Useful Federal Websites:
www.fafsa.ed.gov
www.FederalStudentAid.ed.gov
www.Studentloans.gov
www.Fafsa4caster.ed.gov
www.NSLD.ed.gov
State Scholarships, Grants and Tuition Assistance
Benefits vary by state. Please speak with a Bryant & Stratton College representative to identify which benefits are available in your state.