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FINANCIAL AID
Just like on-campus programs, most online students receive some form of financial aid. University of Saint Mary enrollment advisors can help point you in the right direction to find the financial resources you need to pursue your degree. If you are serious about following your dream to earn your RN-BSN, we will help find a way to make that dream a reality.
As an online student at University of Saint Mary you are still eligible for federal student aid in the form of grants, scholarships, and educational loans. Applying for financial aid is free, and you may be able to qualify for a loan regardless of your income. Full-time (12 credit hours) students are eligible for full tuition, textbooks, and fees with financial aid coverage.
Financial aid programs available to graduate and undergraduate students include the Federal Stafford Loan and the Federal Supplemental Loan for Students (SLS). To apply for a Stafford Loan, you must fill out a Free Application for Federal Student Aid (FAFSA) form at www.fafsa.ed.gov.
Financial aid information should be requested directly from University of Saint Mary Financial Aid Office, 4100 South 4th Street, Leavenworth, KS 66048-5082 or by calling 1-800-752-7043. Please indicate that you are a distance education student. If you are interested in applying for financial aid, start the application process early as approval does take time. University of Saint Mary's federal school code is 001943.
A payment plan allows you to break your tuition into four payments during the 15 week term. Please contact the business office at 1-800-752-7043 for details to apply.
To qualify for federal financial aid, you must meet the following general criteria:
- Be accepted as a degree-seeking student or making satisfactory academic progress.
- Be a United States citizen, national, or permanent resident alien.
- Be enrolled at least half time (6 credits).
- Not be in default on prior student loans.
- Not owe a payment or overpayment of a federal grant.
USEFUL WEBSITES
- FAFSA (Free Application for Federal Student Aid) – www.fafsa.ed.gov
- Help in completing the FAFSA (Free Application for Federal Student Aid) – www.studentaid.ed.gov/students/publications/completing_fafsa/index.html
- The Student Guide from the U.S. Department of Education – www.studentaid.ed.gov/students/publications/student_guide/index.html
- The Smart Student Guide to Financial Aid – www.fafsa.org
LOANS
There are many ways to get funding for your education; one of the most widely used resources is a federal or private loan.
Federal Stafford
The Federal Stafford Loan is the most common type of federal student financial aid loan, and it requires the completion of the Free Application for Federal Student Aid (FAFSA). There are two types of Federal Stafford Loans:
- Subsidized
A subsidized Stafford Loan is awarded on the basis of need and the federal government pays interest on the loan while you are enrolled at least half-time (6 credits) and for one 6-month grace period after you graduate or fall below half-time enrollment. - Unsubsidized
An unsubsidized Stafford Loan is not based on need and allows some students to borrow additional money. Students are responsible for the interest on an unsubsidized loan. No payments are required on any Stafford Loan until 6 months after you leave school or fall below 6 credits. If possible, you may want to pay accrued interest on an unsubsidized loan while you are enrolled.
For more information on Federal Stafford Loans, click here.
http://studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp
Federal PLUS Loan
Parents and stepparents of dependent undergraduate students attending school at least half-time may take out a Parent Loan for Undergraduate Students (PLUS). This is an unsubsidized loan that is often lower in cost than a private loan because the federal government guarantees it. Loan approval is subject to credit criteria established by the U.S. Department of Education and your lender. A PLUS loan must be repaid. It is the responsibility of parents to make these payments.
For more information on Federal Plus Loans, click here.
http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp
Alternative Student Loans
Some students may need additional loan funds after maximizing their federal loan options or may not be eligible for federal loans and still need to borrow towards their education. Many lenders offer private alternative loans to help students meet the gap between financial aid and college costs.
Students must either meet the credit criteria of the loan for which they are applying or have a credit-eligible co-borrower. Many of these loans also require enrollment in six or more degree credits per semester, but there are options for students studying in non-degree classes or enrolled in less than half-time status.
For more information on Alternative Student Loans, click here.
http://elmselect.com/oll/SchoolLenderList/?schoolld=8060#1720
