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Financial Aid

FEDERAL/STATE FINANCIAL AID INFORMATION

The first step in applying for financial aid is completing the Free Application for Federal Aid (FAFSA). This form must be completed every year. A completed FAFSA is required to apply for Pell Grants, Stafford Loans, work-study, and all state Grants or Loans, and other schools, student assistance programs. Your FAFSA must be filed after January 1st and before each deadline. To view the deadline for each state, click here.

Felbry College offers flexible, interest-free payment plans and financial options to accommodate the needs of our students. Our representatives work directly with you to identify your specific financial needs. Whether you require an affordable payment plan or a referral to an organization with educational grants, we’re here to help. Please note that Financial aid awards are based upon the information you provide on the Free Application for Federal Student Aid (FAFSA). Feel free to contact our financial aid department for more information or for further assistance. To read more about types of financial aid click here.

Felbry College’s School Code – 042350.

Scholarship & Grant Information

SCHOLARSHIP AWARDS AND GRANTS

Scholarships are gifts. They don’t need to be repaid. There are thousands of them, offered by schools, employers, individuals, private companies, nonprofits, communities, religious groups, and professional and social organizations.

Felbry offers scholarships and grants based on academic achievement and financial need. All grants and scholarships require full time enrollment, unless otherwise noted. Scholarship amounts are divided evenly between the semesters. Some scholarships require a minimum GPA to be maintained. Felbry scholarships and grants are available only to U.S citizens and permanent residents. To learn more about Felbry’s scholarships and grants click here.

Federal Financial Assistance

Federal Pell Grant
Eligibility Requirement: For undergraduate students Grant is need-based Repayment not required Available for full and part-time students Limited to 12 full-time equivalent semesters Must be meeting Satisfactory Academic Progress (SAP) For more information, visit Federal Student Aid.

How To Apply: Submit a Free Application for Federal Student Aid (FAFSA) and meet general FAFSA requirements.

Amount: The eligible amount varies based on Expected Family Contribution (EFC) and enrollment status. 2019-20: Not to exceed a maximum of $6,195 per year Deadline: Processed in date-received order

Federal Direct Subsidized Loan

Eligibility Requirement: Available for undergraduate students enrolled at least half-time, this program:

Must be enrolled at least half-time Must be meeting Satisfactory Academic Progress (SAP) Repayment begins when you graduate or cease to be enrolled at least half-time for a period of at least six months’ 10-year repayment Interest is paid by the federal government while in school and during deferment. There is an Eligibility Period which will limit the number of years a student can receive subsidized loan funds. The limit will only be enforced for NEW borrowers on or after 7/1/13. A student will only be able to receive up to 150% of subsidized loan funds for the published time of a program (ie, associate degree 3 years, bachelor’s degree 6 years). Once the student reaches the maximum number of years of receiving subsidized loan funds, the student may only borrow unsubsidized loans and interest will begin to accrue on the student’s outstanding subsidized loan. FSA will track, calculate and inform students and institutions

Interest Rates: The interest rate for loans disbursed July 1, 2019 – June 30, 2020, is 4.53%. Origination Fees:

The origination fee for loans disbursed between Oct. 1, 2019 – Sept. 30, 2020, is 1.059%. How to Apply: File a Free Application for Federal Student Aid (FAFSA) and meet general FAFSA requirements. Complete a Master Promissory Note. Login at studentloans.gov to complete the Entrance Counseling. Deadline: For 2019-20 processed in dated order through May 8, 2020

Federal Direct Unsubsidized Loan

Eligibility Requirement: Must be enrolled at least half-time Must be meeting Satisfactory Academic Progress (SAP) Repayment begins when you graduate or cease to be enrolled at least half time for a period of at least six months 10-year repayment Borrower is responsible for accrued interest while in school, during deferment, and grace period Federal loan, not based on financial need

Undergraduate Interest Rates: The interest rate for loans disbursed between July 1, 2019 – June 30, 2020 is 4.53%. How to Apply: File a Free Application for Federal Student Aid (FAFSA) and meet general FAFSA requirements. Complete a Master Promissory Note.

Login at studentloans.gov to complete the Entrance Counseling. Deadline: For 2019-20 processed in dated order through May 8, 2020 *Less Federal Subsidized eligibility

Federal Direct Parent Loan

Eligibility Requirement: Federal Direct loan for parents of dependent students, not based on financial need At least half-time enrollment required Must be meeting Satisfactory Academic Progress (SAP) Repayment begins within 60 days after the final disbursement for the academic year; Repayment may be deferred if certain conditions are met

Interest Rates: The interest rate for loans disbursed between July 1, 2019 – June 30, 2020, is 7.08%. Origination Fees: The origination fee for loans disbursed between Oct. 1, 2019 – Sept. 30, 2020, is 4.236%. How to Apply: Go to Studentloans.gov and log in with your FSA ID and information (not student FSA ID information) to apply for the Federal Direct Parent PLUS Loan. Select ‘Apply for a Direct PLUS Loan’, and click on the ‘Start’ button for the Parent loan, and follow through to completion. Any additional requirements needed for your loan will show to you after the submission of the application. For more information about the Direct Parent PLUS loan, go here: https://studentaid.ed.gov/sa/types/loans/plus/parent#eligibility

Amount: Cost of tuition minus financial aid.

Deadline: For 2019-20 processed in dated order through May 8, 2020

Federal Work Study Program

Eligibility Requirement: On-campus employment while you are in school Must be enrolled at least half-time Must be meeting Satisfactory Academic Progress (SAP) Work with University faculty and staff Receive paycheck twice a month

How to Apply: File a Free Application for Federal Student Aid (FAFSA) and meet general FAFSA requirements. You also must submit an FWS Employment Application to Franklin University’s Human Resources Office.

Amount: Individual amounts may vary, but up to $5,000 per term Deadline: Preference is given to students who meet the priority processing deadline.

U.S. Department of Veterans Affairs

Approved by the State Approving Agency of Ohio for eligible veterans to use GI Bill benefits ® for GI bill is trademarked. For more information, please visit the following website listed below:

U.S. Department of Veterans Affairs Students who are veterans with VA benefits for education http://benefits.va.gov/benefits/

State Financial Assistance

Nurse Education Assistance Loan Program (NEALP)
The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990. The purpose of NEALP is to assist the state in meeting nursing shortages by providing financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in approved Ohio pre-licensure nurse education programs who intend to serve as nurses after graduation. The annual award for the most recent academic year was $1,620/year. In exchange, to qualify for loan cancellation, recipients must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five years after graduation.
Note: Due to limited funding available and the continued abundance of practicing LPNs, NEALP will once again make awards for the 2019-2020 academic year only to RN and nurse instructor candidates.
Eligibility Requirements
An applicant must:
  • Be an Ohio resident.
  • Be a U.S. citizen or a permanent resident.
  • Be enrolled in or be accepted for enrollment approved nurse education programs in Ohio colleges, universities, hospitals, or vocational schools.
  • Not be in default or owe a refund to any Federal Financial Aid program.
  • Maintain an academic record that places the student in good academic standings within the institution.
Steps to Apply:
Go here to complete the Free Application for Federal Student Aid. Go here and follow the instructions to complete the NEALP application process. (Please Note: NEALP does not automatically renew; students need to reapply annually) Feel free to call 614-466-3561 with any questions.
NEALP Awarding:
Applicants will be awarded NEALP funding based on information received from the applicant’s institution, FAFSA data, and information from the NEALP application. Applicants are ranked based on FAFSA data, those that demonstrate the highest level of need are awarded first. Awarding continues from the next neediest student until funds are depleted for the year. If sufficient funds are available, as determined by the Ohio Department of Higher Education, loan assistance will be awarded to all eligible applicants. Loans may be awarded for a maximum of twelve quarters or eight semesters or the equivalent. The total aggregate loan amount shall not exceed twelve thousand dollars.
Is There a Deadline?
Students may apply after January 1 and before July 15th of each year. Notification of acceptance or denial for NEALP funding will be sent in the first week of September.
EXTERNAL TUITION ASSISTANCE

OhioMeansJobs is the place to plan your future and develop your career goals and is based on need and referral. For more information, please visit the website listed below.

OhioMeansJobs Columbus-Franklin County (OMJ- CFC)
1111 East Broad Street
Columbus, OH   43205
(614) 559-5052
www.omjcfc.org

U.S. Department of Veterans Affairs
Students who are veterans with VA benefits for education
http://benefits.va.gov/benefits/

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