Financial Aid

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.

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, 2020 – July 1, 2021, is 2.75%. Origination Fees:

The origination fee for loans disbursed between Oct. 1, 2020 – Oct. 1, 2021, is 1.057%. 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 2020-21 processed in dated order through May 8, 2021.

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, 2020 – July 1, 2021 is 2.75%. How to Apply: File a Free Application for Federal Student Aid (FAFSA) and meet general FAFSA requirements. Complete a Master Promissory Note.

Login at studentaid.gov to complete the Entrance Counseling. Deadline: For 2019-20 processed in dated order through May 8, 2021 *Less Federal Subsidized eligibility

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, 2020 – July 1, 2021, is 5.30%. Origination Fees: The origination fee for loans disbursed between Oct. 1, 2020 – Oct. 1, 2021, is 4.228%. How to Apply: Go to Studentaid.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 2020-21 processed in dated order through May 8, 2021

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 Felbry College 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.

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/

• 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.

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/