Office of Financial Aid

Mesa Campus Undergraduate Aid

FAFSA_logo Financial Aid Forms Verification Process Loans

What are the sources of financial aid?

The first responsibility for paying for your education rests with you and your family. If your resources are not sufficient to meet all the expenses of the school of your choice, then you should qualify for financial aid from one or more sources. There are four major sources of educational funds:

  • Student and family
  • Federal and state government
  • The University
  • Private sources

What is financial aid?

Financial aid is monetary assistance that helps make higher education affordable to students from a wide variety of backgrounds. When a family’s resources are insufficient to cover all expenses, financial aid programs are available to provide additional assistance.

  • Grants and scholarships are forms of gift aid and are not repaid.
  • Student loans offer funds that are repaid, typically at low interest rates.
  • Part-time employment opportunities, both on and off campus, provide another means of earning money for educational expenses.

Who qualifies for financial aid?

In general, there are two types of students who qualify for financial aid:

  • Those who need it – when an analysis of financial need has determined that you and your family will not be able to afford all the expenses.
  • Those who merit it – for students who demonstrate academic achievement, regardless of their financial resources.

How do I apply for financial aid?

All students applying for need-based financial aid are asked to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.gov.

  • Obtain a PIN to electronically access and sign (student and parent) the FAFSA online at www.pin.ed.gov.
  • Include school code 001767 to release the results of your FAFSA to Benedictine’s Office of Financial Aid.
  • Apply as soon as possible after January, 1 2013 to be considered for limited state and federal funds.

If you are a resident of Arizona and wish to be considered for state grant funds to www.azgrants.gov and click on the How to Apply tab at the top.

 

Federal Aid Programs

Federal Pell Grant
Amount: Up to $5,550
Eligibility: Demonstration of exceptional need (FAFSA)
 
Federal Supplemental Education Opportunity Grant
Amount: Varies, based on need
Eligibility: Demonstration of exceptional need (FAFSA)
 
Federal Work Study
Amount: Hourly wages up to 20 hours per week
Eligibility: Demonstration of need (FAFSA)
 
Federal Direct Subsidized Stafford Loan
Amount: Limit of $23,000 for all four years of undergraduate work
Eligibility: Demonstration of need (FAFSA); enrolled for at least six semester.
Repayment: Begins six months after student ceases to be enrolled for at least six semester hours.
 
Federal Direct Unsubsidized Stafford Loan
Amount: Limit of $31,000, less amounts borrowed under subsidized Stafford Loan program.
Eligibility: Enrolled for at least six semester hours
Repayment: Begins six months after student ceases to be enrolled for at least six semester hours.
 
Federal Direct PLUS Loan Program (Parent Loan)
Amount: Cost of education minus other financial aid
Eligibility: Enrolled for at least six semester hours
Repayment: Varies
 

Information on federal and state programs may be subject to change at any time due to changes in legislation

State Aid Programs

Must be a resident of Arizona

Apply at www.azgrants.gov

Special Postsecondary Education Grant
Amount: Up to $2,000
Eligibility: Submit the FAFSA; must have completed 60 college credits at the time of application.  In the upper 50% of your high school class or have a GPA of 2.5 (or equivalent) or if 22 years of age or older can meet your colleges readiness requirements.
 
College Access Challenge Last Stretch Scholarship
Amount: Up to $2,000
Eligibility: Demonstration of exceptional need (FAFSA); Pell eligible; must have completed 60 college credits at the time of application.
 
Math, Science, Special Education Teacher Forgiveness Loan Program (MSSE)
Amount: Up to $7,000
Eligibility: Demonstration of exceptional need (FAFSA); must have completed 60 college credits at the time of application. Loan is forgivable upon agreement to teach in an Arizona public school.
 
Office of Financial Aid
BENEDICTINE UNIVERSITY
Lownik Hall - Main Floor
Monday - Friday
8:30 a.m. - 5:00 p.m.
Email: financialaid@ben.edu
Phone: (630) 829-6100
Fax: (630) 829-6101