Financial Aid Forms Verification Process Loans
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:
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.
In general, there are two types of students who qualify 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.
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 |
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| 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 ProgramsMust be a resident of Arizona Apply at www.azgrants.gov |
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| Arizona Leveraging Educational Assistance Partnership (AzLEAP) | |
| Amount: | Up to $2,500 |
| Eligibility: | Demonstration of exceptional need (FAFSA); Pell eligible |
| 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. |
Benedictine is completing the application process to participate in State aid programs
