The main criteria for receiving grants are substantial financial need. Typically grants do not have to be repaid unless a student becomes ineligible.
FEDERAL PELL GRANTS
This grant program is designed to assist undergraduate students who want to continue their education beyond high school and can demonstrate need. Every student is entitled to apply for a Federal Pell Grant. Eligibility is determined by a standard U.S. Department of Education formula, which uses family size, income, and resources to determine need. The actual amount of the award is based upon the cost of attendance, enrollment status, and the amount of money appropriated by Congress to fund the program. The Federal Pell Grant makes it possible to provide a foundation of financial aid to help defray the costs of a post-secondary education. Unlike loans, the Federal Pell Grant does not usually have to be paid back.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS
The Federal Supplemental Educational Opportunity Grant (FSEOG) is available to undergraduate students who have not earned a bachelor or professional degree. Unlike a loan, the FSEOG does not have to be repaid. When determining the priority-based order in which students will be awarded FSEOG funds, Fremont College considers those students with exceptional financial need who will also be receiving Federal Pell Grant funds.
FEDERAL WORK STUDY PROGRAM
FWS aid allows students to work part-time and receive need-based aid to finance the cost of their education. Fremont College provides work-study job opportunities to students who qualify.
Below is a list of low-interest loans that enable students to meet their educational costs. Unlike grants, educational loans must be paid back. Interest charges vary with the type of loan, and a minimum monthly payment may be required.
FEDERAL DIRECT SUBSIDIZED AND UNSUBSIDIZED STAFFORD LOANS
Federal Stafford loans, available through the William D. Ford Federal Direct Loan Program, are low-interest loans made to the student by the U.S. Department of Education. The loan must be used to pay for direct and/or indirect educational expenses. Subsidized loans are need-based, while unsubsidized loans are not. Repayment begins six months after the student graduates, withdraws from school, or falls below half-time enrollment status.
FEDERAL PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS)
The Federal Direct PLUS Loan is available to parents of dependent undergraduate students. These loans are not based on need; however, when combined with other resources, the loan value cannot exceed the student’s cost of attendance. A credit check is required, and either or both parents may borrow through this program. Repayment begins within 60 days of final disbursement of the loan within a loan period.
STUDENT PAYMENT PLANS
Payment plans offer alternative financing options to cover tuition and fees. A Financial Aid staff member can help guide you through the available options.
Benefits for Veterans
Fremont College is approved by the California State Approving Agency to enroll veterans and other eligible persons. We have been designated a 2017 Military Friendly® School and are committed to providing a high quality education to our veteran heroes. Available programs include:
• Montgomery GI Bill® – Chapter 30
• Vocational Rehabilitation – Chapter 31
• Post-9/11 GI Bill® – Chapter 33
• Dependents Educational Assistance – Chapter 35
• Reserve GI Bill® – Chapter 1606
• Yellow Ribbon Program
• Tuition Assistance benefits from the U.S. Department of Defense (DoD).
If you’re a veteran, you may qualify for VA educational benefits. Eligible military personnel should contact the Financial Aid Department for further assistance.