Types of Financial Aid
Financial aid helps students and their families pay for college. This financial assistance may cover educational expenses such as tuition, fees, books and/or supplies. There are several types of financial aid, including grants, scholarships, work study opportunities, and loans.
Financial aid awards may include a combination of the various types of aid.
Federal Pell Grant Program
Federal funds available to undergraduate students enrolled in a program of study six months in length or longer. You must complete a FAFSA (Free Application for Federal Student Aid) to determine if you are eligible. FAFSA applications are available from the Financial Aid Office or online at www.fafsa.gov. Belmont College Code is 009941.
Federal Supplemental Education Opportunity Grant (FSEOG)
Allocation of funds is at Belmont College discretion, and awarding of funds is based on need and application date. Apply through the FAFSA. According to federal regulations, students must be Pell-eligible to receive FSEOG funds. You must apply early! Funds are limited!
Federal Work-Study Program
The Student Work Program provides jobs for students who have financial need and would like to earn money to help pay educational expenses. The wages received will be equal to the current Federal minimum wage. Students are eligible to apply for work-study if they are enrolled at least halftime (six credit hours). Students must first complete the FAFSA (Free Application for Federal Student Aid) by going to www.fafsa.gov. Belmont College code is 009941. Contact the Financial Aid Office if you are interested in the Student work program at 740.695.8510.
Federal Direct Subsidized Loan and Federal Direct Unsubsidized Loan
In an effort to reduce student borrowing and have more of our students graduate with zero loan debt we are going to require a Federal Direct Loan Request Form for all Federal Direct Loans. If you wish to apply for a Direct loan you will need to complete the FAFSA and the Federal Direct Loan Request Form.
Federal Direct Subsidized Loan
Students may apply for a student loan if they are enrolled or have been accepted for enrollment at least halftime (six credit hours). Students who qualify will have the interest on the loan paid by the Federal government while enrolled in school, and during the six-month grace period after their last date of enrollment or during an eligible deferment. Repayment begins six months after the student graduates, withdraws from college, or does not enroll at least half-time; students may be allowed up to ten years to repay. On-line Loan Entrance Counseling is required for all students applying for Direct Loans. Once online counseling is complete students may click the next step to complete the online MPN.
Federal Direct Unsubsidized Loan
Independent students who do not qualify for the maximum subsidized loan limits may borrow the difference, plus an additional amount of up to $4,000 under this program. Students are responsible for the interest while enrolled in school, during the six-month grace period after their last date of enrollment, or during an eligible deferment. Repayment begins six months after the student graduates, withdraws from college, or does not enroll at least half-time; students may be allowed up to ten years to repay. On-line Loan Entrance Counseling is required for all students applying for Direct Loans. Once online counseling is complete students may click the next step to complete the online MPN.
For more information please visit these Federal Student Aid links:
Ohio War Orphans Scholarship
This scholarship is available to children of disabled or deceased war veterans, and to children of persons declared to be prisoners of war (POW) or missing in action (MIA) in Southeast Asia. Applicants must be between the ages of 16 and 21, attending an Ohio public-assisted institution or eligible non-profit institution, and a resident of the state of Ohio for 12 consecutive months prior to application. (If a parent does not meet the residence requirement, applicants must be an Ohio resident for 5 years prior to application.) More information is available on the Ohio Board of Regents website, or by contacting the Ohio Board of Regents, State Grants and Scholarships Department, P.O. Box 182452, Columbus, Ohio 43218-2452.
Ohio Nurse Education Assistance Loan Program (NEALP)
Provides financial assistance to students enrolled in approved nurse education programs. The program also encourages these students to remain in Ohio as they enter the nursing profession. Application deadline is June 1 of each year.
Ohio National Guard
The Ohio National Guard will pay in-state institutional and general fees of its members who are enrolled at Ohio public institutions as full-time undergraduates. Further information may be obtained by contacting the local Ohio National Guard Armory. For more information visit the National Guard online.
Pennsylvania Higher Education Assistance Association (PHEAA)
This program is operated by the Pennsylvania Higher Education Assistance Agency. Funds may be used to pay instructional fees only for Pennsylvania residents. Student must be enrolled full time as an undergraduate and making appropriate progress toward an associate degree.
Other Sources of Financial Assistance
Bureau of Vocational Rehabilitation
Bureau of Vocational Rehabilitation (BVR) is a program that provides individuals with disabilities the services and support necessary to help them attain and maintain employment. Disabilities may include either physical, intellectual, mental health, or sensory disabilities. Vocational Rehabilitation (VR) services are customized for each individual through assessments and one-on-one meetings with professional VR counselors.
Veterans of the U.S. Armed Services, Reservists, or National Guard members may be eligible to receive educational benefits through the U.S. Department of Veterans Affairs (VA). Children and spouses of deceased or totally and permanently disabled veterans may receive educational assistance. All applicable guidelines will apply.
Vocational Rehabilitation Program
Each state maintains a Vocational Rehabilitation agency to assist clients in training or retraining to overcome various disabilities. It may be possible to have all or part of educational expenses covered under such programs. Contact the Vocational Rehabilitation office serving the county of residence.
Outside Scholarship Resources
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