State and Federal Financial Aid
All information is subject to changes in the federal/state regulations and York College policy.
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Pennsylvania Higher Education Assistance Agency (PHEAA)
Eligibility Requirements:
- Need-based.
- Must be Pennsylvania resident.
- Must be enrolled at least half-time.
Amount:
- $3,660 maximum annually.
Repayment:
- None.
Application Procedure:
- Pennsylvania residents should file Free Application for Federal Student Aid (FAFSA).
- Deadline: May 1.
Requirements for Maintaining Eligibility:
- Full-time students must successfully complete a minimum of 24 credits per academic year to receive grant for subsequent year.
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Other States
- Out-of-state residents can make application for state grant programs where money is permitted to be used at a Pennsylvania college or university
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Federal Direct Loan Program
Eligibility Requirements:
- Must be U.S. citizen or permanent resident.
- Must be enrolled at least half-time.
Amount:
- Freshman - $3,500 plus Additional $2,000 Unsubsidized Loan.
- Sophomore - $4,500 plus Additional $2,000 Unsubsidized Loan.
- Junior, Senior - $5,500 plus Additional $2,000 Unsubsidized Loan.
Repayment:
- First Payment due 6 months after no longer enrolled at least half-time at a fixed interest rate of 6.8%.
- Up to 10 years to repay.
Application Procedure:
- No specific deadline.
- Must complete Free Application for Federal Student Aid (FAFSA).
- Must complete MPN (Master Promissory Note). MPN can be completed online by clicking here.
- Must complete Entrance Counseling. Entrance Counseling may be completed online by clicking here.
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Federal Pell Grant Program
Eligibility Requirements:
- Need-based as determined by the federal government.
- Must be U.S. citizen or permanent resident.
- Cannot hold B.A. or B.S.
Amount:
- $5,550 maximum annually.
Repayment:
- None.
Application Procedure:
- Must complete Free Application for Federal Student Aid (FAFSA).
- Should apply as early as possible after January 1.
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Federal Supplemental Educational Opportunity Grant (FSEOG)
Eligibility Requirements:
- Need-based as determined by the College.
- Must be U.S. citizen or permanent resident.
- Cannot hold B.A. or B.S.
Amount:
- $4,000 maximum annually.
Repayment:
- None.
Application Procedure:
- Must complete Free Application for Federal Student Aid (FAFSA).
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Federal Work Study Program (FWSP)
Eligibility Requirements:
- Need-based.
- U.S. citizen or permanent resident.
Amount:
- $2,200 maximum annually.
Repayment:
- None.
- Award must be earned through campus employment.
Application Procedure:
- Must complete Free Application for Federal Student Aid (FAFSA).
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Federal Perkins Loan
Eligibility Requirements:
- Need-based as determined by the College.
- U.S. citizen or permanent resident.
Amount:
- $3,000 maximum annually.
Repayment:
- First payment due 6 months after graduation or withdrawal at 5% interest.
- Up to 10 years to repay.
Application Procedure:
- Must complete Free Application for Federal Student Aid (FAFSA).
Requirements for Maintaining Eligibility:
- Student must sign a promissory note for funds borrowed.
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Federal Parent Loan (PLUS)
Eligibility Requirements:
- Parent must be U.S. citizen or permanent resident.
- This is a parent's loan.
- Student must be enrolled at least half-time.
Amount:
- May borrow difference between cost and total of other financial aid awards.
Repayment:
- First payment begins 60 days after funds are disbursed.
- Up to 10 years to repay.
- Fixed interest rate of 7.9%.
Application Procedure:
- Federal Direct PLUS Loan applications can be made online at StudentLoans.gov
- No specific deadline.
Copyright 2011
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