Types of Aid
Types of Aid
Financial assistance is available in many forms, and most students are eligible for one or more of the following types of assistance.
For an estimate of your financial aid, use our Financial Aid Calculator.
All students who are U.S. citizens or permanent residents and who wish to be considered for financial aid should file the Free Application for Federal Student Aid (FAFSA). The information provided in the application is used to calculate the applicant's Expected Family Contribution (EFC), and accordingly, the student's financial need. The student's FAFSA information is used to determine eligibility for both government financial aid and institutional aid.
Aids and Programs
Bryn Athyn College participates in Title IV federal financial aid programs. Federal financial aid is not available to students who are not U.S. citizens or permanent residents.
- Federal Pell Grants
The Federal Pell Grant is a federally funded, need-based grant awarded by the US Department of Education. This grant is awarded to those with an expected family contribution of less than 5,711 for the 2020-2021 academic year with award amounts between $639 and $6,345.
- Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG is a federal grant awarded to undergraduate students based on an annual funds’ availability basis. Priority is granted to Pell grant recipients who have the highest financial need. Amount of award varies and is dependent upon allocation of funds from federal government.
- Federal Education Assistance for College and Higher Education (TEACH) Grant
The TEACH Grant Program provides grants of up to $4,000 a year to currently enrolled Seniors who are completing course work needed to begin a career in teaching. As a condition for receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach in a high-need field, at an elementary school, secondary school, or educational service agency that serves students from low-income families; and teach for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant. For more information, please visit https://studentaid.ed.gov/sa/types/grants-scholarships/teach or contact the financial aid office.
- Federal Work Study (FWS)
Federal Work Study is awarded to students who have demonstrated financial need. Amount of award varies and is dependent upon allocation of funds from federal government. Students may obtain a position on campus and work up to a maximum of 20 hours per week during an academic term. They will be paid for wages earned and may opt to have all or a portion of their pay applied directly to their student billing account to be applied towards their charges.
- Federal Direct Student Loan Program
The US Department of Education offers both the subsidized and unsubsidized student loans through the William D. Ford Federal Direct Loan Program.
- Subsidized Loan: Students must demonstrate financial need and be enrolled at least half time (minimum 6 crs) per term. An origination fee will be deducted from the loan proceeds prior to disbursement of funds. The origination fee for loans disbursed between October 1, 2020 and September 30, 2021 is 1.057%. No interest will accrue while a student is enrolled at least half time, during grace period, and during any deferment periods.
- Unsubsidized Loan: Eligibility is not based on financial need; interest will accrue during all periods; during enrollment, grace period, and deferment periods. The origination rate is the same as the subsidized loan and the current interest rate as of July 1, 2020 until June 30, 2021 is 2.75%.
- Federal Direct Parent Loan for Undergraduate Students (PLUS)
The Federal Direct PLUS loan is available for credit worthy parents to borrow funds to assist in paying the educational expenses up to a maximum amount of the COA minus all other financial aid awards of a dependent undergraduate student enrolled at least half time (minimum 6 crs) per term. An origination fee will be deducted from the loan proceeds prior to the disbursement of funds. The loan origination fee for loans disbursed after October 1, 2020 and before September 30, 2021 is 4.228%. Interest will accrue from the time loan proceeds are disbursed until it is paid in full. The interest rate as of July 1, 2020 until June 30, 2021 is 5.3%.
More information about federal grants and loans may be found at www.studentaid.ed.gov.
Students may apply for part time, on campus employment and earn wages to help with their educational expenses. They may opt to have all, or a portion of their wages earned applied directly to their student billing account to go toward their charges for the term. Student employee positions are available throughout the campus and the type of work will vary by department and job position.
Students who are interested should contact Ms. Renee Rosenfield, Director of Human Resources at 267-502-6038 or firstname.lastname@example.org to obtain an application and more information.
The Pennsylvania Higher Education Assistance Agency (PHEAA) administers the Pennsylvania (PA) State Grant Program. This program is a financial assistance program that provides funding to eligible Pennsylvanians and helps them afford the costs of higher education at the undergraduate level. A PA State Grant is based on financial need and awarded to those students who meet the eligibility requirements. To determine eligibility, students must complete the Free Application for Federal Student Aid (FAFSA) form by May 1st and respond directly to PHEAA’s request for any additional information. For more information, visit www.pheaa.org.
International students may be eligible for limited institutional grant funding. International students should submit an International Student Certification of Finances to be considered for financial aid.
What could be a more important investment than a quality education? Tuition Prepayment Certificates (TPCs) help you save now for a child's future education. This program allows you to set money aside for ANC Secondary School and Bryn Athyn College tuition throughout the course of your child’s lifetime. Because your TPC is invested, it returns interest and increases your original investment. For more information, or to purchase TPCs, please view the Tuition Prepayment Certificates brochure.
Parents and students (with an eligible co-signer) may be eligible to borrow educational loans through private lenders. Privates loans should only be considered after all other forms of financial aid including federal direct student loans have been exhausted. Interest rates and borrowing terms will differ among every lender and should be reviewed carefully before deciding on and proceeding with applying. For more information about some lenders commonly used by Bryn Athyn students and parents, visit the ELM Select comparison resource.
Also, as required by the Higher Education Opportunity Act, Bryn Athyn College has adopted a Code of Conduct that describes our expectations of integrity while working with students/parents and private lenders.
Bryn Athyn College operates on a trimester system, therefore financial aid funds are usually disbursed in thirds. Financial aid funds will appear on a student’s billing account as “anticipated financial aid” until approximately a week or so after the add/drop period has ended. This will allow for any financial aid award revisions that may be necessary due to a student’s change in their enrollment status prior to their financial aid awards being credited, including both grants and loan to their billing account for the term.
If a student has a credit balance (displayed in parentheses on billing statement) as a result of a federal direct student loan and/or PLUS loan the Bursar’s Office will automatically process a refund check within 10 days of funds being posted.
The Council of Independent Colleges-Tuition Exchange Program includes a network of 437 institutions of higher education in 48 states and 5 countries. They provide over 1,500 students with reciprocal scholarships annually. Member institutions, Bryn Athyn College included, provide tuition scholarships to qualifying students from families of full-time employees of other participating colleges/universities. Direct questions Renée L. Rosenfeld, Director of Human Resources/Tuition Liaison Officer – email@example.com /267-502-6038.