San Ignacio University Federal Financial Aid Program
Please complete the Free Application for Federal Student Aid (http://www.fafsa.ed.gov)
You must be an undergraduate student without a bachelor’s or professional degree. If you are enrolled in a post baccalaureate teaching certificate program, you also may receive a Federal Pell Grant.
Current Year Award Amount: The maximum award is $5,730. As of 2015-2016 students will be awarded $5,775.
Note: If you are eligible for a Pell Grant and your parent or guardian was a member of the U.S. Armed forces and died as a result of military service in Iraq or Afghanistan after Sept.11, 2001, you will receive the maximum Pell for the award year.
Federal Direct Student Loans
Low-interest loans for eligible students to help cover the cost of higher education.
Direct Subsidized Loans are for students with financial need. Students are not charged interest while enrolled at least half-time, during deferment or grace period.
The grace period is a set period of time after students graduate, leave school, or drop below half-time enrollment before students must begin repayment on your loan. Not all federal student loans have a grace period.
Direct Unsubsidized Loans
Students are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Interest accrues (accumulates) on an unsubsidized loan from the time it is first paid out. Students can pay the interest while they are in school, during grace periods and deferment or forbearance periods or students may allow the interest to accrue and be capitalized (that is, the interest is added to the principal amount of your loan).
Loan that enables parents to borrow for each of their dependent children enrolled in at least six credits and meet all eligibility requirements. Parents can borrow up to the cost of attendance minus other aid. Interest payments on this loan are not subsidized by the government. This loan is a credit-worthiness loan which will require a credit history approval.
Iraq and Afghanistan Service Grant
For students who are not eligible for a Pell Grant only because of that program's need requirements and whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept. 11, 2001 (additional conditions apply). Current Year Award Amount: The current maximum is $5,730 but cannot exceed the cost of attendance for that award year.
Placement: 76% (*culinary program 2014-2015)
Retention: 79% (2013-2014)