Federal Grants
Federal Pell Grants-This federal grant program is awarded to high need students.  You must enroll in a minimum of one course a semester and maintain satisfactory academic progress in order to continue to receive this assistance.  Grants are available in the fall and spring and range between $400 and $4000 per academic year (amounts change annually).  Students are considered for this grant by filing the FAFSA.

Federal Subsidized Stafford Loans
Federal Subsidized Stafford Loans-This Stafford Loan program is federally subsidized and is aimed at making funds available to students at a reasonable variable interest rate.  First year students, at least half-time (6 credits), may be eligible to borrow up to $2,625. Second year students may borrow up to $3,500 while third and fourth year students may qualify for a $5,500 Stafford Loan.  The maximum total that may be borrowed as an undergraduate is $23,000.  Applications are available at local banks and lending institutions, or the SFS Office, and should be filed directly with the lender.  Repayment does not begin until 6 months after graduation or when a student ceases to be enrolled at least half-time.

Unsubsidized Stafford Loans
Federal Unsubsidized Stafford Loans-This loan carries the same interest rate and loan limits as the Federal Subsidized Stafford Loan.  Although repayment of principal does not begin until 6 months after graduation, borrowers are expected to make quarterly (or monthly) interest payments while enrolled in school.

Application
The Free Application for Federal Student Aid (FAFSA) is the primary means of applying for aid.  This application serves as the required form for all Federal and State financial aid programs. It should be filed before May 1 for aid in the following fall.  In addition, the SFS Office will need a completed Evening Student Application, Institutional Verification Form, and copies of previous year tax returns and W2 forms.  All forms are available in the SFS Office.  The Stafford Loan has a separate application form obtained from the lender bank or the SFS Office.  Application for aid generally takes 4 to 6 weeks to process and must be made every year of attendance.

Financial Aid Transcripts
Financial Aid Transcripts-If you have attended college prior to coming to Ursinus, you must request a Financial Aid Transcript (a statement itemizing your financial aid history) from each former college.  This is a requirement, whether or not you had aid at the prior institution(s).  These forms are available in the SFS Office, and must be completed by you and your former college.

Satisfactory Progress
All students who receive financial assistance must maintain satisfactory academic progress as determined by College policy.  For details, request the Satisfactory Progress Guidelines from the SFS Office.

Student Financial Services Office
SFS Office Appointments-If you would like to discuss any aspect of the financial aid process, you may call or make an appointment.  The office hours are Monday-Friday, 9:00 am-5:00 pm.  Telephone: 610-409-3600.