Financial Aid


Types of Financial Aid


The following types of financial aid are available at Saint Paul College:

Grants

Grants are gift aid, which the student does not have to pay back. Students who have completed a bachelor's degree, or the equivalent from another college, are not eligible for grants.

Federal Pell Grant

Students may apply for the Federal Pell Grant by completing the FAFSA. Pell Grants vary from $400 per year up to the federally legislated maximum. Pell Grant recipients must be enrolled in an eligible program.

Federal Supplemental Education Opportunity Grant (SEOG)

This program is designed for students who have exceptional financial need. Funds are limited and eligibility is determined by the Financial Aid Office.

Academic Competitiveness Grant, ACG Grant

This grant is for students who graduated from high school after January 1, 2006 for a first-year grant or after January 1, 2005 for a second-year grant. In addition, students must be a US Citizen, Pell Grant eligible, enrolled fulltime in a two or four year program and completed a rigorous high school program as determined by the State of Minnesota and recognized by the Secretary of Education. See www.fafsa.ed.gov for more information regarding eligibility and the application process.

Minnesota State Grant

This is a grant for Minnesota residents who are attending an accredited post-secondary institution. Awards are similar to the Pell Grant. Students apply by completing the FAFSA. Minnesota State grant eligibility requires FAFSA be received within the first 30 days after the term begins.

Minnesota Child Care Grant

This grant is for students who are Minnesota residents, have children 12 and under (14 and under, if handicapped), have financial need and have child care expenses. Recipients must not be receiving Minnesota Family Investment Program (MFIP) assistance. Students who have received an award letter may request an application from the Financial Aid Office.

On-Campus Child Care Center
Saint Paul College offers on-campus care for children 6 weeks of age to the first day of Kindergarten. Our Child Care Center is available for students and staff of the College, and is operated by Children’s Home Society & Family Services (CHSFS). Enrollment in the child care center, located on the west side of the main campus building, is handled directly by Children’s Home Society & Family Services and starts with an arranged visit for you and your child.


Work-Study Programs


  • Federal Work-Study
  • State Work-Study

These programs employ students on campus. Pay is established by the College. These programs provide work for up to 20 hours per week. Total work-study earnings cannot exceed the cost of attendance. Students must be registered for 6 credits.


Loans


Loans are financial aid that must be paid back. The student must complete on-line Entry Loan Counseling and be registered for 6 credits. Need based and non-need based loans are available.

Federal Stafford Loan

Whether or not students qualify for a grant, they can get help to meet their educational expenses by borrowing money from the Stafford Student Loan Program or one of several other available loan programs. Depending on their eligibility, first year students may borrow up to $2,625 per academic year. Upon completion of 30 credits toward program requirements, eligibility increases to $3500 per academic year.

More information about Loans and how to apply for and pay for the Federal Stafford Loan.

Federal Plus Loan Program (PLUS)

The Plus Loan Program for undergraduate students can be used by parents of dependent students who are in need of additional funds to meet the cost of education. The program allows parents to borrow up to the cost of attendance minus other aid.

Supplemental Loan for Students (SELF)

The SELF program is a long-term, low interest educational loan provided by the State of Minnesota. The SELF loan is for students who cannot obtain the financial aid they need from the existing need-based aid programs. The Minnesota Office of Higher Education (OHE) is the only lender in the program. The amount a student may borrow depends on other loans the student may already have and is limited by state regulations. The student must have a credit-worthy cosigner in order to apply for the SELF loan.

Other Sources of Financial Assistance

Several government and private agencies provide financial assistance to eligible students. Contact the local office of any of the following agencies for consideration. The agency determines eligibility.

D2L  |   Library  |   Tuition & Fees  |   Student/Employer Job Bank  |   Documents  |   College Job Postings  |   College Directory

Site map   |   Accessibility

© 2008 Saint Paul College

Saint Paul College is an Equal Opportunity employer and educator
and a member of the Minnesota State Colleges and Universities system.

Valid CSS Valid Xhtml 1.0