Information for Traditional Program Undergraduate Students
There are several types of financial aid available from federal, state, institutional and other outside organizations. Continuation of financial aid from year to year depends on the student maintaining eligibility requirements. If you have any questions regarding the types of financial aid available to you please contact the Financial Aid Office.
Grants
Grants may be awarded based on need and merit or a combination of both based on individual circumstances.
|
Program |
Eligibility |
Annual Amount |
To Apply |
|
Pell Grant |
Need |
$400 - $4,731 |
FAFSA |
|
SEOG Grant |
Need |
$200 - $1,500 |
FAFSA |
| Federal ACG Grant |
Pell eligible 1st or 2nd year student. 1st year students must have had an academically rigorous high school program. 2nd year students must have a minimum 3.0 GPA. Must be a full-time. |
1st year - $750
2nd year - $1,300 |
FAFSA |
| Federal SMART Grant |
Pell eligible 3rd or 4th year student with minimum 3.0 GPA. Major in math, science or engineering. Must be full-time. |
Up to $4,000 |
FAFSA |
|
PHEAA Grant |
Need & PA resident. At least 6 credits |
$500 - $4,300 |
FAFSA prior to May 1 |
|
Other State Grants (Delaware, Maine, Massachusetts, Michigan, Ohio, Vermont, West Virginia) |
Need as determined by state |
Varies by state |
FAFSA form. Sometimes additional form from state. See High School Guidance Counselor for details. |
|
Geneva Grants |
Need, Full time student |
Varies according to need |
File FAFSA form annually by March 15 for priority consideration |
|
Beaver Falls High School Grant |
Need, Full time Student |
Varies; will meet financial need when combined with other gift aid, work study and student loan |
File FAFSA form annually. Apply for Admission by May 1. |
|
Church Denomination Grant* (NAPARC, EPC, CCNA, or CMA) |
Student is a member of a NAPARC,EPC, CCNA, CMA church, full time student |
$2,500. Renewable annually for a maximum of 8 semesters. |
Verification of church membership when student enrolls |
|
Church Denomination Grant* (RPCNA Students) |
Student is a member of an RPCNA church, full time student |
20% of tuition for students who matriculate in fall 2005 or later. Renewable annually for a maximum of 8 semesters. |
Verification of Church membership when student enrolls |
* A student may receive only one of these awards
Scholarships
Scholarships are awarded based on academic record or activity involvement
|
Program |
Eligibility |
Annual Amount |
Comments |
|
Geneva Scholar Academic Awards |
Based upon a combination of SAT/ACT scores and high school grades. High school GPA must be at least a 3.0 on a 4 point scale. (New students only) |
$3,000 - $10,000 for new students enrolling in fall 2008. Renewable annually for a maximum of 8 semesters. |
Less than 60 cr. - Cum GPA 3.0 minimum. 60 or more cr. - Cum GPA 3.2 minimum. GPA checked after spring. |
|
Geneva Scholar for PTK members |
3.5 Transfer GPA and minimum of 24 credits earned. Cannot be combined with other Geneva Scholar awards. (New transfer students only) |
$2,000. Renewable annually for a maximum of 8 semesters. |
Full-time student; Less than 60 cr. - Cum GPA 3.0 minimum. 60 or more cr. - Cum GPA 3.2 minimum. GPA checked after spring. |
|
Presidential Scholarship |
High academic standing. Financial need is a consideration. A limited number of these awards will be made. |
$2,000. Renewable annually for a maximum of 8 semesters. |
Less than 60 cr. - Cum GPA 3.2 minimum. 60 or more cr. - Cum GPA 3.4 minimum. GPA checked after spring.
|
|
Merit Award |
National Merit finalist or semifinalist |
Full tuition for finalist; 3/4 tuition for semifinalist; $1,000 for commended. Renewable annually for a maximum of 8 semesters. |
Less than 60 cr. - Cum GPA 3.2 minimum. 60 or more cr. - Cum GPA 3.4 minimum. GPA checked after spring. |
|
CM Lee Scholarship |
High academic standing. A limited number of these awards will be made. |
up to $4000. Renewable annually for a maximum of 8 semesters. |
Less than 60 cr. - Cum GPA 3.2 minimum. 60 or more cr. - Cum GPA 3.4 minimum. GPA checked after spring. |
| Achievement Award |
No academic award. Based upon high school grades, SAT/ACT and personal characteristics. |
$3,000. Renewable annually for a maximum of 8 semesters. |
Full-time student. Must maintain a 2.8 Cum GPA. |
| First Year Technology Scholarship |
First year students who are Pennsylvania residents with a minimum SAT (or equivalent ACT) of 1150 on math and critical reading and a minimum math score of 550. Must be planning to major in Engineering, Chemical Engineering or Computer Science. |
$2,000 for the FIRST YEAR ONLY. |
It is expected that students will apply for the Pennsylvania New Economy Technology Scholarship (NETS) for the sophomore through senior years. See the NETS web site. |
Please note - Scholarships from Geneva may not exceed tuition.
In addition to the scholarships listed here, you can perform your own search at www.fastweb.com. FastWeb is a free online scholarship search.
Federal Loans
Loans are funds that you and/or parents borrow to help finance your education. Repayment terms and interest rates vary depending on the loan program. A variety of loans are available to help finance your education.
Filing the FAFSA is the first step in determining your eligibility for the following loans.
|
Program |
Eligibility |
Annual Amount |
Comments |
|
Federal Perkins Loan |
Need |
$100 - $2,000 |
Repayment begins nine months after last college enrollment. |
|
Stafford Loan (subsidized and unsubsidized) |
Must have financial need to have the interest subsidized. Must be enrolled for at least 6 credits. |
$3,500 - Freshman
$4,500 - Sophomore
$5,500 - Jr. and Sr. |
Repayment begins six months after last college enrollment. For loans disbursed after 7/1/2008, the interest rate for subsidized loans is 6%. For unsubsidized, it is 6.8%. Interest accumulates during the in school period for unsubsidized loans. |
|
PLUS Loan (Parent Loan) You can compare PLUS lenders at www.elmselect.com |
Not based on need, but parent must pass credit check. |
Cost of education minus other financial aid |
Repayment begins 60 days after loan is fully disbursed. The interest rate is 8.5%. Many lenders will defer payment while the student is enrolled. |
Alternative (Private Educational) Loans
Alternative loans are available if you will need additional funding. These loans are borrowed in the student's name and payment is deferred while the student is in school. Interest rates are variable. The borrower and co-signer must pass a credit check. Listed below is more information as well as the Web sites for each alternative loan option. Visit www.elmselect.com to compare alternative loans.
Campus Employment
Students are eligible for federal college work-study based on need. The amount earned varies with the number of hours worked. Students typically work 7-10 hours a week. File the FAFSA form to determine eligibility for federal work-study. Generally, students are paid minimum wage on a bi-weekly basis. While the awarded amount is included in the financial aid package, it does not directly reduce the semester bill. Students must earn the money, which can act as reimbursement for tuition paid or can be saved for the following semester.
Various offices and departments throughout the campus hire student workers. Students are responsible for finding their own position. Students who are eligible for federal work-study have first priority for campus employment. You can find a list of available jobs on the Career Development Campus Work Study page.
