Types of Financial Aid
A quick lesson in helping pay for your education.
You have an exciting career ahead of you. But first, you have a job to do: Assemble the funds to pay for your education. Here’s your toolbox. Take a look and see which forms of financial aid apply to you, and let us help you get to work.
Financial aid helps students and their families pay for college expenses such as tuition, fees, books and/or supplies. The types of financial aid include grants, scholarships, work study opportunities, and loans.
Financial aid awards may include a combination of the various types of aid.
Federal Pell Grant Program — Federal funds available to undergraduate students enrolled in a program of study six months in length or longer. Complete a FAFSA (Free Application for Federal Student Aid) to determine your eligibility. FAFSA applications are available online at https://fafsa.gov. Belmont College Code: 009941.
Federal Supplemental Education Opportunity Grant (FSEOG) — The allocation of funds is at Belmont College discretion; awarding of funds is based on need and application date. Apply through the FAFSA. According to federal regulations, students must be Pell-eligible to receive FSEOG funds. Funds are limited, so apply early.
Federal Work-Study Program — Provides jobs for students who have financial need and want to earn money to help pay educational expenses. Wages are $10.30 per hour. You’re eligible to apply for work-study if you’re enrolled at least half-time (six credit hours). First complete the FAFSA using the Belmont College code: 009941. Contact the Financial Aid Office at 740.695.8510 if you’re interested in a work-study position.
Federal Direct Subsidized and Unsubsidized Loans — To reduce student borrowing and enable more of our students to graduate with zero loan debt, we require a Federal Direct Loan Request Form for all Federal Direct Loans. To apply for a Direct loan, complete the FAFSA and the Federal Direct Loan Request Form.
Federal Direct Subsidized Loan — You can apply for a student loan if you’re enrolled or have been accepted for enrollment at least half-time (six credit hours). If you qualify, the interest on the loan is paid by the federal government while you’re enrolled in school, and during the six-month grace period after your last date of enrollment or during an eligible deferment. Repayment begins six months after you graduate, withdraw from college, or do not enroll at least half-time; you may be allowed up to 10 years to repay. Online Loan Entrance Counseling and a master Promissory Note are required for all students applying for Direct Loans.
Federal Direct Unsubsidized Loan — You can apply for a student loan if you’re enrolled or have been accepted for enrollment at least half-time (six credit hours). You are responsible for the interest while enrolled in school, during the six-month grace period after your last date of enrollment, or during an eligible deferment. Repayment begins six months after you graduate, withdraw from college, or do not enroll at least half-time; you may be allowed up to 10 years to repay. Under this program, independent students who don’t qualify for the maximum subsidized loan limits may borrow the difference, plus an additional amount of up to $4,000. Online Loan Entrance Counseling and a Master Promissory Note are required for all students applying for Direct Loans. Once online counseling is complete you may click the next step to complete the online MPN.
Helpful links:
Belmont College offers a wide range of scholarship opportunities. See our scholarship page to learn more.
These funds are applicable based on special criteria. Click below to see if you’re eligible.
- Choose Ohio First Scholarship Application
- Short Term Certificate Scholarship Application
- Short Term Certificate Scholarship Application for Foster Care Youth
Ohio War Orphans Scholarship — The Ohio War Orphan & Severely Disabled Veterans’ Children Scholarship Program awards tuition assistance to the children of deceased or severely disabled Ohio veterans who served in the armed forces during a period of declared war or conflict. Applicants must be between the ages of 16 and 21, attend an Ohio public-assisted institution or eligible non-profit institution, and be a resident of the state of Ohio for 12 consecutive months prior to application. (If a parent doesn’t meet the residence requirement, applicants must be an Ohio resident for 5 years prior to application.) Learn more through the Department of Higher Education or by contacting the Department of Higher Education, State Grants and Scholarships Department, P.O. Box 182452, Columbus, Ohio 43218-2452.
Ohio Nurse Education Assistance Loan Program (NEALP) — NEALP provides financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in an approved Ohio nurse education program. NEALP provides funding for nurses who intend to serve as instructors, or for students who intend to serve as nurses after graduation. To qualify for loan cancellation, you must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five years after graduation. You may apply after January 1 and before July 15th of each year. Notification of acceptance or denial for NEALP funding will be sent the first week of September. Learn more at Ohio Higher Ed NEALP.
Ohio National Guard — Will pay in-state institutional and general fees of members enrolled at Ohio public institutions as full-time undergraduates. Contact your local Ohio National Guard Armory or visit National Guard online to learn more.
Pennsylvania Higher Education Assistance Association (PHEAA) — Operated by the Pennsylvania Higher Education Assistance Agency. Funds may be used to pay instructional fees only for Pennsylvania residents. You must be enrolled full time as an undergraduate and make appropriate progress toward an associate degree.
Vocational Rehabilitation
Each state maintains a vocational rehabilitation agency to assist clients in training or retraining to overcome various disabilities. It may be possible to have all, or part of your educational expenses covered under such programs. Contact the Vocational Rehabilitation office serving your county of residence. Ohio residents can find more information though Opportunities for Ohioans with Disabilities.
Veterans’ Benefits — Veterans of the U.S. Armed Services, Reservists, and National Guard members may be eligible to receive educational benefits through the U.S. Department of Veterans Affairs (VA). Children and spouses of deceased or totally and permanently disabled veterans may receive educational assistance. All applicable guidelines apply.
Workforce Innovation and Opportunity Act (WIOA)/Trade Adjustment Assistance (TAA)
WIOA and TAA programs, funded by the Department of Labor, help students seeking career paths that lead to in-demand jobs. If you are a displaced worker, homeless, or receive other assistance such as food stamps or Temporary Assistance for Needy Families (TANF), you may be eligible for these programs. To apply for WIOA or TAA funding, visit your local American Job Center (OhioMeansJobs in Ohio and Northern Panhandle Workforce Development Board in West Virginia). WIOA and TAA have academic and attendance requirements that depend on county and program.
Outside Scholarship Resources
Other private scholarships are often available through high schools, fraternal organizations, churches, etc. Students should check such local sources for more information.