Financial Aid

University of St. Francis
Financial Assitance for Part-Time & Degree Completion Students

FEDERAL PROGRAMS AWARD RANGE REQUIREMENTS
Federal Pell Grant Program $400 - $4,731 EFC < 4,041
Federal Direct Subsidized Loan (Total Combination of Subsidized and Unsubsidized cannot exceed yearly award amounts) Up to $3,500 for freshman;
$4,500 for sophomores;
$5,500 for juniors and seniors per academic year 		Financial need, 6.80% fixed interest during repayment
Federal Direct Unsubsidized Loan (Total combination of Subsidized and Unsubsidized cannot exceed yearly award amounts) Up to $3,500 for freshman;
$4,500 for sophomores;
$5,500 for juniors and seniors per academic year		 6.80% fixed interest during repayment
     
STATE PROGRAM AWARD RANGE REQUIREMENTS
Illinois Monetary Award Program $400 - $4,968 Annually Financial Need, Illinois residency
     
OUTSIDE PROGRAM AWARD RANGE REQUIREMENTS
Private Alternative Loan Programs Up to cost of attendance less other assistance and loans Interest varies by lending institution and credit score Contact Financial Aid Services and review alternative financing options before applying.

Other Financial Aid Options for Degree Completion Students


University of St. Francis is committed to making a quality, private university affordable for all who wish to attend. During 2005-2006, the average gift assistance package for a transfer student was $8,523. Of the $1.6 million dollars in gift assistance from all sources, 71 percent came from USF. That's the kind of commitment we're talking about.

USF participates in federal and state programs also. To supplement gift assistance awards and family contribution, many students borrow to help pay their educational costs. USF participates in the Federal Direct Student Loan Program, the Carl D. Perkins Program and other select Alternative Loans from private lenders. This, in combination with USF's convenient 10-Pay Plan makes it easy to find the method that will best suit your own personal situation.

There is a wide array of information available on the USF Financial Aid Services web site. Please check it out and see why you can afford a quality private university education at University of St. Francis.