Financial Aid

University of St. Francis participates in the following federal and state programs. All students must complete the Free Application for Federal Student Aid (FAFSA) in order to determine eligibility. For additional information about federal and state aid, please visit our website at www.stfrancis.edu/finaid/. To apply for financial assistance please visit www.fafsa.ed.gov. The FAFSA School Code for USF is: 001664.

Federal Aid Programs for Full-Time
Undergraduate Students

PROGRAM AWARD RANGE REQUIREMENTS
Federal Pell Grant Program $400 - $4,731 Family Contribution < 4,041
Federal Academic Competitiveness Grant $750 Freshman
$1,300 Sophomore 		Pell eligible, rigorous program of study in high school
Federal SMART Grant $4,000 Junior
$4,000 senior		 Pell eligible, 3.00 GPA and pursuing designated major
Federal SEOG Grant Program $400 - $4,000 Pell recipient w/need
Federal College Work-Study Up to $3,000 annually Financial Need
Federal Carl D. Perkins Loan Up to $4,000 annually Financial Need
Federal Direct Subsidized Loan
(Total combination of Subsidized and Unsubsidized cannot exceed ranges) 		Up to $3,500 for freshman; $4,500 for Sophomores; $5,500 for juniors and seniors Financial need, 6.80% fixed interest rate as of July 1, 2006
Federal Direct Unsubsidized Loan (Total combination of Subsidized and Unsubsidized cannot exceed ranges) Up to $3,500 for freshman; $4,500 for Sophomores; $5,500 for juniors and seniors 6.80% fixed interest rate as of July 1, 2006
Federal Direct Parent Loan (PLUS) Up to full cost of attendance less any other assistance 7.90% fixed interest rate as of July 1, 2006. Payments begin immediately.


State Aid Programs for
Undergraduate Students

PROGRAM AWARD RANGE REQUIREMENTS
Illinois Monetary Award Program $400 - $4,968 Annually Financial Need, Illinois residency
Silas Purnell Incentive for Access Grant $500 one time award Freshman with zero (0) EFC, Illinois residency
Illinois Future Teachers Corps* $5,000 - $10,000 Must pursue teaching career in Illinois and sign agreement, illinois residency
Minority Teachers of Illinois Scholarship* $5,000 per year Minority and must sign teaching agreement, Illinois residency

 

*Programs require teaching commitment upon graduation - If the applicant fails to meet the commitment, the scholarships become a loan and must be repaid by the student.