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Find Financial Aid for Your Online Degree

Plan on financial aid when you’re planning for college. Regardless of your current financial situation, you may qualify1 for some type of aid. With scholarships, state and federal funding, private and institutional grants, and private loans, funding sources are available for almost anyone who needs them. Find out more about federal funding options and how to get started on this page.

Where to Find Financial Help
When you’re ready to look for financial aid, Independence University may be able to help you explore all your options so you have the best chance of funding your education. Possible sources of financial aid include:
  • Federal: The federal government offers grants and loans for many students. If you’re on active duty, a veteran, or a military spouse, you could get additional military benefits.
  • State: Many states offer scholarships, grants, and need-based assistance for residents. We’ll help you see if you could qualify for aid in your state.
  • Institutional: As a nonprofit university, we invest in our students with scholarships1 and affordable tuition payment plans.
  • Private: There are many private companies offering loans for students. You might also find grants and scholarships from private sources. We can help you explore these options.
Financial Aid Questions
How much aid can I qualify for?

How do I apply for financial aid?

Federal School FAFSA Code

Where do I find out more information about federal student aid?

Financial Aid Makes College
More Affordable

 

In a recent school year, more than half of U.S. undergrads received financial aid in some form from the federal government, according to the U.S. Education Department.² That department alone awards over $150 billion in grants, loans, and work study every year. That doesn’t include funding from state, institution, and private sources.

 

Most prospective students are eligible for aid of some sort. Our friendly financial planners will help you get all the financial aid you qualify for. Call us today at (800) 917-6391.


Federal Funding Options

Find out about additional military benefits for veterans, active service members, and military spouses.

Student Aid ProgramType of AidProgram DetailsAnnual Max Award Limits
Federal Pell Grant

Grant: does not have to be repaid.Available almost exclusively to undergraduates; all eligible students will receive the Federal Pell Grant amounts they qualify for.$5,815 (2010/2011 school year). Subject to change every July 1st.
Federal Supplemental
Educational Opportunity
Grant (FSEOG)
Grant: does not have to be repaid.For undergraduates with exceptional financial need; priority is given to Federal Pell Grant recipients; funds depend on availability at school.Amounts vary depending on school's allocation.
Federal Work Study
Money is earned while attending school; does not have to be repaid.For undergraduates with exceptional financial need; priority is given to Federal Pell Grant recipients; funds depend on availability at school.No annual maximum.
Federal Perkins Loan
Loan: must be repaid.Five percent loans for both undergraduate and graduate students; payment is owed to the school that made the loan.$5,500 for undergraduate students;
$8,000 for graduate students.
Direct Subsidized Loan
Loan: must be repaid.Direct Subsidized: U.S. Department of Education pays interest while borrower is in school and during grace and deferment periods.$3,500 to $8,500, depending on grade level.
Direct Unsubsidized Loan
Loan: must be repaid.Direct Unsubsidized: Borrower is responsible for interest during life of the loan.$4,000 to $18,500, depending on grade level (If you do not qualify for Direct Subsidized loan).
Federal PLUS Loan
Loan: must be repaid.Available to parents of dependent undergraduate students.Cost of attendance minus any other financial aid the student receives.

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  1. Scholarship awards are limited and only available to those who qualify. See scholarshipshc.com for details
  2. Source: bloomberg.com/news/articles/2013-08-20/more-than-half-of-u-s-college-students-get-federal-aid