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 grants, 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.
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.
Find out about additional military benefits for veterans, active service members, and military spouses.
|Student Aid Program||Type of Aid||Program Details||Annual Max Award Limits|
|Federal Pell Grant||Grant: does not have to be repaid.||Available almost exclusively to undergraduates; all eligible students can receive the Federal Pell Grant amounts they qualify for.||$5,815 (2010/2011 school year). Subject to change every July 1st.|
|Federal Supplemental |
|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.|
Independence University admits students of any race, color, and national or ethnic origin.