Financial Aid - Broadview College

Financial Aid

Financing Your Education at Broadview College

Financial Aid

There are many ways to fund your education, but common methods that students use are listed below. Broadview’s financial aid staff will help you discover what kinds of aid are available and help to identify if you qualify for financial aid options.

There are two ways that you can use federal assistance to attend Broadview College. For those who qualify, submit the FAFSA within two weeks of applying for admission to Broadview.

Federal Grants

Federal grants are funded by the federal government; however, unlike loans, these do not have to be repaid. Grant availability is based on financial need and is awarded to qualified students.

Federal Loans

These are loans funded by the federal government. After graduation, you are required to pay back the money you’ve borrowed. Depending on need, interest payments may be required while in college.

Primary Sources Of Financial Aid And How To Apply

For those who qualify, you must complete the Free Application for Federal Student Aid (FAFSA).

Gift AidAward TypeApplication
Federal Pell GrantGrant based on financial need. The student receives notification of eligibility with receipt of Student Aid Report (SAR), which must list the appropriate school code for determination of amount based on cost and creditsFree Application for Federal Student Aid
Federal Supplemental Education Opportunity GrantGrant is based on financial need and is awarded by the institution. Notification is made approximately four weeks after start date.Free Application for Federal Student Aid
LoansAward TypeApplication
Federal Direct Loan/Subsidized And UnsubsidizedLong-term, low interest loan (current rate is 4.53% with graduate student loans at 6.08%*). Payment deferred until six months after student leaves school or attends less than half-time. Need-based calculation for subsidized loan.Free Application for Federal Student Aid (FAFSA) form, Master Promissory Note, and Entrance Counseling
Federal Direct Parent Loan For Undergraduate StudentsLong-term, low interest loan (current rate is 7.08%*) for parents of dependent undergraduates.Free Application for Federal Student Aid (FAFSA) form and Federal PLUS Master Promissory Note processed through school and private lender
Alternative Loan Programs: See Financial Aid OfficeSupplemental, variable interest rate loans are available. Deferment of principal and interest while in school at least half-time is available. The loan may be used for less than half-time attendance and does not require a co-signer if the borrower meets credit requirements. Alternative loans are privately funded.Applications are completed with third party lender, certifications are completed by the school
Student Access STAStA is an alternative loan program with third-party servicing. The interest rate is 5%. StA loans require minimum monthly interest repayment of $20 per month capped at $110 per month while in school. Student must be enrolled and charged for 12 credits or more per quarter and student must have applied for and been denied a privately funded alternative student loan. The loan amount is calculated using maximum federal, private, and institutional financial aid eligibility, regardless of the amount received or borrowed. The student can borrow up to the direct cost of tuition and fees. The disbursement must be matched with equal outside funding on account. If loan payments are delinquent, future disbursements will be placed on hold until delinquency is resolved. Early withdrawal will result in loss of disbursement eligibility for that quarter. If you qualify for this loan, awarded funds will be applied directly to your student account as a credit. No check or other cash monies will be given or refunded to you at any time.Applications processed through school