God provides for His people
When you begin your college career, you may often wonder how (or even if) God will provide. To this point in your life, college is by far your biggest investment.
We know from experience that God does indeed provide!
God is our source, actively working for His people. He uses a variety of methods. We want to list of few of them for you here.
Who qualifies for financial aid?
Those who want to apply for state or federal aid should meet the following criteria:
- You are a citizen or eligible non-citizen of the US
- You have a high school diploma or GED
- You are enrolled in an eligible institution
- You have registered with the Selective Service (men only)
- You maintain satisfactory academic progress
How can you apply?
Students applying for financial aid must complete a Free Application for Federal Student Aid (FAFSA).
Submit your FAFSA as soon as possible after January 1 of the year you plan to attend.
First, apply online for a Federal Personal Identification Number (PIN). The PIN will allow you to electronically sign the FAFSA. If you are a dependent student, your parents will need to apply for a PIN also.
Receive a grant
Grants (gift aid that does not require repayment) are offered to students who demonstrate financial need according to the federal need analysis formula in the FAFSA.
State—For Wisconsin residents.
- Wisconsin Grant (WG): For WI residents attending independent Wisconsin colleges and universities. Awards are based on financial need. Amounts vary from $1,000 to $2,735 per year.
Federal—For U.S. citizens and eligible non-citizens.
- Pell Grant: 2015-2016 awards range from $626 to $5,775 per year for undergraduates. Awards are based on the student’s Expected Family Contribution, determined by the federal government using information provided through FAFSA.
- Federal Supplemental Education Opportunity Grant (FSEOG): Awarded to the neediest students who attend first semester and return second semester. Amounts vary.
Take out a loan
Maranatha participates in the Federal Direct Loan Program. These loans are governed by federal laws which determine the maximum loan amounts and interest rates. Students must submit the FAFSA each year to be eligible for Direct Loans.
- Direct Stafford Loans – Subsidized (non-interest bearing) and Unsubsidized loans (interest bearing) for students who are enrolled at least half time. Repayment begins six months after the student drops below half-time enrollment, withdraws, or graduates.
- Direct Parent Loan for Undergraduate Students (PLUS) – available to parents to help pay their child’s educational expenses. Applicants must pass a credit check. Repayment usually begins shortly after the last disbursement is made, but may be deferred while the student is enrolled at least half time.