Federal Aid

Federal Pell Grant (for the year 2022-2023): The maximum Pell Grant is $6,895 per year. Pell Grants are applied for via the FAFSA. Must meet eligibility requirements.
Federal Supplemental Educational Opportunity Grants: These grants are available to students with high financial need. Eligibility is determined using results from the FAFSA. (Funds are limited)
Federal Work-Study Program: Students requiring a job to help meet college expenses may be eligible for employment under Federal Work-Study. Students are compensated for the number of hours worked.
Federal Direct Loan Program: Direct Loan Program enables students to borrow at low interest rates.
The maximum lending limits are as follows: Freshmen may borrow $5,500 per year; sophomores up to $6,500 per year; juniors and seniors may borrow up to $7,500 per year; graduate students may borrow $20,500 per year.
Independent students can apply for an additional unsubsidized loan of up to $4,000 for freshmen and sophomores, $5,000 for juniors and seniors, not to exceed the cost of education.
Direct PLUS Loan (Direct Loan) Program: Parents of undergraduate students may borrow up to the difference between college costs and other forms of aid received. Payment begins 30 days after final disbursement of the loan for an academic year.
Alternative Loan Programs: Visit our website at franciscan.edu/loans for more information.