​Types of Financial Aid Available from University of Findlay

The University of Findlay offers several kinds of financial support to new and returning students including merit, endowed and athletic scholarships, as well as grants and loans through both the state of Ohio and the federal financial aid program.


To be eligible for any federal financial aid, all new and continuing students and their parents are required to complete and submit the Free Application for Federal Student Aid (FAFSA). All students who complete the FAFSA will qualify for federal loans. In addition to scholarships and grants, your award package may include a suggested amount for federal student loan programs (Federal Direct Stafford Loan or Federal Direct PLUS Loan) and work-study.


Once you apply for financial aid, the University will send you an official financial aid award package. The award package shows the total amount of financial aid offered to a student. Your financial aid award information will also be available in your UFNet account at my.findlay.edu. Here you can check your financial aid status, view your financial aid awards, and check for updates and messages





Scholarships and Grants
Scholarships and grants are types of financial aid that do not have to be repaid. They may take the form of University scholarships, federal or state grants, or scholarships from outside sources.

UF Merit Scholarships

The University of Findlay offers merit-based scholarships to undergraduate students. Eligibility for a merit-based scholarship is determined by a student’s ACT/SAT score for first-time freshmen. Transfer students are eligible for a transfer merit scholarship of $15,000 . Merit scholarships at UF are automatically renewable for up to five years of undergraduate study, as long as the student is a full-time and stays in good academic standing.





UF Endowed Scholarships

UF offers hundreds of endowed scholarships every year to returning students. Students complete a single, electronic scholarship application in February of every year to be considered for these scholarships. Endowed scholarships are a good way to increase your financial aid package each year. Click here for a complete list of endowed scholarships.  Click here for a complete list of endowed scholarships.


Federal Pell Grants

The Federal Pell Grant Program provides assistance to undergraduate students who demonstrate financial need according to economic criteria and program requirements established by the federal government. To be eligible, students must enroll in a degree program and be pursuing their first bachelor's degree. (Students are not eligible if they have already completed a bachelor's degree.) An estimated award will be listed for you if we think you will be eligible.


Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant

Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Students are required to meet several criteria while in-school to be eligible for this grant and must complete service requirements as a teacher. If a student does not meet the service requirements this grant will become a Federal Direct Unsubsidized Loan.


Federal Supplemental Educational Opportunity Grants (FSEOG)

The FSEOG program is funded by the U.S. Department of Education and administered by The University of Findlay to provide assistance to students with exceptional financial need. All students who qualify are automatically considered for this grant. However, our funds from this program are very limited.


Federal Veterans Benefits

The U.S. Department of Veterans Affairs offers education grant assistance to qualified U.S. military service members and their families.


Scholarships and Grants from Other Organizations

In addition to these sources of financial aid, you may also be eligible for a private scholarship or grant from an outside organization or agency. Some sources to explore are employers, unions, professional organizations, and community and special interest groups. 


 

Loans From External Sources

Your financial aid package may include a loan. The difference between a loan versus a scholarship or grant, is that a loan must be repaid. Therefore, when deciding whether to borrow, you should examine your need for assistance and your future ability to repay.

Unlike consumer loans, student loans have longer terms of repayment and in most cases are not repayable until you leave school. Interest rates vary from program to program but are usually lower than rates on loans made to the general public. To be eligible for a federal loan, students must be officially admitted to The University of Findlay.

Federal Direct Subsidized Stafford Loan 

If your award package lists a Federal Direct Stafford Loan and/or a Federal Direct PLUS Loan, the information below should help clarify the terms and conditions of this loan. 

  • Who the loan is from U.S. Department of Education 
  • Amount: Up to $3,500 Freshman, $4,500 Sophomore, $5,500 Junior and Senior 
  • Interest Rate: 4.45%
  • Repayment term: 10 years   
  • Eligibility: Student must maintain at least half-time enrollment status in each enrolled semester and meet basic eligibility requirements. 
  • Deferral: Principal and interest*. Repayment begins six months after graduation or when the student falls below half-time status. 
* For new Subsidized Stafford Loans, the interest subsidy during the six-month grace period is canceled for students who fall below half-time status.

Federal Direct Unsubsidized Stafford Loan

  • Who the loan is from: U.S. Department of Education
  • Amount: Up to $5,500 Freshman, $6,500 Sophomore, $7,500 Junior/Senior, $20,500 (All amounts minus any subsidized Stafford loan.)  
  • Interest: 4.45% 
  • Term: 10 years
  • Eligibility: Student must maintain at least half-time enrollment status in each enrolled semester and meet basic eligibility requirements. 
  • Deferral: Principal only. Interest may be capitalized. Repayment begins six months after graduation or when the student falls below half-time status. Eligible students are automatically renewed for the Unsubsidized Stafford Loan. 

Federal Direct PLUS Loans

You or your parents may also have the option of applying for a Parent PLUS loan if you are enrolled at least half-time. The loan is credit-based.

  • Who the loan is from: U.S. Department of Education
  • Amount: Up to the full cost of education, minus all other financial aid received. 
  • Interest: 7.00%
  • Term: 10 years
  • Eligibility: Student must maintain at least half-time enrollment status in each enrolled semester and meet basic eligibility requirements. 
  • Deferral: Principal only. Interest may be capitalized.

Federal Work-Study

Most financial aid award packages include work-study. This means that you are eligible to participate in the Federal Work-Study Program, and may earn up to the amount recommended in your package.  Federal Work-Study jobs, generally averaging from 15 to 20 hours per week, are secured through the Student Employment Office. Positions in various on-campus departments and organizations are available and usually pay $8 or more per hour.

Work-Study earnings are not credited toward tuition and fees or room and board but are paid to the student on a bi-weekly basis. Students are not required to meet their earnings expectation through the Federal Work-Study Program and may choose not to accept Federal Work-Study and seek instead employment in an on-campus or off-campus job in which wages are paid entirely by the employer's budget.


 

Points to Remember

  1. Findlay's federal school code number is 003045.
  2. Review the Student Aid Report (SAR) you receive from the U.S. Department of Education. Make sure all required sections are complete and accurate and that you indicated UF's the federal school code number 003045. Follow the instructions to make corrections if necessary, and then keep the final SAR for your records. 
  3. Keep a copy of all documents that you submit to the Office of Financial Aid.
  4. Be certain that you understand the conditions of the awards you accept.
  5. Advise the Office of Financial Aid immediately if you receive student aid funds from any independent outside source (e.g. private scholarships and grants). A change in your resources may affect your UF financial aid package.
  6. Also contact us if there is a change in your housing status. A change in enrollment or housing status may affect the financial aid you receive.
  7. Remember that you must reapply for financial aid each year. We prefer if you apply for financial aid each year after October .