McCann School of Business and Technology


STUDENT FINANCIAL AID
Student Loans
  • Stafford Subsidized Loan - You may apply for this long-term, low-interest loan whether you are a full-time or part-time dependent student. Up to $2,625 for the first academic year and up to $3,500 for the second academic year can be borrowed depending on your need. Repayment begins six months after you complete your education.

  • Stafford Unsubsidized Loan - For Independent Students Only. It offers up to $4,000 per year, based on your personal need.

  • PLUS Loan - Parent Loans for Undergraduate Students (PLUS) are available to assist your parents in paying for your education if you are their dependent. Your parents can borrow up to the cost of education minus other financial aid.
     How to Apply - Students should apply for student loans at banks in their home communities at least 60 days prior to the need for funds. Loan applications will be furnished by the banks.



Student Grants

      Guidelines for Student Grants - Family size, income, and costs at the school where you plan to enroll are the key factors in determining whether a student qualifies for a grant and how much he or she will receive. Thus, the amounts will vary.

      Grants - Grants are money awards which are given to students based specifically on financial need.
  • Federal Pell Grant - A Pell Grant is an award to help you pay for your education after high school. You may be eligible for this program providing you have not already earned a professional degree, are at least a half-time student, and are enrolled in a diploma or degree program at McCann School of Business & Technology.

    If you qualify for a Federal Pell grant, please be advised that the McCann School of Business & Technology operates on a four term per academic year. (July 1 to June 30) schedule. Federal Pell grants are disbursed on a three term per academic year schedule. Please be sure to discuss this with an Admissions Representative.

  • PHEAA Grant - This state grant is available to you if you are a resident of Pennsylvania. You may receive eligibility depending on your financial need if you are at least a full-time/part-time student, enrolled in a degree program at McCann School of Business & Technology.

    Full time students can receive a maximum of six (6) awards. Part-time students can receive a maximum of twelve (12) awards.

      Maintaining Eligibility - Students must reapply annually for both grants and loans. In addition, students must maintain satisfactory academic progress and credit completion and remain in good academic standing.

      Incomplete and Grade Deficiencies - If a student must repeat a course due to a grade deficiency resulting in a change of full-time status, (12 or more credits per term) the student must remedy the deficiency at his/her own expense. Once the deficiency is remedied, the student must request from the Director of Financial Aid that the financial aid be reinstated.

     If an academic deficiency involves an incomplete grade, it is the responsibility of the student to complete all assignments. Once a grade has been given for the incomplete, the student must contact the Financial Aid Office to report his/her grade. At the time the course is successfully completed, the Financial Aid will be re-instated.

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