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Guidance » Financial Aid Info

Financial Aid Info

The financial aid information below is only a starting point for students and their families to work their way through the process of obtaining funds for a post-Father Judge education.
 
Loans may also be obtained from local banks and credit unions.
 

Terminology

  • Wondering what all the terms mean? Use this guide to work your way through the financial aid lingo.

 

Federal Financial Aid

Complete the Free Application for Federal Student Aid (FAFSA)

 

Pennsylvania Financial Aid

 
Here's more info on loans and financial aid awards, and their differences...
 
Federal Pell Grant: Students who meet federal criteria for financial need automatically receive this grant, which does not require repayment.
 
Federal SEOG (Supplemental Education Opportunity Grant): Awarded to low-income students based on availability of funds at the college, and does not require repayment.
 
Federal Stafford Loans: These low-interest-rate education loans must be repaid. Annual borrowing limits vary depending on the student's year in college.
 
State Grant Programs: These awards are made to state residents who generally attend college in-state. State grants may or may not be need-based and do not have to be repaid.
 
Federal Perkins Loan: This low-interest rate (5%) federal loan is for students with exceptional financial needs and is based on the college's available Perkins loan funds. As with all education loans, repayment is required.
 
Subsidized Loans: These loans are awarded to students with financial need. The federal government pays the interest on the loan while the students are in college and during deferment and grace periods.
 
Unsubsidized Loans: These loans are awarded to students regardless of family income. Borrowers pay interest while attending college or may defer payment and allow interest to accrue.
 
College Grant/Scholarship: Individual colleges or universities determine eligibility for these awards. These awards may or may not be need-based. They are funded by the college and do not require repayment.
 
Federal Work-Study: This program is awarded to students with financial need. Students work part-time to earn this award.