Financial Aid

Financial assistance (financial aid) awarded through Argosy University may consist of a combination of federal grants, scholarships, state aid programs, loans, and/or part-time work-study opportunities for those who qualify. Different forms of financial aid are explained later in this section.

Students complete the Free Application for Federal Student Aid (FAFSA) to apply for financial assistance. After students are accepted and complete the appropriate paperwork, students will receive an award letter from Argosy University describing their Financial Aid Package.

Federal Work Study Program

Available to graduate and undergraduate students, eligibility for this program is based on financial need as determined by the results of the FAFSA. Students are offered jobs (usually on-campus) which pay at least the federal minimum wage. The number of hours to be worked during a semester is determined by the amount awarded by the program. The average work schedule ranges from ten to twenty hours per week.

For more information and details, please see the Argosy University brochure entitled Financing Your Argosy University Education.

Scholarships

Scholarships are financial awards that typically do not have to be repaid. Funds are provided by a variety of government, civic and professional organizations as well as the school itself. Awards are made in recognition of outstanding student achievement. Student achievement can be defined in many ways, including by academic talent, community service involvement, or demonstrated leadership abilities. Scholarship opportunities at Argosy University are designed to assist students in pursuing their educational goals by recognizing their prior achievements in these areas.

For more information and details on scholarships, please see the Argosy University brochure entitled Financing Your Argosy University Education.

Grants

Grants are financial awards that typically do not have to be repaid. They are usually based on financial need.

For more information and details on grants, please see the Argosy University brochure entitled Financing Your Argosy University Education.

Loans

A loan is financial aid which must be repaid to the lending institution. Eligibility, interest rates, payment deferment periods (if any), and loan amounts vary by the type of loan the student obtains. Loans are available in several forms, as briefly explained below:

Federal (Title IV) Loans Federal Perkins Loan

This is a fixed interest rate, subsidized loan. It is administered by Argosy University, and eligibility for the loan is based on financial need as determined by the results of the FAFSA. Funds in this program are extremely limited. Payments may be deferred while the student is enrolled at least half time.

Federal Subsidized Stafford Loan

This is a fixed rate, subsidized loan, administered by the federal government. Eligibility for this loan is based on financial need as determined by the results of the FAFSA. Argosy University must certify the students eligibility for the amount borrowed. Payments may be deferred while the student is enrolled at least half time.

Federal Unsubsidized Stafford Loan

This is a fixed rate loan, administered by the federal government, and is not based on need. Argosy University must certify the students eligibility for the amount borrowed. Payments may be deferred while the student is enrolled at least half time; however, interest accrues on the loan during that time.

Federal Direct PLUS Loans for Graduate and Professional Degree Students

This loan is for students in Graduate programs who need additional funds and who meet Federal eligibility requirements. The interest rate is fixed, and interest accrues while the student is in school. There are credit requirements for this loan.

Additional Unsubsidized Loan

This loan is available to full-time students in the Doctor of Psychology in Clinical Psychology program at Argosy University. There are borrowing limits on all of the loans described above. Criteria such as dependency status and grade level are used in defining these limits.

For further information and details on the loans previously described, please see the Argosy University brochure entitled Financing Your Argosy University Education.

Other Financial Assistance Resources

In addition to the federal and state programs listed here, Argosy University participates in other programs designed to provide financial assistance to specific groups of students. Some of these programs include:

Veterans Administration (VA) Job Training and Partnership Act (JTPA) Division of Rehabilitation Services (DRS)