Other Aid

Some quick definitions can help you decipher the world of college aid.

Grants - free money. No payback. (You gotta love grants!)
Subsidized loans - need-based money that you have to pay back, but the government covers the interest while you’re in school.
Unsubsidized loans - loans available to everyone regardless of financial need, but you are responsible for the interest.
FAFSA - Free Application for Federal Student Aid.
The FAFSA is your pathway to federal aid as well as many college and state aid programs. Be sure to enter Nebraska Wesleyan’s school code: 002555.

Here’s a glimpse of what’s out there for grants and loans.

$750 for first year students; $1,300 for sophomores
Must be Pell Grant eligible, have completed a rigorous high school program of study, and maintain at least a 3.0 GPA
For more information, visit the Academic Competitiveness Grant page on the Federal Student Aid Web Site

$4,000
Must be a Pell Grant eligible junior or senior with at least a 3.0 GPA and a major in physical or life sciences, computer science, engineering, mathematics or technology
For more information, visit the SMART Grant page on the Federal Student Aid Web Site

Up to $4,000 per year
Must have 3.25 GPA or score above 75th percentile on ACT/SAT and plan to teach in high-need subject areas at schools that serve students from low-income families
For more information, check out the details.

Students ineligible for a Federal Stafford Loan may borrow similar amounts each year through this unsubsidized program
Due to recent Federal legislation, all students who filed a FAFSA are eligible for an additional $2,000 in unsubsidized Stafford Loan funds