Federal & State Aid

The Federal Pell Grant is an educational grant that does not have to be repaid. It is an entitlement program for undergraduates who have not yet completed a first baccalaureate course of study or professional degree.

The U.S. Department of Education uses a standard formula to evaluate the information provided on the Free Application for Federal Student Aid (FAFSA). This formula calculates the Expected Family Contribution (EFC) number which is used to determine Pell Grant eligibility.

Award
For 2024-2025, eligible applicants can receive up to $3,698 per semester or up to $7,395 per year. The amount of the grant is pro-rated for an enrollments status of less than full-time.

Application
The FAFSA is the application for the Pell Grant.

Renewal
The FAFSA must be completed annually to determine Pell Grant eligibility. Eligible applicants may receive this grant each year provided they maintained Satisfactory Academic Progress.

The Federal Supplemental Educational Opportunity Grant (FSEOG) is an educational grant that does not have to be repaid. Due to limited funding, priority given to students who are Federal Pell Grant eligible and have a “00000” or less Student Aid Index.

Award

Enrollment Status	Year	Semester
Full-time	up to $4,000	up to $2,000
Part-time	up to $2,000	up to $1,000

Application
The FAFSA is the application for FSEOG.

Renewal
The FAFSA must be completed annually to determine eligibility. Eligible applicants may receive this grant each year provided they maintained Satisfactory Academic Progress.

Student Employment

The mission of the Work Study Program at Emmanuel University is to provide students a meaningful work experience aimed at enhancing their university and career goals, while providing financial support.

Student Workers

Emmanuel University strives to offer a wide variety of employment opportunities, both on and off campus. The Work Study Program assists both the college and community businesses by developing job opportunities that allow students to earn money, expand academic preparation, and explore career objectives through their college work experience. Students are encouraged to submit their application for student employment as soon as possible as jobs are limited.

The two types of student employment are:

Federal Work-Study (FWS) is for students who have demonstrated need according to the results of the Free Application for Federal Student Aid (FAFSA).

Institutional Work-Study (IWS) is for students who are not eligible for the Federal Work-Study program, including international students.

How Do I Apply?

Any student interested in working on campus through the Work Study Program must submit an Application for Work Study to the Work Study office.  Applications can be filled out via the link below or students can visit the Financial Aid Office.

Emmanuel University Student Work Study Application (click here)

For additional information, contact Tina Catterton at tina.catterton@ec.edu. The Work study office is located in the Aaron Bldg, Suite 200-C.  All applications submitted remain on file and the information is forwarded to departments as jobs become available. Student work study jobs on campus are subject to availability and are not guaranteed.

Federal Direct Student Stafford Loans is a common source of college loan funds. There are two types of Stafford loans: subsidized and unsubsidized.

SUBSIDIZED STAFFORD LOAN

Subsidized loans are need-based, and the federal government pays the interest on these loans while you are in school. You become responsible for the interest at repayment – which begins 6 months after you drop below half-time enrollment.

If you do not qualify for Subsidized Stafford Loans or need more money than the subsidized program can offer, then you may qualify for an Unsubsidized Stafford Loan regardless of your family income.

UNSUBSIDIZED STAFFORD LOAN

Unsubsidized loans are not need-based, and you are responsible for all of the interest that accrues on the loan, including while you are in school.

Eligibility

• You must have submitted a Free Application for Federal Student Aid (FAFSA).
• For Subsidized Stafford Loans, you must have financial need as determined by the Office of Financial Aid.
• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled or plan to enroll at least half time.
• You must not be in default on any education loan or owe a refund on an education grant.

Amounts and Limits

Year in College	Dependent Student	Independent Student or Students Whose Parents are Not Eligible for a PLUS Loan
Freshman	$5,500 (up to $3,500 may be subsidized)	$9,500 (up to $3,500 of this amount may be a subsidized loan)
Sophomore	$6,500 (up to $4,500 may be subsidized)	$10,500 (up to $4,500 of this amount may be a subsidized loan)
Junior or Senior	$7,500 (up to $5,500 may be subsidized)	$12,500 (up to $5,500 of this amount may be a subsidized loan)

Maximum Total Debt from Stafford Loans Upon Graduation	Dependent Students	Independent Student or Students Whose Parents are Not Eligible for a PLUS Loan
	$31,000 as a dependent undergraduate student (up to $23,000 of this amount may be in subsidized loans)	$57,500 as an independent undergraduate student (up to $23,000 of this amount may be in subsidized loans)

The interest rate for 2023-2024 is a fixed rate of 5.50% for Subsidized Loans and Unsubsidized Loans.  Repayment begins six months after a student graduates, withdraws, or drops below half-time enrollment. Loan borrowers will be charged a fee of  1.062% for this loan.

You are strongly encouraged to borrow only what you need. The loan amount on your award letter may show the maximum amount of loan eligibility for the Stafford Loan, although you may not need this amount to satisfy your financial obligation to the college.

Stafford Loan borrowers at Emmanuel University will need to complete:

• Stafford Loan Entrance Counseling Session
• Master Promissory Note (MPN) for Direct Student Loans

Eligibility

A parent of a dependent student enrolled at least half-time is eligible to apply. The parent must also be a citizen or resident of the United States, pass a credit check, and not be in default or owe a refund to any student financial assistance program.

Amount

The yearly limit on a Parent PLUS loan is equal to the cost of attendance minus the sum of all other forms or financial aid already awarded. The interest rate is a fixed rate of 7.08% and begins to accrue as soon as the lender disburses the loan. Loan borrowers will be charged a fee of 4.248% for this loan. Repayment begins within 60 days after the lender disburses the final portion of the loan.

The amount listed on the award letter may show the maximum amount of loan eligibility for the Parent PLUS Loan. You are strongly encouraged to borrow only what you need to satisfy your financial obligations to the university.

Click here to apply.