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You're in the right place to get all the information you need on qualifying for, applying for and receiving financial aid. We encourage you to explore the many scholarship, grant, loan, and work-study options available that help make paying for college as affordable as possible.
Step 1: Apply for a federal username and password at www.fsaid.ed.gov . Both parents and students must apply for separate username and passwords.
Step 2: Complete the FAFSA online at www.fafsa.ed.gov or with a paper form available from your high school guidance office. The FAFSA can be completed as early as January 1. We recommend completing the FAFSA as soon as you file your taxes. You can use your prior year’s tax information to complete an estimated FAFSA; however, you will need to update your information once your taxes are filed.
Step 3: Once the FAFSA is complete, you will receive a Student Aid Report (SAR) from the Federal Government. The SAR will contain a number known as the Expected Family Contribution (EFC). The EFC figure is determined by the Federal Government on the following submissions: income (parent and student), assets, tax liabilities, family size and number of members of the household enrolled in college. The EFC is used to determine federal and state eligibility for need-based financial aid.Step 4: The Office of Financial Aid will send you a Financial Aid Award Package once you have received your SAR (around the middle of March).
Please note: May 1 is the FAFSA deadline for Pennsylvania State Grant consideration. PHEAA's Distance Education Policy has changed beginning Fall 2013. Please review the policy and submit necessary information to the Financial Aid Office every semester you are enrolled.
In order to receive Saint Francis University Institutional Aid (Institutional merit aid, Athletic scholarship, University grants, Endowed University scholarships, etc.) full-time dependent (as determined by Federal guidelines) undergraduate students are required to do one of the following:
To be eligible for institutional aid, students who commute from the home of a parent or legal guardian or are dependents of a SFU employee and receiving tuition remission benefits must be registered with the Office of Residence Life and approved as a commuter. If a student chooses to live off-campus (private residence, apartment, etc.) they do so with the understanding that they will forfeit Saint Francis University institutional aid. If a student fraudulently reports that they are commuting from home to the Office of Residence Life and are found to be living off-campus, the University reserves the right to revoke institutional aid and disciplinary action may be taken. A Saint Francis University student housing contract is for two semesters.
Federal PLUS Loan: Must File a FAFSA to be considered.
Parent PLUS Loan: When undergraduate students need funding beyond the Stafford or Perkins Loan, parents may need to consider the PLUS Loan. A Parent PLUS loan is in the parent's name. If a parent takes out the loan for the fall/ spring semesters, two equal payments will be disbursed; once the second disbursement is credited to the student's account (usually January), repayment on the loan will then begin. If Parents are denied the Parent PLUS Loan, an additional Unsubsidized Stafford Loan can be credited to the student's account. For students with less than 60 credits,$4,000 can be credited in an unsubsidized Stafford loan; for students with more than 60 credits, $5,000 can be credited in an unsubsidized Stafford loan. To apply, please visit www.studentloans.gov and complete your Master Promissory Note and Entrance Counseling. You can log on using your FSA ID. If you need to request a copy of your ID, please visit www.fsaid.ed.gov
Graduate students are ineligible for grant aid. Therefore,graduate students are limited to Stafford Loans, Graduate PLUS loans, and Alternative Loans. Graduate students do not have to begin repayment on Grad PLUS loans until after their deferment period ends (generally six months after graduation). Students have the choice to make interest payments or not. If interest payments are not made, the interest will accrue and be added to the principle loan balance once the deferment period ends. Since Graduate PLUS loans offer more competitive interest rates than Alternative Loans, Grad PLUS loans are the recommended means of financing a graduate student's education beyond the Stafford Loan. To apply, please visit www.studentloans.gov and complete your Master Promissory Note and Entrance Counseling. You can log on using your FSA ID. If you need to request a copy of your ID, please visit www.fsaid.ed.gov
Summer Stafford Loans
If you are taking classes through the summer semesters, you are eligible for a summer Stafford Loan only if you: are enrolled at least half time (6 or more credits), and you have completed the year prior FAFSA. Here at Saint Francis, our summer months are used as a "trailer" to the academic year, meaning our academic semesters go: fall, spring, summer. Therefore, to apply for a summer Stafford Loan, we must have the prior year's FAFSA on record. Please note: students enrolled in summer classes are not eligible for summer institutional aid. However, in some cases PHEAA awarded students may be eligible for summer state aid. For additional questions and concerns, please contact the financial aid office. To receive summer Stafford Loans, a summer Stafford Loan Request Form must be submitted to the Office of Financial Aid no later than May 1.
Please visit www.studentloans.gov and complete your Master Promissory Note (MPN) and entrance counseling. You can log onto this site using your 4-digit FAFSA PIN number. If you need to request a copy of your PIN number, please visit www.pin.ed.gov
Stafford Loan Request Forms will be available after March 15, 2016
Summer Aid for Junior Physician Assistants and Occupational Therapists
Both the Physician Assistant and Occupational Therapy Departments require that all students enrolled in the curricula attend classes full time (12+ credits) the summer between their Junior and Senior years. Therefore, these students are eligible for federal, state, and institutional aid ONLY if they are enrolled for 12 or more credits. If a qualifying student is eligible for the PHEAA state grant, the usual term of consideration is 8 semesters. However, since PA and OT students are required to attend this summer, an extension is submitted to PHEAA to allow for an additional semester for the given students totaling 9 semesters of consideration. For questions concerning the curricula, please contact the appropriate departments. For financial aid questions pertaining to these unique situations, please contact the Office of Financial Aid.
Normal # of
Type of Program
Semesters to Complete
Semesters of Aid
2 year associate's degree
4 year bachelor's degree
Saint Francis University117 Evergreen DriveP.O. Box 600Loretto, PA 15940