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Prescott College makes every attempt
to ensure that all qualified students can attend. The Financial
Aid staff assists students in funding their educational costs,
given individual eligibility. Financial Aid counselors are
available to help students with the application process. For
more information, contact the Prescott College Financial Aid
Office at 877-350-2100 or 928-350-1111. Inquiries by email
may be addressed to finaid@prescott.edu.
Click for information about 2006-2007 Financial Aid policies and other important information.
Meet the
financial aid staff.
Applying
for Financial Aid
All students seeking
financial assistance are required to complete the Free
Application for Federal Student Aid (FAFSA). You
can submit the FAFSA online at www.fafsa.ed.gov
or you may request a paper application at your public library,
from your high school guidance counselor or the Prescott College
Financial Aid Office. We recommend students file on
line if at all possible. When filling out your FAFSA
you will need enter Prescott College's Federal Code:
013659.
The FAFSA is a FREE
application designed by the Department of Education to be
easily completed by parents and students. The FAFSA
will give you simple step-by-step instructions and should
take approximately 20-30 minutes to complete. The
Financial Aid Staff at Prescott College warns of websites
or individuals who charge a fee for submitting a FAFSA. If you require assistance filling out the FAFSA, please contact
our staff or the Dept. of Ed help line at 1-800-4-FED-AID
(1-800-433-3243).
The entire financial
aid process takes time, therefore we recommend students file
their FAFSA as early as possible, and in no case later than
10 weeks prior to a planned enrollment in
order for your funding to be in place by your tuition due
date. While we will still process and award late applications,
students should make other financial arrangements until their
application can be processed. Many types of funds
are limited and are awarded on a first-come, first-served
basis--it is to your benefit to apply early.
All students
must file a FAFSA every year. The financial aid award
year begins the first of July each year and runs through June
30. New applications are available every January 1. Applying
early is to the student's advantage!
Generally, students
who need full tuition assistance meet their costs with a combination
of grants, scholarships, and loans. We strongly encourage
students to seek private scholarships. First, check with your
employer for tuition reimbursement benefits. Next, look for
local, regional and national organizations in your education/career
field. Also check with hometown community organizations or
religious affiliations. Search the Internet; try some of the
web sites listed below. Do
avoid scholarship scams that charge fees for "guaranteed"
results. Finally, visit the reference section
your local library or nearest community college library.
Estimated
Disbursement Dates for 2005-2006
| Program
|
Term
|
Estimated
First
Disbursement Date |
Refund
Check
Available
For
Pick
Up
(or
Mailed Out) By: |
Single
Term ONLY |
| Estimated
Second
Disbursement
Date |
Refund
Check
Available
For
Pick
Up
(or
Mailed Out) By: |
|
RDP
|
SU-05 |
06/27/05 |
06/17/05 |
06/28/05 |
07/08/05 |
| FA-05 |
10/04/05 |
10/14/05 |
10/25/05 |
11/11/05 |
| SP-06 |
02/14/06 |
02/24/06 |
03/14/06 |
03/24/06 |
| SU-06 |
06/13/06 |
06/23/06 |
07/05/06 |
07/14/06 |
|
ADP
|
FA-05 |
08/16/05 |
08/26/05 |
10/11/05 |
10/21/05 |
| WT-05 |
11/15/05 |
11/22/05 |
01/10/06 |
01/20/06 |
| SP-06 |
02/14/06 |
02/24/06 |
04/11/06 |
04/21/06 |
| SU-06 |
05/16/06 |
05/26/06 |
07/11/06 |
07/21/06 |
|
MAP & PhD
|
FA-05 |
09/13/05 |
09/23/05 |
10/25/05 |
11/11/05 |
| SP-06 |
03/07/06 |
03/17/06 |
04/12/06 |
04/21/06 |
| Prescott College
Scholarships |
Through
the generosity of our donors, Prescott College is pleased
to offer several scholarships to assist students with
their cost of attendance. Scholarship selection
criteria will be based on a combination of academic
performance, financial need, and/or intended program
of study as designated by each donor.
The 2007-2008 Prescott College Scholarship Application will be available Spring 2007.
|
| Outside
Scholarships |
A
listing of some outside scholarships which may be of
benefit to Prescott College students is available by
following this link.
For a list
of web sites to assist in your scholarship searches,
click here.
(MS Word doc) |
| Private
Postsecondary Financial Assistance Program (PFAP)
|
If
you have or will receive an Associate's Degree from
an Arizona community college and plan to attend Prescott
College to pursue your Bachelor's Degree, you may be
eligible to apply for this program. To learn more about
PFAP, click
here.
2005/2006 - Applications are still available, though funding is limited. If you have already received PFAP funding at Prescott College, please complete a renewal application.
If you have not received PFAP funding at Prescott College, please complete a new student application.
2006/2007 - Renewal applications will be mailed to students in June 2006. Applications for new students will be available in June 2006 also. Please contact the Financial Aid Office to request one.
|
Prescott
College Grant |
| A partial tuition waiver granted to students
with exceptional need. Limited fund. |
Federal
Pell Grant |
| A federal grant that need not be repaid.
Available only to those pursuing their first undergraduate
degree; not available for students pursuing only teaching
certifications; need-based. |
| Federal Supplemental
Grant (SEOG) |
| A federal grant for students with exceptional
need. Limited fund; must be Federal Pell Grant-eligible. |
| Federal Stafford
Loan |
| A loan regulated by the Federal Family
Education Loan (FFEL) Program. Funds come from,
and are repaid to, a lender that participates in the program.
After you graduate, leave school, or drop below half-time
enrollment, you will have a six-month "grace period" before
you begin repayment. The interest rate is variable
(adjusted annually on July 1st) but does not exceed 8.25
percent. If you are eligible for a subsidized
loan, the government will pay (subsidize) the interest
on your loan while you are enrolled at least half-time,
for the first six months after you leave school, and when
you qualify to have your payments deferred. A subsidized
loan is awarded on the basis of financial need as demonstrated
by the FAFSA results. If your loan is unsubsidized,
you are responsible for the interest from the time the
loan is disbursed until it is paid in full. You can choose
to pay the interest or allow it to accrue (accumulate)
and be capitalized (that is, added to the principal amount
of your loan). Capitalizing the interest will increase
the amount you have to repay. Both subsidized and
unsubsidized Stafford Loans offer several repayment options.
|
| Federal Parent
Loan (PLUS) |
| Similar to the Federal Unsubsidized Stafford
Loan, this bank loan is available to parents of dependent
students only. Low interest; non-need-based. |
| Federal Perkins
Loan |
| A low interest loan repaid to Prescott
College. Very limited fund; need-based. |
| Veterans' Benefits
|
Contact the
Prescott College VA Coordinator in the Financial Aid
Office for information and application materials. |
| Prescott College
Student Employment |
| Our version of "work-study,"
student employment
is available at locations both on and off campus.
To be eligible, you need to have submitted a current FAFSA. |
 EduPass
offers assistance and tools for international students
looking to study in the U.S.
 FastWEB
(Financial Aid Search Through the WEB)
FastWEB is the largest and most complete scholarship
search on the Internet. It provides access to a searchable database
of more than 400,000 private sector scholarships, fellowships,
grants, and student loans. Used by colleges across the United
States, fastWEB is now available to you FREE through the World
Wide Web, courtesy of Prescott College and fastWEB.com, L.L.C.
To use fastWEB, a student fills
out a detailed profile through a series of online forms. After
the forms are complete, fastWEB responds within a few minutes
with a list of matching awards. Each entry in this list includes
information about deadlines, eligibility requirements, award
amounts, and contact information for the award provider. Click
here to begin!
FinAid - The SmartStudent (tm) Guide to Financial Aid
contains comprehensive information for students and parents.
The
Student Guide is a comprehensive resource on
student financial aid from the U.S. Department of Education.
Grants, loans, and work-study are the three major forms of
aid available through the Department's Federal Student Aid
office. Updated each award year, The Student Guide
tells you about the programs and how to apply for them.
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