Center for Adult and Professional Studies
Types of Financial Assistance

Grants

St. Andrews awards federal and state grants based on financial need. These grants include federal sources such as the Federal Pell Grant and state resources such as the North Carolina Education Lottery Scholarship or State Contractual grant. North Carolina residents can receive the Legislative Tuition Grant for all qualified, full-time and part-time North Carolina students.

Loans

St. Andrews participates in the Federal Family Education Loan (FFEL) program. These are Stafford loans for students. The Stafford loan may be subsidized (need-based) or unsubsidized (non need-based). These loans are determined after the Office of Student Financial Planning receives a student’s FAFSA. Loan levels are set by the Department of Education and awarded based on the number of college credits a student has completed.

Will you need to apply for a student loan? Many banks and state lending agencies offer Federal Stafford loans. You can select the lender of your choice. Over the years St. Andrews has worked with a number of lending institutions. St. Andrews recommends the lenders referenced on the link below because of their borrower discounts, their electronic loan processing, and their service to our students and their families. Each lender’s web site has information about the borrower benefits they offer.

Click Loan Information to see various lenders from which you can choose to take a loan with. Once on this website you may click on any specific loan institution logo and you will be taken to that institution’s website for their unique information.

All loans require a signed master promissory note. This is the contract between a borrower and a lender that includes the terms and conditions under which the borrower promises to repay the loan. The lender of choice will provide the master promissory note. It must be signed and returned to the lender. Most lenders allow you to apply online at their website and sign electronically using your FAFSA Pin number.

To complete entrance loan counseling please click on the following link:

http://mappingyourfuture.org/oslc/counseling/index.cfm?act=Intro&OslcTypeID=1

To complete exit loan counseling please go to:

http://www.mappingyourfuture.org/oslc/counseling/index.cfm?act=Intro&OslcTypeID=2

Integrity of Lenders and Student Loans

St. Andrews holds its responsibility and obligations to our students and their families in high regard. Nationally, there is significant scrutiny to the relationship of higher education institutions and the financial lending industry. Over 400 colleges and universities have been found to be participating with lenders for preferred treatment. St. Andrews has NOT participated in any such action. Our Financial Aid Office has been through several audits that provide appropriate verification.

The National Association of Student Financial Aid Administrators(NASFAA) adopted a 12-point Statement of Ethical Principles that has served as a common foundation for accepted standards of conduct for the financial aid professional. Recognizing that the primary goal of the financial aid professional is to help students achieve their educational potential by providing appropriate financial resources, the statement addressed the standards that should be followed by these individuals in conducting their daily responsibilities. St. Andrews has adopted these principles as an integral part of our responsibilities.

The Code of Conduct in its entirety is available on the NASFAA Web site.

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Center for Adult and Professional Studies
Types of Financial Assistance

Admissions

Other Important Links

Center for Adult and Professional StudiesTypes of Financial Assistance

Admissions

Other Important Links

Center for Adult and Professional Studies
Types of Financial Assistance