Types of Aid

Scholarships and other Resources for Undergraduate and Graduate Degree Programs

Looking for scholarships? Visit the sites below to search for scholarships:

Be sure to check with your employer regarding tuition reimbursement programs available. You may also want to contact your tax advisor about other tax initiatives, or visit the  IRS Website for more information on education tax credits.

Federal Grants and Loan

You must complete the financial aid application process to be considered for the following funds:

Federal Pell Grant
Undergraduate students who meet the federal EFC (family contribution) restrictions may qualify for the Federal Pell Grant. The Pell Grant ranges from $278 to $5,550 per year depending on the family contribution and the enrollment status.

Federal Direct Loan

The Direct Loan is available to undergraduate or graduate students who are enrolled at least half-time in a degree program. The following chart outlines the maximum amounts available in the program for each class year.

This federal program is awarded based on the cost of education, e.g., tuition and books, as well as class level, enrollment status, and award year. The award year is a minimum of 24 credits and 30 weeks for an undergraduate. Thus, an undergraduate student will not regain eligibility for more loan funds until these benchmarks have been reached. A graduate student will not regain eligibility for more loan funds until 12 credits are earned and at least 30 weeks have passed.

Students who demonstrate financial need will qualify for the Subsidized Direct Loan (no interest accrues as long as the student maintains at least half-time status). The Unsubsidized Direct Loan is available to students who do demonstrate financial need. The current interest rate for subsidized loans is 3.4% and is 6.8% for unsubsidized loans. The Direct Subsidized Loan for graduate students will be eliminated for the 2012-2013 year.

Undergraduate Independent Students

Borrower's Year in School (# credits earned) Base Amount Subsidized & Unsubsidized  Unsubsidized Amount  Additional Unsubsidized Amount* Total Amount

First Year (0 to 24) $3,500 $2,000 $4,000 $9,500
Second Year (25 to 56) $4,500 $2,000 $4,000 $10,500
Third & Fourth Year (57 plus) $5,500 $2,000 $5,000 $12,500

Total maximum outstanding Stafford debt allowable:
$31,000 for dependent undergraduates
$57,500 for independent undergraduate
* Dependent students do not qualify for the additional amount unless the parent is denied a Federal Parent Loan.

Graduate Students

Borrower's Year in School Base Amount Subsidized & Unsubsidized Additional Unsubsidized Amount Total Amount

Graduate Student $8,500 $12,000 $20,500

Total maximum outstanding Stafford debt allowable for a graduate student: $138,500 including undergraduate level debt. Only $65,500 may be subsidized.

Veterans Administration Benefits

Saint Joseph's College's programs are approved by the Maine State Approving Agency for Veterans Education Programs for benefits (GI Bill®) from the U.S. Department of Veterans Affairs. Students who request veterans educational assistance are required to have all previous post-secondary experience evaluated for possible transfer credit. For more information, please contact Saint Joseph's College Online at 800-752-4723.

For more information on federal programs, click here.
Or call 1-800-4FEDAID.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill.