Students are expected to meet certain requirements to retain their awards. Federal and state programs require students to maintain satisfactory academic progress (SAP) as determined by their institution. Our institutional SAP Policy can be reviewed in theCollege catalog. Additional GPA and credit level requirements may need to be met to continue receiving certain awards.

GRANTS

FEDERAL PELL GRANT: The Pell Grant is a federal grant awarded to undergraduate students who demonstrate high or extreme financial need based on the results of the Free Application for Federal Student Aid (FAFSA).

ACADEMIC COMPETITIVENESS GRANT (ACG): The Federal Academic Competitiveness Grant will provide $750 for the first year of undergraduate study and $1300 for the second year of undergraduate study to full-time students who are U.S. Citizens, eligible for a Federal Pell Grant, and who had successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must also have maintained a cumulative grade point average (GPA) of at least 3.0. More information

NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT (SMART): A Federal SMART Grant will provide $4,000 for each of the third and fourth years of undergraduate study to full-time students who are U.S. citizens, eligible for a Federal Pell Grant, and majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security. The student must also have maintained a cumulative grade point average (GPA) of at least 3.0 in coursework required for the major. More information

MINNESOTA STATE GRANT: Students are eligible for the Minnesota State Grant if they meet the Minnesota residency requirement(s) and have attended less than the equivalent of four full-time academic years of post secondary education as defined by the Minnesota Office of Higher Education (MOHE). The grant amount is based on the results of the Free Application for Federal Student Aid (FAFSA) and current state legislation.

SCHOLARSHIPS

For more information on scholarships, please view the following on-line directory searches:http://www.finaid.org/,http://www.fastweb.com/,or,http://www.fastweb.com/,or http://www.scholarshiphelp.org/index.htm. Please contact your employer regarding tuition reimbursement programs.

ORDEAN SCHOLARSHIP PROGRAM: The Ordean Scholarship ranges from $1500-$3000 per year and is available to Juniors or Seniors who have been accepted into the Accounting, Elementary or Secondary Education, Nursing, Psychology, Social Work, or Management majors at The College of St. Scholastica. Students must meet low income guidelines and be a resident of Duluth, Proctor, or Hermantown. A student must have lived in one of these cities for at least one year during the last five years for purposes other than attending a post secondary institution. Request an Ordean Scholarship Application.Please do not contact the Ordean Foundation for information

LOANS

FEDERAL SUBSIDIZED STAFFORD LOAN: This loan is offered to students who demonstrate financial need. The interest rate is fixed at 6.8%. The quarterly interest is fully subsidized (paid) by the government until the student goes into repayment. Repayment begins 6 months after the student graduates, leaves school or drops below half-time enrollment. A 2-3% origination/guarantee fee is typically charged by the lender/guarantee agency to borrow this loan.Stafford Loan Forgiveness Program

FEDERAL UNSUBSIDIZED STAFFORD LOAN: The Unsubsidized Stafford loan is offered to students with low financial need. The terms are the same as the Subsidized Stafford loan (see above) except the borrower is responsible for the quarterly interest. A borrower can choose to pay the quarterly interest or opt to let it capitalize. A student may be eligible for additional Unsubsidized Stafford Loan funding if the Parent PLUS loan is denied by a lending institution.

SELF LOAN: The Student Education Loan Fund (SELF) Program is a long-term, low interest educational loan provided by the Minnesota Office of Higher Education (MOHE). The interest rate is variable, averaging 6.81% since 1988. The program is unique to Minnesota colleges because MHESO is the only lender in the program, and there are no origination fees assessed. A credit worthy co-signer is required and his/her signature must be notarized. The student is responsible for paying quarterly interest while in school and monthly interest for the first 12 months after the student graduates, leaves school, or drops below half-time enrollment.. Principal and interest payments begin the 13th month out of school. Maximum borrowing amount: $7500/year.

PRIVATE/ALTERNATIVE LOAN OPTIONS: Sometimes a supplemental loan is required to meet your expenses while attending St. Scholastica. Alternative loans typically require a credit worthy borrower and/or a credit worthy cosigner. Enrollment requirements and all other terms & conditions vary by lender. More Information

OTHER FORMS OF AID

CSS SCHOLARSHIP DIRECTORY: This directory is compiled by the College of St. Scholastica and contains scholarship opportunities made available to students attending CSS.

For information on additional scholarship opporttunities, please view the following on-line directory searches:http://www.finaid.org/orhttp://www.fastweb.com/. Contact your employer regarding tuition reimbursement programs.