Federal Financial Aid Programs: Federal student aid is a resource to assist you in paying for your education. In order to apply for federal aid, you must complete the Free Application for Federal Student Aid (FAFSA) each year. You may complete the application online atwww.fafsa.ed.gov (Avila University Code: 002449) . Avila University encourages you to complete the FAFSA as soon as possible after January 1st. However, the priority deadline to submit your FAFSA is March 1st. The FAFSA may be submitted after this date. Based on the information provided by you and your family on the FAFSA, an Expected Family Contribution (EFC) is determined. This is the amount that you are expected to pay for educational expenses. Your financial need is the difference between the cost of attendance at an institution and the EFC. The types and amounts of available federal aid may differ from institution to institution. Institutional and state financial aid programs may utilize the federal aid methodology when awarding need-based aid.

Federal Pell Grant: This is a need-based grant that varies from $400 to $4,310 based upon your Expected Family Contribution. This amount is determined by filing the FAFSA.

Federal Supplemental Education Opportunity Grant (FSEOG): This is also a need-based grant and may be awarded to students who are eligible for the Federal Pell Grant. Schools have very limited funding for this grant so students are encouraged to apply early.

Academic Competitiveness Grant (ACG): This will provide up to $750 for the first year of undergraduate study and up to $1,300 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. The Academic Competitiveness Grant award is in addition to the student's Pell Grant award.

Smart Grant: This will provide up to $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. The National SMART Grant award is in addition to the student's Pell Grant award.

Federal Work-Study Programs (FWS): This program provides part-time, on campus employment for students with established need. Check with the financial aid department for job availability. The student will undergo an interview for the positions. Each student is allowed a certain amount of hours per semester; please see your financial aid advisor for details. Jobs are on a first-come, first-serve basis and do run out very quickly. Please note: Your job on campus is a real job. It affects the day-to-day operations of our departments and the quality of our service. It is important to decide if you are willing to accept the responsibilities of employment before signing up for the work program.

Federal Perkins Loan: This is a need-based, low interest loan that is repayable to Avila University nine months after the borrower ceases to be enrolled at least half time. Funds for this loan are very limited.

Federal Stafford Subsidized and Unsubsidized Loans: The Stafford loan program enables students to borrow annual amounts of $3,500 for freshmen, $4,500 for sophomores, and $5,500 each for juniors and seniors. Independent students will receive the same loan limits plus an additional $4,000 for freshmen and sophomores, and $5,000 for juniors and seniors. You must sign your award letter and complete a master promissory note to accept your loan. If this is the first time you have applied for a Stafford loan with Avila University you will need to complete an entrance counseling before the loan can be processed and an exit counseling when you graduate. Subsidized loans are need-based as determined by your FAFSA. The government will pay the interest for you while you are enrolled in school at least half time. Unsubsidized loans are not based on financial need and are available to all students regardless of income. Interest will accrue while the student is in school therefore the student is responsible for all interest charges. You may choose to make interest payments while in school or you may defer the interest until repayment.

Federal Parent Loan for Undergraduate Students (PLUS): The Parent PLUS loan is taken out by either a parent or stepparent who needs additional funds to assist his or her child with the cost of education or living expenses.