Financial Planning
Average Cost: $550 per credit hour.
92% of the Harcum student body receives some form of financial aid. Each student’s financial situation is individually assessed after a thorough review of financial information submitted by each applicant’s family.
How to Apply
Harcum College encourages students to complete the Free Application for Federal Student Aid (FAFSA) online at http://www.fafsa.ed.gov. If unable to complete the FAFSA on the web, complete a paper application and mail it to the Department of Education, Attn: Student Aid Programs. Note: Those who complete their FAFSA on the web will experience a much faster processing time frame than those who complete a paper application. In either case, you must request that your information be released to Harcum College.
Our Title IV institutional code is 003272.
Complete and sign the institutional data form. Return the signed formed to the financial aid office, which is located on the second floor of Melville Hall.
The priority deadline for filing for Financial Aid at Harcum is May 1. Any applications received after this date will be awarded on a first come, first served basis as long as funds are available.
Eligibility
To receive financial aid at Harcum College, a student must:
• Complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1
• Be a United States citizen or permanent resident
• Be enrolled in a degree-seeking program
• Be registered for at least 6 credit hours per term (half-time)
• Adhere to the standards of Satisfactory Academic Progress
Types of Aid
Financial aid awards generally consist of a combination of three types of assistance: Scholarships and Grants, Federal Loans, and Federal Work Study.
Scholarships and Grants:
These awards are available from various sources, including the college, its alumnae and other benefactors, and the federal and state governments. Scholarships and grants are either need or merit based.
Perkins Loans – The Federal Perkins loan program offers low-interest loans to students with exceptional financial need. Interest is subsidized by the federal government while the student is in attendance on at least a half-time basis. Principal payments begin nine months after the student graduates or drops below half-time attendance in school.
Stafford Loans – Low-interest student loans. Subsidized Stafford loans are based on financial need. The government pays the interest on the loan while the student is in school at least half-time. Students who do not qualify for need-based assistance will be offered an unsubsidized Stafford loan. Under the unsubsidized program, students are responsible for paying the quarterly interest on the loan while they are in attendance in school. These interest payments can be deferred if the student is unable to make the payments while enrolled.
PLUS – The Federal PLUS (Parent Loan to Undergraduate Students) is available to parents of full and half-time dependent students. Parents may borrow up to the full cost of education minus any other financial aid received. The loan is also available to families who do not qualify for need-based financial aid. Repayment begins within 60 days of disbursement of the funds.
Loan Links
The U.S. Department of Education’s National Student Loan Data System (NSLDS) allows you to access information on loan and/or federal grant amounts, your loan status (including outstanding balances) and disbursements. Go to www.nslds.ed.gov.
Financial Aid resources
Entrance Counseling and MPN
http://www.ed.gov/offices/OSFAP/DirectLoan/calc.html
Budget and Loan Repayment Calculators
http://studentaid.ed.gov/PORTALSWebApp/students/english/toolsandresources.jsp
Student Aid Information and FAFSA Forms
http://studentaid.ed.gov/students/attachments/funding/StudentGuide0708_RepayingLoan.pdf Repaying Your Student Loan
Federal Work Study
