Friday, March 25, 2011

FINANCIAL AID

FDU Scholarships for Undergraduates

Fairleigh Dickinson University offers a variety of academic achievement scholarships. We recommend freshman applicants submit a complete admissions application (including the University Admissions Application, an official high school transcript, and SAT or ACT scores) by January 15 for priority scholarship consideration. A transfer applicant must have completed a minimum of 24 college credits and a complete admissions file (including the University Admissions application, college transcript) no later than March 1.
Colonel Fairleigh S. Dickinson Scholarship
All first-time freshmen submitting complete admissions files (an application, transcript, SAT or ACT scores, and two letters of recommendation) will be automatically reviewed for this very generous and unique achievement-based award.  The Colonel Fairleigh S. Dickinson Scholarships range from $17,500 to $24,000 annually for a maximum of four years at full-time enrollment while maintaining a minimum 3.50 cumulative grade point average. The recommended academic criteria for consideration are 1200 SAT on a 1600 scale (27 ACT) and a 3.50 GPA.
Dean's Scholarship
All first-time freshmen students who apply to the University are automatically evaluated for this academic scholarship. The Dean's Scholarships range from $10,000 to $17,250 annually for a maximum of four years at full time enrollment while maintaining a minimum 3.00 cumulative grade point average. The recommended academic criteria for consideration are 1050 SAT on a 1600 scale (26 ACT) and a 3.00 GPA.
Provost’s Leadership Award
This award recognizes academically qualified students with a demonstrated record of outstanding leadership and/or service in their school or community. All first-time freshmen with complete admission packets on file are automatically considered for this program. These annually renewable awards range from $2,000 to $9,500 for a maximum of four years at full-time enrollment while maintaining a 2.70 cumulative grade point average.
Phi Theta Kappa Scholarship
Transfer students who are members of Phi Theta Kappa are eligible for a $16,000 PTK Scholarship if a copy of their PTK certificate is included in the application. Recipients must maintain a minimum 3.00 grade point ratio to renew eligibility.
Transfer Scholarship
All transfer students applying to the University by March 1 who have completed a minimum of 24 college credits are automatically evaluated for Transfer Scholarships. These scholarships range from $3,000 to $14,000 per academic year for a maximum of three years at full-time enrollment while maintaining appropriate academic progress.
Athletic Scholarship
Athletic scholarships are available for male and female athletes at the University's Metropolitan Campus. All recipients are subject to the Division I rules and regulations of the National Collegiate Athletic Associations (NCAA). All scholarship recipients are required to file the FAFSA application. For further information, contact the Metropolitan Campus Office of Athletics at 201-692-2208.


New Jersey Programs

There are a variety of New Jersey state-funded financial aid programs including: academic scholarships, need-based grants and loans. For students to be eligible for any of these programs, students must be matriculated, maintain satisfactory academic progress, and be a New Jersey resident. Students also must file the Free Application for Federal Student Aid (FAFSA) by February 15 every year. Each of the New Jersey State (NJS) programs available at the University is detailed as follows:

NJS Scholarship Programs

NOTE:  Students must have previously received awards from the program to receive funding for fiscal year 2011 for either of these scholarship programs.
NJS E.J. Bloustein Distinguished Scholars Program
The highest achieving high school students are selected as NJS E.J. Bloustein Distinguished Scholars. These students are in the top 10 percent of their classes and have a minimum combined SAT score of 1260, or are ranked first, second or third in their class at the end of their junior year. Distinguished scholars are offered an annual award of $1,000 without regard to financial need; however, the student must be matriculated as a full-time student.
NJS Urban Scholars Program
Additional high-achieving students attending public schools in the state's urban and economically distressed areas (as defined by the State of New Jersey Department of Education) may be selected as NJS Urban Scholars. Students who rank in the top 10 percent of their classes and have a grade point ratio of at least a 3.00 (on a 4.00 scale) at the end of their junior years are considered for the urban scholars program. Urban scholars are offered an annual award of $1,000 regardless of financial need; however, the student must be matriculated as a full-time student.

Need-based NJS Grant Programs

NJS TAG Award
Tuition Aid Grant (TAG) valued up to $10,236 per academic year is awarded to students who have resided in New Jersey a minimum of 12 months prior to receipt of the grant. In addition, students must be enrolled full-time at a New Jersey college or university. The TAG award is determined upon the "need" of the student as supplied by the information on the FAFSA.
The New Jersey State Educational Opportunity Fund (EOF) provides financial assistance and support services to economically and educationally disadvantaged students. To be eligible, students must be New Jersey state residents for at least 12 consecutive months and meet state established income guidelines. Applicants must be full-time, matriculated students to receive the EOF grant awards valued up to $2,500 per academic year (traditional fall and spring semesters only). All EOF program participants must attend a Pre-freshman EOF Summer Program. Only first-time, full-time freshmen and EOF transfer students are eligible to be admitted to the EOF program.
NJ CLASS Loan Program
The NJCLASS loan program is a credit-based loan program for either the student or the parent. Applicants may borrow up to the cost of education less any other financial aid. Applications are available at the Office of Financial Aid. For additional information regarding repayment and deferment of NJCLASS loans contact the New Jersey Higher Education Student Assistance Authority at http://www.hesaa.org/

FDU Grants for Undergraduates

The University offers need-based funding and grants, in addition to its extensive scholarship program. Any student wishing to apply for need-based University financial aid must file the FAFSA. To renew any need-based University financial aid, the applicant must:
  • maintain satisfactory academic progress
  • register for classes for the subsequent semester
  • maintain full-time enrollment (minimum of 12 credits per semester)
  • resubmit the FAFSA to the U.S. Department of Education no later than February 15
  • submit all requested documentation for verification (if selected by the Department of Education) to the Office of Financial Aid.
The University’s Need Grant provides up to $20,000 per academic year (traditional fall and spring terms only) for a maximum of four years. Eligibility is determined through filing the FAFSA. Renewal of the grant is subject to academic progress, fulltime enrollment and continued financial need.
An annual grant of $1,500 is available to undergraduate sons and daughters of Fairleigh Dickinson University alumni. This grant is based upon full-time enrollment only. The student must indicate on the University Admissions application that either the father or the mother is a Fairleigh Dickinson University graduate.
Fairleigh Dickinson University pioneered a unique family tuition aid plan, allowing immediate family members of qualifying full-time students to receive substantial reductions in undergraduate tuition if they attend the University. Under the plan:
  • Families with two or more dependent children attending as full-time undergraduate students receive a $1,500 grant for each child enrolled simultaneously.
  • Parents or grandparents of an enrolled, dependent full-time undergraduate may take undergraduate courses on a space-available basis and receive a $750 reduction in tuition costs per semester. Maximum individual benefit for each parent or grandparent attending full- or part-time will not exceed $1,500 annually.
  • Spouses or dependent children of full-time graduate students may take undergraduate courses on a space-available basis and receive a $750 reduction in tuition costs per semester. Maximum individual benefit for each spouse or child will not exceed $1,500 annually.
Students enrolled in Wroxton College and summer session, inter-sessions, mini-sessions or other special sessions are not eligible for the Family Plan.
Applications must be filed once a year. Other types of financial aid may also apply. Forms are available at each campus Office of Financial Aid.
Any prospective student recommended to the University by an alumnus/a or a University Trustee is eligible for a one-time $1,000 grant for the first year of attendance. To qualify for this grant, the student must have submitted a complete Admissions Application along with the Alumni-Trustee Endorsement Grant Referral Form to the Office of Admissions no later than January 15. The applicant must be enrolled as a full-time, matriculated student carrying at least 12 credits per semester during their first year of attendance. 

Federal Programs

Federally Funded Financial Aid Programs
There are a variety of need-based federally funded financial aid programs, including Pell and SEOG grants, Perkins and Stafford Loans, Veterans' Educational Benefits, as well as Work Study Programs. To be eligible for any of these programs, students must be matriculated, maintain satisfactory academic progress and file the FAFSA (Free Application for Federal Student Aid) by February 15 every year. Each of the federal programs available at the University is detailed as follows:

Federal Grant Programs

Federal Pell Grant
A Federal Pell Grant is federal gift assistance that does not need to be repaid. Undergraduate students enrolled for a minimum of three credits per semester may be eligible. Eligibility is determined upon data received from the FAFSA application. Grants range from $609 to $5,350 per academic year.
Federal Supplemental Educations Opportunity Grant (FSEOG)
An FSEOG is for undergraduates with exceptional financial need — that is, students with the lowest EFCs — and gives priority to students who receive Federal Pell Grants. An FSEOG doesn’t have to be paid back. A student must be registered for a minimum of six credits per semester. FSEOG awards usually range from $200 to $2,000 per academic year.
Federal Scholarship for Disadvantaged Nursing Students (FSDS Grant)
The FSDS grant is for “needy” students matriculated in the Fairleigh Dickinson University nursing program. Students may be enrolled part-time; however, he/she must demonstrate tremendous need via the information supplied on the FAFSA. For additional information, please contact the director of the School of Nursing and Allied Health.
Federal Nurses Training Grant
The Federal Nurses Training Grant is a program designed to encourage nursing students to work at “understaffed” regions and hospitals upon graduation. Essentially, the student agrees to work in one of these areas for a minimum period of time in exchange for the grant. Students who apply for this grant must complete and sign an application/agreement with the director of the School of Nursing and Allied Health in addition to filing the FAFSA.

Federal Work Programs

Federal College Work Study
The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. Students awarded funds may be assigned positions either on campus or off campus at cooperating nonprofit community service agencies. Annual awards usually range from $750 to $1,500. Federal Work Study positions are coordinated and processed by the Office of Career Management on each campus. A Federal Work Study student may not work more than 20 hours per week and no more than seven hours in one day. Students are paid biweekly.

Federal Veterans' Educational Assistance Programs

Post-9/11 G.I. Bill
The Post-9/11 GI Bill is for individuals with at least 90 days of aggregate service on or after September 11, 2001, or individuals discharged with a service-connected disability after 30 days.  You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill.  The Post-9/11 GI Bill will become effective for training on or after August 1, 2009.  This program will pay eligible individuals:
  • Tuition and fees directly to the school not to exceed the maximum in-state tuition and fees at a public Institution of Higher Learning.
  • A monthly housing allowance based on the Basic Allowance for Housing for an E-5 with dependents at the location of the school.
  • An annual books and supplies stipend of $1,000 paid proportionately based on enrollment.
  • A one-time rural benefit payment for eligible individuals (see comparison chart for more information).
For more information about the Post-9/11 GI Bill, please visit this website: http://www.gibill.va.gov
Yellow Ribbon Program
Fairleigh Dickinson University is proud to participate in the Post-9/11 GI Bill Yellow Ribbon Program which will allow any eligible veteran to enroll in any FDU undergraduate or graduate program for little or no cost.  Only individuals entitled to the maximum benefit rate (based on service requirements) may receive this funding.  Therefore, you may be eligible if:
  • You served an aggregate period of active duty after September 10, 2001, of at least 36 months;
  • You were honorably discharged from active duty for a service connected disability and you served 30 continuous days after September 10, 2001; 
  • You are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a veteran's service under the eligibility criteria listed above.
For more information about the Yellow Ribbon Program, please visit the website http://www.gibill.va.gov/GI_Bill_Info/CH33/Yellow_Ribbon.htm.
The Montgomery G.I. Bill
As provided under Chapter 30 of the Montgomery GI Bill, students that entered the military after June 30, 1985, are eligible for educational benefits if the elected to reduce their monthly salary by $100 for the first 12 months of active duty.  Monthly allowances are paid by the U.S. Department of Veterans Affairs directly to the student/veteran based upon the number of credits for which the student has enrolled during a given semester.  Payment for tuition to the University is the responsibility of the student.  In addition to the University registration forms, veteran students must complete a Veteran Program Card at the beginning of each semester. 
VA Vocational Rehabilitation
The VA Vocational Rehabilitation Bill - Chapter 31 incurs the cost of tuition, fees and books.  Eligible veterans must apply directly with Richard Manus of the Department of Veteran's Administration, 20 Washington Place, Second Floor, Newark, NJ  07102.
Other Veterans' Administration Educational Benefits
Additional Veterans' Educational Benefits are available for the dependants and widows of veterans that die of service-related causes.  Individuals in the Selected Reserve (Chapter 106) and those that contributed to the Veterans Education Assistance Program (VEAP-Chapter 32) also may be eligible for VA educational benefits.  For additional information regarding Veterans' Educational Benefits, contact the State of New Jersey Department of Military and Veteran Affairs State Approving Agency, PO Box 340, Eggert Crossing Road, Trenton, NJ  08625.

Federal Loan Programs

Federal Perkins Loans
A Federal Perkins Loan is a low-interest) loan for both undergraduate and graduate students with financial need.  The Federal Perkins Loan Program is administered through Fairleigh Dickinson University. Students must be enrolled minimally half-time per semester to be eligible. The average loan offered is $500 to $3,000 per academic year. The principal and interest of the loan is deferred while the student maintains enrollment of at least six credits per semester. Upon graduation (or ceasing enrollment of six or more credits), students have a nine-month grace period before commencing repayment. The interest rate (after the grace period) is 5 percent per year; the minimum quarterly payment is $150. For further detailed information regarding loan repayment, deferment and cancellation provisions, contact the Fairleigh Dickinson University Office of Student Loans and Repayment at 201-692-2082 or 201-692-2083.
Federal Stafford Loans
Eligibility for either Stafford loan is based upon 'need' as determined by the information submitted on the FAFSA. Borrower limits for Stafford Loans are as follows:
  • $3,500.00 for freshmen,
  • $4,500.00 for sophomores and
  • $5,500.00 for juniors and seniors.
The cumulative aggregate Stafford Loan debt a student may incur is $23,000.00.
Subsidized Stafford Loans are 'interest free' while the student is enrolled at least half-time (6 credits). Students are required to begin repayment six months after leaving school or dropping below six credits. The interest rate is variable and set annually.
Unsubsidized Stafford Loans are available to students who do not qualify for a Subsidized Stafford loan. However, students are responsible for the interest on the loan while enrolled in school. Students may choose to have the interest capitalized.
Federal Nursing Loan Program
Students enrolled as matriculated nursing students with “exceptional financial need” as determined by the information supplied on the FAFSA may apply for a Federal Nursing Loan. The student must maintain at least a half-time enrollment. Annual awards range from $500 to $2,000 per academic year. Contact the Fairleigh Dickinson University Office of Student Loan and Repayment (201-692-2082 or 201-692-2083) for further details regarding repayment and deferment of Federal Nursing Loans.
Federal PLUS Loan Program
The Federal PLUS Loan is a credit-based loan program for the parent or guardian of the undergraduate student. Parents of matriculated students enrolled at least halftime may borrow up to the cost of education less any other financial aid received by the student per academic year. Repayment of the PLUS Loan begins 60 days after disbursement of the funds to the University. Parents have up to 10 years to repay the loan with a minimum payment of $50 per month. To be eligible for a PLUS loan, the student must file the FAFSA and the parent (as well as the student) may not be in default on his/her fed.



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