Types of Financial Aid

The Office of Financial Aid processes student financial assistance through financial aid which includes grants, loans, and student employment from a variety of sources. Students must re-file the FreeĀ Application for Federal Student Aid (FAFSA) every academic year (as early as October 1st) at www.studentaid.gov. The Office of Financial Aid can offer assistance throughout the application process.

The following types of financial aid are available to qualifying applicants:

Scholarships

The College offers a number of institutional scholarships each year. Many are renewable from year to year provided students maintain Satisfactory Academic Progress and continuous enrollment. For a full listing of scholarships offered by the College, visit https://www.prescott.edu/affordability. Students are also encouraged to do their own searches for external scholarships as well. Information is available at this same Website location above.

Federal and Institutional Grants

Grants are need-based and do not have to be repaid. Students are automatically considered for federal and Prescott College need-based grant funds by completing the FAFSA.

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FESOG)
  • Prescott College Grants
  • Federal TEACH Grant

Arizona State Grants

Offered through the Arizona Commission for Postsecondary Education (ACPE):

  • Leveraging Education Assistance Partnerships (LEAP), funding permitting
  • Arizona Teacher Student Loan Program (formerly Math, Science, and Special Education Teacher Loan Forgiveness program), funding permitted.

For application and eligibility information visit the ACPE website at https://azgrants.az.gov/.

Federal Direct Loans

Loans are borrowed funds that must be repaid with interest. Students are automatically considered for federal student loans by completing the FAFSA. The College participates in the William D. Ford Federal Direct Loan Program. The following loans are offered through this program:

  • Federal Direct Subsidized and Unsubsidized Loans
  • Federal Direct Parent Loan for Undergraduate Students (PLUS) Loan
  • Federal Direct Graduate PLUS loan

Private Loans for Education

A private/alternative loan is a credit-based educational loan. Terms and conditions are set by individual lenders. Students unable to qualify on their own may need to obtain a co-borrower/co-signer. Students may borrow up to their established Prescott College cost of attendance less any other financial aid funds and resources. For more information on private loan lenders, visit https://www.prescott.edu/admissions/financial-aid/loans/private-loans- for-education

Work Programs

The College offers three types of employment opportunities for students:

  • Federal Work Study
  • Prescott College Student Employment Program
  • Paid, credit-bearing internships

Visit https://www.prescott.edu/admissions/financial-aid/student-employment-workstudy for more information on employment opportunities available on campus and in the Prescott community.