Types of Financial Aid
Federal and State Financial Aid: The details about the various federal and state funded financial assistance programs available at Brenau University are given below. All federal financial and state assistance may be applied for by completing the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov unless otherwise noted.
Federal Pell Grant
The Pell Grant is a federal entitlement for Undergraduate students who demonstrate exceptional financial need and who have not earned a bachelor’s degree.
The Supplemental Educational Opportunity Grant is available in various amounts for Undergraduate students with exceptional financial need, with priority given to Pell Grant recipients and there are limited funds available.
Federal Perkins Loan
The Perkins Loan is a low-interest loan for students with exceptional need. Brenau University is the lender and there are limited funds available.
Federal Direct Loans
Federal Direct Loans are low-interest loans for students to help pay for the cost of a Student’s education. The lender is the U.S. Department of Education. Federal Direct Subsidized Loans are based on financial need. The federal government pays the interest during in-school, grace and deferment periods. Federal Direct Unsubsidized Loans are not based on financial need. The federal government does not pay the interest for these loans. Students may choose to defer interest payments until repayment begins; however, the student is responsible for all interest that accrues. You can review more information about federal student loans including interest rates online at www.studentloans.gov.
Parents of dependent undergraduate students and/or Graduate students may apply for a Federal Direct PLUS Loan at www.studentloans.gov by clicking on Start PLUS Application Process after signing in on the site (the parent should sign in). A PLUS Loan requires creditworthiness on behalf of the parent, and applying for PLUS credit approval creates a hit on your credit report. If you list Brenau University on your Parent’s PLUS application, we will be notified electronically regarding your eligibility to borrow funds. If a parent is denied a PLUS Loan as a result of credit pre-screening, the dependent student may be eligible to borrow additional Unsubsidized Federal Direct Loan funds. For more information about Federal Direct PLUS Loans as well as all other federal student aid programs, please visit www.studentaid.ed.gov.
Georgia Tuition Equalization Grant (GTEG)
The purpose of this grant is to provide tuition assistance to Georgia residents who wish to pursue an Undergraduate degree at a private college or university in Georgia. Eligible students must be enrolled full time (12 or more semester hours) in an undergraduate program of study. You may apply for the GTEG by either completing the FAFSA online at www.fafsa.ed.gov or completing the state grant application online at www.gacollege411.org.
Georgia’s HOPE Scholarship is available to Undergraduate Georgia residents who have demonstrated academic achievement. The scholarship provides money to assist students with their educational costs of attending college in Georgia.You may apply for the HOPE Scholarship by either completing the FAFSA online at www.fafsa.ed.gov or completing the state grant application online at www.gacollege411.org.
Student Access Loan (SAL) Program
Student Access Loan (SAL) Program The Georgia Student Access Loan is a loan of last resort for undergraduate Georgia residents who have a gap in their college financing. For specific eligibility information, deadlines and how to apply, please visit www.gacollege411.org
Other Financial Aid Options
Veterans Administration (VA) Educational Benefits
Any veteran, veteran’s dependent or active duty service person who qualifies for VA educational benefits may apply for those benefits through the VA. To be eligible to receive benefits students would first want to contact the VA directly to determine eligibility and then the student would want to complete Brenau’s VA Request Form. Once a student has registered for classes they would want to touch base with their financial aid counselor to have their enrollment certified and sent to the VA. The VA Request form can be found in the Financial Aid Forms section. For additional information about the various VA programs please view the Department of VA Affairs website: www.gibill.va.gov
Private Education Loans
Private education loans are credit-based loans offered by banks and other lenders to assist students who find they need additional funds to cover education-related expenses that may not be covered by other financial aid programs. Approval for a private education loan depends primarily on the credit score of the borrower (and co-signer, if one is required). Private education loans are typically considered a “last resort” type of educational funding; however, they are often a wiser financial option to cover indirect educational costs than using credit cards or home equity lines of credit.
For additional information on private education loans, including a list of historical Brenau lenders and loan products, loan program disclosures, and online applications, please click here.
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. At Brenau the grant is available only to students seeking a Master’s Degree in a high need teaching field. See the Forms section for more information about the Teach Grant program for graduate students.