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TYPES OF FINANCIAL AID


Financial aid is an available resource to help you meet your educational costs. Although students and their families are ultimately responsible for paying all educational expenses, aid programs, such as grants, scholarships, loans, and work programs, have been developed to assist in funding your education.  In addition, there are other resources available to students.  Please note that not always 100% of your educational expenses are covered by financial aid.

If you receive a scholarship or grant from a source other than the federal or state government or UPT, you are required to report that award to our office.  You can do so by sending a written statement providing information about the outside scholarship/grant or by sending us notification you received from the organization that made the award.  We are required by the federal government to monitor the total amount of financial aid each student receives from all sources.

Grants -

Grants are a form of financial aid, based on need, which you generally do not have to repay.  You must complete the FAFSA to determine eligibility for the following grants:

Federal Pell Grants
Eligible students are awarded grants from the federal government in amounts ranging between $523 to $4,731 without repayment requirements.

All Federal Grants are based on need as determined by the FAFSA.

State Grants
Every student should apply to his/her state scholarship program for assistance. For Commonwealth of Pennsylvania residents, you can apply for the Pennsylvania State Grant by completing the FAFSA. The necessary information will automatically be sent to AES/PHEAA and you will be notified of your eligibility. Pennsylvania State grant awards ranged from $400 to $4,200 for the 2006-2007 year. For students from other states, you should check to see whether your state provides grant assistance that can be used at UPT.

Academic Competitiveness Grant (ACG) – Up to $750 per year available to first year students that graduate from high school after 1/1/2006 and up to $1,300 per year available to second year students that graduate high school after 1/1/2005 and that have a 3.0 or cumulative higher GPA after their freshman year.  The criteria for eligibility are as follows: Pell eligible, a US citizen, enrolled full time, and completion of rigorous high school program.

National SMART Grant – Up to $4,000 available to third and fourth year undergraduate students who major in certain math, science, technology or certain critical foreign languages and maintain a 3.0 CUM GPA.  Limited to students who are Pell eligible, a US citizen, and enrolled full time.

Federal Supplemental Educational Opportunity Grants (FSEOG)
Federal grants awarded to eligible students without repayment requirements.

Other grant information can be found under the "Pay for your education" link at www.students.gov.

Scholarships

The types, sources, application processes, amounts and criteria vary enormously for scholarships awarded outside of UPT.   For information regarding scholarships offered by UPT click here.

Funding sources and agencies include:

  • Civic groups
  • Churches
  • Charitable foundations
  • Fraternal organizations
  • Hospitals
  • Unions
  • Businesses

Students can research scholarships at the library or a number of free scholarship searches on the internet.  When researching scholarships be wary of scholarship scams.  Information regarding scholarship scams can be found on the The Federal Trade Commission's web-site at http://www.ftc.gov/scholarshipscams.

Suggested web-based scholarship sources include:  www.fastweb.com, www.scholarshipexperts.com, www.brokescholar.com, and www.schoolsoup.com

SELF-HELP AID

Loans - a form of financial aid that needs to be paid back.   Click here for more information regarding loans. 

FEDERAL WORK STUDY - Need based aid funded by the federal government and the school.  If the student works, money is paid directly to them via a monthly paycheck.  Work study is not deducted from the billing statement.  For For more information on Work Study, please visit: http://www.upt.pitt.edu/upt_hr/workstudy.html

*An award of work-study does not guarantee a position; all jobs are filled through the discretion of individual departments. 

OTHER RESOURCES

MILITARY:

Veterans Administration (VA) benefits are available to all honorably discharged veterans who contributed to the Montgomery Bill Education Fund during their enlistment. Applicants must complete an Application for Veterans Educational Benefits (VA form 22-1999) and submit this form to the Financial Aid Office, who will certify enrollment with the VA. (VA forms are available through the Financial Aid Office)

PA National Guard members may be eligible for the PA Education Assistance Program (EAP). Information regarding eligibility for the EAP can be obtained through the Personnel Officer of each National Guard Unit. The Financial Aid Office will Certify enrollment and complete the necessary paperwork for the NG members to receive funding.

Army Reserve members also have educational benefits for which they can qualify, including the Montgomery Bill Education Fund. The Financial Aid Office will certify enrollment with the VA.

VOCATIONAL REHABILITATION:

Students with disabilities may qualify for educational benefits by applying to the Office of Vocational Rehabilitation (OVR) serving your community. Application and evaluations are conducted by OVR to determine eligibility. It is strongly recommended that applications begin early to allow for evaluations and counseling by OVR to determine eligibility and program of study. Funding is determined by OVR based on program and financial need.

 


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