Loans

Federal Loans for Undergraduate Students and Online Learners

The Free Application for Federal Student Aid (FAFSA) is used to determine student loans and work study eligibility. Reinhardt’s Federal School Code is: 001589. Use only the official web address fafsa.gov to access the FAFSA. There are websites with addresses that are similar to fafsa.gov which charge a fee to redirect you to the correct governmental site. You will not be charged this fee if you use the official FAFSA site.

The U.S. Federal Government has many financial aid options to help offset the cost of an education.

The Free Application for Federal Student Aid (FAFSA) is the application that determines eligibility for all Federal Aid, including:

• Direct Student Loans: An undergraduate student may apply for a Federal subsidized and/or unsubsidized student loan to assist with education costs. Subsidized loans are available to students who have financial need. Unsubsidized loans are available to students who do not have financial need. Financial need is based on information entered on the FAFSA.
• Direct Parent Loans: The parents of an undergraduate dependent student may apply for this type of Federal loan to assist with education costs.
• Federal Work Study: Students who would like to participate in the work study program must have financial need based on information entered on the FAFSA.

Federal Loans for Graduate Students

William D. Ford Federal Direct Unsubsidized Student Loan

Eligible graduate students can receive $20,500 per academic year in this program. The aggregate loan limit is $138,500 for a graduate student (includes undergraduate loans awarded to you). You can check your student loan history at https://www.nslds.ed.gov. To be considered for this type of loan, you will need to complete the Free Application for Federal Student Aid (FAFSA). Here are steps to complete the FAFSA:

1. After being accepted into Reinhardt’s graduate program, apply for an FSA ID at fafsa.gov.
2. Gather the items needed for the Free Application for Federal Student Aid (FAFSA):
   1. Social security number
   2. Previous year’s federal income tax return (if eligible, use the IRS Data Retrieval Tool)
   3. Previous year’s W-2s
   4. Bank statements
   5. Investment information
   6. Untaxed income information
3. Complete the Free Application for Federal Student Aid (FAFSA): Applicants should complete the Free Application for Federal Student Aid (FAFSA) using Reinhardt Federal School code: 001589. The FAFSA is the application that determines eligibility for all Federal Aid, and it does not require a fee for submitting the form. Use only the official web address — fafsa.gov — to access the FAFSA. There are websites with addresses that are similar to fafsa.gov which charge a fee to redirect you to the correct governmental site. You will not be charged this fee if you use the official FAFSA site.
4. Complete these loan applications:
   1. Student Loan Request Form
   2. Student Loan Master Promissory Note
   3. Student Loan Entrance Counseling
5. Students will begin receiving communications from Financial Aid after they are admitted to the University.