Financial Aid Information

Welcome

Welcome

Welcome to Financial Aid

 

FAFSA Information

The 2026-2027 FAFSA will provide your financial aid for the following semesters; Fall 2026, Winter 2026, Spring 2027, & Summer 2027

https://studentaid.gov

You can complete your FAFSA and federal loan documents at this website. 

 

Payment Options

Need a loan to help cover your balance?
Information on Private Educational Loans (via the ELM Select link) and Federal Direct Parent PLUS Loans (for dependent students) and Federal Direct Graduate PLUS Loans (for returning graduate students) is included below.

 

Loan Confirmation Information (Federal Direct Student Loans)

You are required to formally accept, reduce, increase (where applicable) or cancel the Federal Direct Student Loan(s) for which the College has certified your eligibility.  You must be enrolled for a minimum of 6 credits per semester in order to be eligible for the Federal Direct Student Loans. Click on Loan Confirmations on the selections on the left-hand sidebar. 

 

Handouts

Federal Direct Loan Information

Federal Direct Student Loans are included as part of a student's financial aid package.  Students who remain enrolled at least half-time may defer payments on these loans until six months after leaving school.  The FAFSA form is the application for Federal Student Loans.  New borrowers will receive instructions by email after July 1st to complete an electronic Master Promissory Note and Entrance Counseling session. Please note new OBBB regulations with Federal Direct Student Loans starting July 1, 2026:  Students enrolled less than full time (6-11.5 credits) will have their Federal Direct Student Loan prorated based on their enrollment status.  

 

 

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Download Federal Direct Student Loans

Parents of dependent students are able to borrow through the Federal Direct Parent PLUS Loan.  A credit check is required.  Please see information sheet attached and Instructions.    

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Download Federal Direct Parent Plus Loan - Parent (Dependent students ONLY)

OBBBA Notice: Federal Direct Graduate PLUS Changes (Effective July 1, 2026)
Under the One Big Beautiful Bill Act (OBBBA), the Federal Direct Graduate PLUS loan program will be eliminated effective July 1, 2026.

Legacy Provision (continuing eligibility): If you have received a Federal Direct Loan made before July 1, 2026 while enrolled in a credentialed program, you may continue borrowing from the Federal Graduate PLUS program for an additional three academic years or the remainder of your expected time to credential, whichever is less.  If you are not eligible under the legacy provision, you may not be able to obtain a Graduate PLUS loan for periods after July 1, 2026.  

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Download Federal Direct Graduate Plus Loan (Independent Graduate students ONLY)

Private Education Loan Information

A list of private educational loans is available at http://www.elmselect.com
 
Private Educational Loans are available based on credit approval.  Private Educational Loans are made in the student's name with a credit-worthy co-signer and can take 1-2 weeks to process.  The maximum amount that may be borrowed is the school's cost of attendance minus any other financial aid.  For some loan programs, principal and interest may be deferred while the student is enrolled in the school at least half-time.  Fees and interest rates for these types of programs vary greatly and depend upon the credit criteria of the borrower (student) and co-signer.