Gift aid (grants/scholarships) for part-time students is based on their financial need as determined by the FAFSA. Because part-time students are charged on a per-credit basis, there is no institutional financial aid available (other than the Part-time Studies Scholarship). The most common sources for gift aid are:
- Federal Government
- Federal Pell Grant - Annual amount: up to $4,163 for 9-11 credits; up to $2,775 for 6-8 credits
Qualifications: Students who file the Free Application for Federal Student Aid (FAFSA) and demonstrate eligibility determined by the U.S. Department of Education.
- Federal Supplemental Educational Opportunity Grant (SEOG) - Annual amount: up to $100
Qualifications: Students who file the Free Application for Federal Student Aid (FAFSA) and demonstrate exceptional need as determined by the U.S. Department of Education.
- State Government
- Wisconsin Grant (formerly WI Tuition Grant) - Annual amount: up to $2,175 for 9-11 credits; up to $1,450 for 6-8 credits
Qualifications: Wisconsin resident who files the Free Application for Federal Student Aid (FAFSA) and demonstrates financial need. Awarded by the Wisconsin Higher Educational Aids Board to students based on a pre-determined formula.
- Information on additional Wisconsin Grants - http://www.heab.state.wi.us/programs.html
- Carroll University
- Part-Time Studies Scholarship - Semester Amount Varies.
Qualifications: The Part-time Studies Scholarship is available for part-time students (degree seeking or education certification) in good academic standing. Applications are due in early August and December for the fall and spring semesters, respectively. Contact the Part-time Studies Office at 262-524-7216 for an application.
Loan programs are available for students and parents. There are two forms of student loans - government-guaranteed loans and private loans that require a co-signer. The government-guaranteed loans are called Subsidized Stafford Loans and Unsubsidized Stafford Loans. Limits are placed on how much students can borrow based on their year in school. These loans are long-term loans with no repayment while the student is in school. Any student who files the FAFSA is eligible to receive this loan regardless of their economic situation. Alternative loans are student loans that typically require a co-signer and are taken out through a bank. Terms vary based on the bank that is used.