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Loans & Resources

 

Free Application for Federal Student Aid (FAFSA)

Applicants for all loans must submit the FAFSA to the federal processor no later than May 1 of each year.

 

Federal Perkins Loan Program

Up to $2,000 is awarded annually for graduate students who have the greatest financial need. This is a need-based, 5% loan. Applicants must have an FAFSA application on file in the Office of Financial Aid, be a citizen of the United States, and be enrolled or accepted for enrollment (six-credit minimum) at Clarion University. Applications are available at the Office of Financial Aid after April 15 of each year.

 

Federal Stafford Loan Program

This program allows students to borrow from $8,500 to the full cost of tuition, including room, board, and fees.

Amounts available for graduate students are:

First Year : $8,500 to $18,500*
Second Year: $8,500 to $18,500*

*Current CU costs do not allow a loan for the Stafford maximum.

Interest does not accrue on loans awarded to students who demonstrate financial need, and students do not make any type of payment on this loan until after they graduate, withdraw, or enroll for less than six credits. Students who do not exhibit financial need can borrow unsubsidized Stafford loans and are required to make quarterly interest payments on their loans while they are enrolled. All Stafford loans for new borrowers are subject to a variable interest rate which does not exceed 8.25%. Checks are disbursed directly to Clarion University. Applications are available at local lending institutions after May 15 or on-line at

 

Additional Resources

Community Funds
Financial aid may be available in the form of grants, scholarships, community agencies, foundations, corporations, unions, religious organizations, clubs, and civic and cultural groups in your home town.

 

Veterans Benefits
The VA counselor is located in the Office of Financial Aid.

 

Further Information

Pennsylvania Loan Program
800-692-7392

Clarion University Office of Financial Aid
814-393-2315