FEDERAL STUDENT AID (FAFSA)
Federal financial aid includes Pell Grant, Direct Student Loans and PLUS loans. The federal government gives these funds to enrolled students who meet their basic eligibility criteria. Follow this link for more information about Federal Student Aid.
A Federal Pell Grant is awarded to undergraduate students who have not earned a bachelor’s or other professional degree. Financial need – determined through the FAFSA – will determine if a student is eligible to receive Pell Grant funds. In most cases, Pell Grants do not require repayment.
Students may qualify for additional Pell grant funds when attending all three terms. Additional Pell grant eligibility will display in your student portal 24-48 hours after registering for your off-track/third term.
DIRECT STUDENT LOANS
Direct Subsidized and Unsubsidized student loans accrue interest and require repayment. Students must enroll in at least six (6) program applicable credits to receive federal loan funds. Current federal loan interest rates and information on the origination fee can be found here.
While a student is enrolled in at least 6 credits during a semester, the federal government pays for (subsidizes) the interest that accrues on the loan. The student will be responsible for the interest when they drop below six (6) program applicable credits for longer than 6 months or graduate.
Interest begins to accrue 30 days after the funds disburse to the student.
A PLUS loan is taken out by the parent of the student to assist with their educational expenses. Repayment of this loan is the responsibility of the parent and begins once the loan fully disburses. Information on how to apply, the current interest rates, and information on the origination fee can be found here.
Academic and general need based scholarships are awarded on an academic year basis through the BYU-Idaho Scholarship Application, which must be completed each year for continued consideration. Students have access to the application from October 1st through February 1st. The application must be completed on a yearly basis for continued consideration. For more information about BYU-Idaho Scholarships click here.
These scholarships are awarded to students through agencies other than the University. These scholarships will have their own applications and requirements. We encourage students to search and apply for these opportunities, as the deadlines usually occur early in the year. To assist you in your scholarship search, we’ve gathered a few resources here.