Financial Aid for Part-Time Students

In an effort to make a Arcadia University education accessible to all students, financial aid opportunities are also provided to part-time undergraduate students accepted as matriculating students in a degree or certificate program. The following types of aid are available to part-time, matriculating undergraduates at Arcadia University: 

  • PHEAA State Grant: Need-based grant available to Pennsylvania residents who are matriculating and taking at least 6 credits/semester. The estimated maximum part-time award for the 2013-14 academic year is $2,181/year or $1,090/semester.
  • Pell Grant: Need-based grant available to matriculating students taking at least 3 credits/semester. Annual 2013-14 Pell grant amounts for part-time students range from $555-$4,163 depending on total credits and financial need.
  • The Federal TEACH Grant:  The Federal TEACH Grant program is designed to benefit prospective teachers.  To receive this award ($4,000 annual award for full-time students taking 12 or more credits/semester, $3,000 annual award for three-quarter-time undergraduates taking 9-11 credits/semester; $2,000 annual award for half-time students taking 6-8 credits/semester and $1,000 annual award for those taking less than 6 credits/semester), students must be currently completing coursework necessary to begin a career in teaching, or plan on completing coursework necessary to begin a career in teaching  Students must have at least a 3.25 GPA for each payment period (or enter with a cumulative 3.25 GPA or better from high school (if an undergraduate) or their undergraduate degree (if a graduate student) or have a score above the 75% percentile on an admissions test, such as SAT, ACT or GRE.  Students must teach full-time for at least 4 years within 8 years of comleting a program as a highly qualified teacher at a Title I school in a specified subject area (math, science foreign language, bilingual education, special education, as a reading specialist or other "high need" field).  Students must sign a TEACH Grant agreement and if service is not met, the grant(s) must be repaid as a Federal Direct Unsubsidized Stafford Loan, with interest accruing from the date of original disbursement of the Grant. Please note, as a result of federal sequestration funding cuts, all TEACH Grants will be reduced by 7.2% effective October 1, 2013. For more information, visit and


  • Federal Direct Stafford Loan: 

How to Apply for a Federal Direct Stafford Loan 

The Federal Direct Stafford Loan is the basic student loan available to all students, regardless of financial need. It is the educational loan most students borrow first, before all others. If the loan is subsidized, the government will pay the interest while the student is in school. If the loan is unsubsidized, the student has the option of capitalizing the interest or of paying the interest quarterly during the in-school period. Payment of the principle itself, on both the subsidized and unsubsidized loans, does not begin until six months after graduation, provided the student remains enrolled on at least a half-time (6 credits) basis. Repayment period is ten years. The interest rate on Federal Direct Subsidized and Unsubsidized Stafford Loans for undergraduates is a "fixed-variable" rate of 3.86% for the 2013-14 year. The Direct Loan origination fee effective July 1, 2013 will be 1.072%.

Example: A student borrowers a $5,500 Federal Direct Stafford Loan for the year. Net proceeds a student will receive on a $5,500 Stafford Loan=$5,441, split over two disbursements, once the 1.072% origination fee is deducted.

Maximum annual loan limits based on grade level for dependent undergraduate students are as follows: 

  • $3,500 Subsidized* + $2,000 Unsubsidized: Freshmen (0-26 credits earned)  
  • $4,500 Subsidized* + $2,000 Unsubsidized: Sophomore (27-56 credits earned)
  • $5,500 Subsidized* + $2,000 Unsubsidized: Junior/Senior (57 + credits earned)

*Whether loan is Subsidized is based on financial need as determined by the FAFSA. If student as no financial need, total annual Unsubsidized Stafford Loan eligibility would be: $5,500 as a freshman, $6,500 as a sophomore, $7,500 as a junior or senior.

Maximum annual loan limits per grade level for independent undergraduate students or for dependent undergraduate students whose parents are denied on the federal PLUS Loan are as follows:

  • Freshman: $3,500 Subsidized* Stafford + $6,000 Unsubsidized Stafford
  • Sophomore: $4,500 Subsidized* Stafford + $6,000 Unsubsidized Stafford
  • Junior & Senior: $5,500 Subsidized* Stafford + $7,000 Unsubsidized Stafford



To Apply for a Federal Direct Stafford Loan for summer 2013/fall 2013 and/or spring 2014: 

1. Click to complete a .2013-2014 Undergraduate Student Federal Direct Stafford Loan Acceptance Form

2. Click to complete the Federal Direct Stafford Loan MPN*.  Federal PIN required.

3. Click to complete a Federal Direct Stafford Loan Entrance Counseling session*.

*Required only for first-time Federal Direct Stafford Loan borrowers.

See Arcadia's Title IV Code of Conduct for more information.


    Federal Direct PLUS Loan: These federal, educational loans are available to credit-worthy parents of dependent students enrolled at least half-time, regardless of financial need, and are borrowed directly through the University and the U.S. Department of Education (no lender/bank required). Parents can borrow up to the cost of attendance minus other financial aid received. Repayment begins within 60 days of the second disbursement arriving at the Institution (2nd disbursement typically arrives in January so repayment begins in March). Deferments may be available upon request. Repayment period is ten years. The interest rate on a federal Direct Parent PLUS Loan is fixed at 5.41%.  The Direct PLUS Loan origination fee effective July 1, 2013 is 4.288% (i.e.-a 4.2888% fee is charged by the Federal government and deducted from loan proceeds). 

To apply for a Federal Direct PLUS Loan:

1.  Click to complete a 2013-14 Federal Direct Parent PLUS Pre-Approval Form.   (This enables the University to perform a credit-check on borrower's behalf.)

2.  Click to complete a Federal Direct PLUS MPN* (Master Promissory Note).  Federal PIN required. 

Those approved on a Federal Direct PLUS Loan will receive an email notification of the approval, as well as a revised award letter reflecting the Federal Direct PLUS Loan.  Those denied on the basis of credit will receive an email notification.  In the event that a parent of a dependent undergraduate student is denied for the PLUS Loan on the basis of his/her credit, the federal government automatically allows the student to apply for an additional Federal Direct Unsubsidized Stafford Loan that would be in his/her name, of $4,000/year as a freshman or sophomore; $5,000/year as a junior or senior. A parent must apply for the Federal Direct PLUS Loan and be denied annually for student to qualify.

*Only required for first-time Federal Direct PLUS borrowers.  MPN is good for up to ten years.

Alternative Student Loans:  These loans are private, educational loans deferred in most cases until 6 months following graduation, available to matriculating undergraduates enrolled at least half-time.  Interest rates are variable and interest accrues during the in-school period. Loans are credit-based and cosigners may be required depending upon borrower's credit history. More information on alternative student loans is available at

  • The Yellow Ribbon Program:  Arcadia is a participating Yellow Ribbon institution.  The Yellow Ribbon GI Education Enhancement Program is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008.  This program allows post-secondary institutions in the United States to voluntarily enter into an agreement with the V.A. (Veteran's Administration) to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate.  The institution can contribute up to 50% of those expenses and VA will match the same amount as the institution.   The V.A. will reimburse up to $19,198/year for net tuition and fees ("net" tuition fees is the amount after institutional merit scholarships are deducted) at Pennsylvania schools for 2013-14, for those at 100% benefit level.  Arcadia and the V.A. will cover the remaining balance after that for tuition, along with the V.A. (each contributing 50% of the remaining amount as a match).  The Yellow Ribbon Program is available to undergraduate and graduate students.

Please remember that you must be eligible for the Post-9/11 GI Bill at the 100% rate to be considered for the Yellow Ribbon Program.  You must also notify the Office of Financial Aid at the time you apply for financial aid by notating on the Arcadia University Financial Aid Application that you qualify for Yellow Ribbon Program benefits.  Failure to notify the Financial Aid Office before you are awarded other financial aid could impede your eligibility for Yellow Ribbon benefits.  If you receive any merit scholarship, grant or Graduate Assistantship, the monetary value of these awards will be null and void if you qualify for Yellow Ribbon benefits since these typically apply toward tuition costs only.  More information is available at:

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