State & Federal Financial Aid Programs
Students may be eligible for the following federal and state programs. Eligibility is based on the information supplied on the FAFSA and enrollment status each semester.
Federal Pell Grant
Students seeking assistance may apply for this need based federal grant by filing the FAFSA or Renewal FAFSA.
Federal Supplemental Educational Opportunity Grant
Urbana University awards these federal funds to undergraduate students who have high financial need. To apply, file the FAFSA or Renewal FAFSA. The amount of this grant varies and is awarded until funds are exhausted.
Ohio War Orphan Scholarship
Awarded to students whose parent served at least 90 days of active duty during a declared war or conflict and is severely disabled or deceased as a result of service. Applications are available from high school guidance counselors or veterans offices. The amount for 2014-15 academic year is $6,994; 2015-16 is not yet available.
Ohio National Guard Tuition Grant
This program is offered to eligible members of the National Guard. This grant pays the average state-assisted university’s tuition costs at private institutions recognized by the Ohio Department of Higher Education. The grant is available for undergraduate studies. For further information and application, contact a local Ohio National Guard Armory or the Ohio National Guard at 1800GOGUARD.COM or OhioNationalGuard.com.
Other Scholarship Resources
Student Loan Resources
Federal Direct Stafford and PLUS (Parent Loan for Undergraduate Students) Information:
Urbana University participates in the Federal Direct Loan Program. We process all Stafford and PLUS loans through the US Department of Education.
Federal Regulations require that all students borrowing Federal Stafford Loans complete entrance counseling prior to the initial disbursement of loan funds. Students may complete this requirement by visiting the Direct Loan Website and following the instructions. The Entrance Counseling session is at the top of the webpage. Please follow the counseling session until the very end and you receive confirmation of completion.
All borrowers of Federal Stafford and PLUS Loans are required to file a Master Promissory Note (MPN) with the US Department of Education, please click here to complete this requirement.
For general information regarding Stafford Loans and PLUS Loans; to view your account, or to print deferment or forbearance forms, visit the Direct Loan Website.
Federal Perkins Loan Information:
Students who are eligible to borrow a Perkins Loan must also complete entrance counseling and a Master Promissory Note. Both of these forms are available on the Financial Aid Forms Page. All Perkins Loans are serviced by ECSI, and you can visit their website to obtain forms and review your account, www.ecsi.net.
Private Student Loans
Once you and your family have considered [institutional and] federal loan options, you can use the Ohio Private Loan Marketplace to instantly and accurately compare rates and terms from multiple private loan lenders side-by-side. This will help you make an informed decision about the most appropriate loan for you. The Marketplace displays products from local and national lenders, complete with detailed listings of APRs, interest rates, total cost, monthly payments, borrower benefits, fees and repayment options. Please click on this link to access the Ohio Private Loan Marketplace http://ohio.privateloanmarketplace.com/urbana.
Students who pursue a private student loan are responsible for initiating this process and informing Urbana University of approval and certification information. There are private lenders who have decided not to participate in the Ohio Private Loan Marketplace, you may choose to borrow through those lenders, and Urbana University will be happy to certify your loan through the lender of your choice. Please keep in mind that Urbana University does not endorse any private lender, nor do we recommend using any one lender over another.