FAQs

Financial Aid Frequently Asked Questions

You’ve Got Questions; We’ve Got Answers

We understand financial aid can be confusing. To help, we’ve compiled a list of answers to some of the most common questions students ask about financial aid.

Go ahead and take a look. If you don’t find the answer to your question, please contact your Enrollment Counselor. If you don’t have their information available, give us a call and our Call Center can connect you.

Reference Galen’s Cost of Attendance Learn More

FAQs About Financial Aid

Cost may be a factor in your decision to attend. Most Galen students receive some type of financial assistance. Financial Aid Advisors help students get financial assistance information.

Available resources for those who qualify include:

Federal Pell and Supplemental Educational Opportunity Grant (“SEOG”) grants
Federal Subsidized and Unsubsidized Stafford Loans
Veteran’s educational benefits
Cash payment plans
Private student loan programs

Yes! Many prospective students can be surprised by how much financial aid they qualify for.

In addition, there are a few sources of aid that are available regardless of financial need. The FAFSA is free to apply and can be completed online at  studentaid.gov.

Most of your federal aid, if you qualify, will go towards covering the cost of tuition.

If you need money for living expenses, you may need to look into private loans. We advise you to consider this aspect before you begin applying for college.

You can view your previous student loans and Pell Grant history online at  studentaid.gov. You will need your FSA ID login to view this page.

You may be able to request an in-school deferment, which would allow you to defer payments until you graduate or withdraw from your current school.

Contact your loan servicer(s) for details. You can find out who your loan servicers are online at studentaid.gov.

With most federal loans, you are given a 6-month grace period during which no payment is due after you graduate or withdraw from school.

The grace period gives you time to prepare financially and to select your repayment plan.

Financial aid is based on your financial need (as defined through the FAFSA) and not on your credit rating. If you have a defaulted student loan, however, or owe a Pell Grant overpayment, you are not eligible for further financial aid until it is resolved.

Access the U.S. Department of Education Federal Student Aid website at StudentAid.gov. This excellent resource offers information about preparing for college, the types of aid available, eligibility requirements, and much more.

And remember, you can always reach out to your Galen Financial Aid Advisor for assistance.