Financial Aid Brochure

OUR FINANCIAL AID PROCESS STARTS WITH THESE KEY STEPS:

Apply for scholarships early in your senior year of high school. Complete a scholarship application online at centralpenn.edu/scholarships.

Scholarship applications must be received on or before their deadlines.

Start the financial aid process by completing the following:

Create an FSA ID. You and a parent you live with (if applicable) need to create an FSA ID at studentaid.gov to electronically sign documents.

Complete the Free Application for Federal Student Aid (FAFSA) online at studentaid.gov starting October 1, using your and a parent you live with’s (if applicable) tax information. Our school code is 004890. COMPLETE BY: March 1.

Pennsylvania Residents: Complete the FAFSA by May 1 to be considered for a PHEAA State Grant. If you have any questions, talk to one of our financial planning coordinators by calling 1-800-759-2727.

Complete the Federal Direct Student Loan Entrance Counseling and Master Promissory Note at studentaid.gov.

Apply for alternative loans or our payment plan. Go to centralpenn.edu/financialaid for all of our loan and payment options.

The deadline to apply for financial aid for the 2023-2024 academic year is March 1, 2023.

NOTE: Only students who are accepted to Central Penn and who have a completed financial aid file will receive a financial aid award letter. We encourage you to be accepted and complete the financial aid forms by March 1, 2023.

RECEIVE FINANCIAL

AN AFFORDABLE EDUCATION

What kinds of financial aid are available?

Financial aid is available for those who qualify in the form of scholarships, grants, loans, work-study positions and alternative resources. The Financial Aid Office will work with you on an individual basis to determine what types of financial aid work best for you.

SCHOLARSHIPS

Money awards that do not have to be repaid. Visit centralpenn.edu/scholarships to see application criteria and deadlines.

ACADEMIC SCHOLARSHIP

The Academic Scholarship is available to students who demonstrated academic excellence throughout their four years of high school.

Scholarship recipients will be awarded $1,000 a term for up to 10 terms. Up to ten students are awarded annually.

Recipients are selected on the following criteria:

Must be a 2023 high school graduate and enroll in the summer or fall 2023 academic term

Must be continuously enrolled as a full-time, day, degree-seeking student

Must have a high school GPA of 3.5 or higher Must maintain a 3.0 GPA College must receive admissions application and 500-word essay by the following deadlines: Early bird: December 1 Scholarship review: March 1

EXCELLENCE SCHOLARSHIP

The Excellence Scholarship is awarded to students accepted to Central Penn who have a 3.5 GPA or higher. Scholarship recipients are awarded $2,000 to be used toward their first six terms of tuition.

Recipients are selected on the following criteria:

Must be a 2023 high school graduate and enroll in the summer or fall 2023 academic term

Must be a full-time, day, degree-seeking student

Must have a 3.5 GPA or higher

REGIONAL SCHOLARSHIP

2022 and 2023 High School Graduates!

2022 and 2023 high school graduates from Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry and York counties with a GPA of 2.5 or higher, may qualify for the Regional Scholarship. Scholarship recipients will be awarded $3,000 to be divided over their first three terms of tuition.

Recipients are selected on the following criteria:

Must be a 2022 or 2023 high school graduate starting either the summer or fall 2023 academic term

Must be a resident of Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York counties

Must enroll as a full-time, degree-seeking student

Must be continuously enrolled

Must have a high school cumulative GPA of 2.5 or higher

Only non-waitlisted programs are eligible

Must maintain a 2.5 GPA

College must receive a completed 500 word essay application:

Please describe for the scholarship committee how your hometown community contributed to your success?

KEYSTONE SCHOLARSHIP

2022 and 2023 high school graduates from this year’s county have the opportunity to be awarded a $3,000 scholarship to be divided over their first three years of tuition. Up to 15 scholarships will be awarded. Talk with your admissions counselor to see if you qualify.

Must be a 2022 or 2023 high school graduate starting either the summer of fall 2023 academic term

Must be a resident of this year’s county Must be continuously enrolled as a full-time, degree-seeking student

Must have a high school cumulative GPA of 2.0 or higher

Must maintain a 2.0 GPA

College must receive a completed 500 word essay application:

Please describe for the scholarship committee how your hometown community contributed to your success?

OPPORTUNITY SCHOLARSHIP

The Opportunity Scholarship awards students $500 a term for up to 10 terms. Up to 10 students are awarded this scholarship annually.

Recipients are selected on the following criteria:

Must be a 2023 high school graduate and enroll in the summer or fall 2023 academic term

Must be continuously enrolled as a full-time, day, degree-seeking student Must have a high school GPA of 2.8 or higher

Must maintain a 2.8 GPA College must receive a completed admissions application and 500-word essay by the following deadlines:

Early bird: November 15 Scholarship review: February 1

EARLY START SCHOLARSHIP

The Early Start Scholarship is available to new students who get an “early start” on their education by enrolling in Central Penn’s summer academic term, which begins in July. Recipients will be awarded $2,000 divided over their first four terms of study at Central Penn. Up to 50 new students are awarded the Early Start Scholarship annually.

Recipients are selected on the following criteria: Must enroll in the summer 2023 term

Must enroll as a full-time, day, degree-seeking student

Physical Therapist Assistant students are not eligible

No application required, just verification of the above information

TRANSFER STUDENT SCHOLARSHIP

The Transfer Student Scholarship is available to students who transfer at least 30 academic credits from another accredited institution. Scholarship recipients will be awarded up to $1,500 to be divided over their first six terms. The Transfer Student Scholarship is awarded to all qualified applicants.

Recipients are selected on the following criteria: Must transfer at least 30 academic credits from another accredited institution

Must enroll as a full-time, degree-seeking student

Must have a college GPA of 2.5 or higher

Must maintain a 2.5 GPA

FBLA/DECA SCHOLARSHIP

The FBLA/DECA Scholarship is available to student members of the FBLA or DECA club. Scholarship recipients will be awarded $1,000 divided over their first three terms.

Recipients are selected on the following criteria:

Must be a 2023 high school graduate and enroll in the summer or fall 2023 academic term Must enroll as a full-time, day, degree-seeking student

Must be an active member in FBLA or DECA during high school senior year Must have FBLA/DECA advisor information on application

Must have a high school GPA of 2.5 or higher

Must maintain a 2.5 GPA College must receive completed application by the following deadlines:

Early bird: December 1 Scholarship review: March 1

LEGACY SCHOLARSHIP

The Legacy Scholarship is available to full-time student applicants who are children, siblings or grandchildren of a Central Penn graduate. Scholarship recipients will be awarded $1,500 divided over their first three terms. The Legacy Scholarship is awarded to all qualified applicants.

Recipients are selected on the following criteria:

Must enroll as a full-time, degree-seeking student

Must be a child, sibling or grandchild of a Central Penn graduate

Must have a high school GPA of 2.5 or higher Must maintain a 2.5 GPA College must be notified prior to the start of the enrollment term

There is no application, just verification of the above data

PRIVATE SCHOLARSHIP MATCHING PROGRAM

The Private Scholarship Matching Program is available to students who have been awarded an outside scholarship (Scholarship funds awarded to a student through an agency or other source outside of Central Penn College to be used toward Central Penn College tuition). Scholarship recipients will be awarded matching funds up to $1,000. Private Scholarship Matching Program funds are awarded to all qualified applicants.

Recipients are selected on the following criteria: Must enroll as a full-time, degree-seeking student

Must submit outside scholarship award letter prior to the start of the term to qualify

All information regarding awarded scholarships must be received one week before enrollment date

PENNSYLVANIA GRANT MATCH FOR OUT-OF-STATE STUDENTS

The Pennsylvania Grant Match for Out-of-State Students is awarded to students who meet the Central Penn GPA and Expected Family Contribution requirement of the Pennsylvania Higher Education Assistance Agency (PHEAA), but are not Pennsylvania Residents. The recipients will be awarded an amount as determined by PHEAA.

Recipients are selected on the following criteria:

Must be a 2023 high school graduate and enroll in the summer or fall 2023 term Must live on campus

Must have completed a 2023-2024 FAFSA, have a completed financial aid package and meet the EFC requirement as outlined by PHEAA (Pennsylvania Higher Education Assistance Agency)

Must have a high school GPA of 2.8 or higher

Must maintain a 2.8 GPA

Must be continuously enrolled

HOUSING SCHOLARSHIP

FREE HOUSING*

Students can live rent-free in on-campus housing, saving $5,800 every year. Over four years, that’s $23,000+!

First-year students live in the super suites, which feature single bedrooms, comfortable and modern furniture, technology ports and a roomy gathering space.

Centralpenn.edu/HousingScholarship

Qualified students will still be responsible for tuition, utilities and meal plan costs. centralpenn.edu/freehousing

*Central Penn College’s free housing initiative is contingent upon the approval of the college’s Board of Trustees and available housing capacity. The initiative may be discontinued at any time at the college’s discretion.

centralpenn.edu

GRANTS

Money awards that do not have to be repaid.

PELL GRANT

The PELL Grant is awarded by the U.S. Government based on financial need. It is limited to those students who do not have a bachelor’s degree. Eligibility is based on a calculation from a government formula.

PHEAA GRANT

The Pennsylvania Higher Education Assistance Agency (PHEAA) Grant provides assistance to bona-fide Pennsylvania residents who are enrolled in a two or four-year program and do not have their bachelor’s degree.

SEOG GRANT

The Supplemental Educational Opportunity Grant (SEOG) is available to students who demonstrate financial need, similar to a PELL grant and have a completed financial aid file. Awards are administered on a first come, first served basis.

LOANS

Money awards that must be repaid.

FEDERAL DIRECT STAFFORD LOAN

Students have an opportunity to take out a loan in their name; no co-signers or credit checks are needed for this loan. Loan repayment, usually with interest, begins six months after the student graduates, leaves the college or drops below six credits. Students can receive one or both of the following:

(1) Subsidized Need-based - The Federal Government pays the interest on the loan while the student is in school until repayment begins.

(2) Unsubsidized Non-need-based - The student is responsible for paying the interest while in school unless he or she chooses to capitalize the interest. Capitalizing the interest means the student will not make interest payments while in school, but the interest that accumulates will be added to the principal of the loan.

FEDERAL DIRECT PLUS LOAN

This loan is for parents who want to borrow additional funds to help pay for their student’s education. Parents may borrow the cost of attendance minus the financial aid received by the student. Loan repayment, usually with interest, begins 60 days after the last disbursement of the loan. Parents must demonstrate credit worthiness for the PLUS loan.

PRIVATE LOANS

Private loans are designed to help families bridge the gap between direct cost and the financial aid received. The loans vary in interest rates, repayment and conditions. Loan repayment, usually with interest, will begin after the student graduates, leaves the college or drops below six credits.

JOB OPPORTUNITIES

FEDERAL WORK-STUDY PROGRAM

This is a need-based federal

program that provides an opportunity for

to earn money while earning their degree. Students can work between or after classes. Students must demonstrate financial need and be willing to work. The Financial Aid Office will post positions that are available on and off campus; students are required to apply for a position and are paid at least minimum wage.

ALTERNATIVE RESOURCES

Outside agencies and organizations can provide additional funding to qualified applicants.

or GI Bill® benefits and Vocational

benefits are available to qualified students. Explore your guidance office, libraries, churches, banks, civic and professional organizations, and your parents’ employers for other sources of scholarship money.

FOUNDED: 1881

LOCATIONS: Summerdale, Pa.

CAMPUS: 58 acres; 5 academic buildings, 33 super suites, 6 apartment buildings

ENROLLMENT: Approximately 1,000 students

STUDENT PROFILE: 95% of Central Penn students are from Pennsylvania; the remaining 5% primarily are from New Jersey, Maryland, New York and Florida.

PROGRAMS: 30+ career–focused programs

DEGREES OFFERED: Master’s, bachelor’s and associate, along with certificate programs.

AVERAGE STUDENT TO FACULTY RATIO: 15 to 1

SCHEDULE: Four start dates available in January, April, July and October. Our accelerated terms offer two-week breaks every 11 weeks

RESIDENTIAL LIVING: Single room super suites and apartments available for residential students.

FREE HOUSING: Students can live rent-free in on-campus housing, saving $5,800 every year. Over four years, that’s $23,000+!

ACCREDITATION: Central Penn College is accredited by the Middle States Commission on Higher Education, 3624 Market Street, Philadelphia, PA 19104 (267.284.5000; web: www.msche.org). The Middle States Commission on Higher Education is an institutional accrediting agency recognized by the U.S. Secretary of Education and the Council for Higher Education Accreditation. Status: Member since January 1977. Approved Degree Levels: Postsecondary Award/Cert/Diploma, Associate’s, Bachelor’s, Master’s.

*Central Penn is committed to a policy of nondiscrimination in compliance with all applicable federal and state statutes. Educational programs, activities and employment at the college are provided to individuals without regard to marital status, race, color, national origin, sex, age, religious creed, handicap, or health, except as shall be reasonably necessary in the judgment of the college to prevent the introduction, transmission or spread of communicable diseases or to preserve and protect the general health and safety of the college.