Federal Grants and Loans

Community Service and Leadership Scholarships: WPU offers scholarships to recognize Pacers who exemplify qualities of leadership and community service. Upon admittance, select students will be nominated by WPU Admissions Counselors and awarded the Community Service and Leadership Scholarships, from $250 – $1,500 per year. This scholarship is renewable for an additional three years of study at William Peace University provided that the recipients maintain good standing with satisfactory academic progress (SAP). This grant applies to tuition and fees. Academic Excellence and Academic Achievement Awards: WPU offers scholarships to meritorious students that have demonstrated academic excellence by completing rigorous high school coursework including Advanced Placement, International Baccalaureate, and Honors courses. These merit-based grants are renewable for an additional three years of study at William Peace University, provided recipients maintain William Peace University provided recipients maintain good standing with satisfactory academic progress (SAP). This award grant applies to tuition and fees.

Renewability of University-Funded Aid

There are limited funds for the above listed scholarships. The Board of Trustees can change these limitations at any time. Students must maintain certain standards for annual renewability. It is the student’s responsibility to know what those standards are and to maintain them at all times during the awarded time of the scholarship and/or grants.

Federal Grants and Loans

Various federal grant and loan programs are available. Staff members in the Office of Financial Aid are available to assist families and students in the use of these programs.

Federal Pell Grant

This federally sponsored grant is available to eligible students with high financial need attending approved post-secondary institutions. To apply, the student must complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. Rules and regulations governing this program are subject to changes made in federal policies.

Federal Supplemental Educational Opportunity Grant (FSEOG)

This federally sponsored grant is awarded to students with significant financial need. The amount of the grant is determined by available funds and results of the Free Application for Federal Student Aid (FAFSA). The FSEOG Program is designed as a supplement to the Federal Pell Grant. A student should submit a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov each year. Funds for this program are limited and awarded on a first come, first served basis until funding is exhausted each year.

Federal Direct Loan Program

This is a federally sponsored loan program which is administered through the University and the Department of Education. There are two types of Federal Direct Loans: subsidized and unsubsidized. Federal Direct Subsidized Loans are awarded based on demonstrated financial need. Applicants are required to submit a FAFSA in order to determine eligibility. Loan amounts vary depending on eligibility and year in school. The federal government will pay the interest while enrolled at least half-time (six credit hours) and during grace or deferment periods on Direct Subsidized loans. Those who do not demonstrate financial need may still qualify for a Federal Direct Unsubsidized Loan in which the student is responsible for interest. The unsubsidized loan offers two interest repayment options: 1) quarterly payment of interest during school or 2) deferment of interest until after school. If a student elects to defer interest, interest is added to the principal.