Federal and State Aid Programs
Goldey-Beacom College awards funds to eligible undergraduate or graduate students from the below federal and state aid programs.
Each program has specific eligibility requirements that an undergraduate or graduate aid applicant must meet before the student is determined eligible to receive an annual award. For a complete listing of federal and state funding sources available to qualified students, go to Federal Student Aid. Current GBC students who have questions about the federal and state aid programs can speak to an advisor.
Federal Aid Programs
Federal Pell Grant Program
The Federal Pell Grant Program makes funds available to eligible students attending Goldey-Beacom College. The amount of funds awarded is based upon the student's financial aid eligibility. Pell Grant awards for 2019-20 have a maximum award up to $6,195. Students interested in applying for the Pell Grant can do so by filing a Free Application for Federal Student Aid (FAFSA).
Federal Supplemental Educational Opportunity Grant Program (FSEOG)
The Federal Supplemental Educational Opportunity Grant Program is a grant program from which funds are awarded based upon the student's Pell Grant award and available campus-based funds. Eligibility is determined according to a need analysis, which is calculated from the information processed on the FAFSA. FSEOG awards range from $100 to $4,000 per year. Grants are awarded to eligible students until federal allocated funding is exhausted.
Federal Work-Study Program (FWS)
The Federal Work-Study Program is a federally-funded program through which students with demonstrated financial need are awarded funds that they may earn by working at jobs on and off campus. The College partners with outside educational organizations to fulfill community service requirements. In addition, on-campus community outreach activities occur. Wages are paid directly to the student on a monthly basis. Students are required to file a FAFSA to establish eligibility.
A student who has been awarded Federal Work-Study is not guaranteed to earn the amount of the award. The student is required to apply and interview for available positions. Job availability is based on the needs of the College and the institution's Federal Work-Study allocation from the Federal Government. Federal Work-Study (FWS) paychecks are issued directly to the student at the 15th of each month following the month that the student worked. The money may be used for indirect educational expenses such as living expenses.
Federal Direct Loan Program
The College participates in the Federal Direct Loan program, which makes funds available to eligible undergraduate and graduate students. Students are required to file a FAFSA to determine eligibility for the program. A master promissory note and entrance counseling must be completed using the https://studentaid.gov website before a student loan can be awarded to new borrowers. Students interested in learning more about the Federal Direct Loan Program are encouraged to visit https://studentaid.gov.
Federal Direct PLUS Loans
The College participates in the Federal Direct PLUS Loan program, which makes funds available to eligible parents of undergraduate students. Parents who are interested in learning more about the program can visit https://studentaid.gov and select "Parent." A valid FAFSA must be on file for the student to initiate parent borrower eligibility.
State Aid Programs
Delaware Scholarship Incentive Program
Eligible state residents must be enrolled full-time in a degree program at a Delaware college to receive aid from the Delaware Scholarship Incentive Program. Awards are variable and will not exceed tuition, fees, and books. Students must file a Free Application for Federal Student Aid (FAFSA) before April 15.
Pennsylvania Higher Education Assistance Agency (PHEAA)
The Pennsylvania Higher Education Assistance Agency awards grants in varying amounts to eligible students who are Pennsylvania residents attending a Delaware institution of higher education. Goldey-Beacom College is a participating institution with the Pennsylvania Higher Education Assistance Agency. Pennsylvania residents who would like to be considered for a PHEAA grant must file a PHEAA application form in addition to a Free Application for Federal Student Aid (FAFSA). The application deadline is May 1.
GBC is committed to providing an affordable education!