At Gannon University, we recognize that financial constraints should not hinder your aspirations for higher education. Our comprehensive financial aid program is designed to make a Gannon education accessible to all deserving students, regardless of their financial circumstances.
Exploring Funding Options
Our financial aid packages may include a combination of grants, scholarships, loans, and work-study opportunities.
Grants & Scholarships
Gannon offers a wide range of grants and scholarships based on merit, need, and special circumstances. These funds do not need to be repaid.
- Federal Pell Grant: For eligible undergraduate students with financial need.
- Federal Supplemental Educational Opportunity Grant (FSEOG): For exceptional financial need.
- Gannon University Grants: Awarded based on academic merit, financial need, or special circumstances.
Loans
Loans must be repaid after graduation or when you drop below half-time enrollment. Gannon offers both federal and private student loans.
- Federal Direct Subsidized Loans: For eligible undergraduate students with financial need.
- Federal Direct Unsubsidized Loans: For both undergraduate and graduate students, regardless of need.
- Federal Direct PLUS Loans: For parents of dependent undergraduate students or graduate students.
Work-Study Program
The Federal Work-Study program allows eligible students to work on or off campus to earn money towards their educational expenses.
Application Process
To be considered for financial aid, submit the following documents:
- Free Application for Federal Student Aid (FAFSA): Determine your eligibility for federal and state aid.
- Gannon University Financial Aid Application: Required for university-specific scholarships.
- Official transcripts
- Citizenship documentation: For non-U.S. citizens
Important Deadlines:
- Priority Deadline: March 15th for incoming freshmen and January 15th for transfer students
- Final Deadline: Varies depending on the academic year
Common Mistakes to Avoid
- Missing Deadlines: Submit your financial aid applications by the specified deadlines to avoid delays or ineligibility.
- Incomplete Applications: Ensure you provide all required documentation and information.
- Ignoring Work-Study Opportunities: Work-study can be a valuable way to supplement your income and gain work experience.
- Insufficient Research: Explore all available funding options, including external scholarships and grants.
Pros & Cons of Financial Aid
Pros:
- Accessibility: Financial aid enables students from all backgrounds to pursue higher education.
- Reduced Financial Burden: Grants and scholarships minimize the cost of education, reducing the need for excessive loans.
- Work Experience: Work-study programs offer valuable job skills and networking opportunities.
Cons:
- Debt: Loans require repayment after graduation, which may increase your financial obligations.
- Repayment Challenges: Students with limited income or unstable employment may struggle to repay loans.
- Potential Impact on Credit: Defaulting on loans can negatively affect your credit score.
Frequently Asked Questions
Q: How can I estimate my financial aid package?
A: Use the Gannon University Financial Aid Net Price Calculator to estimate your eligibility and potential costs.
Q: What if my financial circumstances change?
A: Notify the Financial Aid Office immediately, as changes may affect your eligibility for aid.
Q: Can I receive financial aid for online or graduate programs?
A: Yes, Gannon University offers financial aid for all eligible students, regardless of their program or study format.
Q: How do I apply for scholarships?
A: Research external and university-specific scholarships that align with your interests and qualifications. Submit separate applications as required.
Conclusion
Gannon University’s commitment to financial aid is unwavering. By providing a range of funding options, we empower students to overcome financial obstacles and achieve their educational goals. We encourage you to take advantage of our resources and explore every opportunity to make your Gannon journey affordable.
Additional Resources
- Gannon University Financial Aid Office: https://www.gannon.edu/student-financial-planning/
- Federal Student Aid: https://studentaid.gov/
- College Board’s BigFuture: https://bigfuture.collegeboard.org/pay-for-college/financial-aid