Federal Aid can assist with expenses.

Steps to Apply:

For students and their families who are applying for need based aid such as federal grants, work study, and low interest loans, it is imperative to apply as soon after January 1 as possible. Because funds are limited, the earlier you apply, the more likely your chances to receive the maximum aid for which you qualify.

Students should complete the following procedures each year to receive financial aid:

  1. Apply for admission to HMHS CU if not a current student.
  2. Apply for federal student financial aid by filing the Free Application for Federal Student Aid (FAFSA) on the Internet at www.fafsa.ed.gov

Important: Be sure to list HMHS Carielian University as one of the colleges to receive the results of your evaluation. Our code number is 014698. Remember, applying early improves your opportunities for the best aid package.

Financial aid is available to those who qualify. Schedule an Appointment studentaid@hmhscu.org

The following information is provided by the U.S. Department of Education to help simplify your understanding of financial aid and motivate you to get started!

FEDERAL AID

Filling out the FAFSA:
The basic function of the FAFSA (Free Application for Federal Student Aid) is to calculate your “Expected Family Contribution,” or EFC. This number is calculated using information that you provide about you or your family’s income and assets. The amount of aid (grants, student loans, and work-study) you may be qualified to receive depends on your EFC. It also figures in the cost of your attendance and whether you are a full- or part-time student. Here’s a simplified explanation of how it works:
Cost of Attendance – Expected Family Contribution = Amount of Aid Given
There are several ways to complete your application.
You can:
1) Fill out your FAFSA online at www.fafsa.ed.gov
2)Download a PDF version of the form at http://studentaid.ed.gov
3)Call 1-800-4-FED-AID to request a paper form
The online route is the fastest way to go. Not only will it likely be processed more quickly, you can also sign into the website to find updates on the status of your application. You can also print the PDF form, fill it out, and then use that to answer the questions online.
Gathering the Required Documents
Before filling out the FAFSA, you should prepare yourself by gathering all necessary information and documents.

Run down this checklist to make sure you have everything you need to get started:

  • Social security number
  • Driver’s license (if you have one)
  • Alien Registration Number (if you are not a U.S. citizen)
  • Records of money earned in the previous year including W2s and 1099s. For example, if you are applying for aid in 2018, you will need your 2017 records
  • Previous year’s tax return. If you have not done your taxes, you still must calculate your adjusted gross income and taxes by following the IRS instructions
  • Records of any non-taxable income, such as social security benefits, temporary assistance for needy families, child support received and veteran’s benefits
  • Records of any Federal Work-Study earnings
  • Records of grants, scholarships and fellowship aid, Student Aid on the Web:
  • http://studentaid.ed.gov – This site is administered by the U.S. Department of Education, and offers extensive information on options for financial aid. You’ll also find tips on filling out your FAFSA.

Grants.gov: http://www.grants.gov

  • Grants.gov allows individuals and organizations to electronically find an application for federal grants. The site is updated often with new grant opportunities.

Work-Study Programs

  • The Federal Work-Study Program helps provide part-time jobs for undergraduate, graduate, and professional students with financial need. It enables students to earn money that could help pay education expenses. The program encourages community service work and tries to offer work related to your course of study. Each school has work-study programs specific to that particular school. Some students may be eligible to begin upon enrollment and others may have to wait until they have obtained a certain amount of credits. Please contact your school’s financial aid office for more information.
  • By working through a Federal Work-Study Program, you may gain practical experience that could help your job search after graduation – and show future employers you can balance the demands of school and work. For more information please visit https://studentaid.ed.gov/sa/types/work-study

Federal Student Aid Summary

  • The following is a summary of the U.S. Department of Education’s Federal Student Aid Programs.
  • Federal Student Aid Program
  • Types of Aid
  • Program Details
  • Annual Award Amounts for qualifying students

Federal Pell Grant

  • Grant: generally does not have to be repaid
  • Available almost exclusively to undergraduates
  • Up to $5,920
  • Federal Supplemental
  • Educational Opportunity
  • Grant (FSEOG)

  • Grant: generally does not have to be repaid
  • For undergraduates with exceptional financial need;
  • priority is given to Federal Pell Grant recipients; funds depend
  • on availability at school Up to $4,000
  • Federal Work-Study Money is earned while attending school; does
  • not have to be repaid
  • For undergraduate and graduate students; jobs can be on campus or off campus;
  • students are paid at least minimum wage
  • No annual minimum or maximum award amounts
  • Federal Perkins Loan Loan: must be repaid with interest 5% loans for undergraduate,
  • graduate and professional students; payment is owed to the school that made the loan
  • $5,500 maximum for undergraduate students; $8,000 maximum for graduate and professional students

Direct Subsidized Loan Loan:

  • must be repaid with interest
  • Student is not typically charged interest on loan during certain periods;
  • For loans first disbursed on or after July 1, 2017 and before July 1, 2018,
  • interest rate is at 3.76% Up to $5,500 depending on year in school and dependency status.

Direct Unsubsidized Loan Loan:

  • must be repaid with interest
  • For undergraduate and graduate students; borrower is responsible for all interest during all periods;
  • financial need not a requirement;
  • for loans first disbursed on or after July 1, 2017 and before July 1, 2018 interest rate is 4.45% for undergraduate students and
  • 6% for graduate and professional students
  • Up to $20,500 (minus any subsidized amount received during the same period) depending on year in school and dependency status

Direct PLUS Loan

  • Loan: must be repaid with interest
  • Available to parents of dependent undergraduate or graduate and professional degree students;
  • financial need is not required. For loans first disbursed on or after July 1, 2016 and before July 1, 2017, interest rate is 7%
  • Maximum amount is cost of attendance minus any other financial aid the student receives;
  • no minimum amount

Helpful Phone Numbers:

  • Federal Student Aid Information Center (FSAIC): 1-800-4-FED-AID (1-800-433-3243)
  • TTY users (for the hearing-impaired) can call 1-800-730-8913
  • Callers in locations without access to 800 numbers may call 1-319-337-5665 (not a toll-free number)

Merit and Need-Based Scholarships

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