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Financial Aid

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Grants

Loans

Partime and Work-study Employment

 
  

Grant and Loan Information

Grants

  • Federal Pell Grant is a grant for undergraduate students. Pell Grants generally will be paid for fall and spring semesters only. For students enrolled less than half time, awards are made contingent on Federal funding.
  • Federal Supplemental Educational Opportunity Grant (SEOG) is a grant for exceptionally needy undergraduate students. Funding is limited and Pell eligible students will receive first consideration to the extent that funding is available.
  • Montana Higher Education Grant (MTEDUC) awards is made through joint funding from the State of Montana and the Federal government. Awards are based on need and made only to Montana residents.

 

Loans

Loans for college costs are financial aid that must be repaid in the future. Loans may be made to the student or the student’s parents to assist in paying college costs. Loans represent the major source of assistance available at UGF. Student loan repayment begins after the student ceases half-time attendance. Depending on the total amount borrowed, repayment schedules may extend up to 30 years. The total indebtedness last year for an average graduating student was $21,350. Certain deferment and forbearance terms may apply for the benefit of the borrower in cases of economic hardship. All students receiving loans are required to attend entrance loan counseling and debt management prior to the receipt of funds. Students are also entitled to receive an exit loan counseling session that details the debts incurred at UGF.

  • Federal Perkins Loan awards are based on need and made from a limited revolving student loan fund administered by the university for the benefit of the Federal government. Priority consideration is given to high need students. Because it is a campus-based aid fund, it is awarded on a first-come, first-served basis until the fund is exhausted. Repayment begins nine months after the student ceases to be enrolled half time, usually after graduation. There are provisions for deferred repayment and cancellation of loans. Details of specific deferments are available from the Financial Aid Office.
  • Federal Subsidized Stafford Student Loans. The Federal government provides a guarantee and interest subsidy to participating lenders to make funds available to students. The amount a student may borrow is the lesser of demonstrated need or the yearly loan limit for their grade level. Repayment begins six months after the student ceases half-time enrollment.
  • Federal Unsubsidized Stafford Loans are available to independent students who may not qualify for a Subsidized Federal Stafford Loan or whose needs go beyond Subsidized Stafford Loan Eligibility. The Federal government only guarantees the loans; the student is required to pay the interest both while in school and in repayment. The student may choose to defer the interest while in school but should understand that the interest costs are added back to the balance owed (this is called capitalization).
  • Federal Parent Loan for Undergraduate Students (PLUS) is available to parents of dependent students. Eligibility is determined by subtracting all other aid from the cost of attendance. These loans are credit based.
  • Private or Alternative Loans are available from a number of different sources. They can be used to fill the unmet need between the financial aid package and the Cost of Attendance. See your bank or the Financial Aid Office for more details on banks that may have these types of loans available. (Click here for loan information.)

Students who have taken out a loan must complete loan counseling prior to receiving their first disbursement. The dates and times that group entrance interviews or individual sessions are offered are available in the Financial Aid Office. During students’ last semester in school they are required to attend an exit interview to provide information about students’ rights and responsibilities.

 

Part-time and Work Study Employment

Students find numerous opportunities for part-time employment on campus. Working on campus is a great option because university employers are often more flexible in scheduling work hours around class schedules, and transportation and travel time are seldom a problem. The University of Great Falls employs students in a variety of jobs. Students work as library assistants, food service, computer lab monitors, maintenance, housekeeping, and clerical jobs to name a few. Contact the Career Services Office for an application.

Items needed for employment:

• Resume
• Class schedule
• Application
• Social security card
• Photo ID

After placement, the department contacts students to set up interviews. The university’s human resource representative helps complete all necessary payroll forms before students begin working. For information about student employment contact Career Services at 406-791-5216.

 

 

 

University of Great Falls, 1301 20th Street South, Great Falls, Montana 59405 • Contact

1-800-856-9544