Scholarships, Grants and Loans
Your financial aid package could contain a variety of scholarships, grants, work study, or loans, depending on your need and merit-based awards. Listed below is an overview of each type of financial aid program. Be sure to click through the links for additional information.
Institutional aid and scholarships are considered gift aid—meaning you do not have to pay them back—and come directly from Fontbonne. Institutional scholarships pay only toward tuition. If you receive grants or scholarships that are required to pay towards tuition (i.e. tuition exchanges, tuition remissions, some Federal scholarship programs, and some private scholarship programs), your institutional scholarships will be reduced. Should you receive any type of grant or scholarship which is not required to pay toward tuition, your institutional aid will not be changed.
Outside scholarships are awarded through third-party sources, including businesses and non-profits. Each outside scholarship generally requires its own separate application and other requirements. Visit our Outside Scholarship Database to discover some of these scholarship opportunities.
Loans and Financing
Loans are a reality for most students attending college today. Since loans must be repaid with interest, we encourage our students to borrow the bare minimum needed to meet their expenses.
Federal Direct Loans: Subsidized
The Subsidized Direct loan is available to students who have filed the FAFSA and demonstrate financial need. This loan is subject to both yearly and aggregate limits, as defined by the U.S. Department of Education. A Direct Loan Master Promissory Note and Entrance Counseling must be completed by the student before loan money is released to the school.
Federal Direct Loans: Unsubsidized
The Unsubsidized Direct loan is available to students who have filed the FAFSA, and does not require financial need. This loan is subject to both yearly and aggregate limits, as defined by the U.S. Department of Education. A Direct Loan Master Promissory Note and Entrance Counseling must be completed by the student before loan money is released to the school.
The Perkins Loan provides a long-term federal loan to undergraduate students with demonstrated need. The amount of the loan varies. The funding is limited and awarded on a first-come, first-served basis. Fontbonne University is the lender of funds composed of both federal and university monies. A Perkins Loan Master Promissory Note and Entrance Counseling must be completed by the student before loan money is released to the school.
Parent PLUS loan
Federal Parent Loans for Undergraduate Students (PLUS) are available to the parents of dependent, undergraduate degree-seeking students. This is a non-need based loan and its availability is based upon a credit check and should only be applied for after eligibility for the Stafford Loan has been determined. The loan limit is the budgeted cost of education minus other financial aid.
Federal Grad PLUS Program
The Grad PLUS Loan is a low interest, federally backed student loan guaranteed by the U.S. Government for students pursuing a Graduate level degree. Like its undergraduate counterpart, the Grad PLUS Loan can be used to pay for the total cost of education less any aid you’ve already been awarded. Also, like the undergraduate version, eligibility for the Graduate PLUS Loan is dependent on the borrower’s credit rating.
Alternative (Private) Loans
Alternative, or private, loans are credit-based products from independent lenders. If the borrower does not have established credit, a co-signer is recommended. Visit our Alternative Loan information for loan details, comparison tool and links to online applications. We have options for students and parents.
Higher One Tuition Pay Plan
Fontbonne partners with Higher One to provide our students with an interest-free, monthly payment plan. To learn more information or to sign up, please visit Higher One or speak with a Fontbonne Business Office representative at 314-889-1405.
State and Federal Grants
Grants come from both the State government and the Federal government and many do not have to be repaid. Listed below are some common types of grants that our students can be eligible to receive.
The Pell Grant is a Federal grant for undergraduate students enrolled at least half-time at a college or university. Eligibility is determined by the Federal Department of Education, and the maximum eligibility is for 12 semesters. Awards will vary depending upon the student’s registration and Expected Family Contribution (EFC), calculated from the FAFSA.
Federal Supplemental Education Opportunity Grant (FSEOG)
The funds for a Federal Supplemental Education Opportunity Grant (FSEOG) are appropriated by the Federal Government and made available through institutions of higher education to full-time, degree-seeking undergraduate students who have exceptional financial need. There is limited funding for this grant and it is awarded on a first come, first-served basis.
The TEACH grant is a federal grant for students who are pursuing coursework needed to begin a career in teaching. Recipients of the TEACH grant must complete four years of teaching in a high-need field at a low-income school. Failure to complete the service requirements will result in the conversion of the grant to an unsubsidized loan. Interested students should contact their financial aid counselor to see if they are eligible for the grant.
Access Missouri Financial Assistance Program/Access MO
The Access Missouri Grant is a State-sponsored program for all undergraduate Missouri residents enrolled full-time at a Missouri college or university with a 2.5 cumulative GPA or higher. The student’s FAFSA must be processed no later than March 31 to have their eligibility reviewed by the State. Access Missouri Grant Awards are not finalized until Fontbonne receives official notification from the State as to each student’s award status; therefore, the amount on your award letter is an estimate until final regulations are passed.
In cooperation with the Office of Career Development, the work study job board is located on Purple Briefcase. Be sure to search “Work Study” under “Job Category”. See a position you like? If so, please contact the Department Contact for more information and/or to schedule an interview.
Questions? Contact the Financial Aid Department: 314-889-1414 | firstname.lastname@example.org