Finlandia University - Types of Financial Aid

Types of Financial Aid

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Types of Financial Aid

Standard Scholarships and Grants

Federal Programs

Program	Amount
Federal Pell Grant	Up to $5,550
Federal Supplemental Educational Opportunity Grant	Varies
Federal Work-Study Program	Varies
Subsidized Direct Loan	Up to $5,500*
Unsubsidized Direct Loan	Varies*
Unsubsidized Loan for Parents (Direct PLUS)	Varies
Bureau of Indian Affairs	Varies
Veterans Administration Education Benefits	Varies

* Loan amounts are restricted by grade/credit level. Also, for first-time Stafford loan borrowers at Finlandia University - Due to federal regulations, the first disbursement of your Stafford loan funds for the first semester you attend/borrow loans will be 30 days after the first day of the semester. In addition, students that choose to do a loan request that has a loan period that is only one semester long will be subject to having two disbursements over the course of the semester. The second disbursement of the loan will NOT be released until the 60% point of the semester. This could possibly have an effect on the date you receive an overage check.

State of Michigan Programs

Program	Amount
Michigan Competitive Scholarship	Up to $1,512**
Michigan Tuition Incentive Program (TIP)	$84 per credit**

**Funding levels are dependent on state funding.