St. Andrews looks forward to partnering with you on the Financial Aid process. Our Free Application for Federal Student Aid code is 001540 and will show as Webber International University.
FASFA Website – https://studentaid.gov/h/apply-for-aid/fafsa
We award grants based on financial need. These grants include the Federal Pell Grant and SEOG. While both grants are based on the results of the FAFSA, Pell is set by every year by Congress and SEOG is limited funding by the Department of Education. SEOG Awards can range from $500 – $4,000 depending on the results of the FAFSA, when the FAFSA was filed, and the availability of funding.
The North Carolina Need Based Scholarship is funded to Private Schools in the State of NC and established by the NC General Assembly. Awards are made based on the results on the FAFSA. Go to NC Residency to complete what is needed for the State.
A student loan will be Subsidized (need-based) or Unsubsidized (non-need-based). These loans are determined after the Financial Aid Office receives a student’s FAFSA.
For the Subsidized Loan interest does not accrue while the student is in school, during 6 months grace period and during deferment periods. The Unsubsidized Loan interest does start to accrue once the loan has disbursed.
The Federal Direct Parent Loan for Undergraduate Students (PLUS) is a low fixed-interest loan for which repayment begins upon receipt of loan proceeds. If approved, a PLUS loan enables parents to finance up to the full cost of each student’s education minus other financial aid awarded. If the PLUS Loan is not approved, a student can receive an additional Unsubsidized Loan $4,000 for Freshman/Sophomore and $5,000 Junior/Senior.
The interest rate changes July 1st each year. All loans require a signed master promissory note (MPN). This is the contract between the borrower and the Department of Education, that includes the terms and conditions under which the borrower promises to repay the loan. The MPN must be completed prior to any loan proceeds are disbursed. You can apply online at studentloans.gov. You will need your FSA ID and Password (the same information you used to sign the FAFSA) to sign in to the website.
We hold our responsibility and obligations to our students and their families in high regard. Nationally, there is significant scrutiny to the relationship of higher education institutions and the financial lending industry.
Over 400 colleges and universities have been found to be participating with lenders for preferred treatment. We have NOT participated in any such action. Our Financial Aid Office has been through several audits that provide appropriate verification.
The National Association of Student Financial Aid Administrators (NASFAA) adopted a 12-point Statement of Ethical Principles that has served as a common foundation for accepted standards of conduct for the financial aid professional. Recognizing that the primary goal of the financial aid professional is to help students achieve their educational potential by providing appropriate financial resources, the statement addressed the standards that should be followed by these individuals in conducting their daily responsibilities. We have adopted these principles as an integral part of our responsibilities.
The Code of Conduct in its entirety is available on the NASFAA Web site.
Phone Number: 910-277-5778
Email: [email protected]
Monday – Thursday: 8:30 – 7:00
Friday 8:30 – 5:00
Saturday 9:00 – 1:00