Financial Aid

Barry University participates in the federal and state financial aid programs. In addition to these government-funded programs, we offer a number of scholarships to graduate students as well as professional tuition discounts. All full-time Florida teachers receive at least a 20-percent tuition discount (effective Summer II 2009) under the Professional Recognition Scholarship Program. At Barry, we are committed to doing everything possible to help you finance your education.

APPLICATION INFORMATION

To determine your eligibility for financial aid, complete the following applications:

Barry University's Graduate and Professional Financial Aid Application: This document will help determine your eligibility. Please complete this form and forward it to the Office of Financial Aid.

The Free Application for Federal Student Aid (FAFSA): This form enables Barry University to gather information for awarding federal and institutional aid. There is no charge for processing, and an instruction booklet is included to help you complete the form. Be sure to mail the FAFSA in the envelope provided and indicate our Institution Code: 001466. You can obtain a FAFSA from the Barry University Office of Financial Aid or apply online at www.fafsa.ed.gov. (If your application is selected for verification by the federal government, you will be required to submit copies of your tax return or verification of other means of support.) It is important that you file your application as early as possible to insure that your financial aid is processed in time for registration.

Remember, the financial aid staff is ready to provide further assistance and answer any questions. Call 305-899-3673 or 1-800-695-2279 for more information.

FEDERAL STUDENT LOAN PROGRAMS FOR GRADUATE AND PROFESSIONAL STUDENTS

Subsidized Stafford Student Loan Program (formerly G.S.L.)

Through this program students may borrow up to $8,500 per academic year from a bank, a savings and loan association, or other lenders who participate in the program. The loan will have a fixed interest rate of 6.8%. Repayment begins six months after the student graduates or drops below half-time status. In order to qualify for the program, students must demonstrate financial need; be enrolled or accepted for enrollment on at least a half-time basis; and show satisfactory academic progress. Students must be citizens or permanent residents of the United States.

Unsubsidized Stafford Student Loan Program

Under the Unsubsidized Stafford Student Loan Program, students do not have to demonstrate financial need to borrow funds. Furthermore, the interest is NOT subsidized by the federal government while the student is in attendance. Consequently, the student will have to make interest payments or allow the bank to capitalize the interest accrued during the period of enrollment. Students may borrow up to $18,500 minus any approved Subsidized Stafford amount. The loan will have a fixed interest rate of 6.8%.

ALTERNATIVE LOANS

Alternative Loans are available to assist students enrolled in programs with high educationally related expenses. Creditworthy students may borrow from $2,000 - $20,000 depending on their cost of attendance. Students must demonstrate financial need, be enrolled at least half time or better, and be making satisfactory progress. Interest rates on these loans are variable, not to exceed the 91-day treasury bill rates plus 3% at repayment. Interest accrued during periods of enrollment may be capitalized upon the request of the student. Please Note: You must apply for loans. Receipt of a financial award letter indicating eligibility for a loan does not constitute application. Further information and applications for loans are available from the Office of Financial Aid. You can reach the Office at (305) 899-3673 OR 1-800-695-2279.

STATE OF FLORIDA FINANCIAL ASSISTANCE PROGRAMS FOR GRADUATE STUDENTS

The following state of Florida programs are available to qualified graduate students:

• Jose Marti Scholarship Challenge Grant Fund
• Seminole/Miccosukee Indian Scholarships
• Florida Teacher Scholarship and Forgivable Loan Program
• Critical Teacher Shortage Student Loan Forgiveness Program
• Exceptional Student Education Training Grant for Out-of-Field Teachers
• Scholarships for Children of Deceased or Disabled Veterans

The financial assistance programs available through the state of Florida are subject to change. Additional programs for graduate students may also be available. The most current information regarding state of Florida financial programs may be obtained by contacting Barry's Office of Financial Aid at (305) 899-3673 or 1-800-695-2279.

GRANTS AND SCHOLARSHIPS OFFERED THROUGH BARRY UNIVERSITY

Barry University offers a variety of grants, scholarships, and tuition discounts to qualified students. Full–time Florida teachers may be eligible for a tuition discount under the Professional Recognition Scholarship Program. Proof of eligibility must be submitted. Clergy members of religious communities (sisters, brothers, etc.) receive a 30-percent discount for all graduate programs under the Professional Recognition Scholarship Program. Various academic schools at Barry University also provide grants and scholarships to eligible students.