Before applying for a loan, Gettysburg College wants to be sure you are aware of all federal grant programs that may be available to help meet your educational expenses. Listed below are the federal programs at Gettysburg College and the maximum amounts available for the 2011-12 academic year.
Federal Pell Grant
Federal FSEO Grant
Many states also have grant or scholarship programs. Check with your state agency as to the availability of such funds. States that have most recently made grant awards to students attending Gettysburg College are Connecticut, Delaware, Maine, Massachusetts, Ohio, Rhode Island, Vermont, West Virginia, and the District of Columbia.
William D. Ford Federal Direct Loan Program
Effective July 1, 2010, all schools were required to participate in the William D. Ford Federal Direct Loan Program. This change was mandated by the United States Congress with the enactment of the Health Care and Education Affordability Reconciliation Act of 2010 (Public Law 111-152).
What does this mean for students and their parents? Students who borrow Federal Direct Stafford Loans and parents who borrow Federal Direct PLUS Loans will receive funds from the U.S. Department of Education rather than banks, credit unions or other lenders. More information is available at StudentLoans.gov.
Federal Direct Stafford Loan Federal Direct PLUS Loan
Federal Direct Consolidation Loans Program
Currently enrolled borrowers who have loans in the Direct Loans Program, the FFEL Program (bank as lender), and/or loans purchased by the U.S. Department of Education under ECASLA may consolidate those loans into one loan under the Federal Direct Consolidation Loans Program between July 1, 2010 and June 30, 2011. The borrower must have at least one loan in each of two of these three categories and have not yet entered repayment on a least one of these loans. We encourage all borrowers to review this option to determine if the terms and conditions outweigh dealing with multiple loan servicers during repayment. More information can be found at the Federal Direct Consolidation Loans Information Center or by calling 1-800-557-7392.
Need information about your current student loans?
The National Student Loan Data System (NSLDS) can help. The site displays information on loan amounts, outstanding balances, loan statuses, and disbursements.
Institutions are required to submitted data related to Federal Perkins, Stafford and PLUS Loans to NSLDS. This information will also be accessible by loan servicers, guaranty agencies, lenders, and institutions that are determined to be authorized users of the data system.