Part Time Student Financial Aid
Part time student financial aid is designed for students who are not enrolled in school on a full-time basis, but are instead both studying and working towards paying for their education. Today, many universities recognize the need to provide financial assistance to such hardworking students, and as a result, financial aid offices at many schools have established programs for part time student financial aid.
One of the requirements for most federal student loans and some private student loans is that the student must be enrolled on a full-time basis, which unfortunately eliminates a large source of potential funding for part time students. One very common form of part time student financial sid is the work-study program, where students can work on campus and contribute towards the cost of their education. Most work-study programs will employ students in a campus dining hall, library, gym, computer lab, or as an IT support technician.
Applying for Part Time Student Aid
As with receiving any form of financial aid, you must file the Free Application for Federal Student Aid (FAFSA) with your school’s financial aid office. The information provided on the FAFSA will allow your school to determine your part time student financial aid award. Once you file the FAFSA, your application process will be complete, and you will receive a part time student financial aid package some time thereafter. The FAFSA will only make you eligible to participate in a federal work-study program, as federal grants and student loans are not available for part-time students. Private student loans may be a necessary part of a part time student financial aid package, as banks will lend certain loans to students who are enrolled in school on some sort of part time status.
Part time students can apply for financial aid programs that include a number of federal loans. These loans are based on need and are disbursed by the federal government. The application process for financial aid is simple, as it only requires the submission of a FAFSA application, available online at fafsa.ed.gov.
What are the options of financial aid for part time students?
Unfortunately, part time students miss out on the opportunity of obtaining most types of institutional loans and almost all kinds of federal financial assistance. Usually, the only options of financial aid available is work-study, in which students are employed by their respective schools.
As a part time student, how can I apply for student loans?
Student loans for part time students area available through federal lending and also through private lending institutions. Namely, you can apply for student loans by accessing the FAFSA at fafsa.ed.gov. This form will be used to determine both your eligibility and need for financial aid.
Do part-time student loans come from federal sources?
Yes, part time students are eligible to receive loans and other forms of federal financial assistance. The first step in applying for aid is to fill out the Free Application for Federal Student Aid (FAFSA) and to submit it along with other necessary paper work, which will allow your respective educational institution to determine your eligibility for aid.
Is there financial aid for part-time students available?
Yes, there is financial aid for part time students available. In order to qualify for federal aid, students need to be enrolled at least part time in a degree awarding program. In order to apply for federal aid, students need to fill out the FAFSA application. Part time students can also apply for institution-sponsored aid and scholarship awards from external sources. It is important to note that students who fail to maintain their status as part timers can lose out on a number of financial options.
- If you need help funding your education, private student loans might be a good option.
- Our free loan comparison and search tool can help you understand the wide variety of private loan options available to you as a student borrower.
- However, it’s important to remember to maximize sources of federal aid and other “free money” forms of aid, such as scholarships and grants, before applying for a private loan.
Student Loan Topics