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Need-Based Assistance
Does Your Financial Situation Require Assistance to Fund College?
Need-based financial aid is available from Hollins to students who can demonstrate that they require additional money to help pay for school. The amount you are eligible to receive is determined from information you provide on the government’s FAFSA (Free Application for Federal Student Aid). The application requires you to provide specific data about your family’s finances to the U.S. Department of Education. You’ll find an online application form at www.fafsa.ed.gov. Paper FAFSA forms are also available from Hollins.
The various kinds of need-based assistance are outlined in the charts below.
| ENDOWED SCHOLARSHIPS FROM HOLLINS |
| Fund |
Amount |
Eligibility Information |
| Thanks to many generous donors, Hollins offers more than 600 endowed scholarships named in honor of alumnae and friends of the university.
For a list of endowed scholarships, click here.
|
$500 - $10,000 |
• To be eligible, parents must complete the FAFSA.
• Grants from Hollins are based on each family’s financial situation.
|
| OTHER KINDS OF NEED-BASED ASSISTANCE |
| Fund |
Amount |
Eligibility Information |
| Federal Pell Grants |
$400 - $4,050 |
• Eligibility and the actual amount are determined by the U.S. Department of Education from the information families provide on the FAFSA. These grants do not have to be repaid and are awarded to undergraduates who demonstrate high financial need. |
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Federal Academic Competitiveness Grant (ACG)
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$750 - $1,300
|
• These grants go to first- and second-year Pell recipients completing a rigorous high school course load.
• Eligibility determined by Hollins and the U.S. Department of Education from information families provide on the FAFSA.
• Second-year students must have earned a 3.0 GPA after completion of first year.
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Federal National SMART Grant
|
$3,000 - $4,000
|
• These grants are available for third- and fourth-year Pell recipients majoring in computer science, engineering, a foreign language, a life science, mathematics, a physical science, technology, or multidisciplinary studies.
• Eligibility requires students to maintain a 3.0 GPA.
|
| Federal Supplemental Educational Opportunity Grants (SEOG) |
$1,000 - $2,600 |
• These federal grants go to undergraduates who demonstrate high financial need. The grants do not have to be repaid. |
| Campus Employment |
$1,000 - $2,500 |
• Through the federal work-study program, students can work on campus in jobs that relate whenever possible to their skills, interests, or career objectives. |
| FEDERALLY FUNDED NEED-BASED STUDENT LOANS |
| Fund |
Amount |
Information |
| Federal Direct Stafford Student Loans |
$2,625 - $5,500 |
• Hollins processes these loans, which have a low variable interest rate. Repayment does not begin until six months after graduation. |
| Perkins Loans |
$500 - $4,000 |
• These loans are arranged through Hollins and carry a fixed interest rate of 5%. Payments are only $40 per month after graduation from Hollins. |
Finance Plans
| Type of Plan |
Information |
| Budget Payment Plan |
• Parents can pay fees for tuition, room, and board in 10 monthly installments, interest free. |
| Guaranteed Tuition Plan |
• Parents can lock in the current tuition rate for the full four years if they pay for four years' tuition at the beginning of the first year. With secured loans, interest may be tax deductible. |
| PLUS (Parent Loan) |
• Parents can also borrow funds from the Department of Education at a low variable interest rate. Payments start after classes begin, and parents can take up to 10 years to repay the loan. Parents can borrow the difference between the total financial aid package and the cost of education (including books and transportation). |
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Transfer Students
Admission Requirements
Application Process
Transferring Credits
Financial Aid
Advanced Placement
Policy on Dual Enrollment
International Baccalaureate
Transfer Student Orientation
Scholarship Opportunities
International Transfer Students
Adult Degree Program
Housing
. . . . . . .
Student Stories
From Sociology Major to Lawyer
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CONTACT
Stacey Hill
Admissions Office
Hollins University
PO Box 9707
Roanoke, VA 24020
(800) 456-9595
(540) 362-6212
shill1@hollins.edu
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