[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.16″ _module_preset=”default” background_image=”https:\/\/southbaylo.edu\/web\/wp-content\/uploads\/2020\/03\/fa1.jpg” parallax=”on” height=”250px” height_tablet=”150px” height_phone=”150px” height_last_edited=”on|phone” custom_padding=”62px||62px||true|false” custom_padding_tablet=”32px||18px||false|false” custom_padding_phone=”40px||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.16″ _module_preset=”default” background_color=”rgba(0,0,0,0.59)” width=”50%” width_tablet=”50%” width_phone=”90%” width_last_edited=”on|phone” max_width=”90%” module_alignment=”left” height=”120px” height_tablet=”86px” height_phone=”70px” height_last_edited=”on|tablet” max_height=”99%” custom_margin=”0px|0px|0px|0px|false|false” custom_margin_tablet=”||||false|false” custom_margin_last_edited=”off|desktop” custom_padding=”30px|0px|0px|10px|false|false” custom_padding_tablet=”6px||||false|false” custom_padding_phone=”0px||0px||false|false” border_radii=”off||14px|14px|” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”FINANCIAL AID” content_max_width=”377px” _builder_version=”4.16″ _module_preset=”default” header_font=”|700|||||||” header_text_color=”#FFFFFF” header_font_size=”46px” header_line_height=”0.7em” body_font=”|300|||||||” body_text_color=”#FFFFFF” body_font_size=”16px” background_color=”RGBA(0,0,0,0)” module_alignment=”right” custom_padding=”||||false|false” custom_padding_tablet=”9px||||false|false” custom_padding_phone=”21px||||false|false” custom_padding_last_edited=”on|phone” header_font_size_tablet=”42px” header_font_size_phone=”37px” header_font_size_last_edited=”on|phone” header_line_height_tablet=”” header_line_height_phone=”0.2em” header_line_height_last_edited=”on|phone” body_line_height_tablet=”” body_line_height_phone=”2em” body_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
Your education is a significant investment.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” _builder_version=”4.16″ inner_width=”99%” custom_padding=”35px||38px|||” global_colors_info=”{}”][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”Oswald|||on|||||” text_text_color=”#0c71c3″ text_font_size=”40px” text_orientation=”center” custom_margin=”||||false|false” custom_margin_last_edited=”off|desktop” text_font_size_tablet=”” text_font_size_phone=”25px” text_font_size_last_edited=”on|phone” text_text_shadow_style=”preset1″ global_colors_info=”{}”]<\/p>\n
Types of Financial Aid<\/p>\n
[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”|300|||||||” text_text_color=”#000000″ header_5_font=”Lato||||||||” header_5_text_color=”#000000″ header_5_font_size=”18px” header_6_font=”Lato||||||||” header_6_text_color=”#000000″ header_6_font_size=”17px” global_colors_info=”{}”]<\/p>\n
Students have access to multiple loans and scholarship resources for financing their education at South Baylo University.<\/p>\n
South Baylo University participates in most federal grants, scholarship and loan programs that are available to students. The majority of these programs are limited to students who demonstrate financial need, as determined through the financial aid process.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner padding_mobile=”on” column_padding_mobile=”on” custom_padding_last_edited=”on|desktop” admin_label=”Row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”0px||0px|||” custom_padding_tablet=”90px||0px|” custom_padding_phone=”” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_toggle title=”Federal Direct Stafford Unsubsidized Loans” open_toggle_text_color=”#0C71C3″ open_toggle_background_color=”#FFFFFF” closed_toggle_text_color=”rgba(0,0,0,0.72)” closed_toggle_background_color=”#FFFFFF” icon_color=”rgba(0,0,0,0.2)” open_icon_color=”rgba(0,0,0,0.2)” admin_label=”Toggle” _builder_version=”4.16″ title_text_color=”#474747″ title_font=”|700|||||||” title_font_size=”22px” closed_title_font=”|700|||||||” closed_title_font_size=”22px” body_font=”|300|||||||” body_text_color=”#000000″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”25px|10px|25px|10px|false|true” custom_css_toggle_icon=”font-size:20px;||” border_width_all=”0px” border_color_all=”#f7f7f7″ border_style_all=”solid” border_width_bottom=”1px” border_color_bottom=”rgba(0,0,0,0.26)” use_border_color=”on” border_color=”#f7f7f7″ border_style=”solid” global_colors_info=”{}”]<\/p>\n Students who are at least half time but who do not demonstrate a financial need for a Stafford loan<\/span> may still obtain a loan, however, interest on the unsubsidized loan will start to accrue while the student is in school.<\/strong> Information on student loan Interest and fee<\/a><\/p>\n SBU adheres to “Borrower-Based Academic Year” regulations in administering student loans. [\/et_pb_toggle][et_pb_toggle title=”Federal Work-Study (FWS)” open_toggle_text_color=”#0C71C3″ open_toggle_background_color=”#FFFFFF” closed_toggle_text_color=”rgba(0,0,0,0.72)” closed_toggle_background_color=”#FFFFFF” icon_color=”rgba(0,0,0,0.2)” open_icon_color=”rgba(0,0,0,0.2)” admin_label=”Toggle” _builder_version=”4.16″ title_text_color=”#474747″ title_font=”|700|||||||” title_font_size=”22px” closed_title_font=”|700|||||||” closed_title_font_size=”22px” body_font=”|300|||||||” body_text_color=”#000000″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”25px|10px|25px|10px|false|true” custom_css_toggle_icon=”font-size:20px;||” border_width_all=”0px” border_color_all=”#f7f7f7″ border_style_all=”solid” border_width_bottom=”1px” border_color_bottom=”rgba(0,0,0,0.26)” use_border_color=”on” border_color=”#f7f7f7″ border_style=”solid” global_colors_info=”{}”]<\/p>\n FWS\u00a0is a\u00a0need-based federal funded work award\u00a0that allows recipients to work on\/off-campus during the academic year and earn up to the amount of their offer. Pay rates vary depending on the skill level required for the position. A student must be enrolled at least half time at the school to be eligible for Work-Study funds. It is the student’s responsibility to locate a position on and off-campus. Off-campus jobs may be available with non-profit organizations. On average, students work 14 hours per week but are not allowed to work more than 20 hours per week.\u00a0Students may be allowed to work more than 20 hours per week when between terms or when school is not in session if funding is available. <\/span>Work-study (FWS) students are not eligible for paid vacation, sick leave, holidays, or medical and dental insurance through their Work-Study job.<\/u><\/em><\/p>\n [\/et_pb_toggle][et_pb_toggle title=”Federal Graduate Plus Loan” open_toggle_text_color=”#0C71C3″ open_toggle_background_color=”#FFFFFF” closed_toggle_text_color=”rgba(0,0,0,0.72)” closed_toggle_background_color=”#FFFFFF” icon_color=”rgba(0,0,0,0.2)” open_icon_color=”rgba(0,0,0,0.2)” admin_label=”Toggle” _builder_version=”4.16″ title_text_color=”#474747″ title_font=”|700|||||||” title_font_size=”22px” closed_title_font=”|700|||||||” closed_title_font_size=”22px” body_font=”|300|||||||” body_text_color=”#000000″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”25px|10px|25px|10px|false|true” custom_css_toggle_icon=”font-size:20px;||” border_width_all=”0px” border_color_all=”#f7f7f7″ border_style_all=”solid” border_width_bottom=”1px” border_color_bottom=”rgba(0,0,0,0.26)” use_border_color=”on” border_color=”#f7f7f7″ border_style=”solid” global_colors_info=”{}”]<\/p>\n The Federal Graduate PLUS loan can be used to help bridge the gap between the financial aid package and the remaining cost of education for graduate and professional degree students. The maximum loan amount is the student’s cost of attendance (determined by the school) minus<\/strong> any other financial aid received (discount, scholarship, grants, Federal Direct Loans, etc\u2026). As part of the eligibility process, students must complete the FAFSA and Grand Plus Loan application. Requirements of the loan do require a credit check at the time of application and a determination that the applicant does not have an adverse credit history. Applicants with an adverse credit history may be eligible to receive approval with a creditworthy endorser.<\/span><\/p>\n Interest begins to accrue from the date of disbursement and repayment begins within 60 days of the final disbursement of the loan. However, borrowers may receive forbearance on payments while enrolled at least half-time at the school. This loan has a standard repayment term of 10 years and does qualify for the Federal Consolidation Loan program.<\/span><\/p>\n [\/et_pb_toggle][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb _builder_version=”4.27.4″ header_font=”Oswald|||on|||||” header_text_align=”left” header_text_color=”rgba(0,0,0,0.6)” header_font_size=”20px” header_line_height=”2em” body_font=”|300|||||||” body_text_color=”#000000″ body_line_height=”1.3em” background_color=”rgba(0,0,0,0.07)” background_layout=”dark” custom_margin=”0px|0px|30px|0px|false|false” custom_padding=”20px|10px|30px|20px|false|false” border_radii=”on|15px|15px|15px|15px” border_color_all=”#ffffff” border_color_top=”#0c71c3″ locked=”off” global_colors_info=”{}”]<\/p>\n How to Apply<\/a><\/span><\/p>\n Cost of Attendance<\/a><\/span><\/p>\n Types of Financial Aid<\/strong><\/a><\/span><\/p>\n Scholarship<\/a><\/span><\/p>\n Federal Work-Study<\/a><\/span><\/p>\n Disbursements & Refunds<\/a><\/span><\/p>\n SBU’s Net Price Calculator<\/a><\/span><\/p>\n Veteran’s Benefits<\/a><\/span><\/p>\n
The following outlines the rules and procedures on Direct Loan processing:<\/p>\n\n