Pell Grant and Student Loans

Pell Grants

Pell Grants do not have to be repaid and are awarded only to undergraduate students who have not earned a bachelor’s or professional degree. This award is based on financial need as determined by your SAR (Student Aid Report).

The amount you may be awarded will depend on the EFC (Expected Family Contribution) number that is listed on your SAR and by the number of hours in which you will be enrolled each semester. Award amounts vary from year to year. An award letter will be sent to you indicating the amount of Pell you are eligible to receive for the current school year and the amount you will receive each semester based on the number of credit hours in which you enroll.  Award amounts are contingent on verification of course participation and attendance.

Financial aid eligibility will be determined by the number of credit hours a student is enrolled in as of the following dates:

  • Fall Semester: Sept. 15
  • Spring Semester: Feb. 15
  • Summer Semester: June 15

Any credit hours added after these dates will not be considered in your financial aid eligibility.

Pell Grant proceeds are available approximately five weeks after the start date of each semester, with the exception of funding for late start courses. If your file is not complete until after the fourth week of class, you can expect your proceeds to take an additional two to three weeks to process.

Proceeds will be available via a HigherOne® debit card or ACH to a bank of the student’s choice.

Student Loans

Student loans require repayment at a future date. In most cases, loans do not have to be repaid until six months after graduation. If you decide to discontinue your education before graduating, you will be required to start payments towards your student loan six months from your last date of halftime enrollment. Failure to repay your loan will result in future consequences such as garnishment of wages, withholding of state and federal income tax refunds and difficulties obtaining any future loans from any creditor.

To obtain a student loan, you must complete a FAFSA. Then visit our Student Loan page for instructions and the loan packet.  

The amount of funds you are eligible to receive will depend on the number of completed hours, dependency status, how much you have already borrowed and financial need. Students may not receive financial assistance above their determined cost of attendance.

A subsidized student loan is awarded on the basis of financial need as determined by your EFC  (Expected Family Contribution) number found on your SAR. You will not be charged any interest before you begin repayment or during authorized periods of deferment. The federal government “subsidizes” the interest during these periods.  Interest will begin accruing once your loan enters repayment.

An unsubsidized student loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be capitalized – that is, the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount.   

There is a 1% origination fee charged to each loan you request.  The funds available for your educational use will be the loan amount requested minus the origination fee.  When you enter repayment, the total loan amount you will repay will include this origination fee.

You may receive a subsidized loan and an unsubsidized loan for the same enrollment period depending on whether you are an independent student or dependent student, your cost of attendance and your current grade level. See chart below:

Listed below are the maximum annual loan amounts. Enrollment Services will determine the amount you’re eligible to receive. It is recommended that you borrow only what is necessary.

Completed Credit HoursDependentIndependent
0-27 credit hours $5,500/year $9,500/year
28-96 credit hours $6,500/year $10,500/year

First year students may only receive up to $3,500 max in a subsidized loan.  Second year students may only receive $4,500 max in a subsidized loan.

Listed below are aggregate loan limits (the maximum you can borrow as a undergraduate student).

DependentIndependent
$31,000 $57,500

BORROW WISELY – STUDENT LOANS MUST BE REPAID!

All students receiving a student loan must be enrolled, attending and participating in a minimum of six credit hours per semester. Funds will not be disbursed if a student should show enrollment status at less than six hours at the time of disbursement. Students enrolled in late-start classes will receive funding later in the semester.

Financial aid eligibility will be determined by the number of credit hours a student is enrolled in as of the following dates:

  • Fall Semester: Sept. 15
  • Spring Semester: Feb. 15
  • Summer Semester: June 15

Any credit hours added after these dates will not be considered in your financial aid eligibility.

Loans will be prorated for students enrolled in their last semester prior to graduation based on number of credit hours enrolled for that term.

Loan Proration Chart
Credit Hours Enrolled InDependent 6500Independent 10500
6 $1,625 $2,625
7 $1,895 $3,062
8 $2,166 $3,500
9 $2,437 $3,937
10 $2,708 $4,375
11 $2,979 $4,812
12 $3,250 $5,250

Funds over and above tuition, fees and book charges will be sent to a HigherOne® debit card or via ACH to a bank of the student’s choice. Students must be enrolled in, attending and participating in at least six credit hours on the date funds are disbursed.

NOTE: Funds will not be disbursed until valid attendance verification is submitted to the Enrollment Services Department.

Students who have a complete file before the posted deadline for a semester and are eligible to receive either a Pell Grant and/or student loan will be eligible to have their class schedule secured without having to prepay tuition and fees. In addition, bookstore credits will be available to you prior to the start of that term so that you may obtain your textbooks. The college will then deduct your tuition, fees and book charges upon receipt of funding from the Department of Education.  Excess financial assistance funds are typically available during the fifth week of class.

The following criteria will be verified prior to issuing proceeds to the student:

  • Current enrollment status
  • Previous cumulative GPA
  • Completion ratio
  • Attendance/participation dates and satisfactory academic progress status.
Minimum GPA Standards
Cumulative Credit Hours AttemptedCumulative Grade Point Average
1-15 1.5
16-30 1.8
31 or more 2.0

*Includes grades of A, B, C, D and F. Grades of I, P, R and W are not counted in cumulative GPA.

A minimum of 67% of courses attempted must be completed successfully.

Refer to the page on “Satisfactory Academic Progress” for more information.

Enrollment
Services
Department

Financial Aid
Contact Information

General Information
636-922-8270

A+ and State Programs
636-922-8269
kperschbacher@stchas.edu

VA Benefits
636-922-8268
kmontgomery@stchas.edu

Loans
636-922-8586
abby_vernon@stchas.edu

Financial Aid Appeals & Scholarships
636-922-8267
kthomas@stchas.edu