Financial Aid and Tuition Resources
FAFSA Code:
PMC’s Federal School Code for use on the FAFSA is:
002201.
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Loan Programs
Loans are often part of a student’s
financial aid package. Loans are financial aid monies that need to be
paid back, although repayment is often delayed until after the student
graduates or departs college. Some loans are subsidized by federal and/or
state governments and are offered with a competitive interest rate.
- Stafford Loan
- Eligible undergraduates
may borrow up to $3500 during their first year and up to $4500
during their sophomore year. Eligible third, fourth, and fifth year
students may borrow up to $5500 per year. For subsidized Stafford
Loans, payments begin and interest begins to accrue six months after
the student graduates, drops below halftime, or leaves school. The
same terms apply for unsubsidized Stafford Loans, except interest
begins to accrue immediately after loan disbursement. Eligibility
for the Stafford Loan is determined by the FAFSA. Contact PMC’s
Financial Aid Office for details.
-
 After Applying
for Aid
 Repaying
Federal Student Loans
- Parent
Loan (PLUS)
- Under this program, parents may borrow up to the cost
of attendance minus other aid. Interest rates are fixed at 7.9%, and payment begins 60 days after final disbursement.
The application can be found online at www.amsa.com.
- After
Applying for Aid
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