Types of Aid

Scholarships & Grants

Allegheny Trustee Scholarship

  • Eligibility
    A merit-based award that any student who submits an admissions application will be evaluated to receive. The award is based on the same criteria that we value in the admission process: strength and rigor of academics, test scores (optional), essays and recommendations, and a student’s contributions and achievements outside of the classroom. Based on those factors, students can receive up to $30,000 per year. Because Allegheny encourages students to challenge themselves in the classroom, the Trustee Scholarship is guaranteed for eight semesters of full-time enrollment at Allegheny or for Allegheny-sponsored programs.
  • Value
    From $10,000 to $30,000 per year.
  • More Info
    Consideration for the Trustee Scholarship is automatic when students apply for admission under Early Decision, Early Action, and Regular Decision methods.

Allegheny College Performing Arts Scholarships

  • Eligibility
    Based upon a student’s intended level of participation and performance ability. Students who plan to major or minor in dance, music, and theatre are eligible, as well as those who plan to participate in the arts, but have majors and minors in other areas. Students may audition in more than one area, but only one performing arts scholarship will be awarded.  Auditions or interviews are required for this scholarship and the criteria is available on our scholarship form.
  • Value
    From $1,000 to $2,000 per year.
  • More Info
    For more information please click here.

Allegheny Grants

  • Eligibility
    Students with demonstrated financial need according to the FAFSA.
  • Value
    Varies, based on funding.
  • More Info
    Provides grants to students on the basis of financial need as demonstrated through filing of the FAFSA.

Federal Pell Grants

  • Eligibility
    The expected family contribution (EFC) from the FAFSA must fall within the range set by the Department of Education.
  • Value
    The EFC and award ranges change slightly from year to year, but the ranges are posted to www.studentaid.gov once they are determined.
  • More Info
    Must reapply by completing renewal FAFSA each year.

Federal Supplemental Educational Opportunity Grants (SEOGs)

  • Eligibility
    Pell recipients with the highest level of financial need according to the FAFSA.
  • Value
    Varies according to institutional funding.
  • More Info
    Included in the financial aid award package if eligible.

State Grants

  • Eligibility
    Students from the following states may qualify for a state grant: DE, MA, OH, PA, VT, WV, according to the FAFSA.
  • Value
    Varies by state.
  • More Info
    Students must complete the FAFSA by their state’s deadline (PA residents’ deadline: May 1).

Employment

Federal Work Study

  • Eligibility
    Students with financial need as demonstrated through the FAFSA.
  • Value
    Up to $2,500.
  • More Info
    On-and off-campus jobs available at minimum wage and higher; student wages are earned through employment and are not credited to your bill.Learn More & View Openings

Campus Employment

  • Eligibility
    Students that do not qualify for federal work study nor are they hired as a Resident Advisor.
  • Value
    Up to $2,000.
  • More Info
    On-campus positions available at minimum wage and higher; student wages are earned through employment and are not credited to your bill.Learn More & View Openings

Loans

Federal Direct Loan

  • Eligibility
    Students must complete the FAFSA.
  • Value
    $5,500 for first-year students, $6,500 for sophomores, $7,500 for juniors and seniors.
  • More Info
    Subsidized for students with demonstrated financial need and unsubsidized for students without financial need (at least $2,000 will be unsubsidized); must be enrolled at least half time.  For further information, specifically interest rates, please visit www.studentaid.gov.

Federal PLUS Loan for Parents

  • Eligibility
    Credit-worthy parents of undergraduate students.
  • Value
    Up to the total cost of education minus other financial aid.
  • More Info
    To apply parents can go to https://studentloans.gov.  For further information, specifically the interest rate, please visit www.studentaid.gov.

Private Student Loans

  • Eligibility
    Students with credit-worthy cosigners.
  • Value
    Up to the total cost of education minus other financial aid.
  • More Info
    For examples of alternative loan options, please visit www.elmselect.com.

More Information on Loans

Private Loan Lender List

Loan Disclosure Notices

Code of Conduct for Educational Loans

DID YOU KNOW

Allegheny grads only have a
1.5% Federal Direct Loan default rate

vs.
11.5% National Average
&
7.4% 4-Year Private Average