Types of Aid

A college education is one of the largest financial commitments a person can make. Unity recognizes this and offers an aid package based on an individual’s need.

The types of financial aid offered at Unity College fall into two major categories: non-college programs controlled or administered by outside agencies and college programs directly administered by Unity College.

In addition to the following types of aid Unity also offers aid through the Federal work-study program and through veteran’s benefits.

Grants/Aid
Unity offers both grant-in aid (a college funded grant based on need) and federal grant programs. Grants are awarded to students who demonstrate the need for assistance as determined by the Office of Financial Aid. Grants do not require repayment.

Federal Pell Grant
An entitlement grant provided by the federal government for students enrolled in a degree program, who demonstrate financial need as determined by the Department of Education through the FAFASA. Any amount received will be included in the total award from Unity College. Maximum award amount is $5350.

Federal Supplemental Educational Opportunity Grants (SEOG)
Funds provided to Unity College by the federal government provide aid to undergraduate students with financial need. These grants range from $200 to $3,000 a year, depending on financial need and availability of funds.

Unity Scholarships
Entering Students: Eligibility for scholarships is determined based on the review of the information provided on the student’s application for admission to the college. Click here for a list of all scholarships for incoming students. 

Returning Students: Some scholarships require that you submit a Unity College Application for Scholarship whereas others do not require an application or are by nomination only. For those that require an application, students must submit a Unity College Application for Scholarship. Click here for a list of all scholarships for returning students.

Private Scholarships
Click here for a summarized list of private scholarship information available in the Financial Aid Office.

Loans
Federal Perkins Loans
Provides long-term loans to students with financial need but is limited by federal funding. Undergraduates are limited to $4,500 for the first two years and $9,000 total. The loans are interest-free while the borrower remains in school on at least a half-time basis. The borrower has up to 10 years to repay the loans, beginning nine months after the student is no longer enrolled on at least a half-time basis.

Federal Stafford Student Loans
Students are eligible to apply for these loans whether or not they are receiving other forms of financial assistance. Students must be enrolled at least half time to receive a loan. The loans are long-term and have a low interest rate, which is deferred while the student remains in school on at least a half-time basis. The maximum loan amounts are $3,500 for first-year students, $4,500 for second-year students, and $5,500 for third, fourth-, and fifth-year students.

Federal Unsubsidized Stafford Student Loans
Federal loan program open to students who do not qualify for Federal Stafford or who qualify for only a partial Stafford. Students can borrow up to the maximum with either a Stafford, an unsubsidized Stafford, or a combination of the two. The maximum loan amounts are $3,500 for first-year students, $4,500 for second-year students, and $5,500 for third, fourth-, and fifth-year students.

Federal Parent Loans for Undergraduate Students (PLUS)
A federal loan program which is available only to parents of dependent students. Parents may borrow up to the annual cost of attendance minus other aid per eligible student.