Types of Financial Assistance

Many Chamberlain students use some form of financial assistance to help cover the cost of their education.  Between grants and loans, scholarships and work study programs, there are many options available to develop a financial plan.

Grants

Grants are financial aid that does not usually need to be repaid. There are criteria you must meet in order to qualify, depending on the aid program:

Federal Pell Grants:

Grants for eligible undergraduate students (who have not earned a prior bachelor’s degree) have a maximum award of $5,730 per award year.  The actual amount of the grant is based on the cost of the education, financial need, number of hours enrolled and the Federal Pell Grant regulations.

Federal Supplemental Educational Opportunity Grants (FSEOG):

Grants for undergraduate students (who have not earned a prior bachelor’s degree) who show exceptional need; FSEOG is $375 per semester for those who qualify.  The federal government provides the school with a limited pool of money.  When the funds are exhausted, no more funds are awarded for the year.

Chamberlain Access Grants (CAG):

Additional grant funding for recipients of the Federal Supplemental Education Opportunity Grant (SEOG).  This grant is funded by Chamberlain and is $125 per semester for any student also receiving SEOG.

State-Funded Programs:

Many states have grant and scholarship programs that provide funding to students who demonstrate financial need or have successfully achieved certain academic qualifications.  Recipients are typically required to:

  • Attend a location within the state of legal residence, and
  • Provide proof of residence

Chamberlain currently participates in state-funded programs in the following states:

  • Arizona
  • Florida
  • Indiana
  • Ohio

How to Apply

The first step in qualifying for financial assistance is completing and filing the Free Application for Federal Student Aid (FAFSA), which serves as an application for all federal – and most state – student aid programs.

The FAFSA can be filed electronically at http://fafsa.ed.gov; be sure to include the Chamberlain school code (006385). If you attend our Indianapolis campus, or are an Indiana state resident enrolled in our RN to BSN program option, please include school code E02182 as your first school code to be considered for Indiana state grant funds.Chamberlain’s priority deadline for filing the FAFSA is March 1. The FAFSA should be filed within two weeks of application for admission and must be renewed each year. Prompt submission assures consideration for maximum available financial aid. The information reported on the FAFSA is used to determine the expected family contribution (EFC). Financial aid eligibility is determined by subtracting the EFC from the total estimated educational expenses.

After the FAFSA has been processed, the student will receive a Student Aid Report (SAR). The student and/or family must review the SAR for accuracy and notify the financial aid office of any necessary corrections.

Assistance packages are developed using information from the FAFSA and any supplemental documents. The foundation for all assistance is contributions from student and family income and assets. Chamberlain provides students with award letters indicating the amount of financial aid for which they may be eligible and sources from which the aid may be received.

Reinstated/readmitted students may be considered for financial aid if they meet all eligibility requirements.

Chamberlain complies with all applicable state and federal equal credit opportunity laws; however, Chamberlain cannot guarantee financial assistance or credit to any student.

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