Grants are considered “gift aid” and generally do not have to be repaid. Most gift aid is based on some type of need-based eligibility requirement. Therefore, you must complete the FAFSA to apply for most grants. Sources of grants include federal, state, private, and institutional funds. Although grants are a very desirable source of financial aid, the availability of grants is generally limited to the students with the most need. For a list of programs eligible for federal financial aid, click here.
The U.S. Department of Education offers a variety of federal grants to students based on financial need.
Learn more about federal grants.
Wisconsin Grant Programs
Currently, Wisconsin state funds are not available to UW Flexible Option students. Efforts are underway with the Wisconsin Higher Educational Aids Board to determine if state funds can be made available in the future. More information will be provided as soon as it is available.
UW Flexible Option Tuition Grant
The UW-Parkside Bachelor of Science in Business Administration program and the UW-Milwaukee Bachelor of Science in Biomedical Sciences: Health Sciences are not currently eligible for federal financial aid. Students who demonstrate financial need may be eligible for a UW Flexible Option Tuition Grant. For more details, please review the grant eligibility requirements for your program of interest:
- UW-Parkside Bachelor of Science in Business Administration
- UW-Milwaukee Bachelor of Sciences in Biomedical Science: Health Sciences
Federal Student Loans
Loans made by the federal government, called federal student loans, usually offer borrowers many benefits such as no credit history requirement, low interest rates, and more flexible repayment options than loans from banks or other private sources.
Learn more about federal student loan programs.
Before a federal student loan is paid out to you, you will be required to complete entrance counseling.
Federal Parent PLUS Loans
The Federal Direct Parent PLUS Loan program is a federal loan program available to parents (biological, adoptive, or, in some cases, stepparent) of dependent undergraduate students admitted to federal financial aid eligible programs. The loan must be used to help pay the student’s educational expenses.
- Students must be admitted to a UW Flexible Option financial aid eligible program
- The parent must not have adverse credit history (exceptions may apply)
- The parent must not have a federal education loan in default
- Students must meet all general eligibility requirements and be offered federal financial aid; Click here for information on how to apply for federal financial aid
How to Apply
- Complete the Free Application for Federal Student Aid (FAFSA).
- Complete and submit the Parent PLUS loan request form.
- Complete the Parent PLUS Master Promissory Note (MPN) here (https://studentloans.gov/). Click on the green Log In button to get started.
- Complete the Free Application for Federal Student Aid (FAFSA).
- Apply for the Parent PLUS loan at https://studentloans.gov/. Click on the green Log In button to get started.
- Complete the Parent PLUS Master Promissory Note (MPN) here. Click on the green Log In button to get started.
Parent PLUS Loan Request Denial and Adverse Credit History Information
A credit check will be performed during the application process. If the parent has adverse credit history, the Parent PLUS request may be denied. The parent can continue to pursue a Parent PLUS loan via the following options:
- Obtain an eligible endorser and complete Parent PLUS Counseling at https://studentloans.gov
- Submit an extenuating circumstances appeal to the U.S. Department of Education and complete Parent PLUS Counseling at https://studentloans.gov
If a Parent PLUS loan request is denied, a letter will be sent to the parent with details regarding the denial.
If the parent is unable to receive a PLUS loan, the student may be eligible for additional Federal Direct Unsubsidized loans. The student must email the UW Flexible Option Financial Aid Office at firstname.lastname@example.org to request the additional loan funding. The request must come from the student’s university email account.
Interest Rate and Origination Fee Information
Disbursement and Refunds
The UW Flexible Option Financial Aid Office will apply the Parent PLUS loan funds to the student’s account to pay for tuition and fees. Any loan funds remaining will be mailed as a refund check to the recipient chosen on the Parent PLUS loan request form.
The Parent PLUS loan enters repayment once the loan is fully disbursed. The loan servicer will contact the parent regarding repayment information. To request a deferment or forbearance on loan payments, the parent must contact the loan servicer.
Additional information regarding Parent PLUS loans can be found here.
Before you look at alternative funding, make sure that you have exhausted all possible federal and state financial aid funds available. File the FAFSA to be considered for all types of aid, including federal student loans, before applying for an alternative loan.
Alternative loans are used to help bridge the gap between the actual cost of your education and the amount of assistance available through government programs. Be sure to do some research and explore your options when choosing an alternative loan lender.
If you decide to borrow an alternative loan, FAST Choice can assist you in choosing a loan and lender.
Scholarships are a type of gift aid awarded to students on the basis of academic merit or other criteria such as talent, leadership, community involvement, and financial need. They do not have to be repaid as long as the enrollment period is completed.
Scholarships have become an increasingly sought after resource for students to assist with financing their college education. The below scholarship website information is intended to help students research and apply for scholarships. Just a reminder that you should never pay for scholarship opportunities and be aware of scams.
Occasionally, we are sent notices of scholarships by external organizations that our students may be eligible for. These are not exclusive to students in our program and we do not necessarily endorse the organization(s) offering them.
- For adult residents of Dane County, WI. Deadline is January 14th, 2019. Details can be found on the website of the Metropolitan Woman’s Club.
Database of more than 2,300 sources of college funding
Personalized search with a database of 1.5 million local, national and college-specific scholarships
Comprehensive source of student financial aid information, advice and tools with a link to FastWEB
Resources for international students and study abroad
More than 1.7 million awards
Helping students find free money for college since 1998
Unlimited access to a database of 2.4 million scholarships
Providing scholarship and directory for Latino youth
To the best of our knowledge, these websites provide free scholarship searches and applications. We do not endorse any scholarship applications or processes that require students to pay a fee.
There are several types of educational benefits for veterans. For information about these benefits, and how to determine which benefits you qualify for, as well as support services and resources, please visit our Veterans Benefits webpage.