Patten University seeks to provide students with comprehensive information about financial aid options and offers assistance with the application process. Students who apply for financial aid are considered for federal, state and institutional assistance based on the contents of their completed application.
Federal Aid
Federal Pell Grant Program
This program provides federal grants to undergraduate students who meet all eligibility requirements. To qualify for this program, students must complete a Free Application for Federal Student Aid (FAFSA).
Supplemental Educational Opportunity Grant (SEOG)
This grant is available to students with exceptional financial need. Exceptional need is determined by the financial aid office based upon of the information the student provides on the FAFSA.
Federal Perkins Student Loan Program
The federal government makes funds available to students with no interest charges while they are in school, and an annual interest rate of 5% once they leave school. No payments are due, and no interest will accrue as long as the student maintains at least half-time enrollment in an approved school. The loan interest is deferred for six months after the student leaves school, and the first payments are due nine months after the student leaves school.
Federal Stafford Loan Program
Loans are available with a variable interest rate not to exceed 8.25% during the first four years. An insurance premium of approximately 1% and an origination fee of 3% are deducted from the loan prior to disbursement. The loans have a six-month grace period, and no payments are required until the student utilizes the grace period. Click here to download the Loan Form
Parental Loan Program
Loans are available to the parents of dependent students, with variable rates of interest from 9% to 12% annually. Interest accrues while the student is enrolled, and repayment begins within 60 days of receiving the student loan check. For parent borrowers, a credit application is required. Click here to download the Loan Form
Veterans Benefits
The University is approved for the training of veterans. Veterans who apply for admission should consult their local Veterans Administration office. The Office of Records will assist veterans in making arrangements.
Eligible veterans, reservists, and dependents of deceased or 100% disabled veterans may qualify for educational benefits through the Veterans Administration. Information regarding Veterans benefits may be obtained through the Office of Records or by contacting the local Veterans Affairs office.
University/Institutional Work-Study Programs
These programs provide on-campus job opportunities in a variety of positions. Efforts are made to assign students to positions that develop skills related to the goals of their academic programs.
Those who have been accepted as regular students, including those in the fifth-year Multiple Subject Teaching Credential programs and the graduate programs, may apply for financial aid. Students must submit a Free Application for Federal Student Aid (FAFSA) to a federal processor in order to determine their eligibility. Students must reapply for financial aid every year.
All students expecting to receive aid for the following academic year (late August through mid-May) should complete their applications prior to a recommended June 30 deadline in order to receive priority packaging. An award letter explaining what financial aid a student is eligible for will be forwarded to each student prior to the start of the semester.