FINANCIAL AID INFORMATION

Provided by Lifelong Learning

Types of Financial Aid

It is important that a student understand the different types of financial aid that are available. Listed are some common
terms that will help students in deciding which type of financial aid to search and apply for.
• GRANT- financial aid that students do not have to pay back.
• FEDERAL PELL GRANT- an award to help undergraduates pay for their education. Eligibility is determined by
a standard formula, which produces an Expected Family Contribution (EFC). How much the student will get
depends on the EFC, the cost of the education, and whether the student is full or part-time.
• FEDERAL STAFFORD LOAN- a low interest loan made to students. Funds come directly to the student from
the U.S. Government.
• FEDERAL PERKINS LOAN- low interest loan to help undergraduate or graduate students with exceptional
financial need, as determined by the school. Your school is the lender and the loan is made with government funds.
Your must repay this loan to your school.
• LOANS- borrowed money that students must repay with interest.
• PLUS LOAN- a loan parents may take out to pay for a child’s college education, if the child is a dependent and at
least half time for undergraduate study
• FEDERAL WORK STUDY- provides jobs for undergraduate and graduate students who need financial aid. It
gives the student a chance to earn money to pay for education expenses. The program encourages community
service work and work related to the student’s course of study.
• WORK-STUDY- lets the student work for the school to earn money to help pay for school.
Students interested in grants and loans should contact the Financial Aid office at the college or university that you plan on
attending. They can provide you with information and application forms.

Dependent Educational Assistance Programs

The Navy-Marine Corps Relief Society (NMCRS) provides financial aid to military spouses and family members. The 5
bullets bellows are programs that are run through NMCRS. All applicants must:
- maintain a 2.0 grade point average (on a 4.0 scale)
- be enrolled or plan to enroll as a full-time undergraduate student
- fill out a new application for each academic year

Spouse Tuition Aid Program (STAP) is available to spouses of active duty Navy and Marine Corps personnel in
OCONUS (overseas) location pursing full or part-time enrollments in vocational certification, undergraduate, or graduate
degree programs.

VADM E.P. Travers Scholarship and Loan Program provides financial assistance to spouses and unmarried dependent
children of active duty members as well as unmarried dependent children of retired Marine Corps or Navy members.
Provides interest free loans of up to $3000 and grants up to $2000 per academic year.

Bridge Loans for Tuition Assistance Program and GI Bill the society offers loans to cover all or a portion of the service
member’s share of the cost under the Navy Department’s Tuition Assistance Program (TAP). Bridge loans are also offered
to allow enrollment under the GI Bill if education benefits from the Department of Veterans Affairs are not received in time
to permit enrollment.

USS Tennessee Scholarship Fund provides grants of up to $2000 for an academic year to dependent children of service
members who are serving or have served aboard the USS Tennessee.

Admiral Mike Boorda Scholarship Program provides grants of up to $2000 for an academic year to students in the
following military commissioning programs: ECP, MECEP, MECP, and NROTC. Applications must be reviewed and
endorsed by the student’s commanding officer.

Financial aid information is available all over the internet. BEWARE OF SCAMS! You should not have to pay to receive
information on financial aid. The best place to start is with the financial aid department of the school you are planning to

Updated 21 September 2010

 FINANCIAL AID INFORMATION
Provided by Lifelong Learning
attend. The Education Center also has a large variety of printed financial aid resources that you can review at your
convenience.
FINANCIAL AID WEBSITES

Each state offers financial aid programs to Veterans and their family members. Please check with your home of record’s
State Department of Education for more information. A list of each state’s Department of Education information can be
found at http://wdcrobcolp01.ed.gov/Programs/EROD/org_list.cfm?category_cd=SEA

The Marine Corps Scholarship Foundation is a private, non-profit organization that provides scholarship opportunities
for dependent children of Marines in pursuit of higher education. www.marine_scholars.org

The American Legion publishes scholarship opportunities for dependent children of veterans of the Armed Forces.
1-888-453-4466 www.legion.org/programs/resources/scholarships

The U.S. Department of Education runs a number of financial aid programs benefiting civilian military students. You can
call the Federal Student Aid Information Center at 800-USA-LEARN www.ed.gov

The Smart Student Guide to Financial Aid is available on the web. This site provides valuable information for researching
financial resources, finding forms and instructions, and answering financial aid questions, and useful search engines for
scholarships. www.finaid.org

National Military Family Association (NFMA) This site contains information on education for spouses and children of
Active Duty military. www.nmfa.org

The Free Application for Federal Student Aid (FAFSA) allows you to allow for financial aid and is available online.
This site answers frequently asked questions in addition to allowing the student to complete the application, reducing the
time needed for processing. www.fafsa.ed.gov

The College Foundation of North Carolina publishes information on their website to assist student in finding appropriate
financial aid and scholarship opportunities. www.cfnc.org

Military Officers Association of America (MOAA) www.moaa.org/serv/serv_education/index.htm

Defense Commissary Agency This site offers scholarships for military children. www.commissaries.com

There are Free scholarship databases that you can use to search for financial aid
www.fastweb.com www.scholarships.com

Scholarship and Financial Aid Explorer www.mcSFex.net

Officer’s Wives Club -at Camp Lejeune 910-451-2658 www.lejeune.usmc.mil/owc

-at MCAS New River 910-388-0300 www.newriverosc.org

SNCO Wives Club - at CLNC 910-451-5591 -MCAS 910-449-5396

VA Mortgage Center – has a Military Education scholarship Program available to Active-Duty personnel, veterans, and
their children. www.vamortgagecenter.com

Fleet Reserve Association: USN-USMC-USCG provides scholarships for members and their spouses, children, and
grandchildren. www.fra.org

Peterson’s provides consumers with in depth information they need to make informed decisions about their education or
career. Their financial aid database consists of scholarships, grants, and prizes fully searchable on the internet.
www.petersons.com

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 FINANCIAL AID INFORMATION
Provided by Lifelong Learning
Military One-Source – Provides assistance for spouses of active duty personnel. Please contact them via phone or email
for assistance. The toll-free phone number is(800) 342-9647; www.militaryonesource.com
Look in the Online Libraries as well as the Paperback and Playaway section of Military One Source to access information on
the Allied Health and Nursing profession, graduate school search, college entrance exam test prep, civil service entrance
exam test prep and so much more. It is all FREE.

Updated 21 September 2010