Other types of potential financial aid and financial information are described below. The Financial Aid Office recommends students and families explore all possible sources of funding and other financial assistance.
Pennsylvania Higher Education Assistance Agency (PHEAA) Special Programs
PHEAA offers other aid programs that provide funding for higher education. These programs, which carry a very specific set of eligibility requirements, are primarily in the form of grants or scholarships. Learn about other funding opportunities sponsored by PHEAA.
Sponsorship is available to certain students based on pre-existing criteria, such as a physical or learning disability, displaced worker status (TRA/TAA), job training eligibility (WIA), or employment by a sponsoring company or organization.
The Pennsylvania Office of Vocational Rehabilitation (OVR) provides vocational rehabilitation services to help persons with disabilities prepare for, obtain, or maintain employment. Contact your local OVR office to see if you are eligible for vocational rehabilitation services, which may include education to help prepare you for a job.
The TRA/TAA Trade Act of 1974 is a government program that provides training and other benefits for individuals separated from employment due to foreign trade. Services provided by Counseling Services include intake interviews, help completing the Application for Individual Training, course break-outs, and other support services. To find out if you qualify for this service, contact your local PA CareerLink.
AmeriCorps is a federal 'service' program that can help you pay for college or repay student loans after you complete your service.
Work-Study and Earn & Learn
The Federal Work-Study Program is based on need, and provides Penn College students with the opportunity to work up to 15 hours per week to earn money to help pay for educational expenses.
The Earn & Learn Program, administered by the Career Services Office, helps you find off-campus employment regardless of financial aid eligibility
The Pennsylvania College Savings Program (529 Plan) is the tax-smart way to save for college. The program offers three college savings vehicles to help you and your family meet the financial challenges college presents. Sponsored by the Pennsylvania Treasury Department, the program provides a unique combination of state and federal tax advantages, diversity of investment options, high contribution limits, and no age or income restrictions.
Federal Tax Incentives
Students and parents of dependent students that file federal income taxes may be eligible for a tax credit or deduction for qualified education expenses, specifically payments of tuition and fees (including payments credited by educational loans). For more information on the Hope Credit, the Lifetime Learning Credit and the Tuition and Fees Deduction, visit the Tax Breaks for Higher Education page provided by the National Association of Student Financial Aid Administrators (NASFAA).
Personal (non-financial aid) Options
Home equity loans, or second mortgages, can be acceptable options for paying for college, especially if the interest rates are low. You deal strictly with your lender, and there is no impact on any other financial aid you may be eligible to receive.
Personal lines of credit allow you to pay for college expenses as they occur and repay the funds in accordance with the provisions you make with your lender. You deal strictly with your lender, and there is no impact on any other financial aid you may be eligible to receive.
- FAFSA and Federal Student Aid FAQs
- 2019-20 FAFSA Questions
- Federal StudentAid.gov
- The SmartStudent Guide to Financial Aid from FinAid, a private company
- PHEAA State Grant FAQs
- Selective Service System register online
- Request a Tax Return Transcript from the Internal Revenue Service
- IRS Help in Determining your Tax Filing Status
- Request a Proof of Income Statement from the U.S. Social Security Administration