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Online Undergraduate Aid
The financial aid process can seem overwhelming. It doesn’t have to be.
We are here to help you every step of the way. In the spirit of Great Hospitality, we believe a high-quality, Christian education should be accessible and affordable. That is why 100% of our undergraduate students receive tuition assistance through financial aid. Together, we will find a financial aid package that will make your journey to Anderson University a reality.
Undergraduate students can apply for financial aid as early as October 1 each year and may be eligible for institutional awards, Federal and State financial aid, and outside funding. Types of financial aid are listed below.
Have any questions? We’re happy to help.
Office of Financial Aid & Scholarships
316 Boulevard, Anderson, SC 29621
864.231.7555 | Aid@AndersonUniversity.edu
FEDERAL GRANTS
A federally funded grant based on need determined by the Free Application for Federal Student Aid (FAFSA). Eligibility and amounts are determined by a student’s financial need, which is calculated as the Expected Family Contribution (EFC) determined by the FAFSA minus the Cost of Attendance as determined by the institution. Number of credit hours enrolled will also impact the award amount. The Federal Pell Grant does not have to be repaid and is a program for students who have not previously earned a baccalaureate degree. Pell Grant is considered the foundation of federal financial aid to which aid from other federal and non-federal sources might be added. A student can only receive the Pell Grant for up to 12 full-time semesters. Students can track their remaining Pell Grant eligibility on their Student Aid Report.
The Federal Supplemental Educational Opportunity Grant is awarded to students depending on their financial need, the availability of FSEOG funds at Anderson University, and the amount of other aid received. In order to be eligible for consideration for the FSEOG a student must be eligible for a Federal Pell Grant. Funding is limited. The Office of Financial Services awards this grant on a first come, first served basis.
FEDERAL DIRECT LOANS
A low interest loan made by the U.S. Department of Education. Borrowers must be enrolled at least half-time in a degree seeking program and otherwise eligible. This loan does not require a credit check. To apply, students must complete a Free Application for Federal Student Aid (FAFSA), complete an online Entrance Counseling session, and sign a Master Promissory Note (MPN). To decline federal student loans, students can email Aid@AndersonUniversity.edu.
A subsidized loan is awarded on the basis of financial need. No interest payments are required before repayment begins or during an authorized period of deferment. The federal government subsidizes the loan during these periods by paying the interest for the student.
A low interest loan made by the U.S. Department of Education. Borrowers must be enrolled at least half-time in a degree seeking program and otherwise eligible. This loan does not require a credit check. To apply, students must complete a Free Application for Federal Student Aid (FAFSA), complete an online Entrance Counseling session, and sign a Master Promissory Note (MPN). To decline federal student loans, students can email Aid@AndersonUniversity.edu.
A unsubsidized loan is not awarded on the basis of financial need. The student will be charged interest from the time the loan is disbursed until it is paid in full. If interest is allowed to accumulate, it will be capitalized which means the interest will be added to the principal amount. Then interest will be charged based on this higher amount. Capitalization will increase the amount that must be repaid. If the student chooses to pay the interest as it accumulates, loan payments will cost less.
Repayment begins six months after graduating or dropping below half-time enrollment. This six month period is referred to as a grace period.
The Parent PLUS Loan is a federal loan available to parents of dependent students. The parent must be the student’s biological or adoptive parent or the student’s stepparent if the biological or adoptive parent has remarried at the time of the application. Eligibility is determined by a credit check. Monthly repayment begins when the loan has fully disbursed and can vary based upon the interest rate and loan amount borrowed.
Students must complete a Free Application for Federal Student Aid (FAFSA) and be enrolled at least half time. Students should consider borrowing the Federal Direct Subsidized and Unsubsidized Loans as available before a parent borrows a PLUS loan. The interest and origination fee are higher for a PLUS loan than for Subsidized and Unsubsidized loans.
To apply, parents must use their FSA ID to complete a Parent PLUS Loan application and, if approved, complete a PLUS Loan Master Promissory Note (MPN).
SOUTH CAROLINA STATE AID
Awarded to First-Time Freshmen or transfer students who meet the eligibility requirements. Recipients selected by the South Carolina Higher Education Tuition Grants Commission. LIFE and HOPE recipients do not qualify.
- 3.5 high school GPA; and
- 1200 SAT or 25 ACT; and
- Top 6% rank in their graduating class
Without regard to rank (Alternative Criteria)
- 4.0 GPA; and
- 1400 SAT or 31 ACT
Awarded to First-Time Freshmen or transfer students who meet the eligibility requirements. Recipients selected by the South Carolina Higher Education Tuition Grants Commission. Palmetto Fellows and HOPE recipients do not qualify.
- 3.0 high school GA; and
- 1100 SAT or 22 ACT; and
- Top 30% rank in their graduating class
One year only scholarship that is awarded to First-Time Freshmen or transfer students who meet the eligibility requirements. Recipients selected by the South Carolina Higher Education Tuition Grants Commission.
- 3.0 high school GPA
- Attend an eligible four-year institution
At the end of a SC HOPE recipient’s first year, the student may be eligible to receive LIFE Scholarship in subsequent years if he/she meets renewal requirements.
Awarded to students (freshmen not eligible) who are a Palmetto Fellow or LIFE scholarship recipient. Eligibility is determined by academic program and maintaining academic requirements during the student’s freshmen year of college.
Awarded to First-Time Freshmen or transfer students. This is a need-based grant.
OTHER FUNDING OPTIONS
Private Student Loans, also called Alternative Loans, are a last resource for students who are not eligible for other financial aid or who may need additional funds to meet education expenses. Private loans should be considered only when all other options have been exhausted, including federal student loans or other federal financial aid options for which you might qualify.
Private loans typically have higher interest rates than federal students loans, are credit-based, and do not always offer the same benefits as federal student loans. Students are responsible for finding the company through which they want to obtain a private loan. To research and apply, students can seek loan options through Banks, Credit Unions, and other various Student Loan Servicer.
Anderson University is proud to partner with the U.S. Department of Veteran Affairs in assisting our military veterans in obtaining their education. Veterans and the children of veterans should consider whether they qualify.
Many organizations offer their employees full or partial tuition reimbursement for furthering their education. Talk to your employer’s Human Resources Department to see if your organization offers tuition reimbursement benefits.
Persons with physical disabilities which are vocational handicaps are eligible for financial aid from a State Department of Vocational Rehabilitation. Information may be obtained from the Vocational Rehabilitation Department in the student’s home state.
Students or parents with 529 College Savings Plans can contact the Anderson Central Office for more information about using these funds to pay toward their bill at Anderson University.
