Brigham Young University (BYU) Financial Aid and Scholarships
Students Receiving Aid
73%
Total Aid Amount
$159.339M
Financial Aid Official Website
https://financialaid.byu.edu/
Brigham Young University (Provo) makes enough room for you to take the advantage of financial aid in the form of scholarships, grants and different categories of loans. They believe that a student must be judged by the holistic development of their personality rather than their financial strength.
The university shows you the path towards a more financially secure education system by recommending you to fill up the FAFSA form. The scholarships and aids that you are eligible for may vary depending on the category of student you fall under. For example, you can be a graduate student or undergraduate student or maybe a visiting or a home-school student. You may also visit their official site for knowing more about their financial aid categories. Here you will also be able to get access to personalised updates and information under the ‘My Aid Dashboard’ section.
Brigham Young University (Provo) makes enough room for you to take the advantage of financial aid in the form of scholarships, grants and different categories of loans. They believe that a student must be judged by the holistic development of their personality rather than their financial strength.
The university shows you the path towards a more financially secure education system by recommending you to fill up the FAFSA form. The scholarships and aids that you are eligible for may vary depending on the category of student you fall under. For example, you can be a graduate student or undergraduate student or maybe a visiting or a home-school student. You may also visit their official site for knowing more about their financial aid categories. Here you will also be able to get access to personalised updates and information under the ‘My Aid Dashboard’ section.
Scholarships
The BYU generously offers freshman scholarships to almost one-fourth of the new students. Prospective students may also apply for this loan in advance. The criteria for choosing the recipient of these scholarships is ACT and SAT scores and also the high school GPA.
The Continuing Student Academic Scholarship is provided to those students who can meet the cut-off set by the university. The transfer students are however eligible for scholarships only after fulfilling a 12-credit hour period.
The university also in few cases may provide certain departmental scholarships. Apart from these, special spring and summer scholarships are also offered to the existing students based on their performance. Only under graduation students are eligible for the spring-summer scholarships. International students however will need to apply separately through the official site in order to get a scholarship.
BYU has purchased a licensed software which is a third-party scholarship provider named the Scholarship Universe. Students desiring for a scholarship are advised to make a profile in the Scholarship Universe and based on the information that they provide, the scholarship details will be provided. This is basically an off-campus scholarship that you can avail.
Grants
Grants primarily include the Federal PELL Grants which depend on your EFC-expected family’s contribution as per the information given in your FAFSA and the documents provided during the admission. In order to view the breakdown of the total amount of PELL Grants, you can view the MyAid Dashboard.
Additional PELL Grants are also available for the third semester, if you have already received the Pell Grant for the previous two semesters. The additional Pell Grants is basically an extra financial support to those who are in dire need of funds to backup their education.
Loans
You can start with the repayment of the loan once the amount is fully disbursed. In order to find out more details and specificity of the loans, you may log in to the National Student Loan Data System(NSLDS) using your FSA ID.
BYU has also entered into a contract with ECSI (Educational Computer Systems, Inc.) for generating their long-term loans. For more details regarding your BSU long term loans, you may visit BYU Financial Services.
The university understands that education stands as a very important investment and hence it also provides you the necessary guidance that you need about loans. In order to take their service, you have to be an existing student of the institute and can check out the following link Financial Fitness Center.
Federal subsidized loans are available to the students at an interest rate of just 4.53%. The federal unsubsidized loans can be undertaken also at 4.53% interest rate for undergraduate students and 6.08% for graduate candidates and students going for a professional degree. In addition to the following you might also be eligible for Federal PLUS loans and other private loans.
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