Federal Grants & Loans

Filing the FAFSA unlocks potential for both grant aid and direct loans from the U.S. Department of Education’s Office of Federal Student Aid. Grants may be used for educational expenses and do not require repayment of any kind. Federal Direct Loans are easy to obtain for students and parents alike and offer flexible repayment options. Here is a helpful video that frames federal aid programs.

  • Federal Grant Programs: The Office of Federal Student Aid (within the U.S. Department of Education) processes your FAFSA and awards eligibility to its aid programs. The website, http://www.studentaid.ed.gov/types/grants-scholarships, walks you through the types of available programs, terms of eligibility and process.
  • Federal Direct Loans: Accessing these loans requires that you file your FAFSA. You’ll work directly with Manchester to seek approval (when necessary), complete registration and handle distribution of funds.
    • For Students: You will be automatically eligible for loans once your FAFSA is processed. These loans allow you to defer payment while in school and have both long-term and income-based repayment options.
    • For Parents: You can seek approval for a PLUS Direct Loan. These loans may be deferred while your student is enrolled and offer 10-year repayment plans.

Federal financial aid can be a lot to comprehend. Reach out to your Manchester admissions counselor to discuss your questions.