Scholarships, Grants and Loans
A Nationally Recognized Education that is Affordable
The Office of Enrollment Management assists students in creating a financial plan that fits their current needs and their future goals in the following ways:
- Through academic and/or co-curricular merit scholarships that over 60 percent of Arcadia undergraduate students receive.
- Through federal and state grants, student loans and campus employment that provide additional financial support for qualifying students.
- Through the Arcadia University Office of Enrollment Management, which works closely with students and their parents to assist in every phase of the financial aid process.
- Through outside scholarships that Arcadia can help students research.
At Arcadia University, 99 percent of full-time undergraduates receive need-based and/or merit-based grants and scholarships through the University. These scholarships and grants are made possible through the generous gifts of alumni, parents, faculty, staff and friends of Arcadia University. This financial program works to make the unique Arcadia experience affordable.
Click to view Arcadia's Title IV Loan School Code of Conduct.
Recent Updates:
Obama administration officials announced two initiatives aimed at lowering monthly student loan payments for borrowers struggling to repay their loans.
Under the administration’s plan:
- Students with both Federal Family Education Loans (FFEL) and Direct Loans will be offered an incentive to participate in a special consolidation into the Direct Loan program. Check out: (http://www.loanconsolidation.ed.gov) for more info.
- More generous income-based repayment (IBR) terms will be fast-tracked to become effective in 2012 instead of 2014
Currently, nearly 6 million students have loans from both FFEL (bank-based) and Direct Loan (DL) servicers. The administration plans to offer repayment incentives for students with split servicers if they move all of their loans over to DL. Specifically, students would be able to receive up to a 0.5 percent reduction to the interest rate on some of their loans. Students would be able to do this beginning January 1, 2012 and through June 30, 2012. The Administration has referred to this initiative as a "special" consolidation where students will be able to keep the terms and conditions of their initial loans. The new plan would be available to students who are currently in school and receive a federal loan in 2012.
In 2010, Congress passed changes to the IBR program to limit monthly payments to 10% of discretionary income (down from the current 15%) and forgiving remaining debt after 20 years (down from the current 25 years). The Obama administration hopes to implement these changes, deemed the "Pay As You Earn" plan, two years ahead of schedule, beginning in 2012.
