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Grants & Loans

Grants & Loans

Federal & State Programs

FIDM is an approved college for students to use CAL GRANTS A, B & C.

Federal Pell Grants

Money received from this program is a grant and does not have to be repaid. Aid is disbursed quarterly. This program is designed to provide financial assistance for students determined by the federal government guidelines to have financial need.

Federal Supplemental Education Opportunity Grant (SEOG)

This grant is available to students who demonstrate extreme financial need and is used to supplement aid from other assistance programs. Funding received from this program does not need to be repaid. Aid is distributed quarterly.

Federal Direct Subsidized Loan (also known as Federal Subsidized Stafford Loan)

This is a federal loan based on financial need and borrowed from the government. The federal government pays interest on the loan while the student is enrolled at least halftime. Repayment of the loan begins six months after the student leaves college or drops below half-time attendance.

Federal Direct Unsubsidized Loan (also known as Federal Unsubsidized Stafford Loan)

This loan is not based on financial need and the same process as the Direct Stafford loan determines eligibility. The terms of the loan are similar to the Direct Stafford loan; however, the student is responsible for the interest during in-school and deferment periods.

The annual limits for Direct loans can be found at: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized#how-much-can-i-borrow.

Federal Direct PLUS Loan

The Federal Direct Parent PLUS loan (for undergraduate students) assists parents with good credit histories in borrowing for their dependent student’s educational expenses. A creditworthy co-borrower may cosign the Parent PLUS loan with the parent. The Federal Direct Grad PLUS loan (for students in FIDM’s MBA program) can assist students with good credit to pay for their educationally related expenses. A creditworthy co-borrower may cosign the Grad PLUS loan with the student. Learn More.

Federal Work-Study Program (FWSP)

Aid received from this program consists of wages paid for work. Earnings are not applied to the student's account at FIDM. Students interested in participating in this program must contact FIDM's Financial Services Office.

Veterans Educational Benefits

FIDM is approved to participate in a number of programs administered by the Department of Veterans Affairs. Information regarding eligibility for the veterans educational programs may be obtained by calling the toll-free number 1-888-GI-BILL-1 (1-888-442- 4551) to speak with a Veterans Benefits Counselor or by visiting the website at: http://www.gibill.va.gov. Additional information about the application process for VA Educational benefits can be found in FIDM’s Veterans Information Bulletin (VIB) which may be obtained from the Registrar or the Financial Aid Office at FIDM, or at the Military Friendly section on FIDM.edu.

The following programs require California state residency:

Cal Grant A

This grant provides tuition & fee assistance to low- and middle-income students. Eligibility is based on financial need and academic qualifications.

Cal Grant B

This grant provides assistance for access and tuition & fees to disadvantaged and low-income students. Eligibility is based on financial need and academic qualifications.

Cal Grant C

This grant provides assistance with tuition & fees and books & supplies to career-oriented low-and middle-income students. Eligibility is based on financial need.

A Cal Grant award is limited to four academic years. A student must maintain full-time enrollment in order to graduate with a bachelor degree within four years.

The annual deadline to apply for Cal Grants is March 2.