La Belle is approved to offer financial aid to those who qualify. The Federal Financial Assistance Programs available to students enrolled in an eligible program are:
Provides assistance for students meeting financial need in the form of grants that normally do not have to be repaid. Financial need is determined by a federal formula that considers your household income along with other factors. This information is gathered on the Free Application for Federal Student Aid (FAFSA) and submitted to U.S. Department of Education.
The amount you receive will depend on your need. You can let us guide you through the process, contact us with questions or check out the following helpful sites:
Is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. This is a loan that must be paid back at a low, variable interest rate. The school participates in the following Federal Direct Loan Programs:
William D. Ford. Federal Direct Subsidized Loan is a type of loan that is need based. The government pays your interest while in school, for the first 6 months after you leave school (referred to as a grace period) and under certain circumstances that lead to deferment periods. Direct Subsidized loans with a first disbursement date between July 1, 2014, and June 30, 2015 hold a 4.66% interest rate.
With a William D. Ford. Federal Direct Unsubsidized Loan here is no need to demonstrate need with an unsubsidized loan but you are responsible for paying the interest on the loan during all periods. Direct Subsidized loans with a first disbursement date between July 1, 2014, and June 30, 2015 hold a 4.66% interest rate.
William D. Ford. Federal Direct Parent Loan for Undergraduate Students (PLUS) Program offers unsubsidized loans for the parents of dependent students to help offset the cost of tuition. The maximum loan amount is the student’s cost of attendance minus any financial aid received. The borrower must not have an adverse credit history and pays interest during all periods. The interest rate for PLUS Loans with a first disbursement between July 1, 2014, and June 30, 2015 is 7.21%
To apply for any Direct Loan, you must first complete and submit the Free Application for Federal Student Aid (FAFSA®). We can help you apply or you can do so online at Fafsa.ed.gov. and speak with an admissions rep later on. Be sure to reference the campus ID number 017272 for any Miami campus or 014746 for the Hialeah Campus. We will use the information you provided on the FAFSA to determine how much student aid you are eligible to receive.
An FSEOG is a grant that does not have to be repaid. To be eligible for an SEOG, you must first complete a FAFSA to determine your need. Awards depend on your financial need and the availability of funds to the school. Pell Grant Recipients with the highest need receive priority. This grant does not have to be repaid.