What kinds of financial aid programs are there?
Federal Pell Grant
Eligible students at The Manhattan Institute who have not received a Bachelor's degree may receive this grant based on financial need. Federal Pell is a grant that does not need to be repaid. Click here for Information about Federal Pell Grants from the U.S. Department of Education.
Federal Direct Student Loan Program: Stafford Student Loans
All eligible students at The Manhattan Institute are able to borrow a traditional “student loan” from the Federal Direct Student Loan Programs. These loans are called Federal Stafford Loans, and the interest on these loans may be subsidized and unsubsidized. Click here for Information about Stafford Loans from the U.S. Department of Education.
Federal Direct Student Loan Program: Parent PLUS Loans
The parents of dependent students at The Manhattan Institute are generally able to borrow a parent PLUS loan from the Federal Direct Student Loan Program. Parents can borrow up to the full cost of education (minus any other aid received). Click here for Information about Parent PLUS Loans from the U.S. Department of Education.
About Federal Student Loans: Important Information
If your financial aid package includes a federal student loan, there are some things you need to do before your loan will be processed. Your Financial Aid Advisor will guide you through these steps.
Before students can borrow under the Federal Direct Student Loan Program, they must complete an "Entrance Interview.” The Manhattan Institute will process Federal Stafford Loans through the Federal Direct Student Loan Program (FDSLP) and will use the Direct Lending Entrance Counseling online process provided by the U.S. Department of Education (DOE). All students will be referred to the appropriate website for this purpose and assistance will be provided if needed. Federal Direct loans will not be disbursed until the student’s entrance counseling has been completed and proper documentation has been obtained.
Prior to graduating, student borrowers will be informed of the necessity to complete Exit Counseling via the Direct Lending Exit Counseling online process provided by the DOE. Each student will also be provided an informational brochure and a loan information printout that details his/her indebtedness according to the school’s records.
Social Security Survivor Benefits
Social security Survivor Benefits may continue to be available to students after the age of 18 if they continue enrollment in an accredited institution of higher education. Students should check their local social security office for information on continued eligibility and benefits.
Federal Aid to Native Americans
Educational Benefits are available to students who are Alaska Natives, enrolled members of a federally recognized Indian Tribe, or at least ¼ degree Indian blood descendent of a federally recognized tribe. Most programs are based on financial need and the availability of funds. Eligibility is determined and administered by your tribal government and may be awarded in successive years based on the students satisfactory academic progress. Information and applications are available from the education office of the tribe with which you are affiliated. Information is also available from the Bureau of Indian Affairs, Washington, D.C. 20245 or visit the Bureau of Indian Affairs website.