BYU Financial Aid

Address: D-155 ASB
Provo, UT 84602
Phone: 801-422-4104
Service Categories:
Services Provided: Grants - Federal grants are free, need based college funding that does not need to be repaid. The following federal grants are available to eligible BYU students.

Pell Grant - Pell Grants are awarded solely on demonstrated financial need to eligible undergraduate students who have not already earned a bachelor's or professional degree.

ACG Grant - ACG Grants are available to first and second year undergraduate students who are receiving Pell Grants and who completed a rigorous secondary education as defined by the federal government. Visit http://www.ed.gov/admins/finaid/about/ac-smart/state-programs.html for more detailed eligibility information.

Smart Grant - National SMART GRants are available to third and fourth year undergraduate students who receive Pell Grants and who are enrolled in an eligible major. For a list of eligible majors at BYU, go to http://saas.byu/financialAID/finaid/grants/smart.php?box=two

Loans - Subsidized Stafford - if a student must borrow money to pay college expenses, Subsidized Stafford Loans are generally the first choice, because they have a low, fixed interest rate (5.6% beginning July 1, 2009) which makes them less expensive than other loans. Another advantage is that interest does not grow while students are enrolled in school at least-half time. Also, students do not need to make any payments until after they have been less than half-time enrolled for a continuous six months and there are no penalties for early repayment.

Unsubsidized Stafford - Unsubsidized Stafford Loans are generally the second choice of student borrowers. The only difference between this loan and the Subsidized Stafford is that interest does grow on the Unsubsidized Stafford while a student is enrolled in school.

PLUS - The Parent Loan for Undergraduate Students (PLUS) is a loan taken in a parent's name on behalf of their student child. PLUS loans have an 8.5% APR, fixed interest rate and monthly payments begin shortly after the loan is fully disbursed.

Original Source: United Way 2-1-1
Last Updated: 8/2/2013