Saint Charles Borromeo Seminary participates in the Federal Direct Student Loan Program, the Federal PLUS loan, the Federal Pell Grant Program, the Federal Academic Competitiveness Grant (ACG), the Federal Supplemental Educational Opportunity Grant Program, and the Pennsylvania Higher Education Assistance Agency (PHEAA) Grant Program. Besides these federal and state programs, private donors and foundations may also provide financial aid. All these dollars are disbursed in the form of grants, scholarships, and loans.
Loans are “self-help.” Loans are monies that must be repaid to the Federal Government by the seminarian. These are usually characterized by interest rates and monthly payments that are much lower than personal loans.