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Financial aid

Important information about financial aid

The U.S. Government offers grant and loan programs designed to help pay tuition and fees. Aid can be used to pay for tuition, textbooks, fees and living expenses. Grants do not have to be repaid, except under certain circumstances and loans must be repaid. Read carefully about financial aid below. Financial aid advisors are available to answer questions.

Federal financial aid

The U.S. Government offers a number of grant and loan programs to help eligible students finance their college and graduate school educations. They can help you pay for your education expenses.

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Private loans

You can also apply for private educational loans, which are credit-based funds provided by outside, nonfederal lenders to pay for the difference between the cost of attendance and amounts received through other programs. The terms and conditions of federal loans are often more favorable than private loans and should be considered before exploring private loans.

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Financial aid code of conduct

Strayer University expects the highest levels of professionalism and ethical behavior from all officers, employees and agents whose responsibilities include student financial aid.

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Financial aid policies

Strayer University participates in a variety of financial aid programs in order to assist students in paying for their postsecondary education. The university must comply with state and federal requirements for each program. 

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Managing student debt

Student loans can be a helpful tool to help you reach your educational goals. However, as a student, you must borrow responsibly – the money you receive now to pay for school must be paid back later.

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Student exit counseling

Before graduating, withdrawing or dropping below half-time enrollment, federal student loan borrowers are required to complete exit counseling.

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How to apply for financial aid

Here are application steps, tips and approximate completion times to apply for financial aid.

  1. Get an FSA ID
    Create an FSA ID to access the federal student aid online system. The ID also serves as your legal signature during the financing process.

  2. Fill out the FAFSA
    Complete the Free Application for Federal Student Aid (FAFSA) form here. It will take approximately 20 minutes to complete.

  3. Complete the loan entrance counseling form
    If you’ve never gotten a Direct Loan or Federal Family Education Loan, you’re required to complete entrance counseling to ensure that you understand the responsibilities of taking out student loans. This step will take 20-30 minutes to complete.

  4. Sign the Master Promissory Note
    When you apply for Federal student loans, you must promise to repay them, along with any interest and fees. Here’s a list of forms to fill out. This step will take you about 30 minutes to complete.