Financial Aid

FEDERAL FINANCIAL AID

How to apply?

Free Application for Federal Student Aid (FAFSA)

The process for obtaining federal financial aid begins when you file the FAFSA (Application for Free Federal Aid) application for each academic year. You can complete the FAFSA electronically by accessing www.studentaid.gov. The electronic page allows you to select if you want to complete the application in English or Spanish. In addition, there you will find online support through "chat" in Spanish.

To complete the FAFSA, the student and parent (if a dependent student) must apply for a personal identification card (“FSAID”) which they will use to electronically sign their FAFSA application, entrance orientation, and required promissory note for student loans.

Eligibility will depend on the student's financial need, using a federal government formula, determined by the Estimated Family Contribution (EFC).

Remember that the Sacred code is
003937.
Make sure you have a copy of the Tax Return Form. If you are dependent, you need your parents' Tax Returns
If you had income from earned wages and it was not required to file an income tax return, you must also have Form W-2.
Pensions – before tax
Alimony received and/or paid
Other income received by parents and/or student
Also, you need your Social Security number.

Here are the links that can assist you in your application for federal aid:

Sagrado is committed to using the College Cost Transparency Initiative Principles and Standards in its financial aid offerings to students.

Free Federal Aid

Federal PELL Grant

Federal PELL Grant

To get your first baccalaureate
Must meet academic progress
It lasts 12 semesters / 6 years of study (600% LEU)
The amount to be granted will depend on the costs of study, total credits enrolled per semester and the Estimated Family Contribution (EFC)
To receive the maximum amount approved for a Pell Grant, you must have an academic load of 12 credits per semester or more.

Federal Supplemental Educational Opportunity Grant (SEOG)

Federal Supplemental School Opportunity Grant (FSEOG)

Fund subject to availability
To get your first baccalaureate
Concession to students who show greater economic need and credits enrolled per semester
Must meet academic progress
Maximum amount for one academic year = $600 ($300 per semester)

Federal Work-Study Program

Federal Work-Study Program

You must check the option on the FAFSA to be considered for the Work-Study program.
Eligibility will depend on the financial need of the student determined in their EFC and the availability of funds for this aid.
Must have a minimum part-time academic load (6 credits for undergraduates and 3 credits for graduates)
Maximum of 150 hours per period and 20 hours per week.
For more information go to: https://www.sagrado.edu/en/sagrado-careers/

Student Loans

Federal Direct Subsidized Loan (DLSUB)

Federal Direct Subsidized Loan (DLSUB)

Offers a low interest rate for eligible students.
You must be enrolled in 6 credits or more and do not exceed 150% of your study program
Must be an undergraduate student
The loan begins to generate interest once the student is separable from the institution.
Must complete Master Promissory Note and Entry Counseling
Has an origination fee and is reduced from the amount granted
Maximum amount for an academic year

First year $3,500

Second year $4,500

Third and fourth year $5,500

Federal Direct Unsubsidized Loan (DLUNSUB)

Federal Direct Unsubsidized Loan (DLUNSUB)

Available to undergraduate and graduate students.
Interest accrues while you are enrolled full time.
Maximum amount for one academic year = $2,000 new dependent income student and $6,000 independent first and second year student.
Must complete Master Promissory Note and Entry Counseling
You will have the option to pay the principal plus accrued interest after you finish school or enroll less than half-time
Has an origination fee and is reduced from the amount granted

Federal Direct Loan Plus (DLPLUS)

Federal Direct Loan Plus (DLPLUS)

Unsubsidized loans for parents of dependent students and for graduate and professional students.
You must not have a negative credit history.
Has an origination fee and is reduced from the amount granted
Offers a fixed interest rate and accumulates as long as the student remains enrolled in college
You must complete the Plus Master Promissory Note and the Entrance Counseling.

State Aid

Scholarship for Academically Talented Students (BETA)

Scholarship for Academically Talented Students (BETA)

You must have completed the FAFSA application.
Eligibility will depend on the financial need of the student determined in her EFC and the availability of funds for this aid.
Determination in accordance with the requirements established by the Government of Puerto Rico
Must have +3.0 GPA and study full time
Maximum amount for an academic year = $600 in a single semester of the academic year.