| Converse College seeks to make education possible for
Converse II students through grants, as well as federal and state
loan programs. |
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| Getting Started |
| To be considered eligible for financial aid, you must
first apply and be accepted into a degree program
prior to the term for which you wish to receive aid. Although
Converse operates on a rolling admissions basis, it is best to apply
as early as possible. |
 Complete
the Free Application for Federal Student Aid (FASFA) as soon
after January 1 as possible. Submitting the FAFSA determines your
eligibility for federal and state need-based assistance. The FAFSA is available online at www.fafsa.ed.gov. |
- List Converse College on the FAFSA, and
your information will be sent directly to the College for
processing. The Title IV School Code for Converse College is
003431
- Once your FAFSA results, Converse financial aid application, and admissions information have been received, Converse will send
an award letter containing the details of your financial aid
package.
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| Sources of Financial Assistance |
| Grants: |
| South Carolina Higher Education Tuition Grant:
This is available yearly to students who attend the State's private
colleges on a full-time basis and who demonstrate need
as computed according to federal criteria. You must be pursuing your
first bachelor’s degree. Eligibility is based on your level of
financial need as determined by the FAFSA. To be eligible to
receive this grant for the following school year, you must file the
FAFSA before June 30. |
Federal Pell Grant: Grants awarded by
the U.S. Department of Education to the neediest of students.
TEACH Grant |
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| Loans: |
| Federal Subsidized Stafford Loan Program: The
Stafford Loan Program is a low-interest loan made to students from
an outside lender. Freshmen are eligible for up to $3,500,
sophomores can receive up to $4,500, and juniors and seniors can
qualify for up to $5,500. The interest rate for new borrowers is set at 5.6%. The interest is paid to the
lender by the federal government while the student is enrolled in
school at least half-time. Repayment of the loan and interest begins
six months after the student drops below half time, withdraws, or
graduates, and may extend over ten years depending upon the amount
borrowed. If you are eligible to borrow under this program, the
Office of Financial Assistance will notify you on your award letter. Eligibility is based
on your level of financial need as determined by the FAFSA. |
| Federal Unsubsidized Stafford Loan Program:
Students who do not qualify for a subsidized Stafford Loan or who
are not eligible for the full Stafford Loan amounts are eligible for
the unsubsidized Stafford Loan. The unsubsidized loan program
incorporates the same interest and repayment guidelines as the
Federal Stafford Loan Program with the following exception: under
the unsubsidized program, interest begins accruing while the student
is enrolled. Interest may either be paid during the deferment period
or may be capitalized; in which case the interest will be added to
the principal amount of the loan. All students are eligible for this
loan, however, you must file the FAFSA to qualify. The current interest rate for unsubsidized Stafford loans is 6.8%. |
| South Carolina Teachers Loan Program: To
encourage talented and qualified South Carolina students to enter
the teaching profession, the State of South Carolina developed the
Teachers Loan Program to assist students with college expenses. The
loans can be canceled at the rate of 20% per year by teaching in
South Carolina public schools in state-designated areas of critical
need. Applications are available in the Office of Financial
Assistance beginning in January for the following academic year. The
deadline for applying is June 1st. |
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| Contact Us |
| If you have any questions or comments about the
financial aid process, please contact the Office of Financial
Assistance at (864) 596-9019 or financial_aid@converse.edu. We're here to help. |
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