In order to make informed decisions about your financial aid, it is important to know your options and know the difference between all types of financial aid offered at PIMS.


Grants are money provided by the federal or state government entities that do not require any repayment. To apply for grants, you must complete the FAFSA. Here are the grants offered at PIMS:.

  • Federal Pell Grants: The Pell Grant is a need-based grant thats eligibility is determined by the FAFSA and ultimately by the student’s expected family contribution (EFC), PIMS’ cost of attendance, and the student’s enrollment status. Students who have earned a bachelor degree are not eligible.
  • Federal Supplemental Educational Opportunity Grants (FSEOG): FSEOG is a grant for undergraduate students with exceptional financial need. The grant is awarded on a first come, first serve basis. Students apply by submitting a FAFSA.
  • PHEAA Grant: This state funded program allows eligible Pennsylvania residents to obtain financial assistance. Awards are based on financial need. Students must be enrolled at least half-time and students who have earned a bachelor degree are ineligible to receive this grant. The FAFSA serves as the PHEAA application with the exception of the summer term where students must apply directly on the PHEAA site.


Scholarships are money provided  outside organizations that do not need to be repaid. They are typically based on academic achievement.


Popular Scholarship Resources:






Loans are funds that are borrowed from government entities or private institutions that must be repaid with interest. To apply for federal loans, you must complete the FAFSA. Here are the loans options available at PIMS:

  • Federal Direct Subsidized and Unsubsidized Loan: The Federal Direct Student Loan Program is the most widely used student loan program for students interested in borrowing to help meet educational expenses. The Federal Direct Subsidized Student Loan does not accrue interest while you are enrolled in classes at least half-time, but the Federal Direct Unsubsidized Loan accrues interest starting at the date of disbursement. Borrowing limits, interest rates, and terms of repayment are determined and regulated by the U.S. Department of Education. Students apply for these loans via the FAFSA.
  • Federal Direct Parent PLUS Loan: The Federal Parent PLUS Loan Program enables parents with good credit histories to borrow money to pay the education expenses of their children. The student must be a dependent student making Satisfactory Academic Progress and attending school at least half-time. Parents should contact the PIMS FA Office for instructions on how to apply and to inquire about loan limits.
  • Private Education Loan: Students and their families can borrow additional loan funds to help meet their college costs using private education loan programs. These credit based loan programs are provided by commercial lenders and are not supported by state or federal financial aid funds. Some private education loans may require interest payments while the student is enrolled in school. In addition, students need to be aware that interest rates and repayment plans will vary with private educational loans to be aware of this information prior to applying.

Veterans Affairs Benefits

If utilizing Veterans Benefits, the student must apply with the appropriate VA office and provide to the PIMS FA Office a letter of eligibility or if a letter of eligibility or other documentation is not available please send an email with the following information: the type of benefit the veteran qualifies for and the contact information for the educational officer they are working with. PIMS does participate in the Yellow Ribbon program.