Financial Aid Overview
Contact Information:
Cardinal Central
Web: nic.edu/cardinalcentral/
Email: cardinalcentral@nic.edu
Financial aid funding assists students in offsetting the cost of a college education including tuition and fees, room and board, books, supplies, transportation, and miscellaneous expenses. Gift funding may be in the form of grants and scholarships. Self-help funding is aid in the form of student loans and also includes money that may be earned through the college work-study programs.
Funding Sources
Source of Funding | Eligibility Requirements | Maximum Amounts |
GRANTS | ||
Federal Pell Grant (PELL) | An undergraduate student who has NOT received a bachelor’s degree. | The maximum award for the school year is $7,395 (based on the student's number of eligible Title IV credits). |
Federal Supplemental Educational Opportunity Grant (FSEOG) | An undergraduate student who demonstrates exceptional financial need. | The Financial Aid Office determines the award amount. |
Cardinal Grant | Determined by various NIC departments. | The maximum award cannot exceed the cost of tuition and fees. Awarded by various NIC departments. |
SCHOLARSHIPS | ||
Complete the NIC Foundation Scholarship Application. Determined by the donor. Awarded by the various NIC Scholarship Committees. | Determined by the donor. Scholarship information is available on the website. | |
LOANS | ||
Federal Direct Subsidized Stafford Loan | At least half‑time (6 eligible credits) enrollment. | The maximum award for students completing 0-25 credits is $3,500. Maximum award after 26+ credits is $4,500. |
Federal Direct Unsubsidized Stafford Loan | At least half‑time (6 eligible credits) enrollment. | The maximum award for dependent students is $2,000 with subsidized eligibility or $5,500 without subsidized eligibility. The maximum award for independent students is $6,000 with subsidized eligibility or $10,500 without subsidized eligibility. |
Federal Direct Parent Plus Loan (Parent Loan) | At least half‑time (6 eligible credits) enrollment. | Parents may borrow up to the cost of education minus previously awarded financial aid. |
WORK-STUDY | ||
Federal Work-Study | At least half‑time (6 eligible credits) enrollment. | The Financial Aid Office determines the maximum. |
Idaho Work-Study Must be an Idaho resident | At least half‑time (6 eligible credits) enrollment. | The Financial Aid Office determines the maximum. |