Financial Aid Frequently Asked Questions

Yes — Many families mistakenly think they don’t qualify for financial aid and thereby prevent themselves from receiving it simply because they choose not to apply for it. In addition, a few sources of aid, such as unsubsidized Stafford and PLUS loans, are available regardless of need. The FAFSA form is free. Take advantage of the opportunity to apply.

Our Financial Aid team is ready to walk you through it. You can complete the FAFSA online at studentaid.gov/h/apply-for-aid/fafsa, or stop by our Financial Aid office and we'll help you fill it out together. Swedish Institute's Federal School Code is 016904.

Currently, three types of federal loans are available to students – Subsidized Stafford Loans, Unsubsidized Stafford Loans, and Parent Loans for Undergraduate Students (PLUS).

These programs are also known as Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans for Undergraduate Students.

The Subsidized Stafford Loan is available to students who demonstrate need as determined by the FAFSA. To qualify, a student must be a U.S. citizen or eligible non-citizen with a high school diploma or GED. Like most federal student loans, interest does not accrue while the student is in school. If students qualify for a Subsidized Stafford Loan, the amount they can borrow will be stated on their award letter notification. Qualified students may receive Subsidized Stafford Loans up to 150 percent of the length of the program in which the student is enrolled.

Complete and submit the FAFSA form. You should check the appropriate boxes to indicate interest in student employment, student loans, and/or parent loans. Checking these boxes does not commit you to accepting these types of aid. You will have the opportunity to accept or decline each part of your aid package once you are approved. Leaving these boxes unchecked will not increase or decrease the number of grants you receive.

Parents of dependent students can take out loans to supplement aid packages. The federal Parent Loan for Undergraduate Students (PLUS) is available through the Direct Loan Program, which allows parents to borrow money to cover any costs not already covered by the student’s financial aid package up to the full cost of attendance. There is no cumulative limit.

Parent PLUS loans are the parents’ financial responsibility, not the student’s. If the student agrees to make payments on the PLUS loan but fails to make the payments on time, the parents will be held responsible.

Your best first step is meeting with a Financial Aid Advisor here at Swedish Institute — we'll walk you through your options and answer every question. You can also review this video from the U.S. Department of Education for an overview of aid types. Swedish Institute's Federal School Code for the FAFSA is 016904.

To get an early approximation of your potential costs to attend Swedish Institute, complete the forms in the Net Price Calculator All financial results are only an approximation based on the information you will supply and cannot be considered an actual award.