Skip to main content

Financial Aid

Engaging the Challenge, Together. Information for returning to campus.

Financial Aid for Post-Baccalaureate Students

At our Office of Financial Aid, we understand that your education is a significant investment.

We also understand that the financial aid process can be complex. Thus, we’re committed to helping you navigate the process, providing guidance and information you need—including types of aid, how to apply for aid, debt management counseling, and more.

Our staff will work with you to review your individual needs. We’ll help you explore financial aid options—such as grants, scholarships, and loans—in order to maximize your funding sources and minimize your debt.

Types of Federal Loan Aid Available

Post-Baccalaureate Pre-Medical students at Agnes Scott may be eligible for federal education loans. Below is the process to apply:

  • Complete the Free Application for Federal Student Aid (FAFSA) for the program’s academic year.
  • List your year in college as “undergraduate 5th year/other undergraduate.”
  • Select "other" as the program category/type.
  • The Agnes Scott College FAFSA school code is 001542.
  • Your completed FAFSA will indicate which federal education loans you may be eligible to receive and the amount.

Federal Education Loan Options include:

  • Direct Subsidized Loan
  • Direct Unsubsidized Loan
  • Parent PLUS Loan

As a post-baccalaureate student, you will not be eligible for federal need-based grants such as the Pell Grant.

Dependent Students:

  • Annual amount of combined subsidized and unsubsidized loans is $5,500
  • Aggregate limit of subsidized and unsubsidized loans cannot exceed $31,000, including loans received while obtaining bachelor’s degree
  • There is an undergraduate subsidized loan limit of $23,000

Independent Students:
  • Annual amount of combined subsidized and unsubsidized loans is $12,500
  • Aggregate limit of subsidized and unsubsidized loans cannot exceed $57,500, including loans received while obtaining bachelor’s degree
  • There is an undergraduate subsidized loan limit of $23,000

Direct Subsidized Loans may be available to post-bacc students after completing the FAFSA. For this type of federal education loan, the government pays the loan interest while you are in school, if you are attending at least part-time (6 credit hours). During deferment, the government also pays for the interest on this loan.

Repayment begins:

  • 6 months after student graduates
  • 6 months after student drops below part-time enrollment
  • 6 months after student is no longer enrolled
Current interest rates for these loans can be found at https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#interest-rates.

Direct Unsubsidized Loans may be available to post-bacc students after completing the FAFSA. For this type of federal education loan, the student assumes all responsibility for the interest, and interest begins accruing immediately following disbursement. You have to be attending college at least part-time (6 credit hours) as a part of eligibility for the Direct Unsubsidized Loan.

Repayment begins:

  • 6 months after student graduates
  • 6 months after student drops below part-time enrollment
  • 6 months after student is no longer enrolled
  • No penalty for pre-payment

Current interest rates for these loans can be found at https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized#interest-rates.

If you are still a dependent student, your parent has the option to apply for a Parent PLUS Loan on your behalf. If you are an independent student or a dependent student whose parents do not qualify for a Parent PLUS Loan, there may be an additional Direct Unsubsidized Loan available up to $5,000. 

This is a credit-based loan that can cover up to the cost of attendance minus any aid you have already received. Students must be enrolled at least part-time (6 credit hours).

Repayment begins 60 days after loan is fully disbursed.

Current interest rates for these loans can be found at https://studentaid.ed.gov/sa/types/loans/plus/parent#interest.

Alternative Financial Aid Loans:

Private Loans

A private, credit-based alternative loan may be available to students who need funding for remaining college costs. There are various lenders for student borrowers which require no payments while the student remains in school. Private loans have various options for repayment and may offer forbearance and deferral options. In addition, interest rates for private loans are based on credit and set by the lender.

To view and compare alternative loans available to Agnes Scott students, please go to ElmSelect. Search “Agnes Scott College” for school and “undergraduate” for program. When viewing the loan options, make sure to check the degree-seeking requirements in the details. Post-baccalaureate students should look for loans that are available to non-degree seeking students.