Loan applications are also available through the Financial Aid Office. Dependent students become eligible for additional amounts of unsubsidized Federal Stafford Loans if their parent is denied a PLUS by the lending institution. Eligible students may find employment on campus or in positions available at local non-profit agencies that have contractual arrangements with the College. Participating students usually work an average of 10 to 12 hours per week when school is in session. Community Scholarships Private funds in the forms of scholarships or grants are frequently awarded by various clubs and organizations within the student's home community.
All outside scholarships become part of the student's financial aid award.
Usually the effect of the outside scholarship will be to increase the total financial aid package by one-half of the scholarship's value. In either case, the remaining one-half of the scholarship's value will reduce the Allegheny Grant. This policy enables the Financial Aid Office to allocate the necessary Allegheny Grant funding to more students than it otherwise could. Receipt of Funds With the exception of a work award and some community scholarship programs, which may make their awards directly payable to the individual, financial aid sources are credited directly to the student's College account. Funding handled directly through Allegheny is normally divided into two equal amounts and disbursed before each semester.