Beal University-Institutional Financing Plan for Veterans Independent Student
Today's Date: May 16, 2022
Program of Study:
Expected Family Contribution (EFC) (As Calculated by the institution using information reported on the FAFSA)
Based on FAFSA Year One
Based on FAFSA Year Two
Estimated Cost of Attendance Year One
Estimated Cost of Attendance Year Two
* Tuition and Fees
Housing(Room and Board)
*Tuition & Fees: Tuition, Health Insurance, Registration fee, Examination fee (if applicable)** Books Fees (PROGRAM SPECIFIC)
Total Grants, Benefits, and Scholarships Year One
Total Grants, Benefits, and Scholarships Year Two
Federal Pell Grant
Federal SEOG Grant
Grants from your State
Grants and Scholarships from your School
Other Grants Scholarships or Benefits
Net Costs (Cost of Attendance minus total grants, scholarships, and benefits)
Net Costs for Year One
Net Costs for Year Two
Federal Work Study
Work Study Amount Year One
Work Study Amount Year Two
Total Loans Year One
Total Loans Year Two
Federal Direct Subsidized Loan Year One
Federal Direct Subsidized Loan Year Two
Federal Direct Unsubsidized Loan Year One
Federal Direct Unsubsidized Loan Year Two
Private Loan Year One
Private Loan Year Two
Parent Plus Federal Loan Year One
Parent Plus Federal Loan Year Two
*Recommended amounts shown here. You may be eligible for a different amount. See the Glossary for more information about loan amounts, interest rates, and fees.
Job Placement Rates
Repaying your Loans
For More Information and Next Steps
The graduation rates (known as the Student Right to Know Act) for each program of study at this institution is disclosed on the school's website at https://beal.edu/consumer-information/
The job placement rates for each program of study at this institution is disclosed on the school's website at https://beal.edu/consumer-information/
To learn more about loan repayment choices and work out your Federal Loan monthly payment go to: https://studentaid.gov/loan-simulator/To learn more about all Federal Student Aid Programs, visit https://studentaid.gov
Contact the Financial Aid Office at the address and phone number below to have your questions answered and to receive your customized financial aid package.
Beal University99 Farm RoadBangor, ME 04401PH:(207)307-3900
Cost Of Attendance (COA): The total amount (not including grants, benefits, and scholarships) that it will cost you to go to school during the 2021-22 school year. COA includes tuition and fees; room and board; and allowances for books, supplies, and transportation. It also includes miscellaneous and personal expenses, such as an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable cost for eligible study-abroad programs.
Expected Family Contribution (EFC): A number used by your school to calculate the amount of federal student aid you are eligible to receive. It is based on the financial information provided in your Free Application for Federal Student Aid (FAFSA). This is not the amount of money your family will have to pay, nor is it the amount of federal student aid you will receive.
Federal Work Study: A federal student aid program that provides part-time employment while the student is enrolled in school to help pay his or her education expenses. The student must seek out and apply for work-study jobs at his or her school. The student will be paid directly for the hours he or she works and the amount he or she earns cannot exceed the total amount awarded by the school for the award year. The availability of work-study jobs varies by school.
Grants, Benefits, and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a payment period. Benefits criteria are set forth by the entity awarding the funds.
Loans: Borrowed money that must must be repaid with or without interest. Loans from the federal government typically have a lower interest rate than loans from private lenders. Federal loans, listed from most advantageous to least advantageous, are called Direct Subsidized Loans, Direct Unsubsidized Loans, and Parent Plus Loans. You can find more information about federal loans at www.studentaid.gov
Federal Loan Program
Annual Award (subject to change)
Direct Subsidized Loans
Up to $5,500 depending on grade level and dependency statusFor total lifetime limit, go to StudentAid.gov/sub-unsub
Direct Unsubsidized Loans
Direct PLUS Loans
Maximum amount is the cost of attendance (determined by the school) minus any other financial aid the student receives
Private Loan: A nonfederal loan made by a lender such as a bank, credit union, state agency, or school.
Net Cost: An estimate of the actual cost that a student and his or her family need to pay in a given year to cover education expenses for the student to attend a particular school. Net price is determined by taking the institution's cost of attendance and subtracting any grants, benefits, and scholarships for which the student may be eligible.
For more information, visit https://studentaid.gov
Section 1018 of the Isakson Roe Veterans Bill that was effective August 1, 2021, includes institutional disclosure requirements. Many of these disclosures are listed in your Institutional Financing Plan. The Institution discloses other important information to students from various sources and departments as summarized below.
I, , have received informational disclosures from the institution that are included in the Isakson Roes Veterans bill. My initials next to each disclosure item acknowledges my receipt and understanding of each.
Beal University: Steve Villett, Chief Operations Officer - 207-307-3900 - firstname.lastname@example.orgBonnie Shumate, Director of Financial Aid - 207-307-3900 - email@example.com
Student Printed Name:
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Your legal name
Your email address
If you have questions about the contents of this document, you can email the document owner.
Document Name: Beal University-Institutional Financing Plan for Veterans Independent Student
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