Request InfoApply NowQuick Question
Search

Understanding My Options

Maybe you've worried that there aren't financial aid options available for you. The fact is that financial aid is available for those who qualify. And, most Neumont students fund some portion (if not all) of their Neumont education through a combination of scholarships, grants, and loans. It's the goal of Neumont's Financial Aid Department to make funding a Neumont education a realistic option for any qualified application, and to assist you in creating a Paying for College Plan that will cover 100% of your educational costs.

But you can't make smart decisions until you understand all of your options. Fortunately, there are plenty of resources available. Learn more by clicking through below.

  • 1Federal Grants
  • 2Unsubsized Loans
  • 3 Subsidized Loans
  • 4 Plus Loans
  • 5 Private Loans
  • 6Neumont Scholarships
  • 7Private Scholarships

Borrower

None

Type of Aid

Need-based grant, does not have to be repaid.

Program Types

Federal Pell Grants and Supplemental Educational Opportunity Grant.

Borrower

Student

Type of Aid

Financial need is not required. The student is responsible for interest and principal.

Program Types

Federal Stafford Loans

 

Borrower

Student

Type of Aid

Financial need-based. The student is responsible for principal and interest. Interest is subsidized while student attends school.

Program Types

Federal Stafford Loans

Borrower

Parent

Type of Aid

Credit-based; financial need is not required. The parent is responsible for interest and principal.

Program Types

Federal PLUS Loans

Borrower

Student and / or Co-borrower

Type of Aid

Credit-based loans from private lending sources (banks); the borrower and co-borrower are jointly responsible for interest and principal.

Program Types

Private lenders, including local banks. Most private lending programs require a creditworthy co-borrower.

Borrower

None

Type of Aid

Neumont scholarships are awarded for merit, need, and Utah residency. All scholarships are applied to tuition costs only. See the Incoming Students Scholarship Policy for complete scholarship program descriptions.

Program Types

See the Course Catalog for scholarship opportunities and deadlines.

Borrower

None

Type of Aid

Scholarships sponsored by private organizations such as churches, business, or community organizations.

Program Types

Many online resources for college scholarship research exist. Reputable scholarship search programs do not charge a fee to participate.