Financial Aid Information
We recognize that preparing to serve our Lord in full time ministry is a major investment for parents and students. The purpose for Piedmont's financial aid is to make a quality education accessible to qualified students. A variety of grants, scholarships, awards, and loans are available to those who meet the requirements. Piedmont contributes approximately $1 million annually and over 90% of our students receive some form of financial aid. We encourage all future and current students to apply.
Follow these steps to apply for aid:
Step 1 - Complete the FAFSA (Why Apply?)
Step 2 - Complete a VFAO Interview (required for Federal Aid)
Step 3 - Complete the Master Promissory Note (required for Direct Loans)
Step 4 - Complete the Title IV Authorization Form
Step 5 - Apply for PIU's funded scholarships
Once you complete the necessary steps, an award notice will be generated.
Note: Financial aid files are packaged after a financial aid officer reviews all the information for accuracy and completion. If your FAFSA is selected for further verification, all additional paperwork must be submitted before any aid will be finalized. Changes to enrollment status may affect the type and amount of aid you receive.
- STEP 1 - Complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov
If you plan to receive any form of federal and/or need-based institutional aid, you must complete the FAFSA. Apply now to avoid any delays in the Financial Aid process.
You will need the previous year's tax returns and your driver's license number. Please be sure to include our school code 002956 and allow approximately 30 minutes to complete the FAFSA. If you have to step away during the application, your information will be saved for 30 days. The FAFSA must be completed annually.
Note: You may be informed by FAFSA that you have been chosen for verification (indicated by an asterisk next to your EFC on the Student Aid Report (SAR) that FAFSA returns to you). If your FAFSA is selected, you will be contacted by the Financial Aid Office regarding any additional paperwork that is required to process your federal aid.
STEP 2 – Complete the Virtual Financial Aid Office Student Interview to request federal financial aid (grants and/or loans). Click on “Register” to create a username and password. If you have a username and password, click on “Login”.
After you log in, click on “Student Interview Center”. Be sure to view the brief instructional video. When you complete the interview, you will specify the type and amount of federal aid you would like to receive, your degree program, terms of enrollment, etc.
If you select “grants only” as your processing option, you will only be packaged for the Pell grant (if eligible). The Pell grant is considered gift aid, and does not require repayment.
If you select “grants and/or loans” or “loans only” as your processing option, you will be required to indicate how much you would like to receive in loans: the maximum, standard, or specified amount. If you choose the standard option, your loans may be awarded up to, but not exceeding, the cost of your tuition and fees only.
The Department of Education offers two types of student loans: subsidized (the government will pay any interest accrued while the borrower is enrolled at least half-time) and unsubsidized (the interest begins accruing as soon as the loan is disbursed).
Please click here to view annual loan limits and current interest rates.
STEP 3 – Complete the Master Promissory Note (MPN) at www.studentloans.gov if you will be receiving student loans. If you have already electronically signed an MPN within the last ten years, the Financial Aid Office will not need a new promissory note.
- Sign the MPN. You need two references, your driver’s license number and other general information.
- Your loans will enter repayment six months after you graduate, withdraw, or drop to less-than-half-time enrollment.
- PLUS Loans and Private Loans may also be available. Contact the Director of Financial Aid to discuss your options.
- STEP 4– Complete the Title IV Authorization Form.
- You will use this form to instruct PIU how to apply any excess federal aid on your student account.
- STEP 5– Apply for PIU's funded scholarships using this application
See our Payment Options page to learn about how to pay for your remaining estimated balance due (as indicated on your award notice) after Financial Aid.