Additional Options for Funding Education
Outside Scholarships
Scholarship Search Databases
- Fastweb.com
- Scholarships.com
- Niche.com
- Scholarship America
- George Snow Scholarships
- Scholly® Scholarships
- College Ave's Scholarships & Sweepstakes
Individual Scholarship Programs
- Bridging the Dream Scholarship Program via The Sallie Mae Fund
- JM Rubin Foundation Scholarship (residents of Palm Beach County, FL only)
- 100 Hispanic Women Scholarships
For Nursing Students / Medical Majors
- Johnson & Johnson Nursing Scholarships
- Healthcare Workforce Development Grant through the Mother Cabrini Health Foundation (must reapply each semester)
- Nurse Corps Scholarship Program via the Bureau of Health Workforce of the Health Resources & Services Administration (has a service agreement)
- NHSC Scholarship Program via the National Health Service Corps of the Health Resources & Services Administration (has a service agreement)
- Career Pathways Training Program through 1199SEIU Training & Employment Funds
Private Loans
You should apply for all the financial assistance you’re eligible for, scholarships, grants, and federal loans, before considering a private, alternative, or non-federal loan. Molloy encourages our students to exhaust all federal loans before looking at private loan options. Federal loans may be less costly than private loans
Private loans could come from a bank or any other education loan provider. Usually, interest rates, terms, conditions, and eligibility requirements will vary with private loans. Some private loans do not offer full deferment options. Some private lenders may require minimum monthly payments while you are in school. They may also consider federal education loan borrowing in determining the amount of annual as well as aggregate limits you may borrow.
Molloy University recommends that you review borrowing options through the federal aid programs first and then evaluate the alternative loan options available. Before taking on an alternative loan, considering your educational investment at Molloy University, as well as your long-term financial commitments.
To find private lenders, please see below for ELMSelect and Sparrow. More options are available upon request, contact the Financial Aid Office for more information.
ELMSelect
ELMSelect is a transparent, lender-neutral, free service. Lenders provide the loan information available for comparison. You decide what private student loan makes the most sense for you.
Once in ELMSelect, please follow the instructions below:
- Fill in school name (may be already filled in for you)
- Choose your program type
- Scroll down to view the Financial Fundamentals and Disclaimers, as needed
- When ready, click the View Loans button
- Review the list of preferred lenders. Compare and contrast the lenders' benefits to make an educated decision on which private loan works best for you
- Apply for your chosen loan
Sparrow
Sparrow is an online marketplace platform that allows applicants to prequalify with multiple refinance lenders through one application.
Molloy University has partnered with Sparrow to provide additional options for finding a Private Loan Lender. Sparrow allows you to check real rates at 15+ student lenders through one application.
Click Here to Begin: Sparrow (sparrowfi.com)
Additional Resources
A listing of outside sources of information regarding financial aid in general:
-
Federal Aid Websites
- FAFSA® Application | Federal Student Aid
- Create Account | Federal Student Aid
- Home | Federal Student Aid
- Get Transcript | Internal Revenue Service (irs.gov)
- Exit Counseling | Federal Student Aid
- Completing a Master Promissory Note | Federal Student Aid
- Parent PLUS Loan | Federal Student Aid
- PLUS Loans | Federal Student Aid
- New York State Websites
-
Private Loan Databases
- ELMSelect (Private Loan)
- Sparrow (sparrowfi.com) (Private Loan)
Office of Financial Aid
Office of Financial Aid
Wilbur Arts Center
Room 236