Grants & Loans

Heritage offers the following financial aid opportunities, including grants and loans. Learn more about the options within both of these categories below.


Grants are considered “gift” aid — they are need-based and do not have to be repaid.  Students meeting eligible criteria may receive funds from the following sources:

Up to $6,495 for the 21-22 academic year, as set by federal government.  Award totals are determined by unmet need (determined by FAFSA) and enrollment per semester.  Fund eligibility for Undergraduate students only.

Up to $800 per academic year, based on term credit enrolment.  Limited eligibility to highest need Pell recipients. Funds are limited, and are generally awarded through depletion in the academic year.  Fund eligibility for Undergraduate students only.

Up to $11, 904 for the 21-22 academic year. Must be a Washington State resident, and attend at a half-time enrollment status or better (6+ credits) each term and meet need criteria determined by State Legislature (including submission of the FAFSA or WASFA for the academic year). Fund eligibility for Undergraduate students only.

Application process required.  Up to $4,000 per academic year, based on term credit enrollment. Eligible students must meet federal eligibility rules, including: meeting fund approved teaching program requirements, meet/maintain a  3.25 GPA or better, and meet post-graduation service requirement of 4 years. Note: Grant will convert into a loan if service requirement isn’t met.   For more information, visit the Federal Student Aid/TEACH site.

To apply for TEACH at Heritage University:


Loans are borrowed money that you must repay with interest.  The interest rates, terms and eligibility criteria vary from one loan program to another. Some loan programs are based on need and are federally funded, while others are available regardless of need.

The first step in pursuing a loan to help pay for college expenses at Heritage University is completing the Free Application for Federal Student Aid (FAFSA).  Minimum enrollment status of half-time (6 + credits for undergraduates, 2 + credits per semester for graduates) is required to participate in all loan programs (except for some alternative loan programs).

The U.S. Department of Education’s federal student loan program is the William D. Ford Federal Direct Loan (Direct Loan) Program. Under this program, the U.S. Department of Education is your lender. To be eligible for federal Direct Loans, student must complete the FAFSA.  There are three types of Direct Loans available to help students cover the cost of college:

  • Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.
  • Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.

Subsidized and Unsubsidized loan determination is made for students in the Financial Aid process, and will be included on their award letters.

First time borrowers will have pre-requisites to complete before funds will disburse, additional information and helpful links will be included in the Financial Aid award information.

Federal Direct loan eligibility varies per year in college, and subsidized loan will be dependent on student need. Federal loan funds have a lifetime limit.  For additional information about the Direct Loan Program:  Access the information on the Federal Student Aid web site.

Direct PLUS Loans are loan funds available to help students cover the cost of their education in an academic year. This type of loan is available via application process for:

Funds can be pursued up to the cost of Academic Year Cost of Attendance minus Financial Aid funds awarded. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.

Non-federal loans available to students made by a lender such as a bank, credit union, etc.


  • Graduate or undergraduate students at an eligible postsecondary institution.
  • Credit-worthy co-signer suggested (may be required depending on the lender).
  • Student must have a valid FAFSA on file with the UW-Stout Financial Aid Office for the current award year before this loan can be pursued (per UW-Stout Financial Aid Policy).

Interest Rate

  • The interest rate is either fixed or variable, is determined on credit-worthiness, and is generally a percentage added to a variable base (often PRIME or LIBOR).
    Alternative education loans are NOT subsidized by the government.


  • Annual maximum is limited to student’s cost of attendance minus any other financial aid.


  • Compare a list of private education loans through FASTChoice’s online tool.  Students can pursue the loan applications from this site, should they choose to do so. Links are made available via lender information.  Your lender will provide you with interest rate, cosigner requirements, and loan disclosures.

This type of loan requires credit approval and a signed promissory note. Once all requirements are fulfilled, the lender will work with Heritage University’s Financial Aid Office for fund management and disbursement.

Please note: The inclusion of loan products and lenders on this site does not imply individual endorsement. We maintain professional relationships with ALL lenders. Our officials are prohibited from accepting financial or other benefits in exchange for displaying lenders and loan options in FASTChoice.   If you are interested in a lender not listed in FASTChoice, contact that lender directly or visit their website for more information. Heritage University will process your approved private education loan.

If you have begun a FAFSA application for regular financial aid, we will process your private loan AFTER you have been offered and have accepted your regular financial aid offer. This assures you’ll receive the best aid package possible.


Heritage University seniors are eligible to receive up to $5,000 in funding to pay back loans. This program is generously funded by Kwik Lok of Yakima, WA.

Contact Us

Financial Aid Office
(509) 865-8502

Helpful Links