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Financial Aid

Female student wearing a mask and using a computer.
No student should be denied the chance to pursue their education due to a lack of finances, so speak with a Financial Aid Adviser today

At Beal University, we are committed to helping you achieve your educational goals. Once you’ve made the decision to enroll at Beal University, a Financial Aid Adviser will discuss funding options with you and guide you through the process of applying for Financial Aid if necessary. To get started you can schedule a visit to come in and speak with a Financial Aid Adviser or request more information.

How to File Your FAFSA

All students should submit the Free Application for Federal Student Aid (FAFSA). Learn more ->

Beal’s School Code = 005204
https://www.fafsa.gov

Funding Options

Below is some basic information on the types of Financial Aid available to those who qualify. Remember, our Financial Aid Advisers are always here to help you navigate your funding options.

Available programs to those who qualify:

  • Federal Pell Grant Program
  • Federal Supplemental Education Opportunity Grant (SEOG)
  • Maine State Grant
  • Federal Direct Loans
  • Federal Plus Loans
  • Veterans’ Educational Benefits (GI Bill®)
  • The Maine Loan
  • Scholarships

For more information, you can read about our Student Loans and Verification options.

If however, these options do not fully meet your financial needs, please contact our Financial Aid Department ([email protected]) and they can help you explore other options.

Net Price Calculator

The Net Price Calculator is a tool designed to help you make early estimates regarding your eligibility for need-based financial aid at Beal University. Based on the information you enter about your family financial situation you will be presented with a sample award with the following caveats:

  • Results are dependent on the accuracy and completeness of the information entered and intended to provide only a general guide to your eligibility for financial aid
  • Any award is not guaranteed by Beal University and is meant to be an indication of the aid you may be eligible to receive. Beal University’s Financial Aid Office is the final authority for determining the family contribution and any financial aid award
  • This is not an application for financial aid. Your information will not be retained or transmitted to Beal University in any way

Veterans

The GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Learn more at www.benefits.va.gov/gibill.

Educational Opportunity Tax Credits

The State of Maine offers an Educational Opportunity Tax Credit (EOTC) for any Maine college graduate who has borrowed loans and lives and works in Maine after graduation. The program is officially known as “Opportunity Maine”. The program is now available to anyone who has received an associate’s, bachelor’s and/or graduate degree on or after January 1, 2008. Eligibility criteria varies based on the year of degree completion.

Learn More at: http://www.liveandworkinmaine.com/opportunity-maine

When filing your State of Maine tax return, complete the EOTC worksheet and submit it along with your completed tax return and supporting documentation to the Maine Revenue Service.

For more information, please visit the following: https://www.maine.edu/students/opportunity-maine and/or http://www.maine.gov/revenue.

Canada Student Financial Aid

The Government of Canada’s Canada Student Loans Program (CSLP) provides financial assistance to students on the basis of financial need. The amount of funding given to help pay for expenses such as tuition, school supplies and living expenses is determined by numerous factors such as family income, tuition, program length and whether you’re enrolled full- or part-time, and school-related expenses. Canadian students, click here.

Financial Awareness Counseling

Financial Awareness Counseling provides tools and information to help you understand your financial aid and assist you in managing your personal finances.

Financial Literacy Classes

Sign up for free Financial Literacy Classes offered on campus or virtually with an experienced banking professional. Informational classes provide tools to build your personal financial planning skills. For more information on classes, email [email protected].

An Education Can Be Attainable For You – Discover Your Options Today

If you’re interested in learning more about your financial assistance and exploring whether Beal University is right for you, fill out the form on this page to receive more information.

For immediate questions, call 207-307-3900 

Beal University recommends that students exhaust all other methods of financing their education before applying for Private loans. Lenders in the private student loan industry will not be given a preferred status. Beal University will not produce a preferred lender list that gives any lender an advantage in securing business from Beal students.