| Federal Pell Grant |
FAFSA required to determine
eligibility. |
- Need-based
- Expected Family Contribution (EFC) through FAFSA
determines student's eligibility
- EFC cannot be greater than $4,995
- Depending on EFC, awards vary between $602 - $5,550 in
2012-2013
- Beginning July 1, 2012, students are limited to 6
years of Pell eligibility, or the full time equivalent of
six years for those attending less than full time.
- up to $5,500 for Undergraduate students
|
| Federal Supplemental Educational Opportunity
Grant (SEOG) |
FAFSA required to
determine eligibility. |
- Need-based
- Must be Pell eligible
- Award may be up to $2,000
- Limited funding
|
| Federal Work-Study |
FAFSA required to
determine eligibility |
- Need-based
- Award may be up to $4,000 for 2012-2013
- Eligibility is not a guarantee of employment
- Opportunity not an obligation
- Funds do not disburse to student account but are paid
directly to the student as earned wages upon employment
|
| Federal Perkins Loan |
FAFSA
required to determine eligibility |
- Need-based
- Must be enrolled at least half-time in a degree or
certificate program
- Fixed interest rate for the life of the loan.
- Perkins Master Promissory Note required.
- Limited funding
|
| Federal Direct Subsidized
Loan |
FAFSA required to determine eligibility. |
- Need-based
- Must be enrolled at least half-time in a degree or
certificate program
- Students accepting a Direct Loan for the first time must
complete Entrance Counseling and a Master Promissory Note
before funds can disburse to the University.
- Fixed interest rate for the life of the loan. Interest
rate set yearly on July 1st. Click here for additional
information.
- up to $3,500 for students with less than 30 hours
completed
- up to $4,500 for students with between 30 and 59 hours
completed
- up to $5,500 for students with over 59 hours completed
|
| Federal Direct
Unsubsidized Loan |
FAFSA required |
- Must be enrolled at least half-time in a degree or
certificate program
- Students accepting a Direct Loan for the first time must
complete Entrance Counseling and a Master Promissory Note
before funds can disburse to the University.
- Fixed interest rate for the life of the loan. Interest
rate set yearly on July 1st. Click here for additional
information.
|
| Federal Direct Parent Loan
(PLUS) |
FAFSA required |
- Parents are the borrowers of the Federal Parent PLUS
loan - not the student
- Eligibility is based upon creditworthiness
- May apply for up to the Cost of Attendance minus any aid
student is receiving
- Fixed interest rate for the life of the loan. Interest
rate set yearly on July 1st. Click here for additional
information
- If Federal Direct Plus Loan is denied click here for
additional information on how to proceed.
|
