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Federal Aid



Federal Pell Grant

  • The Pell Grant amount is determined by the information provided on the FAFSA.
  • Available to undergraduates based on need.
  • You are guaranteed to receive the full amount for which you qualify, and the funds do not have to be repaid.


Federal Supplemental Educational Opportunity Grants (FSEOGs)

  • Reserved for undergraduates with exceptional financial need.
  • Funds are limited, even if you qualify, you may still not be given an award.
  • Range from $100 to $4,000 and do not have to be repaid.
  • Check with school for deadline to apply.

Federal Work-Study Program

  • Provides jobs where participants earn at least the federal minimum wage.
  • Work-study jobs are awarded by schools as part of their financial aid package to students with financial need.
  • May be on or off campus usually with private or non-profit organization.
  • Check with your school for deadline to apply.
  • Schools typically pay a student directly, but sometimes arrangements are made to apply the wages to the student's school account.

Federal Perkins Loan

  • Low-interest loan for undergraduate and graduate students with financial need.
  • Campus-based loans where school acts as lender using a combination of federal and school funds.
  • Not all students that qualify are awarded a Perkins Loan.
  • Repayment begins nine months after leaving school or dropping below half-time status. Payments may be up to 10 years in duration.
  • Undergraduates may be awarded and borrow up to $5,500 per year to a cumulative maximum of $27,500.
  • Graduate students may be awarded and borrow up to $8,000 per year to a cumulative maximum of $60,000.
  • Some institutions choose to award Perkins Loans only to undergraduate students.

Federal Stafford Loan

  • Available for eligible undergraduates and graduate students.
  • New loans have a fixed interest rate, and the maximum loan amount varies by grade level and the student dependency status.
  • Loans are either subsidized or unsubsidized. Subsidized loans are interest-free while the student is enrolled at least half time in college; unsubsidized loans begin to accrue interest when the loan is disbursed.
  • You must meet a list of requirements.
  • Six-month grace period after leaving school or dropping below half-time status before regular payment begins.


  • PLUS loans are available to parents of dependent undergraduate students to pay college costs for their children. PLUS loans also may be borrowed by graduate/professional students to pay their own education expenses.
  • Loan amount is limited to Cost of Attendance (COA) minus other financial aid.
  • PLUS loans are available regardless of financial need, and no collateral is required; however, credit checks are performed.







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