FEDERAL
PELL GRANT PROGRAM
Federal Pell Grant is gift aid and does not have to be repaid. Pell Grants are awarded to help undergraduates pay for their education after high school. For many students, these grants provide a foundation of financial aid to which aid from other federal and non-federal sources may be added. How much a student can receive depends Expected Family Contribution (EFC) number, which you will receive on the Student Aid Report (SAR) generated by the Free Federal Application for Student Aid. The SAR will tell you if you are eligible to receive a Pell Grant. If you are eligible for a Pell Grant the university will credit your student account. The amount of you will receive will be determined by the EFC number and the number of hours in which you enroll.
FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG)
This is an additional grant that you may receive to help you pay for your education. It is for undergraduates only. The availability of SEOG funds depends on the amount of grant funds the university receives for the federal government. Eligible students are automatically considered for the SEOG grant.
FEDERAL WORK-STUDY PROGRAM
The Federal Work -Study program provides jobs for undergraduate and graduate students who qualify. You will receive at least the federal minimum wage for working in the program. The university determines the number of hours you can work based on your financial need. You will be automatically considered for a work-study position if you notify the university on the Free Federal Application for Student Aid (Question 35). (Click here to view the Student Employment Website)
FEDERAL PERKINS LOAN
The Perkins loan is a low-interest (5%) loan to help you pay for your education after high school, for both undergraduate and graduate students. You can receive up to $2000 per semester-$4000 per year as an undergraduate students and depending on availability of funds at the university. A graduate may receive up to $3000 per semester-$6000. per year depending on availability of funds.
FEDERAL FAMILY STAFFORD STUDENT LOANS
A Stafford loan is a low interest loan made to you by an approved lender to help pay for your education after high school. The interest rate is a variable rate but has a cap set by the government. There are two kinds of Stafford loans, The Federal Subsidized Stafford loan is based on need, and the government pays the interest while you are in school. The Federal Unsubsidized loan is not need-based, so it is available to students regardless of financial need. The amount of loan is determined by your classification in school. A Freshman can receive up to $2625. per year from the Stafford Loan Program.
FEDERAL FAMILY PLUS LOANS
Parents of dependent undergraduates with a good credit history may receive PLUS loans. PLUS loan eligibility is not based on financial need. The loans are made regardless of income level. A parent may borrow up to the cost of education minus any other financial aid at the university. The interest rate is variable but has a cap set by the government. PLUS loan repayment starts 30-60 days after full disbursement.
More Information on the TOPS Program
Student Guide for Financial Aid
Federal Pell Grant is gift aid and does not have to be repaid. Pell Grants are awarded to help undergraduates pay for their education after high school. For many students, these grants provide a foundation of financial aid to which aid from other federal and non-federal sources may be added. How much a student can receive depends Expected Family Contribution (EFC) number, which you will receive on the Student Aid Report (SAR) generated by the Free Federal Application for Student Aid. The SAR will tell you if you are eligible to receive a Pell Grant. If you are eligible for a Pell Grant the university will credit your student account. The amount of you will receive will be determined by the EFC number and the number of hours in which you enroll.
FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG)
This is an additional grant that you may receive to help you pay for your education. It is for undergraduates only. The availability of SEOG funds depends on the amount of grant funds the university receives for the federal government. Eligible students are automatically considered for the SEOG grant.
FEDERAL WORK-STUDY PROGRAM
The Federal Work -Study program provides jobs for undergraduate and graduate students who qualify. You will receive at least the federal minimum wage for working in the program. The university determines the number of hours you can work based on your financial need. You will be automatically considered for a work-study position if you notify the university on the Free Federal Application for Student Aid (Question 35). (Click here to view the Student Employment Website)
FEDERAL PERKINS LOAN
The Perkins loan is a low-interest (5%) loan to help you pay for your education after high school, for both undergraduate and graduate students. You can receive up to $2000 per semester-$4000 per year as an undergraduate students and depending on availability of funds at the university. A graduate may receive up to $3000 per semester-$6000. per year depending on availability of funds.
FEDERAL FAMILY STAFFORD STUDENT LOANS
A Stafford loan is a low interest loan made to you by an approved lender to help pay for your education after high school. The interest rate is a variable rate but has a cap set by the government. There are two kinds of Stafford loans, The Federal Subsidized Stafford loan is based on need, and the government pays the interest while you are in school. The Federal Unsubsidized loan is not need-based, so it is available to students regardless of financial need. The amount of loan is determined by your classification in school. A Freshman can receive up to $2625. per year from the Stafford Loan Program.
FEDERAL FAMILY PLUS LOANS
Parents of dependent undergraduates with a good credit history may receive PLUS loans. PLUS loan eligibility is not based on financial need. The loans are made regardless of income level. A parent may borrow up to the cost of education minus any other financial aid at the university. The interest rate is variable but has a cap set by the government. PLUS loan repayment starts 30-60 days after full disbursement.
More Information on the TOPS Program
Student Guide for Financial Aid