Federal Programs
Federal Pell Grant
Pell eligibility is determined by the completion of the Free
Application for Federal Student Aid (FAFSA).
Federal Supplemental Education Opportunity Grant (SEOG)
SEOG is a grant for students demonstrating exceptional need. Funds are
limited, with high Pell Grant recipients given first consideration on
a priority-date basis.
Federal Work-Study (FWS)
FWS is a federally-funded program which enables students to work part
time. Eligibility is determined by the Free Application for Federal Student
Aid (FAFSA). Pay is minimum wage. The deadline for application for federal
work-study is on a priority-date basis. Jobs are limited and are not guaranteed.
Federal Stafford Loans (subsidized or unsubsidized)
This program enables students to secure loans from participating lenders
such as banks, credit unions, or savings and loan associations. Stafford
Loans have a variable interest rate with a cap of 8.25%. A student may
borrow $3,500 as a freshman, $4,500 as a sophomore, and $5,500 as a junior
and/or senior. Loan repayment begins six months after the student graduates,
leaves school, or drops below half-time status. Students may qualify for
a “subsidized” loan (interest paid while in school) based
on financial need, or an “unsubsidized” loan (student responsible
for interest while in school) not based on need, or a combination.
Parent Loans (PLUS)
The PLUS loan is available to parents to finance their dependent's education
costs, repayment of interest begins 60 days after the last loan disbursement.
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