Types of Financial Aid Available
Federal Aid Programs—Based on financial need through FAFSA.
Federal Pell Grants: Financial assistance awarded by the federal government based on need. The Student Aid Report (SAR) informs students of their Pell Grant eligibility. The grant may be used towards tuition, room and board, textbooks, or other educational costs and requires NO REPAYMENT
Federal Perkins Loans: Loans funded by the federal government and awarded by the institution. The loans feature low interest rates and are repayable over an extended period of time.
Subsidized FFEL or Direct Stafford Loans: are awarded on the basis of financial need. Recipients will not be charged interest until they begin repayment.
Unsubsidized FFEL or Direct Stafford Loans: are NOT awarded on the basis of need. Interest accumulates from the time the loan is disbursed until it is paid in full.
PLUS Loans (for parents): provide low interest loans to credit-approved parents of eligible undergraduate students. Repayment typically must begin 60 days after loan is fully disbursed.
Grants—Awards based on merit or merit plus need.
Loans—Funds loaned through a lending institution or college. Interest rates vary by program.
Military Programs—The military offers several options to help you pay for college.
Work Study Programs—Jobs that allow students to earn money towards their education while they are enrolled in school.
Scholarships—Free money awarded to students based on student's application, deadlines must be followed
Financial Aid Resources:
*Students: Do NOT use k-12 email on the FAFSA
Federal Student Aid Programs