Types of Aid

Federal Government Funded Financial Aid Programs

Required Actions Description
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.