| Federal Pell Grant |
FAFSA required to determine eligibility including the completion of verification and any other FAFSA related "To-Do" items in my.èßäÊÓƵapp (i.e., citizenship, prior financial aid history, etc.). |
- Need-based federal grant for undergraduate students working towards their first Bachelor's degree
- Eligibility determined by the FAFSA
- Grant amounts vary with a maximum of $7,395 for the academic year
- Amount offered is based on eligibility as determined by the FAFSA, the student's Student Aid Index (SAI), and the number of credit hours a student is enrolled in
- There is a lifetime eligibility limit equal to six (6) years of Pell eligibility, or the full time equivalent of six (6) years for those attending less than full time
- If eligible, the Pell Grant may be offered for the Fall, Spring, and Summer terms
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| Federal Supplemental Educational Opportunity Grant (SEOG) |
FAFSA required to determine eligibility |
- Need-based federal grant for undergraduate students
- Must be eligible for the Pell Grant
- Offer may be up to $2,000 for the academic year
- Limited funding
- Grant is offered on a first-come, first-served basis
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| Federal Work-Study |
FAFSA required to determine eligibility |
- Need-based federal aid program
- Offer may be up to $4,000 for the academic year
- Funds must be earned through on-èßäÊÓƵapp employment
- Being offered work-study does not guarantee a job; students will need to visit èßäÊÓƵapp 12Twenty to search for and apply to open positions
- Funds do not disburse to student account but are paid directly to the student as earned wages upon employment
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| Federal Direct Subsidized Loan |
FAFSA required to determine eligibility |
- Need-based federal student loan for undergraduate students
- Must be enrolled at least half-time (six credit hours) in a degree-seeking program
- èßäÊÓƵapp accepting a Direct Loan for the first time must complete and a before funds can disburse to èßäÊÓƵapp
- Fixed interest rate for the life of the loan
- 2024-2025 interest rate = 6.53%
- The interest rate is subject to change for new loans every July 1
- Loan origination fee of 1.057%
- The fee percentage is subject to change every October 1
- Up to $3,500 for students with less than 30 hours completed
- Up to $4,500 for students with at least 30 but less than 60 hours completed
- Up to $5,500 for students with 60 or more hours completed
- Repayment begins six (6) months after the student drops below half-time enrollment
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| Federal Direct Unsubsidized Loan |
FAFSA required to determine eligibility |
- Non-need-based federal student loan
- Must be enrolled at least half-time (six credit hours) in a degree-seeking program
- èßäÊÓƵapp accepting a Direct Loan for the first time must complete and a before funds can disburse to èßäÊÓƵapp
- Fixed interest rate for the life of the loan
- 2024-2025 interest rate for undergraduate students = 6.53%
- 2024-2025 interest rate for graduate students = 8.08%
- The interest rate is subject to change for new loans every July 1
- Loan origination fee of 1.057%
- The fee amount is subject to change every October 1
- Dependent, undergraduate students are eligible for up to $2,000
- Independent, undergraduate students are eligible for up to $4,000 with less than 60 hours completed and $5,000 with 60 or more hours completed
- Graduate students are eligible for up to $20,500
- Repayment begins six (6) months after the student drops below half-time enrollment
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| Federal Direct PLUS Loan |
FAFSA required to determine eligibility |
- Available to parents of dependent, undergraduate students and graduate students
- Eligibility is based upon creditworthiness
- If applicant is denied based on their credit, there are two available options
- May apply for up to the Cost of Attendance minus any aid student is receiving
- Fixed interest rate for the life of the loan
- 2024-2025 interest rate = 9.08%
- The interest rate is subject to change for new loans every July 1
- Loan origination fee of 4.228%
- The fee percentage is subject to change every October 1
- Repayment begins 60 days after the loan has fully disbursed, although there is an option to defer payments until six (6) months after the student drops below half-time enrollment
- Deferment options will need to be discussed with the applicant's loan servicer
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