Summary Aid Chart


Summary Federal Financial Aid Campus-Based Programs
Student Financial Aid Program	Type of Aid	Other Information	Annual Award Limits	Disbursement
Federal Pell Grant	Grant: does not have to be repaid	Available to undergraduates only	Up to $4,000	School acts as the U.S. Department of Education's agent
Federal Supplemental Educational Opportunity Grant (FSEOG)	Grant: does not have to be repaid	Available to undergraduates only; check to see if you school participates in campus-based programs	Up to $4,000	School disburses funds to students
Federal Work-Study	Money is earned: does not have to be repaid	Available to undergraduates and graduates; check to see if you school participates in campus-based programs	No annual maximum	School disburses earned funds to students
Federal Perkins Loan	Loan: must be repaid	Available to undergraduates and graduates; check to see if you school participates in campus-based programs	$4,000 for undergraduate students; $6,000 for graduate students	School disburses funds to students
Federal Financial Loans Direct Loan and FFEL Programs
Student Financial Aid Program	Type of Aid	Other Information	Annual Award Limits	Disbursement
Subsidized Stafford Loan more info	Loan: must be repaid	The Federal Government pays interest while the student is in school and during grace and deferment periods.	$2,625 to $18,500, depending on grade level	Direct Loans: The federal government provides funds to schools; FFEL: private lenders provide funds to schools to disburse to students
Unsubsidized Stafford Loan more info	Loan: must be repaid	The borrower is responsible for interest during the life of the loan.	$2,625 to $18,500, depending on grade level
PLUS Loan more info	Loan: must be repaid	Available to parents of dependent undergraduate students.	Cost of attendance minus any other financial aid received
Private Financial Aid Programs Offered by Private Institutions and Colleges
Student Financial Aid Program	Type of Aid	Other Information	Annual Award Limits	Disbursement
Private Student Loans more info	Loan: must be repaid	Available to undergraduate or graduate student enrolled at least half-time in a degree or certificate program at an approved college or university.	$1,500 to $30,000; the five-year maximum is $130,000	Funds disbursed directly to the student
Home Equity Loans more info	Loan: must be repaid	Available to homeowners with an equity position at qualified LTV ratios: calculate your LTV position	No annual limits. Total amount limited by the approved balance upon closing.	Home equity lines: funds available whenever needed upon writing a check. Home equity loans: funds disbursed to the homeowner upon closing.
Scholarships	Scholarships: does not have to be repaid	Available to undergraduates and graduates	Limit set by the school or sponsor	School or sponsor disburses funds to students
Work Programs	Money is earned: does not have to be repaid	Available to undergraduates and graduates	No annual maximum	Students paid based on employer policy