 |
Student Aid Notes
(links to our financial aid notes) |
|
|
|
|
 |
|
|
Federal
Grants
-
The
grant is gift money that does not
have to paid back. All federal grants require you to file the FAFSA form to determine eligibility. Grants are administered and disbursed by the schools.
-
the most common
federal grant. It is awarded to
undergraduate students only (and in some cases, post-baccalaureate students in teacher certification programs).
The
amounts awarded range from $400-to-$4,050
per academic year. The Pell Grant
is reserved for the neediest students.
It will use a formula
to estimate the qualified amount
based on the EFC and cost of attendance (see
aid step1 for EFC information).
Any eligible amount will be noted
in your financial award letter from
your school:
click
to open FAFSA links and information
view the Student
Guide Book for further information:
http://www.ed.gov/.../pell.html
- :
this grant is available for qualified
undergraduate applicants who show
exceptional financial need. The
amounts awarded range from $100-to-$4,000.
This grant is available for qualified
undergraduate applicants who show
exceptional financial need. The
amounts awarded range from $100-to-$4,000.
You must first compete the Free
Application for Federal Student
Aid (FAFSA) form to see if you qualify.
It will use a formula to estimate
the qualified amount based on the
EFC and cost of attendance (see
note 4 for EFC information).
Any eligible amount will be noted
in your financial award letter from
your school:
click
to open FAFSA links and information
view the Student
Guide Book for further information:
http://studentaid.ed.gov/.../FYE/index.html
-
an Academic Competitiveness Grant will provide up to $750 for the first year of undergraduate study and up to $1,300 for the second year of undergraduate study to full-time students who are eligible for a Federal Pell Grant and who had successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education.
Second year students must also have maintained a cumulative grade point average (GPA) of at least 3.0. The Academic Competitiveness Grant award is in addition to the student's Pell Grant award.
-
a National SMART Grant will provide up to $4,000 for each of the third and fourth years of undergraduate study to full-time students who are eligible for a Federal Pell Grant and who are majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security.
The student must also have maintained a cumulative grade point average (GPA) of at least 3.0 in coursework required for the major. The National SMART Grant award is in addition to the student's Pell Grant award.
|
|
Federal
Work Study Programs
- for both undergraduate
and graduate students where
the student can work part-time on
campus or in the community to earn
money to help pay for education
expenses.
-
the wage is dependent upon
your skill set and work requirement.
Graduate students may be paid hourly
or by salary.
work assignments can be on-campus
and off-campus work in public-related
services. The amount of work is
determined by your school and cannot
exceed the Federal Work-Study award.
-
to qualify for federal work study:click
to open FAFSA links and information
for more information about Federal
Work Study Programs:
http://www.ed.gov/prog_info/.../workstudy.html
|
|
About
Education Loans
Types
of Education Loans:
-
low-interest (5% percent) federal
loans awarded to undergraduate and
graduate students with exceptional financial need.
You can borrow up to $4,000 for
each year of undergraduate study;
$6,000 for each year of graduate
or professional study.
The total amount you can borrow
as an undergraduate is $20,000 after
you complete two years of undergraduate
study; $40,000 for graduate and
professional.
The loan does not charge origination
fees. Your school becomes the lender
using funds shared by the federal
government. You must repay this
loan to your school.
For more information:
http://www.ed.gov/prog_info/.../perkins.html
the most common form of self-help
aid. These are loans made to students
(Stafford loans) and parents and graduates (PLUS
loans) from banks, credit unions
and other lenders that participate
in the FFELP program.
These loans are insured by the federal
government that allow lenders to
lend money at lower-than-normal
rates. Most schools participate
in FFELP.
Stafford
Student Loans | Grad PLUS
Loans | Parent PLUS
Loans
exactly like the FFELP program above,
except the loans are funded through
the schools by the federal government
directly (not by the banks).
Some schools participate in FDSLP.
You need to check with your school's
financial aid office to determine
whether they participate in FDSLP
or FFELP.
Stafford
Student Loans | Grad PLUS
Loans | Parent PLUS
Loans
|
|
State
Higher Education Agencies
-
such
as grants, scholarships, and other
financial aid. These programs are restricted to state
residents or students attending
state institutions
contact your state education department
for complete informationlist of state education agencies:
http://bcol02.ed.gov/..._list.cfm?category_ID=SHE
|
|
|
|
