| Type
Program |
Program
Information |
Annual
Award Limits |
Requirements |
|
more
information from Dept. of Ed.
|
- Federal Pell Grant
- Federal Supplemental Educational
Opportunity Grant (FSEOG)
and two new grants:
- Academic Competitiveness Grant
- National SMART Grant
These grants are available to
continuing students in undergraduates
programs only. These grants do not
have to be repaid. Special provisions are required to receive these grants. More detail information available under our federal aid options file |
Up
to $4,000 annually |
Student
must file the FAFSA form.
see
FAFSA links
Grants awarded based on financial
need.
School acts as the U.S. Department
of Education's agent.
Submit your application for grants through your school. |
|
more
information from Dept. of Ed. |
Student
will work a set number of hours for
the school or approved public-service
related company.
Money is earned: does not have to
be repaid. Graduates paid on a hourly
basis or by salary. |
No
annual maximum |
Student
must file the FAFSA form.
see
FAFSA links
School disburses earned funds to students.
Submit your application for work study through your school. |
|
more
information from Dept. of Ed. |
must be repaid.
These are low-interest rate loans
(5%) available to students with exceptional
financial need.
The loan does not charge origination
fees. |
$4,000
for undergraduate programs;
$6,000 for
graduate programs
|
Student
must file the FAFSA form.
see
FAFSA links
Your school becomes the lender using
funds shared by the federal government.
You must repay this loan to your
school.
Submit your application for Perkins Loans through your school. |
|
link
to your individual state for information |
Individual
states offer financial aid programs
for state residents and in some cases
out-of-state residents attending in-state
schools.
Financial aid may include grants,
scholarships, financial aid assistance,
and some loan programs. |
Financial
assistance may vary by state. |
Financial
aid qualifications can vary by individual
state. |
|
see
Stafford Loans
|
the Federal Government pays interest
while the student is in school and
during grace and deferment periods.
the borrower is responsible for
interest during the life of the
loan.
the type of loans
awarded depends on financial status
and position.
Loan funds will be sent to the school
and disbursed in at least two installments.
The funds will first be applied to
pay tuition, fees, room and board,
and other school charges. Any remaining
funds must be used for paying education-related
expenses.
|
$2,625 to $10,500, depending on grade
level
see
loan chart
up to $18,500, for each academic year
|
Student
must file the FAFSA form.
see
FAFSA links
Loan restricted to education-related
expenses only.
Student must be enrolled at least
half-time in a degree or certificate
program at an approved school.
Direct Stafford Loans: The federal government
provides funds to schools
FFEL Stafford
Loans: private lenders provide funds
to schools to disburse to students |
|
see
grad PLUS program
|
Graduate and professional students can borrow under the PLUS loan program on their behalf.
Loan funds will be sent to the school.
The loan will be disbursed in at least
two installments; no installment will
be greater than half the loan amount.
The funds will first be applied to
pay tuition, fees, room and board,
and other school charges, even travel. Any remaining
funds must be used for paying education-related
expenses.
|
The
annual limit is equal to the total cost
of attendance (including travel) minus any financial aid
received.
You must first accept all Stafford Student Loan you are eligible for before you may borrow under the Graduate PLUS program. |
Student
must file the FAFSA form.
see
FAFSA links
Student must pass a credit check to
qualify or have a relative or friend
who can pass the credit check co-sign
the promissory note.
Loan restricted to education-related
expenses only.
Student must be enrolled at least
half-time in a degree or certificate
program at an approved school. |
|
see
Private Loans
or dial
for questions on how this loan program can work for you
|
Private student loans are used to make up the
difference between total cost of school and any
financial aid received.
These loans are not guaranteed by the government
so the interest rate and origination costs may
be higher.
Most private loan programs have higher borrowing
limits than federal loan programs.
Funds can be used for any education-related expenses,
including a new personal computer for school use. |
From
$1,500 to $30,000 annually; the aggregate program
maximum is $130,000 |
You
must have a satisfactory credit history.
Learn
about building and maintaining a good
credit history: you will link to our credit center
You must meet the credit guidelines for employment
and residency.
If you can't meet these guidelines, you may request
your parent or another to co-sign for the loan.
Students must be enrolled less than half-time in a degree or certificate program at an approved school.
Funds disbursed directly to the student. |
|
see
Alternative Aid
|
Private
loan program where the lender opens
a credit line on your behalf, which
credit line is secured by the equity
value of your home.
You will use equity line checks or
online transfer capabilities to pay
for education or other expenses.
The line of credit can be used at
any time and for any expense up to
your approved credit line balance. |
Your amount is subject to your approved
equity line balance. |
You
must have equity value in your home.
Calculate
your equity value.
You must meet the lenders credit
criteria and credit check.
There is no limitation or restrictions
on the use of the funds. |
|
see
Alternative Aid |
Qualified investment plans that can
be used to pay education expenses.
Contributions are after-tax, but earnings
in the fund are tax exempt.
Funds are available to any named
beneficiary. The beneficiary can be
the contributor.
(view
our State529 Center)
- Prepaid College Tuition Plans
- College Savings Plan
IRA plans that can be setup for education.
Contributions are after-tax, but earnings
in the fund are tax exempt.
The IRA can be used to pay for higher
education and K-12 education expenses. |
Limitations
subject to the available amount in the
plan. |
Plan
must be setup in your name as the
beneficiary.
Withdrawals are tax-exempt if the
funds are used to pay for education-related
expenses.
Penalties may apply for payment of
non-education expenses.
view
plans |
|
More information from the IRS:
http://www.irs.gov |
You
can make withdrawals from your IRAs
for qualified higher education expenses
without having to pay the 10% penalty
tax. |
Limitations
subject to the available amount in the
plan. |
You
will owe income tax on at the amount
withdrawn from the plan. |
|
see
scholarship info
sample report: click |
Scholarships
are available from many private and
educational institutions. This type
of financial aid does not have to
be paid back.
The more common form of scholarships
are athletic and academic. However,
there are a number of scholarships
awarded for other achievements.
|
Limits
subject to scholarship award and program. |
Scholarships
may require an essay, written exam,
or some demonstration /document of
your eligibility.
get
some help
Most scholarships (including athletic)
will require a minimum GPA.
Scholarship funds will be sent to
the college directly on your behalf. |
|
See
our Financial Aid Note:
types
of financial aid available
 |
|
|
