Subsidized
vs. Unsubsidized Aid
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subsidized aid includes
government grants and loans |
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subsidized grants
are administered by colleges and
awarded to their neediest students.
Grants do not have to be repaid. |
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subsidized loans
are awarded to students who display
a need. Interest on subsidized
loans are paid by the federal
government while the student is
attending school. |
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unsubsidized
aid includes loans that are available
to anyone regardless of need.
The interest on unsubsidized loans
are paid by the student. |
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more
information available |
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Confused?
Follow the Aid Path
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To receive
student financial aid assistance, you must:
- display a need for financial aid (except
for unsubsidized Stafford and PLUS loans).
- complete high school and have been
awarded a high school diploma or a General
Education Development (GED) Certificate.
- pass a college entrance exam approved
by the U.S. Department of Education, and/or
meet other standards your state may establish.
link to view state requirements:
http://www.ed.gov/Programs/bastmp/SHEA.htm
- be enrolled or accepted for enrollment
as a regular student working toward a
degree or certificate in an eligible program.
- be a U.S. citizen or eligible non-citizen
- have a valid Social Security number
link to obtain SSN:
http://www.ssa.gov/online/ss-5.html
- make satisfactory academic progress.
- sign a statement on the Free Application
for Federal Student Aid (FAFSA) certifying
that you will use federal student aid
only for educational purposes:
see our note on FAFSA form submission:
see Step 1
- sign a statement on the FAFSA certifying
that you are not in default on a federal
student loan and that you do not owe money
back on a federal student grant.
- register with the Selective Service
(for young men age 18 and over):
you can register online:
http://www.sss.gov/
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Financing
Notes
