| Federal
Pell Grant |
|
Details: Available almost exclusively to undergraduates;
all eligible students will receive the Federal
Pell Grant amount they qualify for. Does NOT have to be repaid.
Annual
Award Limits: $400 to $4,050 for 2006-07 |
| Federal
Supplemental Educational Opportunity Grant (FSEOG) |
|
Details: For undergraduates with exceptional financial
need; priority is given to Federal Pell Grant
recipients; funds depend on availability at school.
Does NOT have to be repaid.
Annual Award Limits: $100 to $4,000 |
| Federal
Work-Study |
|
Details: For undergraduate and graduate students;
jobs can be on campus or off campus; students
are paid at least federal minimum wage. Does NOT have to be repaid.
Annual
Award Limits: No annual minimum or maximum award amounts |
| Federal
Perkins Loan |
|
Details: Interest charged on this loan is 5 percent for
both undergraduate and graduate students; payment
is owed to the school that made the loan. MUST be repaid.
Annual
Award Limits: $4,000 maximum for undergraduate students; $6,000
maximum for graduate and professional students;
no minimum award amount |
Subidized
Direct or FFEL
Stafford Loan |
|
Details: Subsidized: U.S. Department
of Education pays interest while borrower is in
school and during grace and deferment periods;
you must be at least a half-time* student. MUST be repaid.
Annual Award Limits: $2,625 to $8,500, depending on grade level |
| Unsubsidized
Direct or FFEL Stafford Loan |
|
Details: Unsubsidized: Borrower is responsible for interest during life
of the loan; you must be at least a half-time* student; financial need is not a requirement. MUST be repaid.
Annual
Award Limits: $2,625 to $18,500, depending on grade level (includes
any subsidized amounts received for the same period). |
| Direct
of FFEL PLUS Loan |
|
Details: Available to parents of dependent undergraduate
students who are enrolled at least half-time*. MUST be repaid.
Annual
Award Limits: Maximum amount is cost of attendance* minus any other financial aid the student receives;
no minimum award amount |
