Federal Aid

| Grants | Loans |

In order to be eligible for Federal Financial Aid you must complete the Free Application for Federal Student Aid (FAFSA)* and meet eligibility requirements.

*School code 003677


Grants

Grants

Grants are a type of financial aid that does not have to be repaid.

Federal Pell Grant

Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. Any grant awards will depend on financial need, cost of attendance, full-time or part-time status, and plant to attend school for a full academic year or less.  For more information please visit the U.S. Department of Education Federal Pell Grants web page.

Federal Supplemental Educational Opportunity Grant (FSEOG)

To receive an FSEOG, you must fill out the Free Application for Federal Student Aid (FASFA). The FSEOG program is administered directly by the financial aid office at each participating school and is therefore called "campus-based" aid. The amount of aid that is awarded depends on financial need, time of application, amount of other aid received, and availability of funds at the school.  These funds are available on a "first come, first served" basis.  For more information visit the U.S. Department of Education FSEOG web page. 

Teacher Education Assistance for College and Higher Education (TEACH) Grant

A TEACH grant can help you pay for college of you plan to become a teacher in a high-need field in a low-income area. This grant requires you to take certain kinds of classes and then do a certain kind of job to keep the grant from turning into a loan. The TEACH grant provides assistance to students who are completing or plan to complete course work needed to begin a career in teaching. For more information visit the U.S. Department of Education TEACH Grants web page.

   


Loans

Loans

Loans are student aid funds that you must repay with interest.

Federal Perkins Loan

Perkins Loans are low-interest federal student loans for students with exceptional financial need. The school is the lender so you will make your payments to the school. Funds depend on financial need and the availability of funds at the college. The amount you can borrow depends on financial need, the amount of other aid received and the availability of funds at the college. For more information visit the U.S. Department of Education Perkins Loans web page.

Direct Subsidized and Direct Unsubsidized Student Loans

Loans are made available for eligible students to help cover the cost of higher education.

Direct Subsidized Loans have slightly better terms to help out student with financial need. The school determines the amount you can borrow, and the amount may not exceed your financial need. For a subsidized loan, the U.S. Department of Education pays the interest while you are in school at least half-time, for the first six month after you leave school, and during a period of deferment.

Direct Unsubsidized Loans are available to students without a requirement to demonstrate financial need. The school determines the amount you can borrow by considering the cost of attendance and other financial aid you receive. For an unsubsidized loan you are responsible for paying the interest during all periods. If you choose not to pay the interest while you are in school and during grade periods and deferment or forbearance periods, your interest will accrue and be capitalized. For more information visit the U.S. Department of Education Subsidized and Unsubsidized Loan web page.

Direct PLUS Loan (Parent Loan)

PLUS loans are federal loans parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education is the lender. The borrower must not have an adverse credit history. Loans have a fixed interest rate. The maximum loan amount is the student's cost of attendance minus any other financial aid received. For more information visit the U.S. Department of Education PLUS Loans web page.  

Direct Consolidation Loans

A Direct Consolidation Loan allows you to consolidate multiple federal student loans into one loan. The result is a single monthly payment instead of multiple payments. Consolidating your loans can simplify your payments, but is also can result in loss of some benefits.  For more information visit the U.S. Department of Education Loan Consolidation web page.