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Financial Aid Resources

Summary of the U.S. Department of Education’s Federal Student Aid (FSA) programs.

Federal Student Aid Program Program Details (Maxium Awards)
Federal Pell Grant Available almost exclusively to undergraduates students. Annual – $5,350 (for 2009-10 award year July 1, 2009 to June 30, 2010) – $5,550 (for the 2010-11 award year (July 1, 2010 to June 30, 2011)
Federal Supplemental Educational Opportunity Grant (FSEOG) Undergraduate students with exceptional financial need. Priority is given to Federal Pell Grant recipients. Annual – $100-$4,000 depending on school funds availability
Federal Work-Study For undergraduate and graduate students (not available to international students). Student coordinates with school to find eligible employers. Jobs can be on campus or off campus. Students are paid at least minimum wage.
Federal Perkins Loan Funds provided directly by and repaid to school. Determined by financial need & fund availability. Interest rate is five percent. Annual – $5,500 undergraduate / $8,000 graduate & professional
Subsidized FFEL or Direct Stafford Loan Interest paid by lender while student is in school or period of deferment. Available to all undergraduate or graduate students with financial need attending at least half-time. Annual – $3,500-$8,500 depending on grade level
Unsubsidized FFEL or Direct Stafford Loan Interest paid or accrued by borrower while student is in school or in grace or deferment period. Available to all undergraduate or graduate students with financial need attending at least half-time. Annual – $5,500-$20,500 (less any subsidized amounts received for the same year) depending on grade level
FFEL or Direct Parent PLUS Loan Interest paid or accrued by borrower for length of loan. Available to parents of dependent students (borrower must not have negative credit history). Lifetime – Cost of attendance minus any other financial aid received