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Federal Programs

Federal Pell Grant

  • Largest direct-aid grant program administered on a federal level.
  • Gift aid (does not have to be repaid).
  • Grant may be used for any educational expense, such as tuition and fees, room and board, and living expenses.
  • Available to undergraduate students.
  • The maximum award for the 2016-17 academic year is $5,815.
  • To apply for the grant, complete a Free Application for Federal Student Aid (FAFSA). Financial need is based on Federal Methodology.
  • Students are notified of eligibility via the Student Aid Report (SAR).
  • The award amount of the Federal Pell Grant is calculated by the college and is based on the SAR information.
  • Award amounts are dependent upon funding approved by the Federal government.

Federal Supplemental Educational Opportunity Grant (FSEOG)

  • Gift aid (does not have to be repaid).  Priority for this grant is given to exceptionally needy students (in lowest EFC order) and Federal Pell Grant recipients.
  • Available to undergraduate students with an exceptional financial need.
  • The amount a student can receive depends on the student's need and the availability of funds at the college.  The maximum award is $4,000.
  • Apply for FSEOG by completing a Free Application for Federal Student Aid (FAFSA).  Financial need is based on Federal Methodology.
  • The application deadline is set by each Financial Aid Office.
  • Eligibility for the grant is determined by the college's Financial Aid Administrator.
  • Eligible students are notified via the college's financial aid award letter.

Federal TEACH Grant

  • The federal Teacher Education Assistance for College and Higher Education (TEACH) Grant Program was designed to benefit current and prospective teachers.
  • Available to undergraduate and graduate students. 
  • Applicants must complete and submit the Free Application for Federal Student Aid (FAFSA), which includes a question that will assist colleges in identifying students who may be eligible for a TEACH Grant.
  • Applicants must meet basic eligibility requirements (there is no Expected Family Contribution for this grant). 
  • Must be currently completing coursework necessary to begin a career in teaching; or plan on completing coursework necessary to begin a career in teaching. Meet academic requirements, and must meet academic requirements.
  • Maximum award is up to $4,000 per academic year. Maximum aggregate awards are:
    • $16,000 for students working toward their first undergraduate or post-baccalaureate (nondegree) program
    • $8,000 for graduate students.
  • When combined with other aid, the award amount cannot exceed the cost of attendance. The award amount is prorated for those attending less than full-time.
  • Recipients of this grant must sign an agreement to meet specific teaching requirements within eight years after completing the program for which the grant was received. If the teaching requirement is not fulfilled, the grant must be repaid as an unsubsidized Direct Stafford Loan.
    • Provisions for handling extenuating circumstances for students who cannot fulfill all of the loan service obligations will be established.
  • Comparison of Teacher Education Programs (including Federal TEACH Grant and ISAC programs)

Federal Work-Study (FWS)

  • Need-based employment program providing on- and off-campus jobs for students.
  • Available to undergraduate and graduate students.
  • Compensation is at least the current federal minimum wage and is paid by the college directly to the student.
  • Eligible students and the Financial Aid Office work together to locate available jobs.
  • Apply for FWS by completing a Free Application for Federal Student Aid (FAFSA).  Financial need is based on Federal Methodology.
  • The availability of funds is limited; Financial Aid Offices may establish priority deadlines.

Federal Perkins Loan Program

Wind-down of the Federal Perkins Loan Program

Federal legislation was passed in December 2015, extending the Federal Perkins Loan Program through September 30, 2017 and establishing these new guidelines for undergraduate and graduate students:

  • A current undergraduate student who meets all eligibility requirements and who – on the date of disbursement – has an outstanding balance on a Perkins Loan that was made by the same college from which a Perkins Loan is now being requested, and for whom all Direct Subsidized Stafford Loan aid for which the student is eligible has been awarded, may receive Perkins Loans through September 30, 2017. 
  • A new undergraduate student who meets all eligibility requirements and who – on the date of disbursement – does not have an outstanding balance on a Perkins Loan that was made by the same college from which a Perkins Loan is now being requested, and for whom all Direct Subsidized and Unsubsidized Stafford Loan aid for which the student is eligible has been awarded, may receive Perkins Loans through September 30, 2017.
  • A graduate student who meets all eligibility requirements, has received a Perkins Loan before October 1, 2015 and whose most recent Perkins Loan was made for enrollment in an academic program at the same college from which a Perkins Loan is now being requested, may receive Perkins Loans through September 30, 2016 if the Perkins Loan will enable the student to continue or complete the same academic program for which the student received his or her most recent Perkins Loan.

The legislation also prohibits colleges from making Perkins Loans on or after October 1, 2017, except for subsequent disbursements in certain situations. 

  • Need-based loan which must be repaid to the school.
  • Available to undergraduate, graduate and professional students.
  • Current interest rate is 5%.
  • Eligible students may borrow up to the annual maximums of:
    • $5,500 - undergraduate study
    • $8,000 - graduate study
  • Repayment begins nine months after the student graduates or drops below half-time enrollment status.  Minimum monthly payment is $40 per month.
  • Apply for the loan by completing the Free Application for Federal Student Aid (FAFSA).  Financial need is based on Federal Methodology.
  • Eligibility for the Federal Perkins Loan is determined by the college's Financial Aid Administrator and the availability of funds at the college. Financial Aid Offices may establish priority filing deadlines.
  • The college acts on behalf of the federal government as the lender for the loan; students sign a promissory note and receive the loan funds from the school.  Students must also complete entrance and exit loan counseling before receiving loan dollars.
  • Borrowers should contact their college/university to learn about repayment, deferment and forbearance provisions, loan cancellation and rehabilitation requirements.

Federal Student Loans

At the current time, all new federal student loans are being administered and funded by the U.S. Department of Education (ED) through the William D. Ford Federal Direct loan Program (Federal Direct Loans). Prior to July 1, 2010, federal student loans were also available through the Federal Family Education Loan Program (FFELP). FFELP was administered by guaranty agencies (e.g., ISAC) and the federal government, with private lending institution funding the loans. For information regarding Federal Direct Loans, refer to ED’s Direct Loan Program website or contact the college’s financial aid office.