| Federal Student Loan Program |
Type of Aid | Other Information |
Annual Award Limits |
Disbursement | |||||||||
| Federal
Perkins Loans
for undergraduate and graduate students who meet financial need and enrollment criteria
|
Loan: must be repaid. You may consolidate your loans after school for extended repayment terms that lower your monthly payment view terms at our student loan consolidation site: click here |
These are low-interest rate loans
(5%) available to students with exceptional financial need.
The loan does not charge origination fees. |
$5,500 for undergraduate students $8,000 for graduate students Maximum amount: |
Direct
Loans: FFEL: The school then disburses funds to the student after payment of tuition and other school expenses.
|
|||||||||
| Subsidized Stafford Student Loans for undergraduate and graduate students who meet financial need and enrollment criteria view special benefits via our partner
|
Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payment view terms at our student loan consolidation site: click here
|
Subsidized: The Federal Government pays the interest while the student is in school and during grace and deferment periods. Limited Requirements
Rates: |
Amounts: $3,500 to $8,500 annually, depending on grade level Maximum Limit:
|
||||||||||
| Unsubsidized Stafford Student Loans for undergraduate and graduate students who meet financial need and enrollment criteria
|
Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments view terms at our student loan consolidation site: click here |
Unsubsidized: The borrower is responsible for interest during the life of the loan Requirements:
Rates:
|
Amounts: $9,500 to $20,500 annually, depending on grade level (minus any unsubsidized loans) Maximum Limit: |
||||||||||
| PLUS
Loan
Available to parents of dependent undergraduate students
|
Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments view terms at our student loan consolidation site: click here |
Requirements:*
* Borrower must have a satisfactory credit. Parents who don't have satisfactory credit should apply with a creditworthy co-borrower. Rates: |
Amounts: Cost of attendance minus any other financial aid received |
||||||||||
| Grad PLUS
Loan
Available to graduates and professional students
|
Loan: must be repaid You may consolidate your loans after school for extended repayment terms that lower your monthly payments view terms at our student loan consolidation site: click here |
Requirements:*
* Borrower must have a satisfactory credit. Students who don't have satisfactory credit should apply with a creditworthy co-borrower. Rates: |
Amounts: Cost of attendance (includes tuition, room and board, books, and even travel) minus any financial aid received. |
||||||||||
| Private Loan Programs |
Type of Aid | Other Information |
Annual Loan Limits |
Disbursement | |||||||||
| Private Student Loans for undergraduate, graduate, and continuing education students
|
Loan: must be repaid You may consolidate your private student loans after school for extended repayment terms that lower your monthly payments |
Qualifications: Available to undergraduate, graduate, and continuing ed students enrolled in a degree or certificate program at an approved college or university Requirements*:
* Borrower must have at least 21 months credit experience and a satisfactory credit history. Borrowers who don't meet these credit requirements should apply with a creditworthy
co-borrower. |
Amounts: $3,000 to $45,000 or more |
Funds disbursed directly to the student and cosigner after it has been certified by the school, if any | |||||||||
|
|||||||||||||
| Home Equity Loans for homeowners with equity value in their home
|
Loan: must be repaid |
Qualifications: Available to homeowners with an equity position at qualified LTV ratios: calculate your LTV position Requirements*:
* Borrower must have a satisfactory
credit. Borrowers who don't have satisfactory
credit should apply with a creditworthy
co-borrower. |
Amounts: no annual limits. Total amount limited by the approved balance upon loan closing. |
Home
equity lines: funds available whenever needed upon writing a check. Banker line of credit: |
|||||||||
| College Aid Programs |
Type of Aid | Other Information |
Annual Award Limits |
Disbursement | |||||||||
| Federal Pell Grant |
Grant: does not have to be repaid | Available to undergraduates only | Up to $4,731 | School acts as the U.S. Department of Education's agent | |||||||||
| Federal Supplemental Educational Opportunity Grant (FSEOG) | Grant: does not have to be repaid | Available to undergraduates only; check to see if you school participates in campus-based programs | Up to $4,000 | School disburses funds to students | |||||||||
| Academic Competitiveness Grant | Grant: does not have to be repaid | Available to undergraduates only who are eligible for a Federal Pell Grant | Up to $750 for the first year of undergraduate study and up to $1,300 for the second year | School
disburses funds to students
|
|||||||||
| National SMART Grant | Grant: does not have to be repaid | Available to undergraduates only who are eligible for a Federal Pell Grant and who are majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security. | Up to $4,000 for each of the third and fourth years of undergraduate study | School
disburses funds to students
|
|||||||||
| Teaching Education Assistance Grant | Grant: does not have to be repaid | Available to undergraduate and graduate students who are completing or who plan to complete course work needed to begin a career in teaching. | Up to $4,000 | School
disburses funds to students
|
|||||||||
| Federal Work-Study |
Money is earned: does not have to be repaid | Available to undergraduates and graduates; check to see if your school participates in campus-based programs | No annual maximum | School disburses earned funds to students | |||||||||
