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What is
Federal Financial Aid?
How Do I
Apply?
Basic
Eligibility
Satisfactory
Academic Progress
What is the
Process?
How is
Financial Aid Awarded?
Loan
Information Session
Veterans Benefits
Financial
Aid Links
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Financial aid consists of Grants, Loans, and Work-Study
Programs which are designed to help you with your educational
costs.
GRANTS are federal aid that you
do not have to pay back, as long as the student finishes the
semester for which the grant was received.
- Federal Pell Grant
- Federal Supplemental Opportunity Grant
- State Student Incentive Grant
WORK-STUDY is a part-time job on
or off campus which lets you earn money to help pay your
educational costs.
LOANS are borrowed money that you
MUST repay, with interest.
- Repayment begins 6 months after the student stops attending
school at least half-time.
- The interest rate is variable, but will not exceed
8.25%.
- Federal Stafford Subsidized Loans are based on need.
The government pays the interest while the student is enrolled
in school at least half-time and during the six month grace
period.
- Federal Stafford Unsubsidized Loans are not based on
need. The interest accrues from the time the money is disbursed
to the student. The student can either make interest payments
or let the interest accrue and capitalize it when
they go into repayment.
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