- Federal Supplemental Education Opportunity Grant-
The Federal Supplemental Education Opportunity Grant (FSEOG) provides grants to undergraduate students based on financial need, with the same eligibility requirements as the Pell Grant. The program gives preference to students with the most significant financial need and to those also receiving federal Pell Grants. An FSEOG can be between $100 and $4000, and does not need to be repaid. Check with your intended school’s financial aid office for information about their FSEOG money.
- Federal Work Study-
This program provides funds to colleges to subsidize work done by students. The total award amount is included in the student’s financial aid package and the time it takes to earn the award varies depending on the hourly wage.
- Pell Grant-
A Pell Grant is awarded to undergraduate students who have not earned a bachelor’s or professional degree, based on financial need. The federal financial aid grants are one year in duration and there is a maximum award of $4000. Eligibility is determined by the Free Application of Federal Aid (FASFA). The application may be filled out at www.fafsa.ed.gov.
- Perkins Loan Program-
The Perkins Loan Program provides low-interest loans for undergraduate and graduate students based on financial need. The program Is not dependent on credit history and does not require a cosigner. Student can borrow up to $4000 each year for undergraduate studies and up to $6000 each year for graduate studies. Payments and interest are deferred while the student is attending school at least half time, and there is a 9-month grace period after graduation before loan payments must be made.
- Stafford Loan Program-
Stafford loans are fixed-rate, low-interest loans for undergraduate students awarded based on financial need. The loans are not dependent on credit history and do not require a cosigner. Payments and interest are deferred while the student is attending school at least half time, and there is a 6-month grace period after graduation before loan payments must be made. Repayment plans included standard, graduated, income-sensitive and extended. Contact the Direct Loan Servicing Center- Borrower Services: 1-800-848-0979 or 1-315-738-6634; Fax: 1-800-848-0984; TTY: 1-800-848-0983; www.dl.ed.gov.