| PROGRAM |
AMT PER YEAR |
APPLICATION |
| GIFT AID |
| Federal Pell Grant |
0 - $4050 |
FAFSA |
|
| Grant based on financial need student receives notification of eligibility with receipt of Student Aid Report(SAR) which must be submitted to the school for determination of amount based on cost and credits. |
|
| Federal Supplemental Education Opportunity Grant (SEOG) |
up to $400 per qtr. |
FAFSA |
|
| Grant based on financial need awarded by the institution. Notification is made approximately four weeks after start date. |
| |
| LOANS |
| Federal Stafford Loan (Subsidized and Unsubsidized) |
Sub-First year up to $2625
Unsub-First year up to $4000
Sub-Second year to $3500
Unsub-Second year to $4000
|
FAFSA, Master Promissory Note, & Online Entrance Counseling |
| Unsub |
1st & 2nd year $4000 |
|
|
| Long-term, Low interest loan (variable interest with 8.25% cap, currently 3.42% for July 2003 through June 2004). Payments deferred until six months after student leaves school or attends less than half time. Need based calculation. |
|
| Federal Parent Loan for Undergraduate Students (PLUS) |
Up to need |
Federal Plus promissory note. FAFSA |
| |
|
| Long-term variable interest rate loan with a 9% cap (currently 4.22% for July 2003 through June 2004) for parents of dependent undergraduates. |
|
| |
|
| Key Alternative Loan Program |
Up to tuition/fee/book costs |
Key application |
| |
|
| Supplemental, variable interest rate with 2 options, allows deferment of principal while in school at least half-time, allows use of loans for less than half-time attendance and does not require a co-signer, if borrower meets credit requirements |
