Pell grants are available to students who have significant demonstrated financial need, as determined by the Free Application for Federal Student Aid (FAFSA). This grant is considered to be "free" money and does not have to be repaid. (For more information, see the Federal Student Aid site's information on Pell Grants .)
Loans for parents of undergraduate students, available from the Federal Direct Loan Program. Parents may borrow up to the total costs of education minus any student aid awarded (per child). Loans are made without regard to financial need, but borrowers must demonstrate positive credit history.
Loans for students, both undergraduate and graduate, are available through the Federal Direct Loan Program. Subsidized Federal Stafford Loans are made on the basis of financial need. The federal government pays the interest while the student is enrolled.A student may take up to ten years to repay the loan and repayment begins 6 months after the student graduates, leaves school, or drops below half-time status.
Students who do not qualify for a Subsidized Federal Stafford Loan, or who need additional funds, may borrow from the Unsubsidized Federal Stafford Loan Program. Interest rates and repayment terms are similar to those associated with the Subsidized Federal Stafford Loan Program, with one important difference: the government doesn't pay the interest while the student is enrolled. The student can either pay the interest as it accrues or allow the interest to be capitalized.
FSEOG grants are available to undergraduate students who demonstrate exceptional need, according to the results of the Free Application for Federal Student Aid. (For more information, see the Federal Student Aid site's information on the FSEOG Program .)
A form used to apply for all Federal Title IV student aid programs, including Pell Grants, Stafford Loans and campus-based programs (FSEOG, Work-study, and Federal Loans). The FAFSA, which is collected, distributed and processed by the United States Department of Education, gathers the information required to determine need and eligibility according to the federal methodology. It is widely available in high schools, postsecondary financial aid offices and online at https://www.fafsa.gov/ .
Financial Aid & Scholarships
307-754-6158 or 800-560-4692