Types of Financial Aid

Federal Pell Grants

Undergraduate students who have not received a bachelor’s or professional degree may be considered for the Federal Pell Grant program. The amount of the grant received depends on the student’s Expected Family Contribution (EFC) as determined by the U. S Department of Education through the Free Application for Federal Student Aid (FAFSA) and the student’s enrollment status. The EFC must be determined for each new academic year.

Federal Supplemental Educational Opportunity Grants

Federal Supplemental Educational Opportunity Grants (FSEOG) are available  students who have not completed a baccalaureate program. FSEOG is awarded to exceptionally needy students, with priority given to students with the lower EFC’s and to students who receive Federal Pell Grants. There is no guarantee that every eligible student will be able to receive FSEOG award.

Federal Work Study

The Federal Work Study (FWS) program provides part-time employment for students to help meet their educational expenses. The program encourages community service work that is related to student’s course of study. Students who are enrolled at least half-time would work an average of 15 to 25 hours per week. Student work hours are assigned according to the amount of the total FWS award, the student’s class schedule, and the student’s academic progress. FWS positions can be on or off campus.

The total Federal Work Study award depends on the time of application, the level of need and the availability of funds. Students will be paid by the hour. Hourly rates vary according to the position held. Federal Work Study paychecks are mailed once a month to the student address on file in the Records Office. Addresses must be kept up-to-date.

Federal Family Educational Stafford Loans

Federal Family Educational Stafford Loans (FFEL Stafford Loans) are the government’s major form of self-help aid. These loans, which are available through the Federal Family Education Loan (FFEL) program, can be either subsidized or unsubsidized. A subsidized FFEL Stafford Loan is awarded on the basis of financial need. No interest payments are required before repayment begins or during an authorized period of deferment. The federal government “subsidizes” the loan during these periods by paying the interest for you.