Take Note

A Service of Lessons and Carols

Thurs., Nov. 30, 7:00 p.m., Ligon Chapel; free and open to the public

Federal Financial Aid

Federal Grants, Loans, and Work-Study

To apply for need-based financial aid, you must complete the steps in the Financial Aid Checklist.

The following programs are distributed to students on the basis of financial need. Grants need not be repaid. You may qualify for federal loan programs, which may be included in your financial aid package. Work-Study is awarded on the basis of need and is applied to your account or paid to you as you earn the funds based on hours worked.

Consideration for the following awards is automatic upon completion of the FAFSA and the Financial Aid Checklist, as instructed above.

Program Award Amount Deadlines and notes
Federal Pell Grant (2017–2018) Up to $5,920 N/A
Federal Supplemental Educational Opportunity Grant (FSEOG) Up to $1,000 Limited Availability
Federal Work-Study: FWS is awarded based on need. Students may work up to five hours per week. Money earned is paid directly to the student in the form of a check (required paperwork must be completed and time sheets must be submitted). Students may choose to make payments on their student accounts using their FWS wages. $1,000 Limited Availability; five hours per week average; complete Federal Work-Study Application if awarded in your financial aid package
Federal Teacher Education Assistance for College & Higher Education (TEACH) Grant Up to $4,000 per year For students who intend to teach in a public or private elementary or secondary school that serves students from low-income families; subject to designated high-need fields; requires 3.25 GPA or designated ACT score
Federal Perkins Loans: low-interest loans for high need students(this program may end after spring 2017) Varies with availability of funds N/A
Federal Direct Loans: subsidized and unsubsidized loans for dependent and independent students Varies with classification N/A
Federal Direct PLUS Loans: unsubsidized loans for parents of dependent students Up to cost of attendance N/A