FEDERAL PELL GRANT: 

Annual amount: $400 - $5,775 

Graduated amount based on EFC.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG): 

Annual amount: $100 - $4,000 

Graduated amount depending on when you apply, level of need, and funding level of school you're attending.

FEDERAL WORK-STUDY (FWS): 

Variable amount (per school year): $1,000 - $3,000 

Students usually work 10-15 hours per week and are paid every two weeks. Award amount depends on when you apply, your level of need, and the funding level of your school.

FEDERAL PERKINS LOAN: 

Annual loan limit per year: $5,500 

Total loan limit (undergraduate): $27,500 

Interest rate upon repayment: 5% 

This a school-based loan program for undergraduates and graduate students with exceptional financial need. Under this program, the school is lender.  Award amount depends on when you apply, level of need and the funding level of your school.

FEDERAL DIRECT SUBSIDIZED LOAN: 

Annual loan limit (first year student): $3,500 

Annual loan limit (second year student): $4,500 

Annual loan limit (third and fourth year student): $5,500 

Total loan limit (undergraduate): $23,000 

Interest rate upon repayment: (variable) not to exceed 8.25% 

Available to undergraduate students with financial need based on FAFSA. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while a student is enrolled at least half time. 

FEDERAL DIRECT UNSUBSIDIZED LOAN: 

Available to all students regardless of need or income. Same interest rate and loan limits as Need-Based Federal Stafford Loan (Subsidized). Interest repayment usually begins when loans are disbursed, but may be deferred by the lender.  

FEDERAL DIRECT PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS): 

Annual loan limit: Cost of education minus other aid 

Interest rate upon repayment: Variable not to exceed 9% 

Repayment (principal and interest) usually begins 60 days after final loan  

disbursement for the academic year. 

ACADEMIC COMPETITIVENESS GRANT: 

Annual amount: $750 - $1,300 

Available to students for their first and second years of college, based on PELL eligibility, U.S. citizenship, and full-time attendance, who have completed a rigorous secondary school program of study as established by a state or local educational agency.