Grants and Work-Study

Program Program Details Award Amounts
(subject to change)
Federal Pell Grant

Grant: Does not have to be repaid

Available almost exclusively to undergraduates Up to $5,645

Total amount may not exceed the equivalent of six years of Pell Grant funding

Federal Supplemental Educational Opportunity Grant (FSEOG)

Grant: does not have to be repaid

For Undergraduates with exceptional financial need; Federal Pell Grant recipients take priority; funds depend on availability at school. $100 – $4000
Federal Work-Study

Money Earned while attending school; does not have to be repaid

For undergraduate and graduate students; jobs can be on campus or off campus; students are paid at least federal minimum wage; funds depend on availability at school no annual minimum or maximum amounts
Direct Subsidized Loans

Loan: must be repaid with interest

The interest rate for new loans made on or after July 1, 2013 and before July 1, 2014 is 3.86%

For undergraduate students; U.S. Department of Education pays interest while borrower is in school and during grace and deferment periods (if you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012 and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period); student just be attending at least half-time and have financial need $5,500 – $20,500 (less any subsidized amount received for the same period); depending on grad level and dependency status

For a totoal lifetime limit, go to page StudentAid.gov/sub-unsub

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