[TABLE="class: grid"]
[TR]
[TD]Aid Name[/TD]
[TD="align: center"]Type of Aid[/TD]
[TD="align: center"]Award Amount[/TD]
[TD="align: center"]Available To[/TD]
[TD="align: center"]Administered By[/TD]
[/TR]
[TR]
[TD]Pell Grants[/TD]
[TD]Grant: Need based.[/TD]
[TD]$486-$5350/year[/TD]
[TD]Undergraduate and graduate students.[/TD]
[TD]Federal government[/TD]
[/TR]
[TR]
[TD]Subsidized Stafford Loans*[/TD]
[TD]Loan: Need Based[/TD]
[TD]Depends on Students status. Click here.

Interest rate:
Undergraduate- 6.0%
Graduate- 6.8%[/TD]
[TD]Undergraduate and graduate students.[/TD]
[TD]U.S. Department of Education as of July 1, 2010.[/TD]
[/TR]
[TR]
[TD]Unsubsidized Stafford Loans**[/TD]
[TD]Loan[/TD]
[TD]Depends on Students status. Click here.

Interest rate: 6.8%[/TD]
[TD]Undergraduate and graduate students.[/TD]
[TD]U.S. Department of Education as of July 1, 2010.[/TD]
[/TR]
[TR]
[TD]Scholarships[/TD]
[TD]Scholarships[/TD]
[TD]Varies widely[/TD]
[TD]High school, undergraduate and graduate students.[/TD]
[TD]Varies[/TD]
[/TR]
[TR]
[TD]Federal Work Study[/TD]
[TD]Work-study program[/TD]
[TD]No cap but depends on the amount available at your institution.[/TD]
[TD]Undergraduate and graduate students.[/TD]
[TD]Participating schools.[/TD]
[/TR]
[TR]
[TD]Academic Competitiveness Grant[/TD]
[TD]Grant: Need and merit based.[/TD]
[TD]1[SUP]st[/SUP] year: up to $740
2[SUP]nd[/SUP] Year: up to $1,300[/TD]
[TD]1[SUP]st[/SUP] and 2[SUP]nd[/SUP] year undergraduate students[/TD]
[TD]Federal government.[/TD]
[/TR]
[TR]
[TD]SMART Grant[/TD]
[TD]Grant: Need based.[/TD]
[TD]Up to $4,000/year[/TD]
[TD]3[SUP]rd[/SUP] and 4[SUP]th[/SUP] year undergraduate students[/TD]
[TD]Federal government[/TD]
[/TR]
[TR]
[TD]TEACH Grant[/TD]
[TD]Grant: Need based.[/TD]
[TD]Up to $4,000/year[/TD]
[TD] Undergraduate and graduate students.[/TD]
[TD]Federal government[/TD]
[/TR]
[TR]
[TD]Federal Perkins Loan[/TD]
[TD]Loan: Need based.[/TD]
[TD]Undergraduate: up to $5,500/year and no more than $27,500 during undergraduate education. Graduate: up to $8,000 a year and no more than $60,00 in total (including funds received during undergrad).

Interest rate: 5%[/TD]
[TD]Undergraduate, graduate and students in professional programs.[/TD]
[TD]Participating schools.[/TD]
[/TR]
[TR]
[TD]FSEOG[/TD]
[TD]Grant: Need based.[/TD]
[TD]Up to $4,000/year[/TD]
[TD]Undergraduate students.[/TD]
[TD]Undergraduate students.[/TD]
[/TR]
[TR]
[TD]PLUS Loans[/TD]
[TD]Loans[/TD]
[TD]Student’s cost of attendance – Other aid received = Maximum loan amount

Variable interest rate: 3.8%[/TD]
[TD]Parents of undergraduate students on behalf of the student and students in professional/graduate programs.[/TD]
[TD]U.S. Department of Education[/TD]
[/TR]
[/TABLE]

*A fee of up to 1.5% may be charged on each disbursement. The government pays interest on the loan while the student is in college. Repayment of the loan begins after a 6 month grace period following the last day of college. Defaulting on a loan payment can have serious repercussions not limited to a decrease in credit score, additional fees and penalties or the possibility of being sued. Some education professionals qualify for loan forgiveness programs.

** A fee of up to 1.5% may be charged on each disbursement. The government does not pay interest on the loan while the student is in college. Repayment of the loan begins after a 6 month grace period following the last day of college. The student is responsible for all interest incurred during college. Defaulting on a loan payment can have serious repercussions not limited to a decrease in credit score, additional fees and penalties or the possibility of being sued. Some education professionals qualify for loan forgiveness programs.

Sources: Student financial aid information found on www.studentaid.ed.gov and www.ed.gov

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