Financial Student Aid Summary

Do you need help paying for college or for a career? This section is a quick reference to our federal student aid programs and how to apply for this aid. The rest of this pubication provides more detail about what you need to know.

Federal Student Aid Summary Chart
Federal Student Aid Program Type of Aid Program Details Annual Award Limits
Federal Pell Grant Grant does not have to be repaid Available almost exclusively to undergraduates; all eligible students will receive the Federal Pell Grant amount they qualify for. $593 - $5,920 for 2017-18
Federal Supplemental Educational Opportunity Grant (FSEOG) Grant that does not have to be repaid For undergraduates with exceptional financial need; priority is given to Federal Pell Grant recipients; funds depend on availability at school. $100 to $4,000
Federal Work-Study (FWS) Money is 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. No annual minimum or maximum awards amounts
Subsidized Direct of FFEL Stafford Loan Loan: must be repaid Subsidized: US Department of Education pays interest while borrower is in school and during grace and deferment periods; you must be at least a half-time* student and have financial need. $3,500 to $8,500 depending on grade level
Unsubsidized Direct of FFEL Stafford Loan Loan: must be repaid Unsubsidized: Borrower is responsible for interest during life of loan; you must be at least a half-time* student; financial need is not a requirement. $3,500 to $20,000 (less any subsidized amounts received for the same period), depending on grade level and dependency status
Direct or FFEL Plus Loan Loan: must be repaid

Available to parents of dependent undergraduate students and graduate and professional students enrolled at least half-time* Financial need is not a requirement.

PLUS Loans are unsubsidized: Borrower is responsible for interest during the life of the loan.

Maximum amount is cost of attendance* minus any other financial aid the student receives; no minimum award amount.

The information in this guide was complied in fall 2017. For any changes to the federal student aid programs since then, visit studentaid.ed.gov and select "Students, Parents and Counselors." Any new information will appear in the "Announcements" section.