|
PROGRAM |
REQUIREMENTS |
AWARD LEVEL |
Comments |
| Federal Stafford Loan |
Subsidized = Need based
Unsubsidized = Not need based
|
$2,625-$8,500 annually |
Variable interest rate adjusted annually on July 1st (4.7% for in-school; 5.3% during repayment for 2005-06) |
| Federal PLUS Loan |
Not need based |
Varies |
Variable interest rate adjusted annually on July 1st (6.1% for 2005-06) |
| Federal Consolidation Loan |
Not need based |
Varies |
Handled through lender |
| Federal Perkins Loans |
Not need based |
$4,000 annually for undergrads |
School is the lender; interest rate is 5% |
| Federal Pell Grant |
Need based for undergrads only |
Up to $4,050 annually |
Awarded to students w/high need; award level could change |
| Federal Supplemental Educational Opportunity Grant |
Need based |
$100 to $4,000 annually |
Awarded to students w/high need |
|
