|
Federal
Pell Grant | Grant: does not have to be repaid | Available to undergraduates only | Up to $4,000 for
2002-2003 | School acts as the U.S. Department of Education’s agent |
Federal Supplemental
Educational Opportunity
Grant (FSEOG) | Grant: does not have to be repaid | Not all schools participate in all Campus-Based Programs;
for undergraduates only | Up to $4,000 | School disburses funds to
students |
Federal
Work-Study | Money is earned;
does not have to be repaid | Not all schools participate in all Campus-Based Programs; for undergraduate and graduate students | No annual maximum | School disburses earned funds
to students |
Federal
Perkins Loan | Loan: must be repaid | Not all schools participate in all Campus-Based Programs; for undergraduate and graduate students | $4,000 for
undergraduate
students;
$6,000 for
graduate
students | School disburses funds to students |
|
Subsidized Stafford
Loan | Loan:
must be repaid | The Department of Education
pays interest while the student
is in school and during grace
& deferment periods | $2,625 to
$18,500,
depending on grade
level | Direct Loans: The federal government
provides funds to schools to
disburse to students; FFEL: Private
lenders provide funds to
schools to disburse to students |
Unsubsidized Stafford
Loan | Loan:
must be repaid | The borrower is responsible
for interest during the life of
the loan | $2,625 to
$18,500,
depending on grade
level | Same as above |
| PLUS Loan | Loan:
must be repaid | Available to parents of dependent
undergraduate students | Cost of
attendance
minus any other financial
aid received | Same as above |
