Federal
Pell Grant
Award amount from $890 to $4,731 The Federal Pell Grant is money
awarded to eligible students that does not have to be paid back.
Eligibility for the grant is based on 2007 income as well as other
factors. Students who have received a Bachelor's degree before
July 1, 2008, or already have a B.A. / B.S., are ineligible to
receive the Pell Grant. Monies are awarded quarterly and applied
directly to college tuition and fees.
Federal
PLUS Loans
Loan amount is based on remaining need or more as student budget allows. The
PLUS loan (Parent Loan for Undergraduate Students) is available
to eligible parent(s) of dependent students. Both the interest
and principal repayment begin approximately 60 days after the
last disbursement of the loan. The lender will perform a credit
check on the parent(s). If the parent(s) is/are declined for the
PLUS loan, the dependent student may apply for additional direct
loans up to independent student award limits.