Financial Aid

Financial Aid

Resources

FEDERAL PELL GRANT

Grants are financial aid awards that do not require repayment. Grants are available to eligible students and are usually based upon financial need.

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DIRECT PLUS LOANS

Direct PLUS loans must be repaid with interest. Parents of dependent undergraduate students may apply for Direct PLUS loans up to the total cost of attendance, minus any other financial aid the student receives. The borrower is responsible for all interest. Student must be enrolled at least half­time; financial need is not required. Current interest rate is 6.84%. Visit StudentAid.gov/interest for latest information on interest rates.

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DIRECT SUBSIDIZED LOAN

Direct subsidized loans must be repaid with interest. The U.S. Department of Education pays interest while borrower is in school and during grace and deferment periods. Student must be enrolled at least half­time and have financial need. Current interest rate is 4.29%. Visit StudentAid.gov/interest for latest information on interest rates.

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DIRECT SUBSIDIZED LOAN

Direct unsubsidized loans must be repaid with interest. The borrower is responsible for all interest. Student must be enrolled at least half­time; financial need is not required. Current interest rate is 4.29%. Visit StudentAid.gov/interest for latest information on interest rates.

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