Federal Aid

Pell Grant
This is a federal grant for students who show financial need. Pell grants range from $598 – $5815 for the 2016-2017 school year at full time. You do not necessarily have to be enrolled full time to receive a Pell grant. Pell grants are adjusted depending on the amount of units taken up to 12 units.

FSEOG
The Federal Supplemental Education Opportunity grant is available for those who have an EFC of zero. Each student will receive a minimum of $100 in the award year. FSEOG funds are reasonably available to all who qualify throughout the year award. Funds are limited and subject to change.

Federal Direct Subsidized Loan
Subsidized Stafford loans are based on financial aid need. Interest is paid by the federal government (subsidized) while the student is enrolled at least half time. Payment of both interest and principal begins 6 months after the student graduates, or drops below half time. The annual interest rate is a fixed 3.76% for loans disbursed before on or after July 1, 2016 and prior to July 1, 2017. Students applying for a student loan are required to complete a Master Promissory Note (MPN) and an Entrance Counseling at www.studentloans.gov. Additional information and instruction will be sent with the Award Letter.

Federal Direct Unsubsidized Loan
A loan available to students who do not qualify, in whole or in part, for a Subsidized Stafford Loan. The student is responsible for the interest while enrolled. Repayment may be deferred until 6 months after the student graduates or drops below half-time enrollment. Interest accrues during the time the student is enrolled. The annual interest rate is a fixed 3.76% for loans on or after July 1, 2016 and prior to July 1, 2017. Students may also need to complete a Master Promissory Note (MPN) and an Entrance Counseling to apply for the loan. Additional information will be sent with the Award Letter.

Graduate students may also receive unsubsidized loans.  Eligible graduate students may borrow up to $20,500.  The annual interest rate is a fixed 5.31% for loans on or after July 1, 2016 and prior to July 1, 2017.  Graduate students are required to complete a Master Promissory Note (MPN) and an Entrance Counseling.  Additional information and instruction will be sent with the Award Letter. 

Federal Direct Parent Loan (PLUS)
Available to parents and graduate students to cover educational expenses. May borrow up to the cost of attendance minus financial aid. Interest rate is variable of 6.31% for the 2016 – 2017 school year. Interest and repayment begin while student is enrolled. The FAFSA is required to apply for the loan and eligibility is based upon the credit of the parent.

Stafford Loan Limits

Dependent Students
(Parents can borrow PLUS)
Base Subsidized
(All Students)
Additional Unsubsidized Total
Freshman (1-49 units) $3500 $2000 $5500
Sophmore (50-99 units) $4500 $2000 $6500
Junior and Senior (100-200 units) $5500 $2000 $7500
Dep. and Independent Students
(Parents cannot borrow PLUS)
Base Subsidized
(All Students)
Additional Unsubsidized Total
Freshman (1-49 units) $3500 $6000 $9500
Sophmore (50-99 units) $4500 $6000 $10,500
Junior and Senior (100-200 units) $5500 $7000 $12,500

Maximum Aggregate Borrowing Limits

Dependency Status Maximum Subsidized
$31,500 Dependent Undergraduate $23000
$57,500 Independent Undergraduate $23000

Graduate Borrowing Limits

  • Annual $20,500
  • Aggregate Limit: $138.500
  • Subsidized: $65,500*
  • Unsubsidized: $73,000

* includes subsidized loans received for loan periods beginning before July 1, 2012 and prior subsidized loans received for undergrad.

 

Federal Work Study
This program offers students an opportunity to earn wages to help meet the cost of education. Many jobs are located on campus. Students who wish to work on campus under this program are responsible to seek employment and may contact the Registrar’s office for a list of available positions. The amount a student may earn will be determined by financial aid need and the actual hours and wage of the Federal Work Study position. A FAFSA must be submitted along with a Federal Work Study Application, which is available in the Financial Aid Office.