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Student Aid Reference Sheet

Direct Subsidized and Unsubsidized Loans

Interest Rate
  • Direct Subsidized Loans: For loans first disbursed on or after 7/1/19 and before 7/1/20, the interest rate is 4.53%
  • Direct Unsubsidized Loans: For loans first disbursed on or after 7/1/19 and before 7/1/20, the interest rate is 4.53% for undergraduate students and 6.08% for graduate and professional students
  • For Direct Subsidized and Unsubsidized Loans first disbursed on or after 10/1/18 and before 10/1/19, the sequester-required loan fee is 1.062%; for those first disbursed on or after 10/1/19 and before 10/1/20, the loan fee is 1.059%
Annual Subsidized Limits
  • 1st-year undergraduates = $3,500
  • 2nd-year undergraduates = $4,500
  • Remaining undergraduate years = $5,500
  • Preparatory coursework needed to enroll as undergraduate = $2,625
  • Preparatory coursework needed to enroll in graduate/professional program if student has a baccalaureate = $5,500
  • Teacher certification if student has a baccalaureate = $5,500
Annual Unsubsidized Limits
  • Dependent undergraduates whose parents can borrow PLUS = $2,000
  • 1st- and 2nd-year undergraduate dependent students whose parents cannot borrow PLUS and independent students = $6,000
  • Remaining undergraduate years for dependent students whose parents cannot borrow PLUS and independent students =$7,000
  • Preparatory coursework needed to enroll as undergraduate = $6,000
  • Preparatory coursework needed to enroll in graduate/professional program if student has a baccalaureate = $7,000
  • Teacher certification if student has a baccalaureate = $7,000
  • Graduate/professional students = $20,500
  • Certain health professional students = $20,000 for a nine-month academic year or $26,667 for a 12-month academic year
Aggregate Limits
  • Undergraduate
    • Dependent students = $31,000 (up to $23,000 may be subsidized)
    • Independent students and dependent students whose parents cannot borrow PLUS = $57,500 (up to $23,000 may be subsidized)
  • Graduate students
    • Subsidized = $65,500 (includes undergraduate borrowing)
    • Unsubsidized = $138,500 (included undergraduate borrowing); certain health professions students may borrow up to $224,000 (included undergraduate borrowing)

Federal Pell Grants

  • Annual Minimum Award = $657
  • Annual Maximum Award = $6,195

Iraq and Afghanistan Service Grants

  • Annual Maximum Award = $6,095
  • For awards first disbursed on or after 10/1/18 and before 10/1/19, the adjusted scheduled award is $5,810.91 based on the sequestration reduction percent of 6.2%
  • For awards first disbursed on or after 10/1/19 and before 10/1/20, the adjusted award is $5,829.50 based on a 5.9% reduction

PLUS Loans

Annual Limit
  • Maximum award is cost of attendance minus other financial aid received
Interest Rate
  • For loans first disbursed on or after 7/1/19 and before 7/1/20, the interest rate is 7.08%
  • For Direct PLUS Loans first disbursed on or after 10/1/18 and before 10/1/19, the sequester-required loan fee is 4.248%
  • For PLUS loans first disbursed on or after 10/1/19 and before 10/1/20, the loan fee is 4.236%

Teacher Education Assistance for College and Higher Education (TEACH) Grants

Annual Limit
  • All full-time students = $4,000
  • For awards first disbursed on or after 10/1/1 and before 10/1/19, the adjusted maximum award amount is $3,752 (6.2% sequestration reduction)
  • For awards first disbursed on or after 10/1/19 and before 10/1/20, the adjusted maximum award amount is $3,764 (5.9% sequestration reduction)
Aggregate Maximums
  • Undergraduate = $16,000
  • Graduate = $8,000
Eligibility Requirements
  • 3.25 GPA or qualifying score on single battery of any nationally-normed standardized admissions tes
  • Agree to teach full-time at least 4 years at a school with a high percentage of low-income students within 8 years of graduation
  • Agree to teach a specific subject

Federal Supplemental Educational Opportunity Grants (FSEOG)

  • Annual Minimum Award: $100
  • Annual Maximum Award: $4,000
  • Aggregate Limit: None
  • Study Abroad: $4,400 annually for students in approved programs

Federal Work-Study (FWS)

  • Annual Minimum Award: Amount set by school policy
  • Annual Maximum Award: Amount set by school policy
  • Aggregate Limit: None