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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 7/1/18 and before 7/1/19, the interest rate is 5.05%

  • Direct Unsubsidized Loans: For loans first disbursed on or after 7/1/18 and before 7/1/19, the interest rate is 5.05% for undergraduate students and 6.60% for graduate and professional students

  • For Direct Subsidized and Unsubsidized Loans first disbursed on or after 10/1/17 and before 10/1/18, the sequester-required loan fee is 1.066%; for those first disbursed on or after 10/1/18 and before 10/1/19, the loan fee is 1.062%

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 = $650

  • Annual Maximum Award = $6,095

 

Iraq and Afghanistan Service Grants

  • Annual Maximum Award = $6,095

  • For Fiscal Year 2018, awards first disbursed on or after 10/1/17 and before 10/1/18, the adjusted scheduled award is

    $5,692.73 based on the sequestration reduction percent of 6.6%

  • For Fiscal Year 2019, awards first disbursed on or after 10/1/18 and before 10/1/19, the adjusted award is $5,717.11 based on a 6.2% reduction

PLUS Loans

Annual Subsidized Limits

  • Maximum award is cost of attendance minus other financial aid received

Interest Rate

  • For loans first disbursed on or after 7/1/18 and before 7/1/19, the interest rate is 7.60%

  • For Direct PLUS Loans first disbursed on or after 10/1/17 and before 10/1/18, the sequester-required loan fee is 4.264%

  • For PLUS loans first disbursed on or after 10/1/18 and before 10/1/19, the loan fee is 4.248%

 

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

Annual Limit

  • All full-time students = $4,000

  • For Fiscal Year 2018, awards first disbursed on or after 10/1/17 and before 10/1/187, the adjusted maximum award amount is $3,736 (6.6% sequestration reduction)

  • For Fiscal Year 2019, awards first disbursed on or after 10/1/18 and before 10/1/19, the adjusted maximum award amount is

    $3,752.00 (6.2% sequestration reduction)

  • Amount is prorated based on less-than-full-time enrollment

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 test

  • 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 = $4000

  • Aggregate Limit = None

 

Study Abroad

 

  • $4,400 annually for students in approved programs

 

Federal Work-Study (FWS)

 

  • Annual Minimum Award - Set by college policy

  • Annual Maximum - Set by college policy

  • Aggregate Limit - None

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