| PROGRAM |
AMT PER
YEAR |
APPLICATION |
| GIFT
AID |
| Federal Pell Grant |
$400 - $4050 |
FAFSA |
Description |
| Grant based on financial need
student receives notification of eligibility
with receipt of Student Aid Report(SAR) which
must be submitted to the school for determination
of amount based on cost and credits. |
|
| MN State Gran |
$100 - $7662 |
FAFSA and School Financial Form |
Description |
| Grant based on financial need.
Must be undergraduate student and a
MN. Resident. |
|
| Federal Supplemental Education Opportunity
Grant (SEOG) |
$480 - $1200 |
FAFSA |
Description |
| Grant based on financial need
awarded by the institution. Notification
is made approximately four weeks after start
date. |
| |
| LOANS |
| Federal Stafford Loan (Subsidized and Unsubsidized) |
First year up to $2625
Second year to $3500
Third year to $5500 |
FAFSA, Master Promissory Note, & Online
Entrance Counseling |
Description |
| Long-term, Low interest loan
(variable interest with 8.25% cap, currently
3.42% for July 2003 through June 2004).
Payments deferred until six months after student
leaves school or attends less than half time.
Need based calculation. |
|
| Federal Parent Loan for Undergraduate Students
(PLUS) |
Up to need |
Federal Plus promissory note. FAFSA |
| |
Description |
| Long-term variable interest
rate loan with a 9% cap (currently 4.22% for
July 2003 through June 2004) for parents of
dependent undergraduates. |
|
| Student Educational Loan Fund (SELF) |
Up to $4500 per year. |
FAFSA, SELF application. |
| |
Description |
| Supplemental, variable interest
rate loan, allows deferment of principal while
in school and requires credit-worthy co-signer |
|
| AFG Alternative Loan Program |
Up to tuition/fee/book costs |
AFG application |
| |
Description |
| Supplemental, variable interest
rate with 2 options, allows deferment of principal
while in school at least half-time, allows
use of loans for less than half-time attendance
and does not require a co-signer, if borrower
meets credit requirements |
