Title IV Program |
Type of Aid |
Other Specific Facts |
Grant/Loan Limits |
Disbursements |
| Federal Pell Grant |
Grant: does not have to be repaid |
Available to
undergraduates only |
Up to $3,300 for
2000-2001 |
School acts as the
Department of
Education's (ED) agent |
|
Campus-Based Aid Programs |
| FSEOG |
Grant: does not have to be repaid |
Not all schools
participate in all
Campus-Based
Programs. For
undergraduates only |
Up to $4,000 |
School disburses funds to students |
| Federal Work-Study |
Money is earned, does not have to be repaid |
Not all schools participate in all
Campus-Based Programs. For undergraduates only |
No annual maximum |
Schools disburses earned funds to students
|
| Federal Perkins Loan |
Loan: must be repaid |
Not all schools participate in Campus-Based Programs |
$4,000 for
undergraduate students$6,000 for graduate students. |
School disburses funds
to students |
|
Federal Family Education Loan (FFEL) Program and Direct Loan Program |
| Subsidized Loans |
Loan: must be repaid |
Subsidized: ED pays interest while the student is in school and during grace and deferment periods |
$2,625 to $18,000,
depending on grade
level |
Direct Loans: ED
disburses funds directly to students
FFEL: ED
provides funds to
schools to disburse to
students |
| Unsubsidized Loans |
Loan: must be repaid |
Unsubsidized: the for interest during the life of the loan |
$2,625 to $18,500,
depending on grade
level
|
Same as above |
| PLUS Loan |
Loan: must be repaid |
Available to parents of dependent
undergraduate students
|
Cost of attendance minus any other financial aid received |
Same as above |
