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|
Name |
|
Eligibility |
|
Amount |
|
Applying |
|
Interest Rate |
|
Special Notes |
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Federal Pell |
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Based on financial need. Awarded to students pursuing their first undergraduate degrees. |
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Amounts vary according to need. Currently, the maximum is $4,050.00 per year. |
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Apply using the FAFSA. |
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Not applicable. |
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In many cases, this grant provides a foundation of financial aid to which other aid may be added. |
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Federal Supplemental Educational Opportunity |
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Based on financial need. Awarded to students pursuing their first undergraduate degrees. |
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Amounts vary according to need. Currently, the maximum is $1,000.00 per year. |
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Apply using the FAFSA. |
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Not applicable. |
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Based on exceptional financial need, availability of funds, and Federal Pell eligibility. |
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Alabama Student Assistance Program |
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Based on financial need. Awarded to in-state students pursuing their first undergraduate degrees. |
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Amounts vary according to need. Currently, the maximum is $1,000.00 per year. |
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Apply using the FAFSA. |
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Not applicable. |
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Based on exceptional financial need, availability of funds, and Federal Pell eligibility. Due to State Funding, it may not be available. |
| |
Academic Competitiveness Grant |
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Must be a U.S. citizen, a federal Pell Grant recipient, and be enrolled full-time in a degree program |
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An eligible student may receive this grant of up to $750 for the first academic year of study and up to $1300 for the second academic year of study. |
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Apply using the FAFSA |
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Not applicable |
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Must be enrolled in a first or second academic year of the program of study, and haev completed a rigorous secondary school program of study (after January 1, 2006, if a first year student, and after January 1, 2005 if a second-year student. Furthermore, a second-year student must have at least a cumulative 3.0 grade-point average. |
| |
National SMART Grant |
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Must be a U.S. citizen, a federal Pell Grant recipient and be enrolled full-time in a degree program and also must be enrolled in a four year degree-granting institution. |
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An eligible student may receive this grant of up to $4000 for each of the third and fourth academic years of study. |
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Apply using the FAFSA |
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Not applicable |
|
An eligible student may receive this grant for each of the third and fourth academic years of study. Must be majoring in physical, life, or computer science, engineering, mathematics, technology or a critical foreign language and have at least a cumulative 3.0 grade-point average in the course work required for the student's major. |
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Federal Perkins |
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Based on financial need. |
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Amounts vary according to need. |
|
Apply using the FAFSA. |
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5.00% fixed. |
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Repayment of loan does not begin until the student is below half-time enrollment. |
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Federal Subsidized Stafford |
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Based on financial need. Must be enrolled at least half-time. |
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Amounts vary according to need and academic classification. |
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Apply using the FAFSA. |
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Variable, capped at 8.25%. |
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Repayment of loan does not begin until the student is below half-time enrollment. |
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Federal Unsubsidized Stafford |
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Not based on financial need. Must be enrolled at least half-time. |
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Amounts vary according to cost of attendance and academic classification. |
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Apply using the FAFSA. |
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Variable, capped at 8.25%. |
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Interest must be paid while in school or added to the balance of the loan. Repayment of loan does not begin until student is below half-time enrollment. |
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Federal Parent Loan for Undergraduate Students (PLUS) |
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Not based on financial need. Must be a dependent undergraduate enrolled at least half-time. |
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Maximum amount is cost of attendance minus any other aid. |
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Apply using the FAFSA or, when applying for PLUS only, contact Student Financial Aid. |
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Variable, capped at 9.00%. |
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Parent or legan guardian of student is the borrower. Repayment begins within 60 days after the second loan disbursement. |
| |
Federal Graduate Plus Loan |
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Must be enrolled at least half-time. Graduate PLUS loans are federall sponsored loans for students attending graduate school. |
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Maximum amount is cost of attendance minus any other aid. |
|
Apply using the FAFSA |
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8.5% fixed. |
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With a Grad PLUS loan, you may borrow up to the full cost of your education, less other financial aid received including Federal Stafford loans. A credit check is required. |
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 |
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Federal and Community Work-Study |
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Based on financial need. |
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Amounts vary according to financial need. Currently the maximum is $4,000.00 per year. |
|
Apply using the FAFSA. |
|
Not applicable. |
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Provides part-time employment on and off campus. Student is paid on a bi-weekly basis. This program is very limited and based on availability of funds. |
