Eligibility for federal aid
   You must:
                  -Demonstrate "financial need" as determined by FAFSA.
                  -Have a high school diploma, GED, or ability to benefit from a
                   program/training.
                  -Be a US citizen or eligible non-citizen.
                  -Be enrolled at least half-time to obtain a degree or certificate in an
                   eligible institution.
                  -Have satisfactory academic progress.
                  -Have no current federal educational defaults.
                  -Be registered with Selective Service (if required).

Forms of Federal Aid
 
   Grants
 
        A.  Federal Pell Grants-This is a federally funded program that provides
              nonrefundable grants to students based on financial need and total cost of
              attendance at their school.  The award ranges from $200 to $2,740 and
              it's eligibility is based on a Federal formula.  You must submit the
              FAFSA to be eligible.

        B.  Federal Supplemental Educational Opportunity Grants (FSEOG)-
             This is for undergraduates with exceptional financial need and does not
              need to be paid back.  You can qualify for up to $4,000 a year.

   Loans  (Click for more information)

       A.  Federal Perkins Loans-This is a low interest (5%) loan.  Both
             undergraduate and graduate students are eligible for this loan.  This is a
             loan that must be repaid through your institution.  You may be able to
             receive up to $4,500 if you are enrolled in a vocational program or have
             completed less than 2 years of a bachelor's program.

       B.  Federal Family Educational Loans (FFEL)-These are loans made through
             private lenders such as banks and credit unions.
             -Federal Stafford Loans (Subsidized and Unsubsidized)
             -Federal PLUS Loans (Parent Loans for Undergraduate Students)

       C.  Federal Direct Student Loans (FDSL)-Click for more information.
             Direct loans are made through the federal government directly to the
             student.
             -Federal Direct Stafford Loans (Subsidized and Unsubsidized)
             -Federal Direct PLUS Loans

            **About Stafford Loans-Subsidized means that the federal government
                will pay the interest on the loan from the time it is dispersed, and until
                you pay it off.  Unsubsidized means that the interest will accumulate on
                the loan until you pay it off.  Financial need determines if the loan will
                be subsidized or unsubsidized.

   Federal Work Study (FWS)
 
        This program allows for undergraduate and graduate students who need
        financial aid.  FWS gives you a chance to earn money for educational
        expenses by working for at least the current Federal minimum wage.
 

What is Financial Aid?
How to Apply for Federal Aid
Outside Aid
Repayment
Deferments and Forbearance
Resources and Evaluation

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Questions about this site? mailto:mdiodato@arches.uga.edu or mailto:baderj@arches.uga.edu