Types of Aid: Federal Student Aid Programs
MyStudentDownload is a new feature on the National Student Loan Data System (NSLDS) website that will allow students to download their loan, grant, enrollment, and overpayment information. This information will be downloaded in a readable, plain text file for viewing, printing and saving. Other online tools, mobile apps and resources will be coming soon for students to upload their data and receive customized information relating to their educational goals. For more information or questions, please contact the Federal Student Aid Information Center at (800) 433-3243.
Once your application is complete, the Financial Aid Office will coordinate your financial aid package which may include a combination of grants and/or self-help (loans and employment). The following is a list of federal student aid sources:
Federal Pell Grant Program ( website )
Effective the 2012-2013 school year and beyond , a student may receive a Pell Grant to the equivalent of six years. For information on how we calculate the "equivalent of six years" click on the following link: www.studentaid.ed.gov/pell-limit .
This is for undergraduate students seeking a first baccalaureate degree. The U.S. Department of Education determines award eligibility. Application deadline is June 30th of each year.
IMPORTANT NOTE: If a student who has been awarded a PELL grant adds a class after the drop/add deadline, the PELL grant award will NOT increase due to late enrollment. The student will be awarded for the number of credits enrolled at the end of the drop/add period.
|TITLE IV PELL GRANT & ARCHITECTURE 5000-LEVEL COURSES (ONLY)|
|The FAU School of Architecture (College of Architecture, Urban and Public Affairs) offers a five-year, first professional Bachelor of Architecture degree. The fifth year, or “Thesis Phase,” includes some required 5000-level courses, which are FAU’s graduate-level courses. While Title IV Pell Grant funds only cover undergraduate courses, the Architecture program is classified as an undergraduate program. Since it includes one more year than the typical Bachelor programs, the 5000-level courses in this context are covered by the Title IV Pell Grant funds. Please refer to Degree requirements by clicking on the link provided: http://www.fau.edu/divdept/caupa/arch/barch/degree.html.|
Federal Supplemental Educational Opportunity Grant Program (FSEOG) ( FSEOG website )
This is for first baccalaureate degree students enrolled at least half-time who demonstrate exceptional financial need. Funds are limited and awards are made based on the priority consideration deadline.
Federal Perkins Loan Program ( website )
This is for undergraduate and graduate students enrolled at least half-time. Repayment of principal and 5% interest begins six months after the student graduates, withdraws, or drops below half-time enrollment. Funds are limited and awards are made based on the priority consideration deadline.
Total and Permanent Disability Discharge
Federal Direct Loans ( website )
These are available to undergraduate and graduate students who enroll at least half-time. Subsidized Federal Direct Loans are awarded to undergraduate students demonstrating financial need. Students are not responsible for interest accrued on Subsidized Direct Loans while in school. Unsubsidized Federal Direct Loans are awarded to students who do not qualify for the Subsidized Direct Loan or do qualify and are still in need of additional funding. Students are responsible for interest accrued on Unsubsidized Direct Loans while in school. Annual Direct Loan borrowing limits for dependent undergraduate students are $5,500 for freshmen, $6,500 for sophomores, and $7,500 for undergraduate students beyond Sophomore standing. Independent undergraduate students may borrow additional unsubsidized loans beyond the above stated limits (additional amount depends on academic standing). Graduate students may borrow up to $20,500 per year in Unsubsidized Direct Loans. Repayment of principal and accrued interest begins six months after the student graduates, withdraws, or drops below half time enrollment.
Seniors in their Final Semester : When an undergraduate borrower’s remaining period of study is shorter than a full academic year, the Direct Loan must be prorated based on enrollment. Failure to notify the Student Financial Aid Office prior to the beginning of your final semester may result in immediate repayment of a portion of your Direct Loan. Students who owe a balance to FAU will not receive their diplomas.
Total and Permanent Disability Discharge
Federal Direct PLUS Loan ( website )
The Federal Direct PLUS Loan is a low interest loan available to assist the parents of dependent students admitted and enrolled in an undergraduate degree program or graduate students admitted and enrolled in an graduate degree program. To be eligible for the Direct PLUS Loan, the parent borrower or the graduate student borrower should have no adverse credit history. Maximum eligibility is equal to cost of education minus other aid. Repayment of principal and interest begins within 60 days after the loan is fully disbursed. The borrowers may be eligible to defer repayment until student graduates or ceases to be enrolled at least half-time. In order to receive a Direct PLUS Loan, students must first file a Free Application for Federal Student Aid (FAFSA) .
Federal Work Study Program ( FWSP website )
This program awards up to 20 work hours per week for undergraduate and graduate students. Pay checks are disbursed biweekly to the Department in which the student is employed. Funds are limited and awards are made based on the priority consideration deadline. Community Service positions are also available in the America Reads and America Counts Programs. All Work Study recipients must check in with the Student Employment Office for initial placement or before returning to a previously assigned Department ( NOTE : For more student employment information, please click here).
Iraq and Afghanistan Service Grant (IASG)
This grant is available to eligible students whose parents or guardians died as a result of a U.S. military service in Iraq or Afghanistan after September 11, 2001 and who are not eligible for the Pell Grant. If your parent(s) or guardian(s) died as a result of U.S. miliary service in Iraq or Afghanistan after September 11, 2001 and you are eligbile for the Pell Grant, you may qualify for an increase. Students must:
- complete the FAFSA
- have been 23 years of age or younger when the parent or guardian died, or must have been enrolled at an institution of higher education at the time of the parent or guardian's death, if over the age of 23
- meet all Title IV student eligibility requirements
Applicants with an Estimated Family Contribution (EFC) that is not Pell-eligible, are eligible to receive an award under the IASG program. The amount of the IASG award is the same as the maximum Pell Grant for the award year, adjusted for the student’s enrollment status and cost of attendance. All other federal student aid will be awarded based on the student’s calculated EFC.