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How much is the Pell grant?

This grant is funded by the federal government, and eligibility is determined by the U.S. Department of Education. The maximum grant is $6095 depending upon the Expected Family Contribution (EF C) and number of credit hours for which you are enrolled.

What is a SAR grant?

The Federal Pell Grant is limited to students who have not received a baccalaureate degree. A SAR (Student Aid Report) is sent to the student by the Federal Pell Grant Processor. An award notification is issued to eligible students by the District's Financial Aid Office.

What is a subsidized loan?

A subsidized loan is awarded on the basis of financial need. You will not be charged any interest during authorized periods of deferment. The federal government “subsidizes” the interest during these periods. An unsubsidized loan is not awarded on the basis of need.

What are the different types of financial aid?

Students who receive financial aid may be awarded a combination, or package, of these four types of financial aid: Grants: financial aid that does not have to be repaid. Generally, grants are for undergraduate students, and the grant amount is based on need, ...

What is a loan in college?

Loans: borrowed funds that must be repaid with interest. Both undergraduate and graduate students may borrow money. Maximum loan amounts depend on the student's year in school. Work-Study: funds earned by students working part-time (average 10-15 hours per week) for eligible employers.

What is the difference between a grant and a loan?

Loans: borrowed funds that must be repaid with interest. Both undergraduate and graduate students may borrow money.