Federal Student Aid*

Academic Competitiveness Grants (ACG) and National Science and Mathematics Access to Retain Talent (SMART) Grants

• Performance-based grants awarded through participating postsecondary institutions to students with financial need
• Must be a US citizen
• Full-time enrollment
• Eligible to receive a Federal Pell Grant
• Awards $750-$4,000 year

Federal Family Education Loan (FFEL) Program

• Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
• Unsubsidized Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
• Federal PLUS: Individuals who are parents of dependent undergraduate students accepted for enrollment at least half-time in participating schools. Beginning July 1, 2006, graduate and professional students are also eligible.
• Federal Consolidation: Individuals who have outstanding student loans and are in a grace period or repayment status or those who have defaulted but have made satisfactory arrangements to repay their loan(s).

Award amounts vary upon need, cost, and year in undergraduate program

Federal Pell Grant Program

• Direct grants awarded through participating institutions to students with financial need who have not received their first bachelor’s degree or who are enrolled in certain postbaccalaureate programs that lead to teacher certification or licensure.
• Awards $400–$4,731 per year

Federal Perkins Loan Program

• Individuals and Institutions of Higher Education (IHEs) may apply for an allocation of funds to be awarded to undergraduate, vocational, or graduate students enrolled or accepted for enrollment at participating schools.
• Awards Up to $4,000 per year for undergraduates; up to $6,000 per year for graduate students.

Federal Supplemental Educational Opportunity Grant (FSEOG) Program

• Undergraduate students enrolled or accepted for enrollment in participating schools
• Awards $100-4,000 per year

Federal Work-Study (FWS) Program

• Postsecondary and Vocational Schools at the undergraduate and graduate levels
• Average Award $1,478 per year

Leveraging Educational Assistance Partnership (LEAP) Program

• The LEAP Program provides grants to states to assist them in providing need-based grants and community service work-study assistance to eligible postsecondary students.
• Awards $100-5,000 per year

Special Leveraging Educational Assistance Partnership (SLEAP) Program

• The SLEAP Program assists states in providing grants, scholarships, and community service work-study assistance to eligible postsecondary education students who demonstrate financial need.
• Average Award $1,000 per year

Teacher Education Assistance for College and Higher Education (TEACH) Grants

• The TEACH Grant Program provides annual nonneed-based grants of up to $4,000 to eligible undergraduate and graduate students who agree to serve as a full-time mathematics, science, foreign language, bilingual education, special education, or reading teachers, or teach in another high-need field, at a highneed school for not less than four years within eight years of graduation. For students who fail to fulfill this service requirement, grants are converted to Direct Unsubsidized Stafford Loans, with interest accrued from the date the grants were awarded.

William D. Ford Federal Direct Loan Program

• Direct Subsidized Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
• Direct Unsubsidized Stafford: Individuals who are undergraduate, vocational, or graduate students accepted for enrollment at least half-time in participating schools.
• Direct PLUS: Individuals who are parents of dependent students accepted for enrollment at least half-time in participating schools. Beginning July 1, 2006, graduate students are also eligible.
• Direct Consolidation: Individuals who have outstanding student loans or those who have defaulted but have made satisfactory arrangements to repay the loan(s) (or who agree to pay under the income contingent repayment plan).

* Information obtained from (http://www.fafsa.ed.gov)
Federal Student Aid Information Center Toll-free 1-800-4FED-AID or 1-800-433-3243