Schedule A MEETING

Loans and Grants

Pell Grants

The Pell Grant is a federal subsidy for undergraduate students who have not earned a bachelor's degree. It is awarded based on financial need, determined through the Free Application for Federal Student Aid (FAFSA). This grant does not require repayment, making it an essential resource for eligible students seeking financial support for their education.

Federal Direct Stafford Loan This loan program allows students to borrow directly from the U.S. Department of Education. Loan amounts are calculated based on the educational costs minus the Expected Family Contribution (EFC) and, in some cases, minus other financial aid expected during the loan period. Loan limits vary depending on dependency status and year in school. For instance, dependent first-year students can borrow up to $5,500 annually, while independent second-year students can borrow up to $10,500.

Federal Direct Parent Loan (PLUS) The Federal Direct PLUS loan is available to parents of dependent students, helping cover educational expenses not met by other financial aid. Parents with good credit histories can borrow from the U.S. Department of Education for each child enrolled at least half-time. These loans, which do not require demonstration of financial need, must undergo a credit check. Repayment starts within 60 days after disbursement, although deferments are available under specific conditions. The maximum loan amount cannot exceed the estimated cost of attendance minus any other financial aid received. Applications for the PLUS loan can be made at