The amount a student could receive depends on the student's need and the availability of funds at the college. The deadline for application is set by each financial aid office. Eligibility for the grant is determined by the college's financial aid administrator. Eligible students are notified by the college's financial aid award letter. Available to undergraduate and graduate students with financial need.
Compensation is at least the current minimum wage and is paid by the college.
Eligible students and the financial aid office work together to locate available jobs. The deadline for application is set by each financial aid office Federal Perkins Loan Need-based loan which must be repaid to the school. Available to undergraduate and graduate students with financial need. Repayment begins nine months after the student graduates or drops below half-time enrollment status. The main difference is the source of the funds.