To qualify, a student must be eligible for a Pell Grant and be a resident of Hawai'i for tuition purposes. This program is a combination of federal and state funds used to finance the employment of needy students who are enrolled at least half-time. Federal Work Study jobs are intended to give eligible students employment experience related to their educational goals and to encourage participation in community service activities. Federal Perkins Loan Program Awards are based on demonstrated financial need and availability of funds. Repayment begins nine months after the borrower ceases to be enrolled on at least a half-time basis.
Deferments are available.
These loans are from private lenders such as banks and credit unions and are guaranteed by the federal government. A Federal Stafford loan is made through a bank or lending institution and guaranteed by a state agency. Annual loan limits differ depending on a student's academic level and existing Stafford loan balance. Repayment begins six months after the borrower ceases to be enrolled on at least a half-time basis. Deferments are available.