Financial aid applications should be made prior to April 15 to receive maximum funding. Federal Aid Programs Federal Pell Grants are awarded to undergraduate students working toward their first Bachelor's Degree. The Federal Supplemental Educational Opportunity Grant is awarded to students with highest need who are Pell Grant eligible. Students who apply for awards prior to April 15 and are eligible for a Federal Pell Grant will be given priority in awarding this grant. Loans are made by a participating lender, insured by a guaranty agency and reinsured by the federal government.
Interest is paid by the federal government as long as the student is in school.
Applications are available in the Financial Aid Office. A Federal Unsubsidized Stafford Loan is the same as a subsidized loan except financial need is not a consideration. The government does not pay the interest which begins to accrue at the time of disbursement. Applications are available in the Financial Aid Office. The loan amount is based on the cost of education minus any financial aid the student is awarded.