PROGRAM

DESCRIPTION

AWARD AMOUNT

Pell Grant

Available only to undergraduates

XXXXXXX

Supplemental Educational Opportunity Grants (SEOG)

Available only to undergraduate students who are eligible for Pell Grants

XXXXXXX

Federal Work Study Program

Available to graduate students.  Program has a limited amount of funding per college. Eligible students receive wages based upon hours worked.

Varies, based upon unmet-need

Stafford Loan – Subsidized

Available to graduate students based upon financial need. * Must be enrolled at least halftime.  The Federal government pays interest while the student is in school, during the six-month grace period and deferment periods.  There are annual and aggregate maximum limits.  The interest rate is variable, but does not exceed 8.25 percent.

Annual limit each academic year: 

           $8,500

Aggregate Subsidized limit:

            $65,000 

 (This debt limit includes all subsidized loans received for undergraduate study).

Stafford Loan- Unsubsidized

Available to graduate students, not based upon financial need.  *Must be enrolled at least halftime.  Interest is charged from the day the loan is disbursed until it’s paid in full, including in-school, grace period and deferment periods.    There are annual and aggregate maximum limits.  The interest rate is variable, but does not exceed 8.25percent.

Annual limit each academic year: 

           $10,000

            (up to $18,500)

Aggregate Unsubsidized limit:

            $138,500 

 (This debt limit includes all subsidized loans received for undergraduate study).

Virginia Tuition Assistance Grant Program (VTAG)

Available to full-time graduate students for a maximum of three years, or the number of years of the individual degree program, whichever is shorter.  Full-time means a student who is enrolled for at least nine credit hours per semester. 

Current Annual Award:

$1,900