🎓 💸 Every student who meets certain eligibility requirements can get some type of federal student aid. Below you will find the various types of financial aid for a typical college student.
1️⃣ Federal Grants: For undergraduates with financial need who have not earned a bachelor’s or professional degree. For details and updates, visit ➡️ StudentAid.gov/pell-grant.
2️⃣ Federal Work-Study: Money is earned through a job and doesn’t have to be repaid. Your total work-study award depends on check when you apply, check your level of financial need, and check your school’s funding level.
3️⃣ Federal Student Loans: These are loans that accumulate interest; they must be repaid.
✳️ Direct Subsidized Loan For undergraduate students who have financial need. A student must be enrolled at least half-time.
✳️ Direct Unsubsidized Loan For undergraduate and graduate or professional students. A student must be enrolled at least half-time. Financial need is not required.
✳️ Direct PLUS Loans For parents of dependent undergraduate students and for graduate or professional students. A student must be enrolled at least half-time. Financial need is not required.
Click to learn more about Direct Subsidized and Unsubsidized Loans: ➡️ StudentAid.gov/sub-unsub
Click to learn more about Direct PLUS Loans: ➡️ StudentAid.gov/plus