What is in my financial aid package?


Your financial aid package is likely to include funds from the Federal Student Aid (FSA) programs. Note that not all colleges participate in all FSA programs. These FSA programs, described below, are administered by Federal Student Aid and provide over $150 billion a year to students attending post secondary schools:

      1. Federal Supplemental Educational Opportunity Grants are grants available for undergraduates only; awards range from $100-$4,000.
      2. Federal Work-study provides jobs to undergraduate and graduate students, allowing them to earn money to pay education expenses.
      3. Perkins Loans are low-interest (5 percent) loans that must be repaid; the maximum annual loan amount is $4,000 for undergraduate students.

For more information about federal student aid, you can explore the Federal Student Aid Web site at StudentAid.gov.

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