A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
Federal Supplemental Education Opportunity Grant (FSEOG)
The Federal Supplemental Education Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.
Federal Work Study Program
Federal Work-Study provides part-time jobs for undergraduate student with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to recipient’s course of study. Unlike other financial aid awards, work study earnings do not automatically reduce tuition charges. Work Study students must work to earn the amount of their award each term.
State grants are based on financial need and may be offered to eligible students from their state of legal residence. Students should complete the FAFSA and follow any additional application requirements from their home state. Students should also be aware of any deadlines that are imposed by their home state.