Federal Aid
- The Subsidized Federal Stafford Loan is a low-interest need-based loan. The maximum amount available for an academic year is $8,500. Under the Direct Loan Stafford Loan program the interest rate is fixed at 6.8 percent. No interest is charged while you are enrolled at least half-time.
- The Unsubsidized Federal Stafford Loan with assistance up to $12,000 is available to students who do not qualify for subsidized loan support or who wish to supplement the subsidized loan. The same low interest rate is charged on the unsubsidized loan from the time the loan is disbursed. No payment is required until you graduate, withdraw or drop below half-time status.
- Students may borrow up to $20,500 in Stafford Loan support through a combination of subsidized and unsubsidized loans.
- The Direct Loan Grad PLUS program allows students to borrow up to the cost of attendance less other aid received at a fixed interest rate of 7.9 percent. After graduation students may consolidate Grad PLUS with other federal loans. To qualify for a Grad PLUS loan you must file the Free Application for Federal Student Aid (FAFSA) and meet eligibility requirements for receipt of federal aid.
- The Perkins Loan is a low-interest, need-based loan administered by the university. The interest rate is 5 percent. Repayment begins six to nine months after graduation, withdrawal from school or change to less than half-time enrollment. Because funding is limited the FAFSA must be filed by March 1 for consideration.
Employment
- The Federal Work-Study Program is available to students eligible for employment as Deans Fellows or Legal Rhetoric Writing Fellows. The FAFSA must be filed by March 1.