FEDERAL FINANCIAL AID
FEDERAL GRANTS( money that doesn’ t have to be paid back)
FEDERAL PELL GRANTS Up to $ 7,395 for the 2024- 2025 award year For undergraduates with financial need who have not earned a Bachelor’ s degree or professional degree.
StudentAid. gov / pell-grant
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT( FSEOG) Up to $ 4,000 for the 2024- 2025 award year.
• For undergraduates with exceptional financial need.
• Federal Pell Grant recipients take priority.
• Funds depend on availability at school.
StudentAid. gov / fseog
IRAQ AND AFGHANISTAN SERVICE GRANT Up to $ 7,395 for the 2024- 2025 award year. For undergraduate students who are not Pell-eligible, and the parent or guardian must have died as a result of military service in Iraq or Afghanistan after the events of 9 / 11.
StudentAid. gov / Iraqafghanistan
FEDERAL WORK-STUDY
( money is earned through a job and doesn’ t have to be repaid)
Your total work-study award depends on:
• When you apply
• Your level of financial need
• Your school’ s funding
easternflorida. edu / go / workstudy
FEDERAL STUDENT LOANS
( these are loans, and must be repaid with interest)
DIRECT SUBSIDIZED LOAN DIRECT UNSUBSIDIZED LOAN DIRECT PLUS LOAN
WHO IS IT FOR? |
For undergraduate students who have demonstrated financial need and are enrolled at least half-time. |
For undergraduate students enrolled at least half-time. There is no need to demonstrate financial need. |
For parents of dependent undergraduate students who are enrolled at least half-time. There is no need to demonstrate financial need. |
ANNUAL AWARD AMOUNT? |
Up to $ 5,500, depending on grade level and dependency status. |
Up to $ 7,500 for dependent students and $ 12,500 for independent students( less any subsidized amounts received for the same period), depending on grade level and dependency status. |
The maximum PLUS loan amount borrowed is the cost of attendance at the school your student will attend minus any other financial assistance your child receives. The cost of attendance is determined by the school. |
INTEREST RATE? |
Rates can change every year and are fixed at 6.53 % for loans first disbursed on or after July 1, 2024, and before July 1, 2025. |
Rates can change every year and are fixed at 8.08 % for loans first disbursed on or after July 1, 2024, and before July 1, 2025. |
Rates can change every year and are fixed at 9.08 % for loans first disbursed on or after July 1, 2024, and before July 1, 2025. |
For more information, contact EFSC Financial Aid at easternflorida. edu / financial-aid / finaid @ easternflorida. edu • 321-433-7339
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