Federal Pell Grant

• Gift Aid: does not have to be repaid; based on need; determined by FAFSA
  
• Award limits for the 08/09 academic year: $400-$4,731
  
• Available only to undergraduates who have not earned a bachelor’s degree
  
• Awarded fall, spring and/or summer (if eligibility permits)
  

Federal Supplemental Educational Opportunity Grant

• Gift Aid: does not have to be repaid; based on exceptional need
  
• Must be eligible for the Federal Pell Grant
  
• Available only to undergraduates who have not earned a bachelor’s degree
  
• Funding is limited; must meet April 15th FAFSA application deadline date
  
• Award limits for the 08/09 academic year: $200-$1,200
  
• Awarded fall and spring
  

University of the District of Columbia Institutional Grant

• Gift Aid: does not have to be repaid; based on need
  
• Must be eligible for the Federal Pell Grant
  
• Available only to undergraduates who have not earned a bachelor’s degree
  
• Funding is limited; must meet April 15th FAFSA application deadline date
  
• Award limits for the 08/09 academic year: $100-$1,000
  
• Awarded fall and spring
  

Academic Competitiveness Grant (ACG)

• Gift Aid: does not have to be repaid
  
• Must be eligible for the Federal Pell Grant
  
• Must be U.S. Citizen
  
• Enrolled full-time; must be in first or second year study
  
• First year students must have completed rigorous high school program of study:
  • graduated from high school after January 1, 2006
    
  • not previously enrolled in an undergraduate program
• Second year students must have completed rigorous high school program of study:
  • graduated from high school after January 1, 2005
    
  • have at least a 3.0 cumulative GPA at end of first year of post secondary study
• Award limits for the 08/09 academic year: up to $750 (first year) up to $1,300 second year
  
• Awarded fall and spring
  

National Science and Mathematics Access to Retain Talent Grant (SMART Grant)

• Gift Aid: does not have to be repaid
  
• Must be eligible for the Federal Pell Grant
  
• Must be U.S. Citizen
  
• Enrolled full-time in third or fourth undergraduate year of study
  
• Majoring in: Physical life or computer sciences, engineering, technology, mathematics, or a critical need foreign language
  
• At least a 3.0 cumulative GPA
  
• Award limits for the 08/09 academic year: up to $4,000
  

Leveraging Educational Assistance Partnership (LEAP)

• Gift Aid: does not have to be repaid
  
• Funds offered to residents of the District of Columbia only
  
• DC Leveraging Educational Assistance Partnership (LEAP) and DC Adult Scholarship are based on need
  
• May be awarded up to $5,000
  
• Must apply online at www.osse.dc.gov and submit all supporting documents by June 30th deadline date to the DC Office of the State Superintendent of Education
  

Federal Work-Study Program (FWS)

• On and off campus employment
  
• Paid bi-weekly for hours actually worked
  
• Students may earn $1,300-$4,000 per academic year
  
• Awarded to graduate and undergraduate students
  
• Funding is limited

*An alternative to FWS may be the Student Employment Program (SEP) for those not awarded FWS or who do not meet FWS requirements. You may inquire with the Office of Career Development on (202) 274-6000 or online at: http://www.udc.edu/student_life/sep.htm

Federal Perkins Loan

• Loan: must be repaid
  
• Awarded to undergraduate and graduate students
  
• Interest rate: 5%
  
• Award limits for the 08/09 academic year is $200-$3,000
  
• Awarded fall and spring
  

Subsidized Federal Stafford Loan

• Loan: must be repaid
  
• Must have financial need
  
• Must be enrolled at least half-time
  
• U.S. Dept. of Education pays interest while borrower is enrolled on at least a half-time basis
  
• Fixed interest rate of 6%
  
• Loan amounts $3,500-$8,500 (depending on grade level)
  
• Awarded fall, spring and/or summer (if eligibility permits)
  

Unsubsidized Federal Stafford Loan

• Loan: must be repaid
  
• Must be enrolled at least half-time
  
• Borrower is responsible for interest during the life of the loan
  
• Fixed interest rate of 6.8%
  
• Loan amounts $3,500-$20,500 (depending on grade level and dependency status)
  
• Awarded fall, spring and/or summer (if eligibility permits)
  

Federal PLUS Loan

• Loan: must be repaid
  
• Based on creditworthiness
  
• Parents may borrow for their dependent undergraduate student
  
• Graduate students may borrow
  
• Must be enrolled at least half-time
  
• Loan is unsubsidized; borrower is responsible for interest during the life of the loan
  
• Maximum amount you may borrow is the cost of attendance minus any financial aid the student receives
  
• Interest rate: 7.9%
  
• Awarded fall, spring and/or summer