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Scholarship Vocabulary Week 3. Senior Seminar. Federal Stafford Loan.
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Scholarship Vocabulary Week 3 Senior Seminar
Federal Stafford Loan These student financial aid loans are obtained through banks, lending institutions or colleges. To qualify, students must be enrolled in a college degree program at least part-time. The loans may be subsidized (need-based, typically for low-income students), or unsubsidized (not need-based so any student can apply). Students apply by filling out the FAFSA.
FSEOG Federal Supplemental Educational Opportunity Grant. This federal government program provides need-based grants to low-income college students, and is administered through the school’s financial aid office.
Federal Work-Study The Federal Work-Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to each student’s course of study.
Federal Pell Grant Need-based federal grant of up to $5,550. Size and eligibility are determined by financial need. Pell Grants are given only for undergraduate or teacher education programs.
Financial Aid Financial assistance in the form of scholarships, grants, work-study, and loans for education.