| Type of aid: |
Loan – must be repaid |
| Award amounts: |
Up to $3,500 for freshmen
Up to $4,500 for sophomores
Up to $5,500 for juniors, seniors, and continued undergraduate-level study
Up to $8,500 for graduate students
A loan fee of 1% is charged. |
| Application process: |
Must have completed a Direct Loan Master Promissory Note (MPN), Direct Loan Entrance Interview, FAFSA, and all associated paperwork to complete your financial aid file. Apply for a Federal Direct Loan here. |
| Eligibility requirements: |
Must show remaining financial need after other aid |
| Repayment: |
Begins six months after last date of half-time enrollment. Interest for most undergraduate students is fixed at 3.4% for 2012-2013. |
| Renewal requirements: |
Eligibility is evaluated annually |
| EFC eligibility range: |
Open |
| Enrollment requirements: |
Half-time or more enrollment is required to obtain any of these funds |
| Grade-level eligibility: |
All degree-seeking students |
| Costs this aid can cover: |
Any educationally related expense |