Federal Pell Grant
The Federal Pell Grant is the main grant program provided by the federal government. It is a need based grant offered to undergraduate students who do not already have a bachelor degree. Application for the Pell Grant is done by filing the FAFSA each year. Grant amounts are based on a financial need formula combined with the student’s enrollment level. If we have a valid ISIR for you, we can receive your Pell Grant funds directly from the federal government. Your account is then credited with these funds before the first day of class each term. The credit is automatic as long as your financial paperwork is complete each year, you remain eligible for aid, and you officially register for classes each term. Please check with Financial Services at your campus for current Pell grant amounts.
As of July 1, 2012, Pell Grants are limited to six years of lifetime eligibility. To confirm your current status, please check your NSLDS information.
Federal SEOG Grant
Funds from this federal program are extremely limited, so it is important to apply as early as possible. Awards are based on financial need and, as with Federal Pell Grants, they are determined from the need analysis of your FAFSA form. Awards are given to students with the lowest EFC according to their FAFSA application. Average awards to eligible full time students are $100 per quarter.
Federal Work Study
Eligibility for this program is based on financial need, as determined by the results of the FAFSA, and funds are limited. Jobs are offered to undergraduate and graduate students. They pay at least the federal or state minimum hourly wage, and sometimes more for skilled or difficult work. The total hours worked is based on how much money you are awarded in this program. Most students work 10 to 20 hours each week. Earnings from the Federal Work-Study Program are not counted as income when a student applies for aid the following year. Jobs can be on campus or off campus in community service and students receive a regular paycheck on schedule with other campus employees.
Direct (Government) Education Loans
Direct (Government) Education Loans fall under the jurisdiction of the William D. Ford Federal Direct Loan Program as part of the U.S. Department of Education’s Direct Loan Program. Federal Direct (government) education loans are low-interest loans intended to help students and parents pay for a college education.
If you think you need to apply for a loan, Direct (government) education loans should be your first source to fund your education. Alternative education loans are to be used to provide additional funding for your education after federal loans are sought. In order for you to understand the specifics of the loan you will need, you should meet with a student financial services officer at the Brown Mackie College location of your choice. This officer can develop a student financial aid plan based on your specific set of circumstances.
The Direct (government) education loan program offers the following types of loans:
- Subsidized: for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is attending school at least halftime and during deferment periods.
- Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
- PLUS: unsubsidized loans for the parents of dependent students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.
- Consolidation: Eligible federal student loans can be combined into one direct consolidation loan.
You borrow Direct (government) education loans from the Federal government, and the direct loan servicing center becomes your single source for managing the repayment of your loans. For general information, visit the direct loan program site.
This site will provide you with information about loan limits, regardless of whether you are a dependent student applying for a loan with your parents or an independent student applying for a loan without your parents’ help. Before you apply for a Direct (government) education loan, you must schedule a meeting with a student financial services officer who can develop a student financial aid plan based on your specific set of circumstances.
Remember: Your first step in the student financial services process is to complete the Free Application for Federal Student Aid (FAFSA) form. If you need more information about completing the FAFSA form, visit our Student Financial Services Resource Page. Or, if you have not yet completed your FAFSA form, this link will get you started.