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Federal Programs
Milligan participates in all
federal aid programs. Students must complete a FAFSA to
be eligible. The college begins making financial aid offers in March. If you'd like to get an early start, visit www.fafsa4caster.ed.gov to get an estimate of your federal aid. Contact Milligan's SFS office with your results and we can give you an estimate of Milligan aid, too.
For current details on federal aid, visit www.studentaid.ed.gov.
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Available Assistance
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Award Criteria
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Amounts Available
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| *Federal Pell Grant |
Based on results of information submitted on the Free Application for Federal Aid (FAFSA) and Federal Methodology. Need based federal grant. |
$1,176 to $5,550 |
| **Academic Competitiveness Grant Program |
U.S. citizen; Federal Pell Grant recipient; enrolled at least half-time in a degree program; enrolled in the 1st or 2nd academic year of program of study. Must have completed a rigorous secondary program of study no earlier than Jan. 1, 2005. For second year ACG, student must obtain a 3.0 GPA at the end of the first academic year |
$750 first academic year of study; $1,300 second academic year of study |
| **National SMART Grant Program |
U.S. citizen; Federal Pell Grant recipient; enrolled at least half-time in a degree program; with a major in physical, life, environmental, food, nutrition, fishing and fisheries, forest, wood, wildlife or computer science, biopsychology engineering, mathematics, technology, natural resources and conservation, or a critical foreign language; and have at least a cumulative 3.0 GPA on a 4.0 scale in the coursework required for the student’s major. |
$4,000 for each of the third and fourth years of study |
| Federal Supplemental Education Opportunity Grant (FSEOG)
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Students must have exceptional financial need. Priority given to Pell Grant recipients. Need based federal grant. |
Based on federal funding level. Generally $250 to $1,000 annually |
| Federal Work Study |
Undergraduate students who are enrolled at least half-time who desire work and meet the eligibilty requirements. |
$1,015 to $2,030 annually |
| Federal Perkins Loan |
Low interest (5%) loan for students with exceptional need. Repayment beginning 9 months after ceasing to be enrolled less than halftime. |
Based on federal funding level. Generally $500 to $2,000 annually |
Federal Stafford Student Loan Programs
Subsidized and Unsubsidized |
Must indicate on your award letter your
intent to borrow
Must complete a Master Promissory Note
(MPN) and Entrance Loan Counseling
Subsidized—Need based, government
pays interest while student is in college.
Unsubsidized—Available to all students,
not need-based. Interest accrues while
student is in college. |
Annual Loan Limits
$5,500–Dependent
1st Yr. Students
$9,500–Independent
1st Yr. Students
$6,500–Dependent
2nd Yr. Students
$10,500–Independent
2nd Yr. Students
$7,500–Other
Dependent
Undergraduates
$12,500–Other
Independent
Undergraduates
$22,500–Graduate or
Professional Students |
| Federal Parent PLUS Loan for Undergraduate Students or PLUS Loan for Graduate Students
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Low cost parent and graduate student loan program, not need-based. Minimum monthly payment $50. Repayment begins within 60 days after loan is disbursed. Must complete a Master Promissory Note (MPN) and new Graduate PLUS Loan borrowers must complete Entrance Loan Counseling. |
Cost - Financial Aid = Annual Eligibility |
| Teacher Education Assistance for College and Higher Education (TEACH) GRANT |
Federal grant for first baccalaureate students and/or graduate students. Student must be Title IV eligible with a 3.25 GPA who is completing or plans to complete coursework necessary to begin a career in teaching. Student must teach in Title I school in specified areas (bilingual education and English language acquisition, foreign language, mathematics, reading specialist, science, special education, or high-need field approved by the Secretary). A TEACH Grant recipient must agree to serve as a full-time teacher in a high need field in a public or private elementary or secondary school that serves low income
Click here for more information. |
$4,000 per academic
year for maximum of
$16,000 for first
baccalaureate student
and/or $8,000 for
graduate student |
*The college will recalculate a Federal Pell Grant award for any student
who changes his or her enrollment status through the last date to
“add/drop” courses during a semester. The award amount may increase
or decrease, based on the enrollment status change. This policy is
applied consistently to all students.
** For both the Academic Competitiveness Grant (ACG) and the
National SMART Grant Programs, the amount of the student’s grant in
combination with the student’s Federal Pell Grant Assistance and other
resources, and estimated financial assistance may not exceed the
student’s financial need (Cost of Attendance – EFC = Financial Need).
A student may not receive more than one ACG or National SMART
Grant award in each academic year for which the student is eligible. All
annual award amounts for an academic year may be ratably reduced if
sufficient funds are not available for all eligible students nationally in an
award year.
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