Milligan participates in all
federal and state aid programs. Students must complete a FAFSA to
be eligible. For current details on federal aid, visit
www.studentaid.ed.gov.
|
Available Assistance
|
Award Criteria
|
Amounts Available
|
| *Federal Pell Grant |
Based on results of information submitted on the Free Application for Federal Aid (FAFSA) and Federal Methodology. Need based federal grant. |
$976 to $5,350 |
| **Academic Competitiveness Grant Program |
U.S. citizen; Federal Pell Grant recipient; enrolled full-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 secondyear 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 full-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)
|
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
|
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 |
