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Grants
FEDERAL
PELL GRANT is a federal program
designed to assist students in defraying the coast of attending
college. Awards under this program are grants and do not require
repayment. Money received must be used solely for educational
purpose, which include tuition, fees, room, board, supplies,
and miscellaneous expenses.
Federal
Supplemental Educational Opportunity Grant
is a federal aid program providing assistance to students
with demonstrated need who have not completed their first
undergraduate baccalaureate course of study. The grant ranges
from $100 to $4,000 per academic year.
Virginia Tuition Assistance Grant Program
is a state grant awarded to Virginians entering private college
and universities in the state. Application is made by, completing
the Virginia Tuition Assistance application by July 31. Need
is not a criterion. Students domicile in the State of Virginia
may contact the Office of Admissions at (804) 329-8440 or
go to the following
link Downloadable
Application and print out the application.
Virginia College Scholarship Assistance
Program (CSAP) is a state need-based program for Virginia
undergraduate students enrolled for at least 6 credit hours
in a degree-seeking program. Application is made by, completing
the Free Application for Federal Student Aid.
Federal
Work Study Program (FWS)
provides jobs for students demonstrating financial need. The
program provides part-time employment while you are enrolled
in school to help pay for your educational expenses. It is
available to full-time and part-time students and both graduate
and undergraduate students. To determine your eligibility
for FWS, you must complete the Free
Application For Federal Student Aid (FAFSA) each year.
Loans
DIRECT
AND FEDERAL FAMILY EDUCATION LOAN STAFFORD LOANS
Direct
and FFELP Stafford Loans are the Department's major form of
self-help aid. Direct Stafford Loans are available through
the William D. Ford Federal Direct Loan (Direct Loan) Programs
and the FFELP Stafford Loans are available through the Federal
Family Education Loan (FFELP) Program. The terms and conditions
of a Direct Stafford or an FFELP Stafford are similar. The
major differences between the two are the source of the loan
funds, some aspects of the application process, and the available
repayment plans. Under the Direct Loan Program, the funds
for your loan are lent to you directly by the U.S. government.
Students may apply for a Stafford Student Loan if they meet
the following conditions: (1) students must be accepted for
enrollment at the University, (2) students must be enrolled
for a least half time course load, and (3) students must be
in good academic standing at the University. The aggregate
loan amount is $23,000 as a dependent undergraduate student
and $46,000 as an independent undergraduate student (Only
$23,000 of this amount may be in subsidized loans). Generally,
repayment begins six months after the student graduates or
reduces his/her course load to less than half-time status.
The period of repayment may not exceed ten years. Eligibility
for a Stafford Student Subsidized Loan may be limited by family
contribution requirements set by federal regulations.
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