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FEDERAL GRANTS AND LOANS The
United States Department of Education oversees the administration of the
federal financial aid system. It is through the completion of the FAFSA
that you will become eligible for consideration for federal financial
aid. However, the Calumet College of St. Joseph Office of Financial Aid
will package any Pell grant for which you might qualify and determine
your eligibility for the other forms of financial aid listed below.
Federal Grants and Loans Available for 2007-2008
Academic Year
Federal Grants and Work Study |
| Types of Award |
Eligibility Criteria |
Annual Amount |
| Pell Grant |
Financial need and U.S. citizen or eligible non-citizen. |
Up to $4310 |
| Federal Supplemental Educational Opportunity Grant |
Financial need and U.S. citizen or eligible non-citizen. |
Variable |
| Federal Work Study |
Financial need and U.S. citizen or eligible non-citizen. |
Varies according to amount of demonstrated need. |
Federal Loans |
| Types of Award |
Eligibility Criteria |
Annual Amount |
Application Procedure |
| Federal Subsidized |
Need based. Variable interest rate; interest paid by federal government
while student is in school |
Based on Financial need* |
Complete CCSJ loan application. |
| Federal Unsubsidized |
Based on cost of enrollment and other forms of aid granted. Variable
interest rate; interest accrual begins upon disbursement. |
Based on need and cost of attendance* |
Complete CCSJ loan application. |
| Federal PLUS |
Parent of dependent student enrolled at least half time; based on
credit rating. |
Based on cost of attendance |
Parent completes PLUS loan application |
| *Federal Subsidized and
Unsubsidized loan amounts are limited to annual and aggregate maximums
based on the student’s year in school and amount of loans previously
accepted. |
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