CCSJ - The Office of Financial Aid - Federal Grants and Loans

Financial Aid

The Office of Financial Aid

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. The Calumet College of St. Joseph Office of Financial Aid will package any federal grants and loans for which you qualify. Below is a list of the various types of federal grant and loan programs.

Federal Grants and Loans Available at Calumet College of St. Joseph

Federal Grants and Work Study
*Types of Award*	*Eligibility Criteria*	*Annual Amount*	*Application Procedure*
Federal Pell Grant	Financial need and U.S. citizen or eligible non-citizen.	Award amount varies up to $5,645 annually	Completion of the FAFSA and all required documents
Federal Supplemental Educational Opportunity Grant (FSEOG)	Exceptional financial need and U.S. citizen or eligible non-citizen.	Award amount varies up to $500 annually	Completion of the FAFSA and all required documents
Federal Work Study	Financial need and U.S. citizen or eligible non-citizen.	Award amount varies up to $5,440 annually according to amount of demonstrated need.	Completion of the FAFSA and all required documents

Federal Loans
*Types of Award*	*Eligibility Criteria*	*Annual Amount*	*Interest Rate*	*Application Procedure*
Federal Subsidized Direct Loan	Based on Need	Award amount varies based on dependency status, year in school and need.	3.4%	Completion of the FAFSA, all required documents, Entrance Counseling, Master Promissory Note, and Loan Application
Federal Unsubsidized Direct Loan	Non-need based	Award amount varies based on dependency status and year in school.	6.8%	Completion of the FAFSA, all required documents, Entrance Counseling, Master Promissory Note, and Loan Application
Federa Parent PLUS Loan	Non-need based (Student must be an undergraduate)	Cannot exceed cost of attendance once other forms of financial aid have been applied.	7.9%	Completion of the FAFSA, all required documents, Parent PLUS Loan Application, Consent to Obtain Credit Form, and Master Promissory Note
*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.