Policies & Disclosures
Financial Aid Policies
Title IV of the Higher Education Act of 1965 covers the administration of the United States federal student financial aid programs.
Title IV Financial Aid
The student financial assistance programs authorized by Title IV of the Federal Higher Education Act of 1965, as amended, consist of:
- Federal Pell Grant Program
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Federal Work- Study (FWS)
- Federal Direct Student Loans:
- Federal Direct Subsidized Loans,
- Federal Direct Unsubsidized Loans, and
- Federal Direct Parent Loans for Undergraduate Students (PLUS) Loans.
Difference between Direct Subsidized Loans and Direct Unsubsidized Loans?
Direct Subsidized Loans are offered only to undergraduate students with financial need. They have a low fixed interest rate and DO NOT accrue interest while the student is enrolled at least half-time in a degree program. Students do not have to make payments until six months after they graduate or drop below half-time status.
Direct Unsubsidized Loans are available to undergraduate and graduate students regardless of financial need. The loans DO accrue interest while the student is in school and during deferments and grace periods. Students may defer interest payments until after they graduate, but doing so will result in a higher loan payment over the lifespan of the loan.