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There are several sources available to help you search for federal financial aid.
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Federal Pell Grants
Grants are awarded based solely on financial need. Unlike loans, grants don't have to be repaid unless, for example, you terminate during the semester you received the grant.
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Federal SEOG (Supplemental Educational Oppotunity Grant)
This is a federally-funded grant for undergraduates who also qualify for a Federal Pell Grant. Awards are generally about $400 per year and are very limited.
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Academic Competitiveness Grant (ACG)
The ACG is for undergraduate students who are enrolled in their first or second academic year in an eligible program in any field, who have completed a rigorous secondary school program of study, and who also have at least a 3.0 cumulative GPA for the first academic year.
- Federal Stafford Loans
Loans, unlike grants or work-study, are borrowed money that must be repaid, with interest. These loans are a serious obligation, so think about the amount you'll have to repay over the years before you take out the loan. The school will disburse your loan in at least two installments; no installment will be greater than half the amount of your loan. Your loan money must first be used to pay for your tuition, fees, and room and board. If loan funds remain, you will be issued a refund by the school's business office.
- Federal PLUS Loans
The Federal PLUS Loan is intended for parents of dependent undergraduate students to help pay for their student's cost of education. Approval is based on credit guidelines set by the federal government, not based on need or income, and requires no collateral. To apply online for the PLUS loan at STI, please click here. The parent may also apply by phone by calling 800-458-4011.
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