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Types of Financial Aid
Federal Pell Grant:
A federal grant program for needy students who
have not received a baccalaureate or professional degree; administered
by the U. S. Department of Education. This grant is awarded based on the
EFC from the SAR.
Federal Supplemental Educational
Opportunity Grant (FSEOG):
One of the campus-based programs; grants for
students with exceptional financial need who have not completed their first
baccalaureate degree. Priority for FSEOG awards must be given to Federal
Pell Grant recipients with the lowest EFC's.
Diversity Grant (SSDG):
Non-black students that meet board requirements are eligible
to apply for a diversity grant in the amount of $700 per semester (prorated
if less than full time). Priority will be given to main campus (Lorman)
students. All recipients must meet the following criteria: (1)
Be Non-black, (2) Enroll in a degree granting program, and (3) Meet Board
approved requirements for admission.
Mississippi Leveraging Educational
Assistance Partnership (LEAP)
A grant awarded to full-time undergraduate Mississippi
residents with a substantial financial need.
Federal Work-Study (FWS):
One of the campus-based programs; a part-time
employment program which provide jobs for undergraduate and graduate students
who are in need of such earnings to meet a portion of their educational
expenses.
Direct Stafford Loan (subsidized
and unsubsidized):
Long term, low interest loans administered by
the Department of Education through the William D. Ford Loan Program. Variable
interest rate, not to exceed 8.25%. Unsubsidized Federal Stafford Loans
may be used to replace the EFC.
Direct PLUS Loan:
Long-term loans made available to parents of
dependent students. Interest rates are variable, not to exceed 9%. May
be used to replace the EFC; amount borrowed is limited to the cost of attendance
minus estimated financial assistance.
The State of Mississippi offers various scholarships, loans and grants. For additional information and application visit their website at www.ihl.state.ms.us.
- Mississippi Resident Tuition Assistance
Grant (MTAG):
Administered by Mississippi Post-Secondary Board,
full-time students with high school and/or college GPA of 2.5 & ACT
score of 15. Must be a resident of Mississippi for 1 year prior to enrollment.
- Mississippi Eminent Scholars Fund
(MESG):
Incoming freshman with high school GPA of 3.5
and ACT score of 29.
DC Tuition Assistance Grant Program:
For District residents who attend PUBLIC colleges
or universities throughout the United States, the program will pay the
difference between in-state and out-of-state tuition of up to $10,000 per
year, with a lifetime cap of $50,000 per student. For further information
contact the DC Tuition Assistance Grant Program Office at (202) 727-2824
or
http://www.tuitiongrant.washingtondc.gov/main.htm
Scholarships:
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Academic - awarded through the office of Admissions and is
based upon GPA and/or ACT.
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Service - awarded through Band, Athletics, Music, ROTC, etc...
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ASU Foundation, Inc. - awarded based upon availability of
funds and scholarship criteria.
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