Federal Pell Grant: This federally
funded grant is awarded on the basis of financial need. This grant
is the foundation upon which all other aid is based.
Federal Supplemental Educational Opportunity
Grant: This federally funded grant is awarded to
students based on financial need.
Federal Teacher Education Assistance for College
and Higher Education (TEACH) Grant: Students who intend
to teach in a public or private elementary or secondary school that
serves students from low-income families may be eligible for this
grant. Students must have a minimum cumulative GPA of
3.0 and already be accepted into the Lindsey Wilson College
Education program to receive this grant.
In exchange for receiving a TEACH Grant, students must agree
to serve as a full-time teacher in a high-need field in a school
that serves low-income families. Students must teach for at
least four academic years within eight calendar years of completing
the program of study for which they received a TEACH Grant.
Failure to complete this service obligation will result in the
grant being converted to a Federal Direct Unsubsidized Stafford
Federal Perkins Loan (formerly National Direct
Student Loan): This need-based loan is funded by the
federal government and the College.
Federal Direct Subsidized Stafford
Loan: This need-based program enables students to
borrow an educational loan from the Department of Education. The
loan is insured by the federal government, and the federal
government pays the interest while the borrower is enrolled in
school at least half-time, during a grace period, and during
authorized periods of deferment. Interest will begin to accrue from
the beginning of the repayment period.
Federal Direct Unsubsidized Stafford
Loan: This is a non-need-based Stafford Loan from the
Department of Education. The student is responsible for the
interest during in-school and deferment periods.
Federal Direct PLUS Loans: This
loan program enables parents with good credit histories to borrow
an educational loan from the Department of Education for each child
who is enrolled at least half-time and who is a dependent student.
There is no grace period for these loans.
Federal programs provide part-time employment opportunities
for students who need financial assistance. Employment in the
College work-study program takes place mostly on campus and is
based on need.