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The federal government offers several different grant and loan programs to students and their families. Federal student aid typically covers such expenses as tuition and fees, room and board, and other costs related to obtaining a post-secondary education. To receive federal financial aid, students must complete the Free Application for Federal Student Aid (FAFSA).


PLUS Loans

The Federal Direct PLUS Loan program is a federal loan offered to students or parents of students enrolled at least half-time at participating post-secondary institutions. The maximum loan amount is the net cost of attendance, including all other financial aid received. Federal student loans have fixed interest rates and income-driven repayment plans that are not usually available through private loans. 


TEACH Grants

Recipients of Teacher Education Assistance for College and Higher Education (TEACH) grants agree to teach high-need subjects in low-income areas for at least 4 years, otherwise their grants turn into loans. The recently announced Trump Administration neg reg will revisit the TEACH Grant program.


Pell Grants

The largest federal grant program, the Pell Grant is awarded entirely based on financial need and is typically only available to first-time undergraduate students. Unlike a loan, Pell Grant recipients do not have to pay back the federal government for the award. For the 2019-20 academic year, Congress increased the maximum Pell Grant award by $100, to $6,195.




Related Pages

To visit other pages with SFS content related to Department of Education regulations, click below:

SFS Regulations   ED Regulations   ED Archives


Bryan Dickson

Director, Student Financial Services and Educational Programs


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