Types of Financial Aid for Undergraduate Students

Student must complete the Free Application for Federal Student Aid (FAFSA) to be considered for any type of federal aid. Apply online at www.fafsa.ed.gov. The following need-based financial aid programs are available to assist a large percentage of Johnson State College students.

Federally Funded Aid Programs

 

Eligibility

 

Financial Aid Award Amounts

Federal PELL Grant

 

Awarded to eligible undergraduates (determined by the federal government based on expected family contribution).

 

Awards range from $555-$5,550 for the 2011-2012 academic year and amounts are determined on a yearly basis.

Federal Supplemental Education Opportunity Grant

(FSEOG)

 

Awarded to assist undergraduates with exceptionally high financial need. Priority is given to PELL eligible students.

 

Awards range from $500-$2,500 and are based on the availability of funds.

 

Federally Funded Aid Programs

 

Eligibility

 

Financial Aid Award Amounts

Federal Perkins Loan

 

Low interest loan (5%) subsidized loan. No interest accrues while the student is enrolled.

 

Awards range from $500-$1,500 and based on the availability of funds.

Federal Direct Subsidized Loan

 

Long term, low interest loan. No interest accrues while the student is enrolled at least half time.

Visit the JSC website for loan eligibility amounts based on completed credits.

Federal Direct Unsubsidized Loan

 

Borrower is responsible for interest during life of the loan. Student must be at least

half time to borrow. The fixed interest rate is 6.8%.

 

Visit the JSC website for loan eligibility amounts based on completed credits.

Federal Direct Parent PLUS Loan

 

Fixed interest (7.9%) loan enables parents with a good credit history to borrow for educational expenses for their dependent student.

 

PLUS Pre-Application (available on the JSC Web site) is required. Parents can borrow the difference between cost of attendance and aid awarded.

 

Federal Work-study Program (FWS)

 

Provides on-campus employment for students to earn money to pay for educational expenses.

 

Award is generally $1,500 (Student is allotted $750 per semester.)

Vermont Student Assistance Corporation (VSAC) and State Incentive Grant Programs

 

FAFSA required

VSAC Grants are restricted to undergraduates who are permanent residents of Vermont. Complete the VSAC Grant Appliation at www.VSAC.org.

Non-residents are encouraged to contact their State Higher Education Agency for information on application procedures and deadlines for possible state funding.

Grant amounts are determined by the individual state agencies that offer state grants.

Note: Students who have already earned a baccalaureate degree are eligible only for Direct Student Loans.