Types of Financial Aid

Federal Pell Grant

A Federal Pell Grant is an award to help eligible undergraduates pay for their education after high school. Federal Pell Grants provide the “foundation” of financial aid packages. Aid from other Federal and non-Federal sources may be added to the Federal Pell Grant to complete the Package. The Pell Grant does not have to be paid back.

All Pell Grant awards for Fall and Spring Semesters are based on full-time (12 or more hours) enrollment. Pell Grants will be adjusted for students who do not enroll full-time.

Federal Supplemental Educational Opportunity Grant (FSEOG)

An FSEOG is an award to help eligible undergraduates with exceptional financial need. Funding is limited. Priority is given to Federal Pell Grant recipients. An FSEOG does not have to be paid back.


Federal College Work Study

The Federal College Work Study program provides eligible undergraduate or graduate students an opportunity to work at an on-campus job. Funding is limited. FCWS helps you earn money for college expenses.

A work study award does NOT guarantee the student employment on campus. Each student must locate his/her own job on campus. You may contact the Employment Resource Center. Unfortunately, SAU does not have a job for every student who qualifies for work study funds. Accepting a work study award does NOT guarantee that the student will earn the full amount listed on the award letter.

Students who are able to secure campus jobs through the Federal Work Study program may work a maximum of twenty hours per week and are paid minimum wage.

Federal Perkins Loan

A federal Perkins Loan is a low-interest loan for undergraduate or graduate students. Funding is limited. This is a loan and it must be paid back.

Subsidized Federal Direct Loan Program

Subsidized Federal Direct Loans are low-interest loans made to students attending school at least half time. Loans are made by a lender, see preferred lender list. These loans are insured by a state guarantee agency and the Federal Government. Students who are continuously enrolled at least half-time make no payments of the loan. Payments begin six months after graduation (or when enrollment is terminated). This is a loan and it must be paid back.

Unsubsidized Federal Direct Loan Program

This loan is available to students who might not be eligible for a subsidized loan. The term unsubsidized means that payments on the interest could be made while you are enrolled. Unlike subsidized Direct and Perkins loans, interest begins accumulating immediately. This is a loan and it must be paid back.

Federal Direct Loan recipients who have never received a student loan while enrolled at SAU are required by federal regulations to complete a loan counseling session. Visit the site for more information.