Types of AidWhen you apply for financial aid, the Office of Student Financial Aid will consider you for all aid sources. Due to a high volume of calls, we encourage you to review your iRattler account periodically. It is helpful to review each aid program to know what is available and to learn more about specific awards once you receive an award offer. Scholarships
Scholarships are "free money" generally awarded based on merit or need and are not paid back. Additionally, any scholarship that you receive may reduce or replace the self-help (loan or work-study) portion of your aid package. You must notify the Office of Financial Aid of any scholarships you receive that are not already listed on your financial aid award offer. Grants
Grants are "free money" that is not paid back and are awarded based on need. The Federal Pell Grant is a federally awarded grant based on financial need. The amount of this grant ranges from $400 to $5350 for 2009-2010 academic year. Students who attend part time, this award will be adjusted based upon enrolled hours. Federal Supplemental Opportunity Grant is awarded by FAMU. Students must be Pell Grant eligible generally with a zero Estimated Family Contribution (EFC). Florida Grants
State grant programs are awarded to residents of the State of Florida who are enrolled as undergraduate students working on degree at a public or private college or university. For more information visit http://www.floridastudentfinancialaid.org/osfahomepg.htm Federal Work Study
Federal Work Study is a federally subsidized employment program awarded by FAMU. This award is based upon financial need. Unlike other aid that is credited to the bill, a bi-weekly paycheck received based on hours worked. Loans
Florida A &M University participates in the Perkins Loan program and the William D. Ford Federal Direct Loan Program effective summer 2010 to offer Stafford loans, Parent Loans for Undergraduate Students (PLUS), and Graduate PLUS Loans. Low interest student and parent loans are borrowed money that must be repaid. Loans are a large part of many students' aid package. Borrow only what you need. Always remember that you will pay back what you borrow. The 2009-2010 loan process is effective until April 23, 2010. Additional information for the 2010-2011 academic year is located under the Loan Link Label.
Special Note* Students who may receive veterans educational funds, should visit the Office of the University Registrar.
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