Federal Scholarships

Federal Pell Grants

What should I know about Federal Pell Grants?

• Money received from this program is a grant and does not require repayment.
• Aid is disbursed quarterly.
• This program is designed to provide financial assistance for students determined by federal government guidelines to be eligible for financial aid.
• All applicants will receive a Student Aid Report (SAR) or Electronic Student Aid Report (ESAR) which must be signed and submitted promptly to the Student Financial Services Office.

Federal SEOG Grants

What are Federal Supplemental Education Opportunity Grants (SEOG)?

• This grant is available to students who demonstrate financial need and is used to augment aid from other assistance programs.
• Funding received from this program is a grant and does not require repayment.
• Aid is disbursed quarterly.

Federal Perkins Loans

What is the Federal Perkins Loan Program (Formerly NDSL)?

• Aid received from this program is low-interest loan assistance.
• Students begin repaying this loan nine months after leaving college.
• Since Perkins funds are limited, students are advised to apply early.
• Aid is disbursed quarterly.

Federal Stafford Loans

What are Federal Stafford Loans (Formerly GSL)?

• These loans are based on financial need and are obtained through public or private lending institutions such as banks, savings and loan associations, or employee credit unions.
• Repayment of the loan must begin six months after the student leaves college.

Federal Unsubsidized Stafford Loans

What are Federal Unsubsidized Stafford Loans?

• These loans are not based on financial need, but are funded through the same mechanism as subsidized Stafford Loans.
• Terms of the loan are the same as Stafford Loans, however students are responsible for the interest during in-school and deferment periods.
• Loan maximums between subsidized and unsubsidized Stafford Loans may not exceed the published maximum annual loan limits.

Additional Unsubsidized Stafford Loans

What are Additional Unsubsidized Stafford Loans?

• This program assists independent students in meeting educational expenses and for dependent students whose parents are not eligible to borrow under the Federal PLUS Program and cannot otherwise meet the expected family contribution.

Federal PLUS Loans

What is the Federal Parent Loan for Undergraduate Students (PLUS)?

• The PLUS loan is a lower interest rate loan in helping to finance your son or daughter's education. Click on this link to read about the lenders FIDM works with in this program and to choose a lender to have your credit checked to see if you are eligible for a PLUS.
• If you decide to apply online with a lender, be sure to choose the FIDM campus where your son or daughter enrolled.
• https://www.fastproducts.org/choice/fidm

Federal Work/Study Program

What is the Federal Work-Study Program (FWSP)?

• Aid received from this program consists of employment assistance.
• FIDM students interested in participating in this program must contact the FIDM Student Financial Services Office.