{"id":1594,"date":"2026-01-02T12:50:11","date_gmt":"2026-01-02T12:50:11","guid":{"rendered":"https:\/\/impactwindowswholesaler.com\/iticollege\/?page_id=1594"},"modified":"2026-03-07T07:53:23","modified_gmt":"2026-03-07T07:53:23","slug":"financial-aid-programs","status":"publish","type":"page","link":"https:\/\/impactwindowswholesaler.com\/iticollege\/financial-aid\/financial-aid-programs\/","title":{"rendered":"Financial Aid Programs"},"content":{"rendered":"\t\t
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Financial Aid Programs<\/strong><\/p>

Grants and Work-Study<\/strong><\/p>

Program<\/td>Program Details<\/td>Award Amounts (subject to change)<\/td><\/tr>
Federal Pell Grant: Does not have to be repaid<\/td>Available almost exclusively to undergraduates<\/td>Up to $7,395 of the total amount may not exceed the equivalent of six years of Pell Grant funding<\/td><\/tr>
Federal Supplemental Educational Opportunity Grant (FSEOG) Grant: does not have to be repaid<\/td>For Undergraduates with exceptional financial needs; Federal Pell Grant recipients take priority; funds depend on availability at school.<\/td>$50 – $4000<\/td><\/tr>
Federal Work-Study Money Earned while attending school; does not have to be repaid<\/td>For undergraduate and graduate students; jobs can be on campus or off campus; students are paid at least federal minimum wage; funds depend on availability at school<\/td>no annual minimum or maximum amounts<\/td><\/tr>
Direct Subsidized Loans Loan: must be repaid with interest. The interest rate for new loans made on or after July 1, 2025, and before July 1, 2026, is 6.39%<\/td>For undergraduate students; the U.S. Department of Education pays the interest while the borrower is in school and during grace and deferment periods (if you receive a Direct Subsidized Loan that is first disbursed between July 1, 2025, and July 1, 2026, you will be responsible for paying any interest that accrues during your grace period); the student must be attending at least half-time and have financial need<\/td>$3,500 – $5,500, depending on grade level
For a total lifetime limit, go to page
StudentAid.gov\/sub-unsub<\/a><\/td><\/tr>
Direct Unsubsidized Loans Loan: must be repaid with interest. The interest rate for new loans made on or after July 1, 2025, and before July 1, 2026, is 6.39% (undergraduates)<\/td>For undergraduate and graduate students; the borrower is responsible for all interests. Student must be enrolled at least half-time; financial need is not required<\/td>$5,500 – $20,500 (less any subsidized amount received for the same period); depending on grade level and dependency status. For a total lifetime limit, go to page
StudentAid.gov\/sub-unsub<\/a><\/strong><\/td><\/tr>
Direct PLUS Loans Loan: must be repaid with interest. The interest rate for new loans made on or after July 1, 2025, and before July 1, 2026, is 8.94%<\/td>For parents of dependent undergraduate students and for graduate or professional students; the student must be enrolled at least half-time; financial need is not required Borrower is responsible for all interest<\/td>The maximum amount is the cost of attendance minus any other financial aid student receives<\/td><\/tr><\/tbody><\/table><\/div>

U.S. Department of Education, Federal Student Aid, Customer Experience Office, Funding Your Education: The Guide to Federal Student Aid, Washington, D.C., 2013.
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\"Financial
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Steps to Federal Student Aid<\/strong><\/p>

The following steps will help you keep track of what you need to do when applying for federal student aid.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Get free information and help from a school counselor, the financial aid office at the college or career school you plan to attend, or the U.S. Department of Education at StudentAid.gov or 1-800-4-FED-AID (1-800-433-3243). Free help is available any time during the application process. You should never have to pay for help.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Collect the documents needed to apply, including income tax returns and W-2 forms (and other records of income). A full list of what you need is at www.fafsa.gov. Tax return not completed at the time you apply? Estimate the tax information, apply; and correct the information later.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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For the 2013\u201314 year, you can complete the FAFSA between Jan. 1, 2013, and June 30, 2014 (no exceptions to either date!). BUT, apply as soon as possible after Jan. 1 to meet school and state aid deadlines (see note after Step 6). Apply online at FAFSA on the Web (the faster and easier way) by going to www.fafsa.gov. If you don\u2019t already have your PIN to electronically sign your FAFSA, you can get it when you complete the online FAFSA<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Within a few days, the U.S. Department of Education will send you your Student Aid Report (SAR)\u2014the result of your FAFSA\u2014by e-mail with a link to your electronic SAR, or by mail if you completed a paper FAFSA. Review your SAR and, if necessary, make changes or corrections following the instructions in your SAR. Your complete, correct SAR will contain your Expected Family Contribution (EFC)\u2014the number used to determine your financial need.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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The college or career school that you plan to attend might request additional information from you. Be sure to respond by any deadlines, or you might not receive federal student aid.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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All applicants: The college or career school will tell you how much aid you can get at that school. Contact the school\u2019s financial aid office if you have any questions about the aid being offered.First-time applicants: Review award letters from schools to compare amounts and types of aid being offered. Decide which school to attend based on a combination of (a) how well the school suits your needs and (b) its affordability after all aid is taken into account.<\/p>

Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and home mortgages. You cannot have these loans canceled because you didn\u2019t like the education you received, didn\u2019t get a job in your field of study, or are having financial difficulty.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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QUICK LINKS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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