Federal Financial Aid

Student Eligibility for Federal Programs

FEDERAL PROGRAMS

Source: The Student Guide: Financial Aid from the U.S. Department of Education, 2000-01.

The U.S. Department of Education has the following student financial aid programs. For more information on the above mentioned programs, contact the Federal Student Aid Information Center, P.O. Box 84, Washington, DC 20044; phone: 1-800-433-3243; http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp

Pell Grant

The Pell Grant is awarded only to undergraduates who have not earned a bachelor’s or professional degree. This grant does not have to be repaid. You may have other types of aid in conjunction with the Pell Grant. The amount of the grant depends upon the availability of program funding. The amount received depends on your Expected Family Contribution as well as your cost of attendance (full-time vs. part-time student) and whether you attend school for the full academic year or less.

Direct Loans/FFEL Loans

Direct loans are available to students and parents at low interest rates. The federal government makes these loans directly to students and parents through the selected institution.

Family Education Loans (FFEL) are also available to students and parents at low interest rates. Private lenders and loan associations make these loans.

Please note, you may not receive a Direct Loan and a FFEL Loan for the same enrollment period.

Campus Based Federal Financial Aid Programs

The following programs are known as Campus-based Programs because they are administered directly by the financial aid office at each participating institution. The amount of aid given is determined by your financial need, on the amount of other aid you will receive, as well as the availability of funds at your selected institution. The deadlines for applying for these programs are different from the previously mentioned programs. Each institution sets their own application deadlines.

Federal Supplemental Educational Opportunity Grants (FSEOG)

This program is available for undergraduates with exceptional financial need. Priority is also given to students who receive Pell Grants. The FSEOG does not have to be repaid. If you qualify for this grant, you can receive between $100 and $4,000 a year depending on when you apply (earlier is better), your level of need, and the funding available.

Federal Work-Study

Provides jobs for undergraduate and graduate students with financial need. The jobs allow students to earn money to aid in paying education expenses. The salary paid will be at least the current federal minimum wage; however, it may be higher depending on the type of work and skill required. The total award depends on when you apply (earlier is better), your level of need, and the funding available. Undergraduate students are paid by the hour. Graduate students are paid by the hour or by salary.

Federal Perkins Loan

A low interest loan for both undergraduate and graduate students that show exceptional financial need. These loans are made through the institution’s financial aid office. You must repay this loan to the institution.

FEDERAL LOANS AND GRANTS FOR HEALTH CARE PROFESSIONALS

Additionally, there are federal loans and grants available (known as Title VII programs) to specific health care fields, such as, nursing, pharmacy, dentistry and medicine. These programs include the following and should be inquired about at your institution’s financial aid office:

Federal Nursing Loan
Loans funded by the federal government for both graduate and undergraduate nursing students. Awards are given based on student's financial need as determined by the financial aid office.
Exceptional Financial Need Scholarship
Scholarships provided to selected students deemed to have exceptional financial need, with the purpose of encouraging these students to pursue a career in medicine, osteopathic medicine, dentistry, optometry, pediatric medicine, pharmacy or veterinary medicine.
Financial Assistance to Disadvantaged Health Professions Students
Scholarships available for students from a disadvantaged background. “Disadvantaged” background means that a student comes from an environment that has inhibited the individual from obtaining the knowledge, skills, and abilities required to enroll in and graduate from a college or university or comes from a family with an annual income below a level based on low-income thresholds according to family size.
Health Careers Opportunity Program (HCOP) Grants
Program designed to provide funds to assist individuals from disadvantaged backgrounds to enter and graduate from health professions schools, namely medicine, osteopathy, dentistry, veterinary medicine, optometry, pharmacy, podiatry, public health and allied health. To be eligible for assistance, students must 1) be from a disadvantaged background, 2) have completed at least the junior year of high school, 3) be a citizen of the United States.
Scholarship to Disadvantaged Students
Scholarships available for students from a disadvantaged background. “Disadvantaged” background means that a student comes from an environment that has inhibited the individual from obtaining the knowledge, skills, and abilities required to enroll in and graduate from a college or university or comes from a family with an annual income below a level based on low-income thresholds according to family size.
Loan Disadvantaged Students
Loans available for students from a disadvantaged background. “Disadvantaged” background means that a student comes from an environment that has inhibited the individual from obtaining the knowledge, skills, and abilities required to enroll in and graduate from a college or university or comes from a family with an annual income below a level based on low-income thresholds according to family size.
Health Professions Student Loan
Loans provided to students deemed to have exceptional financial need, with the purpose of encouraging these students to pursue a career in medicine, osteopathic medicine, dentistry, optometry, pediatric medicine, pharmacy or veterinary medicine.
Primary Care Loan
Designed for students attending allopathic or osteopathic schools. Recipient must agree to enter and complete a residency training program in primary health care and practice primary health care through the date on which the loan is paid in full.
University of Colorado Health Sciences Center
Financial Aid Office
4200 East Ninth Avenue, Box A088
Denver, CO 80262
(303) 270-8364


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