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What type of aid is available through FAFSA?

April 26, 2017aid FAFSA type

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What type of aid is available through FAFSA?

1 Answer

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Posted

PELL Grant, SEOG (Supplemental Educational Opportunity Grant), ACG (Academic Competitiveness Grant), Stafford Direct Loans (Subsidized and/or Unsubsidized), Perkins loan (if available) and Work Study. A Stafford Subsidized loan will not accrue interest while the student is in school. A Stafford Unsubsidized loan will accrue interest while the student is in school (current rate of 6.8%). Both types of Stafford loans have a 6 month grace period before repayment begins after graduation. The Perkins loan has a 9 month grace period before repayment begins after graduation.