Federal Financial Aid
Federal
Financial Aid
|
NAME OF AID |
TYPE OF AID |
COLLEGE
EXPENSES COVERED |
ANNUAL LIMITS |
SPECIAL REQUIREMENTS |
|
Federal Pell Grant |
Grant |
Tuition;
fees; books; educational expenses |
Maximum of $6,895; award amount
based on need
and determined by EFC |
Student may
not have a bachelor's
or advanced degree *Subject to
lifetime limits |
|
Federal Supplemental Educational Opportunity Grant
(FSEOG) |
Grant |
Tuition;
fees; books; educational expenses |
Limits
based on availability of funds |
Student may
not have a bachelor's
or advanced degree Have exceptional need Must qualify for the Federal Pell Grant |
|
Federal Work Study |
Work |
Educational
expenses |
Award amount based
on need and
determined by Sinclair Financial Aid after reviewing other aid student
received |
Enroll in at least 6 credit hours Have unmet financial need |
|
Federal Direct Subsidized and Unsubsidized Loans |
Loan |
Tuition;
fees; books; educational expenses |
Dependent: $5,500 - No more
than $3,500 may be
in subsidized loans; 2nd year dependent limit $6,500 with no more than
$4,500 in subsidized 3rd and 4th
year dependent limit for students in a Bachelors program $7,500 with no more
than $5,500 in subsidized Independent: $9,500 - No more
than $3,500 may be in subsidized loans; 2nd year independent limit $10,500 with no more than $4,500 in subsidized 3rd and 4th
year independent limit for students in a Bachelors program $11,500 with no
more than $5,500 in subsidized Actual award amounts based on Cost of Attendance and
subsidized portions determined by EFC. All students are awarded to dependent student loan limits. Students who are eligible for independent loan amounts can request additional loan amounts if Cost of Attendance allows. |
Enroll in at least 6 credit hours Must complete online entrance counseling and a Loan
Agreement (MPN) **Subject to lifetime limits |
|
***Federal Parent PLUS Loan (Dependent Students Only) |
Loan |
Tuition;
fees; books; educational expenses |
Parents may borrow
up to the Cost of Attendance
less any other aid |
Enroll in at least 6 credit hours Must complete online parent loan application and Loan
Agreement (MPN) |
* A student can receive
the Pell Grant only up to 12 full time semesters or the equivalent.
** Lifetime Direct
Loan Limits: Dependent - $31,000 with no more than $23,000
in subsidized; Independent - $57,500 with no more than $23,000 in subsidized.
*** Dependent students whose parents
are unable to obtain
a PLUS Loan may be eligible for additional Federal Direct Unsubsidized Loans.
Special loan counseling is required
for qualifying PLUS loan applicants who have adverse
credit history as defined by the regulations. Educational expenses include
books, supplies, equipment, dependent child care expenses, transportation and computer rental/purchase.
All students using federal aid are subject to federal aid guidelines. The most up to date policies are available at: www.sinclair.edu/services/welcome-center/finaid
All federal loans must be repaid. Repayment begins six (6) months after a student's enrollment drops below six (6) credit hours, including students attending part-time, graduating, and withdrawing. Additional information regarding loan repayment and required exit counseling is available at: www.sinclair.edu/services/welcome-center/finaid
Important Note: Federal Aid received at another
institution may affect the amount
of aid a student is eligible for at Sinclair
and it is the responsibility of the student
to only accept
aid for which
he or she is eligible
with regard to annual limits.
Students should contact the Financial
Aid & Scholarships office
with any questions concerning aid amounts
and eligibility.
- Last Revised: 08/02/2023