Federal Student Aid offers federal grant and loan programs administered by the U.S. Department of Education. CSU participates in the following grant and loan programs:
A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are awarded to students who demonstrate financial need and who have not yet earned a bachelor's or professional degree. The maximum award for the 2014-2015 award year (July 1, 2014 to June 30, 2015) is $5,730.The amount of Federal Pell Grant funds you may receive over your lifetime is limited by federal law to be the equivalent of six years of Federal Pell Grant funding. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six year equivalent is 600%.
Direct Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, trade, career or technical school. Eligible students borrow directly from the U.S. Department of Education at participating schools.
Direct Stafford Loans include the following types of loans: