Federal Aid Programs
A federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to students who have not earned a bachelor's degree. Pell Grants eligibility is determined by the results of the Free Application for Federal Student Aid (FAFSA), or Expected Family Contribution (EFC). The amount awarded will depend on your enrollment status as a full-time or part-time student.
Supplemental Educational Opportunity Grant (SEOG)
The federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest EFC will be considered first for a SEOG. Just like the federal Pell Grant, the SEOG does not have to be repaid. Funds for this program are limited.
The Federal Work Study Program (FWSP) allows undergraduate students who show financial need to earn money to assist with their educational expenses. Students interested in FWSP must file a FAFSA each year. This program has limited funding.
Employment through FWSP allows students the flexibility of participating in either on-campus employment or in a community service, family literacy or tutoring capacity. Inquiries may be made in the Financial Aid Office as to the procedures for filling work study positions. For additional information please refer to LSU Eunice Policy Statement No. 24 .
Federal Direct Subsidized Stafford Loan
Awarded on the basis of the student's financial need. The federal government does not charge interest on these loans while borrowers are enrolled at least half-time, during a six-month grace period, or during authorized periods of deferment. Payments are not required while borrowers are enrolled at least half-time, during a six-month grace period, or during authorized periods of deferment. This loan has a 0.5% origination fee.
Federal Direct Unsubsidized Stafford Loan
Not based on the student's financial need. Interest is charged throughout the life of the loan at a 6.8% interest rate. The borrower may choose to pay the interest charged on the loan or allow the interest to be capitalized (added to the loan principal). Payments are not required while borrowers are enrolled at least half-time, during a six-month grace period, or during authorized periods of deferment. This loan has a 0.5% origination fee.