What are the different types of federal financial aid?
• Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance and enrollment status. Schiller International University participates in the Federal Pell Grant and Federal Supplemental Educational Opportunity Grant. • The Pell Grant program is the largest of the federal student aid grant programs and provides a “foundation” of financial aid to which assistance from other federal and non-federal sources may be added. The Pell Grant is available only to students who have never received a baccalaureate degree. The maximum annual grant for an academic year may not exceed $4,731. (This fluctuates from year to year according to Congressional appropriation.) The Pell Grant amount that is disbursed varies in accordance with your enrollment status. • The Federal Supplemental Educational Opportunity Grant (FSEOG) program provides need-based grants to undergraduate students to promote
