Academic Catalog 2010-2011 (Complete pdf file) - Purdue ...

STUDENT INFORMATION
FEDERAL STUDENT AIDCONTINUED
Program Description Application Annual/Aggregate Amts Eligibility
Federal Direct Student
Loan – Additional Unsubsidized
Stafford Loan
Same as subsidized
Stafford Loan
Federal Direct PLUS Direct Loan funds from
federal government;
7.9% fixed interest
rate for Direct PLUS
loan
FAFSA required
annually; MPN
obtained from
Direct Loan servicer
Purdue Calumet
requires the student
to submit a FAFSA;
PLUS MPN from
Direct Loan Servicer
ANNUAL LOAN LIMITS
Dependent undergraduates whose parents
can borrow a PLUS:
$2,000/year
Undergraduate annual limits prorated
for program or remaining periods of
enrollment less than an academic year
Dependent students whose parents
cannot borrow a PLUS:
$6,000/year 1st and 2nd
undergraduate year
$7,000 each remaining undergraduate year
Undergraduate annual limits prorated
for programs or remaining periods of
enrollment less than an academic year
$7,000/year for teacher certification
Independent students:
$6,000/year 1st and 2nd
undergraduate year
$7,000 each remaining undergraduate year
Undergraduate annual limits prorated
for program or remaining periods of
enrollment less than an academic year
$12,000/year graduate or
professional students
$7,000/year for teacher certification
No annual or aggregate amounts, except
parent or graduate or professional student
may not borrowmore than difference
between cost of attendance and other
financial assistance student expects to
receive
Must have demonstration of eligibility/
ineligibility for Federal Pell Grant
Must determine eligibility for subsidized
Stafford Loan before determining eligibility
for additional unsubsidized Stafford Loan
May be used to replace EFC
Natural or adoptive parents (and stepparents
if included on FAFSA) of eligible dependent
undergraduates enrolled at least half time
and graduate/professional students
No adverse credit history
Must not be in default on a federal loan
Must be a U.S. citizen or eligible noncitizen
May be used to replace EFC
Repayment
Required
Yes; same as
subsidized
Stafford Loan
Yes; begins 60
days after fully
disbursed
22 | STUDENT INFORMATION
State Aid Programs administered by the State Student Assistance Commission of Indiana (SSACI)
Source: Source: http://www.in.gov/ssaci/2359.htm
Program Description Application Annual/Aggregate Amts Eligibility
Frank O’Bannon Grant
(formerly the Indiana
Higher Education Grant)
Twenty-First Century
Scholars Program
Part-time State Grant
Program
State aid administered
by the State Student
Assistance Commission
of Indiana
(SSACI); targeted
to tuition and regularly
assessed fees based
on financial need
Guarantees eligible
students upto 4 years
of undergraduate
college tuition at any
participating university
in Indiana
Designed to help
those undergraduates
who are taking at least
3 but less than 12
credit hours per term
at an eligible institution.
FAFSA received by
the federal processor
after Jan 1, 2009 but
on or before March
10, 2009 for 2009-
2010. (must be an
error-free FAFSA by
the May 15th receipt
date deadline of the
filing year.
FAFSA received by
the federal processor
after Jan 1, 2009 but
on or before March
10, 2009 for 2009-
2010. (must be an
error-free FAFSA by
the May 15th receipt
date deadline of the
filing year.
FAFSA received by
the federal processor
after Jan 1, 2009 but
on or before March
10, 2009 for 2009-
2010
Dollar value of state grants vary from year
to year due to variations in appropriations,
the number of filers and the “need”of the
filer base.
Award adjusted based on student’s enrollment
at the end of the Purdue Calumet
refund period (4th week of classes).
Applied only after all other tuition-specific
aid is applied.
Undergraduate tuition and regularly
assessed fees at an approved public
institution (upto a maximum of 15 credit
hours per term). Does not cover the cost
of books, room and board, parking fees,
lab fees or any other fees assessed that
are not assessed to ALL students.
Award adjusted based on student’s
enrollment at the end of the Purdue
Calumet refund period (4th week of
classes)
Applied only after all other tuitionspecific
aid is applied.
Need-based award
Minimum award is $50 per term
Program eligibility determined at the
institutional level subject to approval
by SSACI
First priority for the award is given to
students meeting certain income guidelines
Calculated and awarded on a term by
term basis
Institutional are allocated a fixed
amount of money to award each year
Applied only after all other tuitionspecific
aid is applied.
Indiana resident
U.S. citizen or eligible noncitizen
High school graduate or hold a GED
Attend an eligible college or university
Pursuing associate or first bachelors degree
Full-time student (minimum12 credit
hours per semester)
File FASFA so received by March 10 of the
academic year preceding the academic year
the applicant plans to enroll
Be a resident of Indiana (determined by
residency of parent/legal guardian)
U.S. Citizen
Apply in the 6th, 7th, or 8th grade
Meet program income guidelines
Attend a school recognized by the
Department of Education full-time
Make a commitment to fulfill the Scholars Program
File FASFA so received by March 10 of the
academic year preceding the academic year
the applicant plans to enroll
Meet state residency requirements
Filed a FAFSA
Otherwise qualify for state aid
Repayment
Required
No
No
No