ACADEMIC CATALOG - Purdue University Calumet

Student Information
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Financial Aid Programs at Purdue University Calumet
APPLICATION PROGRAM
PROGRAM TYPE DESCRIPTION INFORMATION REQUIREMENTS
Pell Grant Federal Grant Provides a foundation of financial aid to which other aid may be added. Awarded File FAFSA Award based on actual
only to undergraduate students who have not earned a bachelor’s or professional enrollment (1-12 credit hrs.)
degree. Does not have to be repaid. Must show financial need.
Academic Competitiveness Federal Grant Awarded to 1st and 2nd year full time Pell Grant recipients who are a U.S. Citizen, degree File FAFSA 12+ hrs.
Grant seeking and completed a rigorous high school program. Restricted to one grant per class level.
National Science and Federal Grant Awarded to 3rd and 4th year full time Pell recipients who are a U.S. Citizen, degree seeking, File FAFSA 12+ hrs.
Mathematics Access majoring in engineering, science (physical, life or computer), technology, math or designated
to Retain Talent (SMART) foreign languages and have a GPA of 3.0 out of 4.0. Restricted to one grant per class level.
Grant
Supplemental Educational Federal Grant Awarded to undergraduates with exceptional financial need. Does not have to FAFSA to be received by the Min. of 6 credit hrs.
Opportunity Grant (SEOG) be repaid. Federal Processor by March 10.
Work-Study Federal Employment Provides jobs for undergraduate and graduate students with financial need allowing FAFSA to be received by the Min. of 6 credit hrs.
Program (FWS) them to earn money to help pay educational expenses. Salary will be at least the Federal Processor by March 10.
current federal minimum wage, but it may be higher.
Perkins Loan Federal Loan A low-interest (5%) loan for both undergraduate and graduate students with FAFSA to be received by the Min. of 6 credit hrs.
exceptional financial need. The school is the lender, and the loan is made with Federal Processor by March 10.
government funds. Must be paid back to the school.
Stafford Loan Federal Loan Either subsidized or unsubsidized. A subsidized loan is awarded on the basis of financial File FAFSA Min. of 6 credit hrs.
need. The federal government pays the interest (determined every year by July 1) on the loan
(“subsidizes” the loan) until you begin repayment and during authorized periods of deferment.
Student Information
An unsubsidized loan is not awarded on the basis of need. You will be charged interest until it
is paid in full. A fee up to 3% is deducted proportionately from each disbursement of your loan.
Borrowing Maximums:
Freshmen $2,625; Sophomores $3,500; Juniors $5,500; Seniors $5,500; Graduate/Professional
$8,500. Loans must be paid back. Repayment starts 6 months after you cease to be enrolled
or are enrolled less than half-time. Additional information is provided at time of loan processing.
Plus Loan Federal Loan Enable parents with good credit histories to borrow to pay the educational expenses Contact Office of FA&SA* Student must be enrolled
(for Parents) of each child who is a dependent undergraduate student enrolled at least half-time. at Purdue Calumet a min. of 6 credit hrs.
Plus Loan Federal Loan Enable graduate students to borrow funds to pay their educational expenses. File FAFSA 5+ hrs.
(for Graduate Students)
Higher Education State Grant Awarded to undergraduate Indiana residents with financial need. Funds can only be FAFSA to be received by the Min. of 12 credit hrs.
Award (HEA) used to pay tuition and fees. Federal Processor by March 10.
Twenty First Century State Grant Awarded to undergraduate Indiana residents who are participants in the Twenty-First Century FAFSA to be received by the Min. of 12 credit hrs.
Scholars Program Scholars Program through the State Student Assistance Commission of ndiana (SSACI). Federal Processor by March 10. (Enrolled in program
Must fulfill the scholar’s pledge to graduate from high school, achieve a high school GPA in 7th/8th grade)
of at least 2.0, not use illegal drugs or alcohol or commit any crime. Funds can only be used
to pay tuition and fees.
National Guard State Grant Awarded to full and part time Indiana resident students at public institutions who are FAFSA to be received by the Min. of 6 credit hrs. Must
Supplemental Grant participating in the Indiana National Guard Federal Processor by March 10. be certified by both the
State Student Assistance
Commission of Indiana
(SSACI) and the Indiana
National Guard (NG)
*Office of Financial Aid and Student Accounts (Office of FA&SA)