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Aid Program Chart

All aid programs below require the Free Application for Federal Student Aid (FAFSA) except where indicated.

Work-Study

Note: Even if you don't have a work-study award, jobs are available to all students at MSU.

PROGRAM	DESCRIPTION	ELIGIBILITY
Federal College Work-Study	Need-based Funded by federal government Jobs are available both on and off campus with eligible employers Students can use awards in community service jobs	Undergraduate (first or second bachelor's degree) or graduate student Must be enrolled at least half time U.S. citizen or eligible noncitizen

Scholarships and Grants

PROGRAM	DESCRIPTION	ELIGIBILITY
Federal Pell Grant	Need-based Federally funded Gift aid	Undergraduate (first bachelor's degree) Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility U.S. citizen or eligible noncitizen Can receive funds from only one institution during a term, even if attending two colleges during the same term
Federal Supplemental Educational Grant (SEOG)	Need-based Federally funded Gift aid	Undergraduate (first bachelor's degree) Must be enrolled full time Either Michigan or out-state resident U.S. citizen or eligible noncitizen
Federal Academic Competitiveness Grant (ACG) * THIS PROGRAM ENDS AFTER 2010-2011	Need-based Federally funded Gift aid $750 first year $1300 second year	First or second year undergrad Pell Grant recipient Completed a rigorous high school program Must be a U.S. citizen GPA of 3.0 or higher at the end of first year in order to receive the second year grant
Federal TEACH Grant	Federally funded Gift aid Up to $4000/year Up to a cumulative total of $16,000 for undergrads and $8000 for grad students	Must agree to teach in designated high need subject areas Complete entrance interview Meet special academic requirements NOTE: Converts to loan with retroactive interest if teaching commitment unfulfilled - see the TEACH Grant page
Federal National SMART Grant Program (SMART) * THIS PROGRAM ENDS AFTER 2010-2011	Need-based Federally funded Gift aid up to $4000 first year up to $4000 second year	Third or fourth year undergrad Pell Grant recipient U. S. Citizen Minimum 3.0 GPA Specific majors only Take at least one qualifying course each semester
Michigan Competitive Scholarship (MCS)	Need-based Funded by the State of Michigan Tuition only Annual maximum to be determined based on available funding Maximum 10 semesters eligibility	Undergraduate (first bachelor's degree) Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility; less than half-time enrollment cancels eligibility Michigan high school graduate & Michigan resident U.S. citizen or eligible noncitizen Qualifying score on the ACT taken in high school Maintain a cumulative 2.0 GPA
MSU Assistance Grant (MAG)	Need based Funded by MSU Gift aid	Not Pell eligible Must be enrolled half time or more to receive Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility
MSU Enrollment Deposit Grant (MEDR)	Need based Funded by MSU Gift aid	Qualify based on need per the Office of Admissions
MSU Freshman Grant (MFG)	Need based Funded by MSU Gift aid	New freshman Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility Michigan resident
MSU Program Fee Grant (MPFR)	Need based Funded by MSU Gift aid	Upper division undergraduate
MSU Spartan Advantage Program (SPAD)	Need based Funded by MSU Combination of gift aid and work-study to reduce dependence on loans	Undergrad, first undergraduate degree only Pell eligible Must be enrolled full time Michigan resident Based upon income and family size, and is renewable if criteria continue to be met as an undergraduate
MSU National Merit Scholarship	Funded by MSU Automatic consideration given to National Merit semifinalists naming MSU as first choice Annual stipends ($750-$2000) depending on individual need	Undergraduate student Must be enrolled full time U.S. citizen or eligible noncitizen Maintain good academic standing
MSU Student Aid Grant (SAG)	Need-based Funded by MSU Gift aid	Undergraduate (first or second bachelor's degree), teacher certification student, graduate student Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility Michigan resident U.S. citizen or eligible noncitizen
MED Student Aid Grant	Need-based Funded by MSU Gift aid	Medical student Amount on award letter assumes full-time enrollment; part-time enrollment reduces eligibility Michigan resident U.S. citizen or eligible noncitizen

Student Loans

PROGRAM	DESCRIPTION	ELIGIBILITY
Federal Perkins Loan	Need-based Federally funded 5% fixed interest Repayment and interest deferred while enrolled at least half time Six or nine month grace period before repayment begins (see your promissory note)	Undergraduate (first or second bachelor's degree), teacher certification student, graduate student Must be enrolled full time U.S. citizen or eligible noncitizen Completed promissory note required
Federal Stafford Loan (Subsidized)	Need-based Federally administered New loans have a fixed interest rate of 4.5% for undergrads and 6.8% for grad students Repayment of principal and interest deferred while enrolled at least half time Six month grace period before repayment of principal and interest begins	Undergraduate (first or second bachelor's degree), teacher certification student, graduate student, medical student Must be enrolled at least half time U.S. citizen or eligible noncitizen Completed promissory note required
Federal Stafford Loan (Unsubsidized)	Non need-based Federally administered New loans have a fixed interest rate of 6.8% Interest begins accruing upon disbursement Repayment of principal deferred while enrolled at least half time Payment of interest MAY be deferred Six month grace period before repayment of principal begins	Undergraduate (first or second bachelor's degree), teacher certification student, graduate student, medical student Must be enrolled at least half time U.S. citizen or eligible noncitizen Completed promissory note required
Federal Grad PLUS Loan	Non need-based Federally administered Fixed interest rate 7.9% Interest begins accruing upon disbursement Repayment of principal deferred while enrolled at least half time Payment of interest MAY be deferred Six month grace period before repayment of principal begins.	Graduate student, medical student Must be enrolled at least half time U.S. citizen or eligible noncitizen Completed promissory note required
Primary Care Loan (PCL) Loan for Disadvantaged Students (LDS) Health Professions Loan (HPSL)	Need-based Federally funded 5% fixed interest Grace period before repayment may vary	Medical student Must be enrolled full time Requires parent financial information PCL requires service commitment' Must be veterinary student for HPSL Completed promissory note required

Parent Loans

PROGRAM	DESCRIPTION	ELIGIBILITY
Federal Parent PLUS Loans	Non need-based Federally administered Parent borrows on behalf of dependent undergraduate student Fixed interest rate 7.9% under Direct Loans Interest begins accruing upon disbursement Repayment of principal and interest begins 60 days after loan is fully disbursed Upon request, repayment of principal deferred while enrolled at least half time	Dependent student enrolled at least half time Parent must meet creditworthiness standards Parent and student must be U.S. citizens or eligible noncitizens Parent must not be in default on a federal education loan or owe a refund on a federal student grant MSU PLUS Loan Application Form (LAF) required Completed promissory note required FAFSA required

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