2014-2015 Catalog

Federal Aid Programs:

Federal Pell Grant: Need based grant money that may be available to students attending approved post-secondary institutions. Application is made to and eligibility is determined by the Central Processing System through FAFSA completion.

Federal Supplemental Educational Opportunity Grant (FSEOG): Federal grants awarded to students with the lowest family contribution and greatest financial need.

Federal Work Study (FWS): Student employment available to a limited number of students with need, who choose to earn part of their educational funding.

Leveraging Educational Assistance Partnership Program (LEAP): Federal money used to match state funds for grants to Wyoming residents with need in an amount greater than $900.

Subsidized Direct Loan: Need-based federally subsidized loan to college students which are funded by the Federal Direct Loan Program. While a student is enrolled at least half-time the interest is being paid by the Federal Government. The interest rate is fixed at 6.8% and repayment obligations begin six months after a student completes their education or stops attending on a at least a part-time basis. Entrance counseling is required prior to disbursement.

Unsubsidized Direct Loan: Federal loans available to students funded by the Federal Direct Loan Program. Interest payments begin within 60 days after loan disbursement unless students choose to defer these payments. It has a fixed interest rate of 6.8%. Entrance counseling is required prior to the final disbursement

Federal Direct PLUS Loan: Federal loan available to parents whose dependent children attend post-secondary institutions. The interest rate is fixed at 8.5% and repayment begins immediately after the last loan disbursement.