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Federal Financial Assistance Programs
- Federal Pell Grants are available to students with exceptional financial
need, as determined by the Department of Education. Federal Supplemental
Educational Opportunity Grants (SEOG) are available to students with
exceptional financial need. Priority is given to Federal Pell
recipients.
- Federal Work Study provides on-campus employment opportunities for
students with demonstrated financial need. Work awards are typically $800-$1200
per year. Students are paid minimum wage once a month. Students may receive a pay raise on a case-by-case basis.
- Stafford Loans are need-based, long-term, low-interest loans. Repayment begins six months after graduation, withdrawal, or a drop to less than half-time enrollment. Amounts of the loan are determined by the student's year in college and enrollment status.
- Unsubsidized Stafford Loans are long-term, low-interest loans available to all students regardless of financial need or family income. Repayment begins six months after graduation, withdrawal, or a drop to less than half-time enrollment. Amounts of the loan are determined by the student's year in college and enrollment status.
- Perkins Loans are need-based, long-term, low-interest loans
awarded primarily to first and second year students. The loan is a joint
Cornell College-federal program. Repayment begins nine months after
graduation, withdrawal, or a drop to less than half-time enrollment. The
Perkins Loan is repaid to Cornell College.
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