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Financial Aid Programs The following are brief descriptions of the Federal financial aid programs available at UEI College under the Title IV program: Federal Pell Grant A Federal Pell Grant does not have to be repaid. The amount depends on your financial need, costs to attend school, and the program of study. If your parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the events of 9/11, you may be eligible for additional Federal Pell Grant funds. Federal Supplemental Educational Opportunity Grant (FSEOG) Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on available funds and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attending school. Federal Work -Study (FWS) Federal Work -Study provides part-time jobs for students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student's course of study. Jobs are limited and students must maintain a minimum required GPA and attendance percentage to qualify. William D. Ford Federal Direct Loan Program Direct Loan programs consist of low -interest loans for eligible students to help cover the cost of education. Eligible students borrow directly from the U.S. Department of Education. Direct loans include Direct Subsidized, Direct Unsubsidized and Direct PLUS loans. Direct Subsidized Loan Direct Subsidized Loans are available to eligible students with financial need. Students may borrow funds at a fixed interest rate established annually by the U.S. Department of Education. The interest is paid by the federal government while students are in school. Direct Unsubsidized Loan Direct Unsubsidized Loans are available for eligible students to borrow for additional education costs. Students may borrow funds at a 22 fixed interest rate established annually by the U.S. Department of Education. With the exception of demonstrating financial need, borrowers must meet all eligibility criteria of the Direct Subsidized Loan Program. Direct Parent Loan for Undergraduate Students (PLUS) PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through schools participating in the Direct Loan Program. Return of Federal Financial Aid Funds If the student is a recipient of the "Title IV" funds previously described (federal work-study excepted) and withdraws from school prior to completing the program of study, the student may not be able to keep all the financial aid funds received in order to pay the educational expenses. The school will calculate the amount of financial aid earned up to the last date of attendance using a formula mandated by the U.S. Department of Education. If the amount of Federal Financial Aid Funds received is more than the amount of the aid earned, the difference must be returned to the appropriate "Title IV" program in the following order: 1. Direct Unsubsidized Loan 2. Direct Subsidized Loan 3. Direct Plus Loan 4. Federal Pell Grant 5. Federal SEOG Grant 6. Other "Title IV" loan or grant assistance Institutional Aid Programs Scholarship Eligibility and Awarding Policy The purpose of the UEI College Scholarship Program is to provide additional financial assistance to students pursuing a diploma/degree in their chosen program of study. Scholarship Eligibility Requirements 1) Applicant must be an active/future student attending a UEI College Campus. 2) All applicants must complete the UEI College Scholarship application and provide all forms applicable to the Campus Student Financial Services Department. Scholarship Terms and Conditions 1) All Institutional Scholarships will be credited to the student's account upon graduation.