Undergraduate
• Fall/Spring 2005-2006
Graduate
• Fall/Spring 2005-2006
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2005-06 Scholarship/Waiver Information
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| MSU Financial Aid Information for 2005-2006 |
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Federal Student Financial Aid
GENERAL ELIGIBILITY CRITERIA FOR FEDERAL STUDENT AID PROGRAMS
Eligibility for most of these programs (grants, work-study, and Stafford “subsidized” loans) is based upon the “demonstrated financial need”
of the student applicant and the student applicant’s family. However, financial need is not an eligibility criterion for the federal Stafford
“unsubsidized” loan or the Parent PLUS loan. Therefore, most federal student aid applicants will be eligible for some form of financial
assistance through the federal student aid programs, regardless of demonstrated financial need.
FEDERAL STUDENT GRANTS Pell Grant and SEOG Grant
- Pell Grant awards from $400 to $4,050 per year
- SEOG Grant awards up to $1,500 per year
FEDERAL WORK-STUDY
- Awards from $1,752 to $3,160 per year
- Allows students to work from 10 to 18 hours per week
- Student receives a paycheck twice per month for hours actually worked
FEDERAL STUDENT LOANS
- Freshman-level loan awards from $200 to $2,625 per year Stafford Subsidized and Unsubsidized Loans • Sophomore-level loan awards from $200 to $3,500 per year
- Junior-level loan awards from $200 to $5,500 per year
- Senior-level loan awards from $200 to $5,500 per year
FEDERAL PARENT PLUS LOANS
- Award amounts are based on the institution’s published cost of attendance
minus other financial aid and educational resources
HOW AND WHEN TO APPLY
- The Free Application for Federal Student Aid (FAFSA) can be completed on the Web at www.fafsa.ed.gov OR on a paper form
(Contact the Department of Student Financial Aid if you need a paper FAFSA).
- Complete the FAFSA each year as soon as possible after January 1 for the following school year.
- Applications are considered on a funds-available basis.
- MSU’s federal school code is 002423.
State Student Financial Aid
Several student financial aid programs are available from the State of Mississippi for students who are Mississippi residents. The
two largest programs offered by the state are the Mississippi Tuition Assistance Grant (MTAG) and the Mississippi Eminent
Scholars Grant (MESG). It is recommended that each student aid applicant contact the Mississippi Office of Student Financial Aid,
3825 Ridgewood Road, Jackson, MS 39211, as soon as possible after January 1, 2005, for full details on all available
programs and/or application procedures for the following school year. The phone number is 1-800-327-2980. The Web site is
www.mississippiuniversities.com.
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