Aid that does not need repaid
The federal Pell Grant Program provides need-based grants to degree-seeking undergraduate students. Pell grant eligibility is determined by the student’s expected family contribution (EFC), the cost of attendance and the student’s enrollment status.
This program allows eligible Pennsylvania residents to obtain financial assistance for undergraduate study at any PHEAA-approved institution of higher education. The Free Application for Federal Student Aid (FAFSA) serves as the program’s application. Awards are based on financial need. Students must be enrolled at least half-time in a degree seeking undergraduate program.
A Federal Supplemental Educational Opportunity Grant (FSEOG) is a grant for undergraduate students with exceptional financial need.
Must be repaid with interest – understand your options & responsibilities
New for 15-16: Students must accept loans and work study awards on my.pitt.edu.
The federal Direct Stafford Student Loan program is the most widely used student loan program for both undergraduate and graduate students interested in borrowing to help meet educational expenses. Borrowing limits, interest rates and terms of repayment are determined and regulated by the US Department of Education. Complete the Direct Stafford Loan Master Promissory Note and Entrance Interview.
The Federal Perkins Loan provide low-interest loans to students with financial need, based on the results of the student’s FAFSA, the cost of attendance and other aid resources. Loans may be limited as funds for lending in these programs come from new federal capital contributions, any institutional matching contribution and collections from prior student borrowers. Some Perkins Loan borrowers who undertake certain public, military, or teaching service employment are eligible to have all or part of their loans canceled.
If you were awarded a Perkins loan, you will need to complete a Master Promissory Note and Entrance Interview.
NURSING/HEALTH PROFESSIONS LOANS
Nursing Loan and Health Professions Loan for Pharmacy Programs provide low-interest loans to students with financial need, based on the results of the student’s FAFSA, the cost of attendance and other aid resources. Loans may be limited as funds for lending in these programs come from new federal capital contributions, any institutional matching contribution and collections from prior student borrowers.
If you were awarded a Nursing or Health Profession loan, you will need to complete Promissory Note and Entrance Interview (must be completed yearly.)
Students and their families can borrow additional loan funds to help meet their college costs using Private Education Loan programs. These credit based loan programs are provided by commercial lenders and are not supported by state or federal financial aid funds. Some Private Education Loans may require interest payments while the student is enrolled in school.
The federal Parent PLUS Loan program enables parents with good credit histories to borrow money to pay the education expenses of their children. The student must be a dependent undergraduate student, making satisfactory academic progress and attending school at least half-time. How to apply for a Parent PLUS Loan.
The federal Graduate PLUS Loan program enables graduate students with good credit histories and a need for funding beyond the Stafford Loan program to borrow money to pay education expenses. Graduate students considering this option must enroll on at least a half-time basis in a degree seeking program, and be making satisfactory academic progress. How to apply for a Graduate PLUS Loan.
Federal Work Study awards are made to students based on demonstrated financial need, limited by the level of federal funds available to the University. The federal Work Study program (FWS) provides employment opportunities for students enrolled at the University of Pittsburgh at campus locations and at eligible non-profit agencies and organizations located in the Oakland area. Most employed students work between 10 and 20 hours per week during the school year.