As a result of the Health Care and Education Reconciliation Act, beginning July 1, 2010, federal student loans will no longer be made by private lenders under the Federal Family Education Loan (FFEL) Program. Instead, all new federal student loans will come directly from the
U.S. Department of Education under the Direct Loan Program.
This change does not impact the process of applying for federal grants, loans and work-study or the amount of federal aid that students are eligible to receive. Students interested in receiving federal student aid should continue to complete a Free Application for Federal Student Aid (FAFSASM) for each school year that they wish to be considered for aid. If you have any questions about applying for federal student aid, please contact 1-800-4-FED-AID.

The Federal Pell Grantsare for students with financial need. The amount of the grant is determined by the government and is based on financial information provided by the student.

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department) rather than a bank or other financial institution. With Direct Loans, you:

• Borrow directly from the federal government and have a single contact-the Direct Loan Servicing Center for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
• Have online access to your Direct Loan account information 24 hours a day, 7 days a week at Direct Loans on the Web at: www.dl.ed.gov.
• Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.

* For more information visit: http://www2.ed.gov/offices/OSFAP/DirectLoan/student.html

The Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need that is, students with the lowest Expected Family Contribution (EFCs) and gives priority to students who receive Federal Pell Grants. An FSEOG does not have to be paid back.