Federal Pell Grant Program: Federally funded program for undergraduate students with exceptional financial need. Award amounts are determined in part by your enrollment level.
Supplemental Educational Opportunity Grant: A federally funded program for undergraduate students with exceptional financial need. Award amounts are determined by the University.
Academic Competitiveness Grant: A federal grant for students with exceptional financial need who are in their first or second years of college after having completed a rigorous high school program as defined by the U.S. Department of Education.
National Science and Mathematics Access to Retain Talent Grant: A federal grant for students with exceptional financial need who are in their third or fourth years in an eligible major program as defined by the U.S. Department of Education.
Perkins Loan: Federal loan with a fixed 5% interest rate, awarded to students with exceptional financial need. Principal and interest payments deferred until 9 months after the student is no longer enrolled, $40 per month minimum monthly payment, 10 years to repay.
Stafford Loan: Federal loan with a fixed interest rate. The principal and interest may be deferred until 6 months after the student is no longer enrolled at least half time. The minimum monthly payment is $50, and the standard repayment is 10 years.
| Amounts Per Year | |
| Freshmen | $5,500 |
| Sophomores | $6,500 |
| Juniors & Seniors | $7,500 |
Subsidized Federal Stafford Loan: Need-based, student is not responsible for interest charges while enrolled at least half-time. This loan has a fixed interest of 5.6% for loans first disbursed on or after July 1, 2009.
Unsubsidized Federal Stafford Loan: Non-need-based, interest accrues while the student is enrolled. This loan has a fixed interest rate of 6.8%. Independent students may borrow an additional $4,000 - $5,000 based on academic level. Student has the option to pay interest while in school or defer the interest until the loan goes into repayment.
Federal PLUS Loan: Credit-based loan borrowed by the parents of dependent undergraduate students. There is a fixed 8.5% interest rate. Repayment begins immediately, and the standard repayment is 10 years. Parents may borrow up to the cost of education less other financial aid.
Federal Work-Study: Federally funded work program. Students work part-time and wages are paid jointly by federal funds and the University. Students have the option of using their checks to make payments on their balance or keep as personal spending money.
Federal TEACH Grant (Teacher Education Assistance for College and Higher Education): This is a federal grant program that provides grants of up to $4000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Students must be admitted to the School of Education and have a GPA of 3.25. Eligible students will be contacted by the Office of Student Financial Services via email.
Saint Xavier University 2009-2010 Catalog
Please visit the SXU Web site for the most recent information.