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BIR provides a financial aid package, based on federal guidelines, using a combination of grants and
low interest direct loans from the U.S. Department of Education. Aid is awarded in the same order as
presented below.
Pell Grant 2011 - 2012 Academic Year
- Does not have to be repaid
- Based on financial need
- Annual Award for the 2011-12 School Year $555 - $5,550
Federal Work Study
- Does not have to be repaid
- Part-time employment provides students with the opportunity to earn money and to improve working skills and habits.
Federal Supplemental Educational Opportunity Grant
- Does not have to be repaid
- Available to qualified students receiving Pell Grants
- Limited grants, available on first come – first served basis
- $120 – $720 per academic year
- Students who enroll before FAFSA deadlines will be considered for FSEOG grants
Subsidized Direct Stafford Loan
- Must be repaid
- Must demonstrate financial need
- U.S. Department of Education pays interest while borrower is in school and during grace and
deferment periods
- Must be at least a halftime student
- $3,500 first academic year
Unsubsidized Direct Stafford Loan
- Must be repaid
- Borrower is responsible for interest during life of the loan
- Must be at least a halftime student
- Financial need is not a requirement
- $6,000 per academic year
PLUS Loan
- Must be repaid
- Available to parents of dependent students enrolled at least halftime
- Acceptable credit history for parent
- Maximum amount is cost of attendance minus any other
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