Campus-Based Programs

Federal Supplemental Education Opportunity Grant

A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need, which is defined as students with zero Expected Family Contributions (EFCs), and remaining need after other resources used towards educational costs are considered. This federal program gives priority to students who receive Federal Pell Grants. As with the Federal Pell Grant, Federal SEOG awards do not have to be paid back if they are earned. Please note that the U.S. Department of Education guarantees that each participating institution will receive enough money to pay the Federal Pell Grants of its eligible students. However, there is no guarantee that every eligible student will receive an FSEOG award; students will be awarded FSEOG based on the availability of funds at the University. The maximum eligibility for the current award year is $1,000.

Federal Perkins Loan

A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with exceptional financial need. The University of Phoenix is the lender for the loan, and the loan must be repaid to the University. The loan is made with government funds with a share contributed by the school. A Perkins Loan borrower is not charged any fees. However, if a student misses a payment, makes a late payment, or makes less than a full payment, late charges and collection costs will apply.

After the student graduates or leaves school, he/she has nine months before beginning repayment for the Federal Perkins Loan. This is referred to as the “grace period.” Additional deferments may apply if the student is eligible. During periods of deferment and the grace period the loan does not accrue interest. The monthly payment amount will depend on the amount of the debt and the length of the repayment period. The maximum eligibility for the current award year is $4,000.