ARCHITECT

This portion of our business is The federal government has broken down your funding into two basic categories

Need Based Funding
Need based funding is financial aid you can receive by determining your financial need and meeting some additional criteria laid out by the federal government
  • Federal Pell Grant
  • FSEOG Grant
  • Federal Subsidized Loans
  • Federal Perkins Loans
  • Federal Work-Study
Non-Need Based
Non-Need based aid is financial aid not based on your EFC. The primary determining factor is the Cost of Attendance (COA) and the other sources of assistance you have been awarded previously.

  • Federal Unsubsidized Loans
  • Federal Plus Loans
  • TEACH Grant (For teachers)
Federal Loans
Take advantage of your federal loan options before looking toward private student loans.

  • Cost less
  • Easier to repay
  • Flexible repayment options.

What are my options?

Private Loans
Private loans generally are more costly and will also offer less flexibility in their repayment options.

  • Likely require co-signer
  • Fewer repayment options
  • Variable/fixed interest rate
Undergraduate Loan Information

Federal Subsidized Loans Federal Un-Subsidized Loans Federal Perkins Loan Parent Plus
• Fixed 4.29% rate • Fixed 4.29% rate • Fixed 5% rate • Fixed 6.84% rate
• Does not accrue interest while in school • Accrues interest while in school • Does not accrue interest in school • Accrues interest while in school
• $3,500 Freshman (max) • $6,000 Freshman • $5,500 per year • Max up to Cost of Attendance (COA)
• $4,500 Sophomore (max) • $6,000 Sophomore • Payments may be deferred while student full time status
• $5,500 Junior and higher (max) • $7,500 Junior and higher • Credit based
Aggregate total not to exceed $23,000 Aggregate total not to exceed $57,500 Aggregate total not to exceed $27,500 No Aggregate Total
Graduate & Professional Student Loan Information

Federal Unsubsidized Loans Federal Perkins Loan Graduate Plus Loan
• Fixed 5.84% rate • Fixed 5% rate • Fixed 6.84% rate
• Accrues interest while in school • Does not accrue interest in school • Accrues interest while in school
• $20,500 Per Year • $8,000 per year • May be awarded up to Cost of Attendance (COA)
• $138,500 Aggregate total (both undergrad and grad combined) • Payments may be deferred while student full time status
• Credit based
Aggregate total not to exceed $138,500 Aggregate total not to exceed $60,000 No Aggregate Total

Grants, Scholarships, and Other Aid

Upon completed the FAFSA, you will be reviewed for any federal grants in which you may be eligible. There are also many state and local grants that will want to be explored to help fund the cost of your education. Scholarships are a great way to help reduce the amount borrowed for your education. Service members, veterans, and their families may be eligible for GI Bill benefits as well as other military tuition assistance opportunities. This is a small sample and there are potentially many other opportunities for other aid to assist in paying for your schooling.