Program	Type of Aid	Source of Aid	Level of Study	Annual Limits	Lifetime Limits	Current Interest Rate Cap1	Interest Rate Effective Dates
Scholarship	Gift	varies	varies	varies	varies	n/a	n/a
Pell Grant	Gift	Your School	Undergraduate only	$3,125	$15,625 2	n/a	n/a
Federal Supplemental Educational Opportunity Grant	Gift	Your School	Undergraduate only	$4,000	To degree	n/a	n/a
Federal Work-Study	Work	Your School	Undergraduate, Graduate	Variable	Variable	n/a	n/a
Perkins	Loan	Your School	Undergraduate	$4,000	$20,000 3	5%	Fixed
	Loan	Your School	Graduate	$6,000	$40,000 3	5%	Fixed
Stafford - Subsidized	Loan	Brazos Lender	Undergraduate	$2,625/$3,500/$5,500 4	$23,000 5	8.25%	Annually on 7/1
	Loan	Brazos Lender	Graduate	$8,500	$65,500 5	8.25%	Annually on 7/1
Stafford - Unsubsidized	Loan	Brazos Lender	Undergraduate	$2,625/$3,500/$5,500 4	$23,000 6	8.25%	Annually on 7/1
	Loan	Brazos Lender	Graduate	$10,000	$138,500	8.25%	Annually on 7/1
PLUS	Loan	Brazos Lender	Undergraduate	Cost of education minus aid	No limits	9%	Annually on 7/1
Private Loans	Loan	Brazos Lender	Undergraduate, Graduate	varies	varies	varies	varies

1. Interest rates - Every effort has been made to show the current interest rate for each program. All interest rates, however, are subject to change, and the rate listed may be different than the current rate.
   
   
2. Pell limits - You may be eligible for up to $3,125 each year you attend school, up to a maximum of five years.
   
   
3. Perkins loans - Graduate students can borrow up to $40,000 including the amount borrowed as an undergraduate. Therefore, if you borrow $20,000 as an undergraduate, you may be eligible for up to $20,000 as a graduate student.
   
   
4. Stafford annual limits - As an undergraduate you may borrow up to $2,625 per year for the first year, $3,500 for the second year and up to $5,500 per year for the third and subsequent academic years for a cumulative total of $23,000.
   
   
5. Lifetime limits - Graduate limits include the amount you borrowed as an undergraduate. Therefore if you borrowed $23,000 in subsidized loans as an undergraduate, you may be eligible for up to $42,500 in subsidized loans as a graduate student ($23,000 + $42,500 = $65,000).
   
   
6. Stafford unsubsidized - As a dependent undergraduate student you may borrow up to $2,625 per year for the first year, $3,500 for the second year and up to $5,500 per year for the third and subsequent academic years for a cumulative total of $23,000. Independent undergraduate students may be eligible to borrow $6,625 the first year, $7,500 the second year, and $10,500 per year the third and subsequent years in subsidized and unsubsidized loans combined.