Types of Available Aid

All types of aid, regardless of type or source, are held to the Financial Aid Satisfactory Academic Progress Standards

Federal and State Grants

Type of Aid

Amount

Requirements

Deadline

Additional Notes

*Federal Pell Grant$5920Undergraduate students with high financial need based on FAFSA information.
Not available for post baccalaureate students.
ASAP
*Federal Supplemental Education Opportunity GrantUp to $1200Undergraduate students with 0 EFC on FAFSA and eligible for Pell Grant.
Not available for post baccalaureate students.
ASAP
*Oregon Opportunity GrantUp to $2250Available to undergraduate students who are Oregon residents determined by the Oregon Student Access and Completion (OSAC) to be eligible. Amounts determined by OSAC. Funding is limited.

Note: All Oregon Opportunity Grant amounts are subject to change based on availability of state funding and OSAC’s determination of student eligibility.
Submit FAFSA as soon after January 1st as possible to ensure priority consideration for a grant.Students and parents may use prior return tax filing data to estimate taxes but must update FAFSA information after filing taxes by using the Data Retrieval Tool to import data directly from the IRS or by manually entering data from their tax forms.
Federal Workstudy$600 new students
$1200 returning students
Provides wages for part-time jobs on campus. Available to undergraduate and graduate students who are admitted into an eligible degree program and enrolled at least half-time. This is also a need-based program based on the FAFSA information. Receiving a FWS award does not guarantee you a job on campus.

Hourly pay $12 per hour
ASAPFederal Work-Study awards dependent on federal allocation funding each year.
Outside ResourcesVariesVariedASAPStudent must disclose any outside resources. This includes tuition payments and any outside scholarships. Could reduce need-based federal, state or college aid. All aid not to exceed cost of attendance.
Veterans BenefitsVariesVeterans of the U.S. Armed ForcesASAPFAO Tracks VA benefits but aid does not impact federal eligibility.
Federal Direct Subsidized LoanUp to $5500 annual or $1833 per termUndergraduate students only – based on financial need. No interest charged while enrolled at least half-time. Annual and Cumulative limits apply. Amount varies based on grade level and degree program.

Interest rate = 4.45%.
ASAP
Federal Direct Unsubsidized LoanUp to $6833 per term depending on program of enrollment for undergraduate or Masters Degree Programs

*Eligible Doctoral students receive up to $13500 per term
All students enrolled at least half-time. Not based on need. Interest accrues while in school. Annual and cumulative limits apply. Amount varies based on grade level and degree program. Interest rate = 4.45% for Undergraduate students and 6% for Graduate studentsASAP
*Federal Direct Parent PLUS & Federal Direct Graduate PLUS LoanVariesGraduate students enrolled at least half-time. Not based on need. Interest accrues while in school. Amount varies based on cost of program and other aid received. Requires passing a credit check. Interest rate = 7%ASAP

Important Note:  We highly recommend you fill out the FAFSA as soon as you can after January 1 to ensure that you do not miss out on available aid.

One thing to consider, however, is that the FAFSA asks for your tax return information for the current year. Often, this information might not be available until the end of January, at the earliest. Keeping this in mind, you can choose to either wait until you or your family files income taxes for the year or complete your FAFSA using estimates derived from the previous year’s tax returns and other documentation. (Note: If you do this, you will need to return later and correct any discrepancies between the estimated values and the current year’s tax returns.)

* Awaiting U.S. Department of Education approval to offer Federal Title IV Aid funding on undergraduate degree completion programs. These aid types currently unavailable at NUNM and listed as examples of estimated aid availability. All amounts listed represent approved funding levels for 2015-2016 academic year at eligible institutions in Oregon.