Types of Aid
Federal Grants – Available to undergraduate students only. May not have earned a bachelor’s degree. Pell Grants and Supplemental Educational Opportunity Grants (SEOG) are based on need and do not need to be repaid.
State Grants – May be available for undergraduate and professional students. These often have deadlines. Check with your state for additional information.
Undergraduate students from Missouri must have completed the FAFSA by April 1st to be considered.
Doctor of Chiropractic students from Arkansas, Oklahoma and Mississippi have received state grants.
Federal Work Study - Available for undergraduate and graduate/professional students and based on need. Part-time job on campus in which the student receives a bi-weekly paycheck for the hours worked.
Federal Perkins Loan - Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need. Under this program, the school is the lender.
William D. Ford Federal Direct Loans - For undergraduate and graduate/professional students. Under these programs, the U.S. Department of Education is the lender. These loans have a six-month grace period after the student is no longer enrolled at least half-time in a degree program and before the first payment is due.
Available to undergraduate students with financial need. The U.S. Department of Education pays the interest on these loans while the student is enrolled at least half-time and during the six-month grace period.
- Direct Unsubsidized:
Available to undergraduate and graduate/professional students regardless of financial need. The student is responsible for the interest, which may be paid while in school or accrued and then added to the principle balance.
- Direct PLUS Loans:
Available to graduate/professional students and parents of dependent undergraduate students to help pay for expenses not covered by other financial aid.
William D. Ford Federal Direct Loan Limits
- Undergraduate Programs – The annual loan limit is determined by the borrower’s year in school and their dependency status. The aggregate limits for an undergraduate student are outlined below.
($23,000 subsidized, $31,000 unsubsidized)
($23,000 subsidized, $57,500 unsubsidized)
- Master Degree Programs and Doctor of Health Professions Education Program – The maximum amount of student education loans is limited federally to $20,500 per academic year and cannot exceed a maximum borrowing amount of $138,500. The aggregate limit includes undergraduate loan debt and applies to students enrolled solely in these programs.
- Doctor of Chiropractic Program – Chiropractic is an approved discipline eligible for increased Unsubsidized Direct Loan amounts. The additional amount, up to $12,500 per academic year can be awarded only to students enrolled in the DC program. This means a DC student may receive up to $33,000 total per academic year (or every two trimesters.) The limits may not exceed the cost of attendance budget. The aggregate limit for eligible students is $224,000. These limits include all loans made to the student for all attendance, including loans received as an undergraduate and/or graduate student.
Alternative/Private Loans – Available to undergraduate and graduate/professional students. Under this program, a bank is your lender. These are credit based nonfederal loans. The Office of Financial Aid has researched and created a preferred lender list based on the high quality of If you would like additional information regarding the preferred lenders, please speak with a Financial Aid Advisor. You may choose any lender for this type of loan, they do not have to be included on the preferred listing.
Please note: A borrower may qualify for federal grants and loans, and the terms and conditions of federal loans may be more favorable than the terms and conditions of alternative/private education loans.
For additional details regarding federal student grants and loans, please visit studentaid.ed.gov.