J o h n F K e n n e d y U n i v e r s i t y

Grants and ScholarshipsGrants and scholarships are gifts of money that do not haveto be repaid. These funds are extremely limited.Federal Pell Grants are federally funded entitlements for lowincomeundergraduates. Grant amounts range from $400 to$4,050 per year and are prorated for half-, three-quarter-, andfull-time enrollment. Eligibility is based on financial need.Federal Supplemental Educational Opportunity Grants(FSEOG), federally funded grants for undergraduates, rangefrom $200 to $2,000 per year. Eligibility is based on extremefinancial need and priority is given to students with extremelylimited resources.Cal Grants A and B provide scholarship funds toundergraduates to cover tuition and most fees. Cal Granteligibility is determined by the California Student AidCommission and is based on grade-point average andstudent’s or parent’s financial need.Assumption Program of Loans for Education (APLE) is a programthat assumes partial federal student loan repayment. Itis for students enrolled in the teaching credential program atJohn F. Kennedy University.John F. Kennedy University Scholarships are institutionallyfunded awards for graduate and undergraduate students.Scholarships range from $250 to $2,000 per year; they aredesigned to reduce students’ reliance on loans and enableadditional students to attend the university. Eligibility is basedon extreme financial need.Other grants and scholarships are periodically available fromthe university and outside sources (e.g., private foundations).Notices regarding the application process for these awardsare posted on the financial aid bulletin board and at all JohnF. Kennedy University centers. A binder with all currentscholarships is available in the Financial Aid Office. A list ofscholarship search websites is also available in the FinancialAid Office. Scholarships currently available at the universityinclude:• Joy Feinberg Scholarship (for museum studies students)• Olga Kendall Scholarship• Jacqueline Kennedy Scholarship• Management Scholarship• Marin Educational Foundation Scholarship• Soroptomist Training Award• Alice Walker Scholarship (for students of color)Further information regarding private sources of financialassistance is available in the Fisher Library.John F. Kennedy University welcomes contributions to the universityscholarship fund. All contributions are tax deductibleand may be sent to John F. Kennedy University, Office ofUniversity Advancement, 100 Ellinwood Way, Pleasant HillCA 94523-4817.LoansLoans are funds that must be repaid with interest. Studentsshould check with the Financial Aid Office for currentinformation on loan limits, interest rates, and terms.Federal Perkins Loans (formerly NDSL) are 5 percent interestloans for graduate and undergraduate students. They areawarded by the Financial Aid Office from funds consisting ofa federal contribution, university contribution, and repaymentfrom previous borrowers. Most Federal Perkins Loans rangefrom $3,000 to $6,000 annually. Repayment begins ninemonths after graduation, withdrawal, or cessation of half-timeenrollment. Repayment may take up to ten years. Eligibilityis based on unmet financial need. These funds are extremelylimited.Federal Stafford Loans (subsidized and unsubsidized) arelong-term, low-interest loans that are available from a bank,credit union, or other financial institution. Both undergraduateand graduate students are eligible for Federal Stafford Loans.Graduate students may borrow up to $18,500 per academicyear; lower-division undergraduates, up to $6,625 for the firstacademic year and $7,500 for the second academic year; andupper-division undergraduates, up to $10,500 per academicyear.Subsidized Stafford Loan repayment begins and intereststarts to accrue six months after graduation, withdrawal, orcessation of half-time enrollment, and can take up to tenyears. There are additional repayment plans which mayextend the repayment time. Interest charged on new loans isfixed at 6.8 percent. Eligibility is based on financial need.The Unsubsidized Federal Stafford Loan was created formiddle- and higher-income borrowers. With the exceptionof demonstrating financial need, the Unsubsidized FederalStafford Loan has the same eligibility criteria as the regularFederal Stafford Loan. Family income or poor credit will notaffect loan eligibility or disqualify a student from obtaining anUnsubsidized Federal Stafford Loan. Loan limits and interestrates are the same as those for the regular Federal StaffordLoan. Interest on new loans is fixed at 6.8 percent. UnlikeSubsidized Stafford Loans, interest does begin accruing afterthe loan is disbursed.U.S. Department of Education regulations (Code of FederalRegulations §34CFR682.604g) requires all recipients of FederalStafford Student Loans (subsidized and unsubsidized) andFederal Perkins Loans to attend or complete an entranceinterview prior to loan certification and an exit interview priorto graduation or withdrawal from school. The exit interviewincludes information on the average indebtedness of students,the average anticipated monthly repayments on the loan,and the options available to students for repayment anddeferment of payment. Failure to complete an exit interviewcould result in a hold being placed on the student’s diplomaand academic transcripts.8 GENERAL INFORMATIONJOHN F. KENNEDY UNIVERSITY