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Financial Aid

Financial Aid Overview


The federal government is the single largest source of funding in education. Federal aid is primarily need-based assistance— financial aid that supplements a family's ability to fund a college education. Essentially, the government attempts to reduce the gap between college expenses and the amount of money a family is able to provide for the cost of higher education.

Federal aid is the most common type of financial aid awarded by Financial Aid Offices across the nation. A student’s eligibility for federal aid is determined by the information provided on the Free Application for Federal Student Aid (FAFSA). Using the information on the FAFSA, the U.S. Department of Education determines a student’s Expected Family Contribution (EFC). This number is the amount that your family, according to the federal government, should be able to contribute toward a student’s higher education during the course of an academic year.

Federal aid includes the Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), the Federal Work-Study Program,  the Federal Direct Subsidized and Unsubsidized Loan Programs, and the Federal Direct PLUS Loan Program. These awards are considered federal funding and the maximum amounts offered in a student’s award package depend on the institution’s specific cost of education or are determined by federal regulation.


Federal Direct Loan Overview and Borrowing Limits

There are two types of Federal Direct Loans and a student's eligibility is determined after their Free Application for Federal Student Aid (FAFSA) has been reviewed.

  • Direct Subsidized Loans are interest-free while a student is enrolled in college at least half-time and during a six-month grace period after the student leaves school.
  • Direct Unsubsidized Loans accrue interest while a student is enrolled in college. The student can choose to pay the interest each month while in school or allow the interest to accumulate.

Loan-borrowing limits for each academic year are dependent upon the student's class level and can be found here.

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Office of Financial Aid
Kennard-Washington Hall (KWH) 101
118 College Dr. #5101 Hattiesburg, MS 39406

Hattiesburg Campus

Fax 601.266.5769

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Student Services One Stop
Hardy Hall, First Floor
730 East Beach Blvd. 
Long Beach, MS 39560

Gulf Park Campus

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