State and Federal Aid

State and federal aid is governmental scholarships given to students that fit certain criteria.

Cal Grant - Up to $9,708 (estimated), the largest source of free money for college funded by the State of California, administered by the California Student Aid Commission. Simpson University is a qualifying college in California. Submit the FAFSA (Free Application for Federal Student Aid) and a verified GPA to the California Student Aid Commission no later than March 2, 2008.

Pell Grant - Up to $4,050, the largest source of gift aid from the federal government. When the FAFSA is filed, a student is automatically considered for the grant.

Federal Supplemental Educational Opportunity Grant (FSEOG) - Up to $4,000, for students who have exceptional financial need.

Federal PLUS Loan - Amounts vary, and are for parents who need to borrow for their dependent child's undergraduate education. To qualify, parents must be U.S. citizens or eligible non-citizens, have a valid Social Security number, and pass a credit check.

Federal Stafford Loan - See the below chart for loan amounts. The Stafford loans are the largest source of federal aid given to qualified students. There are two types of Stafford loans: subsidized, for which the government pays the interest while students are in school, and unsubsidized, for which students pay all the interest on the loan.

Academic Year	Dependent Student	Independent Student	Additional Unsubsidized	Total Subsidized & Unsubsidized
First Year (Freshman)	$3,500	$3,500	$4,000	$7,500
Second Year (Sophomore)	$4,500	$4,500	$4,000	$8,500
Third (Junior) & Remaining Years	$5,500	$5,500	$7,000	$12,500
Graduate & Professional	-	$8,500	$12,000	$20,500