Pittsburg State University - Kanza Yearbook (Pittsburg, KS)

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lt isn't difficult for a student to spend money - tuition, room and board, books, supplies, and personal expenses add up quickly. But it is sometimes difficult to find the money to spend on the high cost of education. Help may be available in Russ Hall. Grants, loans, and work programs are available to students, both part time and full time, who can prove they need financial aid to attend college. All students who need aid get it, according to G.E. Bloomcamp, director of financial aids at Pittsburg State, but the student must take the first step by filling out the proper forms. XxixxX The most proper form for every type of financial aid available at PSU is the Ameri- can College Testing Family Financial State- x E ment QACTJ. The primary criterion for all Q types of aid is financial need, and ACT is a S financial analysis service which helps deter- Q mine the student's eligibility for various -- kinds of financial aid. Eligibility depends on - ' family income, assets, number of children, ' C-,,,..-0 and number of children in college. If a stu- dent is totally independent of his family, even if he comes from an upper-middle or upper class family, he is eligible for the work-study program or a student loan. .4-iff f Z Z Marilyn Hay, assistant director of financial aids, says that the Basic Educational Oppor- tunity Grant QBEOGJ program is the most popular aid program on campus, about a third of the students take advantage of it. The BEOG is a federally run program, that is, the government, not PSU employees, de- cides which students are eligible and how much money they may receive. The grants do not require repayment, and they range in amount from S200 to S1400 per year. The amount each student receives is arrived at by subtracting computed family contributions, based on the information in the ACT, from 51400. Grants are also available through the Supple- mental Educational Opportunity Grant QSEOGJ program, but SEOG funds are award- ed only after other sources of aid have been exhausted. Funds for the SEOG program, like the BEOG program, come from the federal government and do not have to be repaid. Unlike the BEOG, however, the PSU financial aids office determines which students receive money from the SEOG program. Grants range in amount from S200 to S1500 per year. One alternative to a grant is a student loan. About 7 percent of the students at PSU use the Federally Insured Student Loan QFISLJ program. They can borrow up to S2500 a year. The interest rate on a FISL is 7 percent. A National Direct Student Loan QNDSLQ has an interest rate of 3 percent, and about 12 percent of the students on campus are attending college at least partially due to an NDSL. Recipients may be granted an amount up to S2500 the first two years of XXixxW Q Hff 6 0,72 1-:LYQLSK Q ,Mali Y we 4 Q 0000 OW 0 00 C school and up to S5000 for the last two. Ninety percent of the money used for these loans comes from the federal govern- ment, and the school provides the remaining 10 percent. Be- cause the school provides part of the funds used for the loans, the financial aids officials help decide who gets loans. Like the government, PSU uses information on the ACT to determine needs. Since 1960, when Pittsburg State initiated its financial aids 000 ook