Undergraduate Students

Grants

Grants do not require repayment. They are awarded to undergraduate students (working on first bachelor's degree) who demonstrate financial need. The grants listed here are coordinated and administered by the Office of Scholarships and Financial Aid.

Federal Pell Grants
Pell Grants provide a foundation of financial assistance to which other forms of aid may be added. Undergraduate students who establish eligibility for this program will receive a grant based on their estimated family contribution and the cost of attendance at Nebraska.

Federal Supplemental Education Opportunity Grants (FSEOG)
FSEOG funds are awarded on a first-come basis to Pell eligible undergraduate students on the basis of financial need who have a completed financial aid file prior to April 1, 2014. These funds are awarded to students directly by the University and are limited to the funds allocated to the University by the U.S. Department of Education.

Teacher Education Assistance for College and Higher Education Grant (TEACH Grant)
The U.S. Department of Education's TEACH Grant Program provides funds to students who are completing or who plan to complete coursework that is required to begin a career in teaching (undergraduates at UNL who are admitted into a Teacher Education Program meet this requirement), and who agree to teach full-time for at least four years as a highly qualified teacher; at a school servicing low-income students; and in a high-need field. Additional information can be found here.

Grants for Priority Applicants
The following grants are awarded on a first-come basis to qualified applicants who have a completed financial aid file.

Nebraska Opportunity Grant

Grants are awarded to undergraduate students who are Nebraska residents and demonstrate financial need as defined by state statutes.

Tuition Assistance Program Grants (TAP)

Grants are awarded to full-time undergraduate students who are Nebraska residents based on financial need and academic criteria as defined by the Board of Regents.

University Tuition Assistance Grants (UTAG)

Grants are awarded to full-time undergraduate, graduate, and law students based on financial need and academic criteria as defined by the Board of Regents.

UNL Opportunity Grants (UNOG)

Grants are awarded to full-time undergraduate students who are Nebraska residents with exceptional financial need.

Federal Work-Study

The Federal Work-Study program (FWS) provides part-time jobs during the academic year and full- or part-time jobs during the summer for students who demonstrate exceptional financial need and who must earn a part of their educational expenses. Jobs may be on- or off-campus with a public or private nonprofit agency including jobs in community service areas. Part-time FWS students work 10-20 hours per week and will receive a paycheck every two weeks for the actual number of hours worked. Salary for FWS students will be no less than the current minimum wage and will also be associated with the type of work performed and skills required. The FWS award has a maximum earning limit that cannot be exceeded. FWS funds are awarded on a first-come, first-complete basis to qualified financial aid applicants.

For the summer term, there are two types of FWS awards. Full-time FWS is only available if you do not enroll in any summer courses.  You are expected to work full-time and save 100 percent of your earnings (less taxes and transportation expenses) to be used as a resource for the upcoming academic year.  Part-time FWS is available if you are enrolled for summer at least half-time.  It provides part-time employment for students who must earn a part of their educational expenses for the summer term. 

The Career Services Office helps students find part-time employment including, but not limited to, FWS jobs.

If you have been awarded FWS as part of your financial aid package, please click here for more information about the Federal Work-Study program.

Loans

Student loan programs offer long-term, low-interest educational loans which require repayment. Students should carefully consider the amount of debt they incur and recognize their future financial obligations. Like any other debt, a student loan is a serious financial obligation.

Federal Perkins Loans
The Federal Perkins Loan program gives priority to students with exceptional need. These funds are awarded on a first-come basis to qualified applicants who have a completed financial aid file. UNL acts as the lender using funds provided by the federal government. Repayment is made to Campus Partners as the loan servicer for UNL.

  • Interest Payments while in school, grace period or deferment - The federal government does not charge interest on Federal Perkins Loans while you are enrolled at least half-time, during the 9 month grace period, or during deferments
  • Interest Rate while in repayment or forbearance - 5% fixed
  • Origination Fee - None
  • Up-front interest rebate (repayment incentive)- Not applicable
  • Borrower retains repayment incentive - Not applicable
  • Grace Period before repayment begins - 9 months
  • Repayment - Begins after you graduate, leave school, or drop below half-time enrollment. There is a 10 year repayment plan.
  • Exit Counseling - UNL must ensure that students who have borrowed Federal Perkins Loans receive exit counseling before they leave school. Information about how to satisfy this requirement will be sent to the borrower at that time.
  • Cancellation provisions - For information on Perkins Loan cancellation provisions, click here.

If you have been awarded a Federal Perkins Loan as part of your financial aid package, please click here for specific information about the Federal Perkins Loan.

Federal Direct Stafford Loans
The Federal Direct Stafford Loan program enables students to borrow money directly from the federal government. The U.S. Department of Education is the lender and delivers the loan money to you through UNL. Federal Direct Stafford Loans are made to students attending school at least half-time. Annual and aggregate loan limits vary depending on a student's grade level and dependency status. For more information on Federal Direct Stafford Loan annual and aggregate loan limits, click here.

There are two types of Federal Direct Stafford Loans - Subsidized and Unsubsidized. A student qualifies for a Federal Direct Subsidized Stafford Loan based on financial need, as determined under federal regulations. A student's need is not a factor in determining eligibility for a Federal Direct Unsubsidized Stafford Loan. It is possible for a student to have a Direct Subsidized and Direct Unsubsidized Stafford Loan for the same award year. A student can borrow a combination of loans based on the cost of education minus other financial aid up to maximum annual loan limits and/or cost of education. Important - Federal Direct Unsubsidized Stafford loans have many of the same terms and conditions as the Federal Direct Subsidized Stafford Loan (i.e., loan limits, origination/insurance fees, and deferments). However students are responsible for the interest during in-school, grace and deferment periods. Interest accruing during those periods may be paid or capitalized as agreed to by the borrower and the servicer.

Federal Direct Subsidized Stafford Loan

  • Interest Payments while in school, grace period or deferment - The federal government does not charge interest on subsidized loans while you are enrolled at least half-time, during the 6 month grace period*, or during deferments

*If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012 and July 1, 2014 you will be responsible for paying any interest that accrues during your grace period.  If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

  • Interest Rate Please visit the Department of Education website
  • Origination Fee - 1.051%
  • Up-front interest rebate (repayment incentive)- 0.0%
  • Grace Period before repayment begins - 6 months
  • Repayment - Begins after you graduate, leave school, or drop below half-time enrollment. Repayment plans are Standard, Extended, Graduated, Income Contingent and Income-Based.
  • Exit Counseling - UNL must ensure that students who have borrowed Direct Loans receive exit counseling before they leave school. To satisfy this requirement, you should visit studentloans.gov and complete Exit Counseling. Students should complete exit counseling shortly before graduating or ceasing at least half-time enrollment.
  • Cancellation/Forgiveness provisions - Under certain circumstances, the federal government will forgive all or a portion of a Stafford Loan for Teachers or Public Service Employees. For more information, visit studentaid.ed.gov.

If you have been awarded a Federal Direct Stafford Loan as part of your financial aid package, please click here for specifc information about the Federal Stafford Loans.

Federal Direct Unsubsidized Stafford Loan

  • Interest Payments while in school, grace period or deferment - The student is responsible for paying all interest on Unsubsidized Stafford Loans beginning the day the loan is disbursed.
  • Interest Rate Please visit the Department of Education website
  • Origination Fee - 1.051%
  • Up-front interest rebate (repayment incentive)- 0.0%
  • Grace Period before repayment begins - 6 months
  • Repayment - Begins after you graduate, leave school, or drop below half-time enrollment. Repayment plans are Standard, Extended, Graduated, Income Contingent and Income-Based.
  • Exit Counseling - UNL must ensure that students who have borrowed Direct Loans receive exit counseling before they leave school. To satisfy this requirement, you should visit studentloans.gov and complete Exit Counseling. Students should complete exit counseling shortly before graduating or ceasing at least half-time enrollment.
  • Cancellation/Forgiveness provisions - Under certain circumstances, the federal government will forgive all or a portion of a Stafford Loan for Teachers or Public Service Employees. For more information, visit studentaid.ed.gov.

If you have been awarded a Federal Direct Stafford Loan as part of your financial aid package, please click here for specifc information about the Federal Stafford Loans.

Federal Direct PLUS Loans
The Federal Direct PLUS Loan Program assists eligible parents in meeting educational expenses. The Federal Direct PLUS Loan allows parents to borrow up to the cost of attendance minus other resources. The U.S. Department of Education is the lender and delivers the loan money to you through UNL. Students must be attending school at least half-time to be eligible.  PLEASE NOTE: Federal Direct PLUS Loan funds are applied ahead of all other financial aid funds your student may receive, regardless of when the PLUS Loan funds are applied. 

  • Interest Payments while in school, grace period or deferment - Interest is charged on PLUS loans beginning the date the money is applied to the student's school account. Interest is charged only on the portion of the loan that has been received. Interest is not charged on portions of the loan that have not been received.
  • Interest Rate Please visit the Department of Education website
  • Origination Fee - 4.204%
  • Up-front interest rebate (repayment incentive)- 0.0%
  • Grace Period before repayment begins - None
  • Repayment - Begins 60 days after the entire Direct PLUS Loan is disbursed for a school year. For PLUS loans made to parents that are first disbursed on or after July 1, 2008, the borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis. Generally, monthly payments will include both a portion of the loan principal and the interest that is owed on the loan principal for that month. Repayment plans are Standard, Extended, and Graduated.
  • Exit Counseling - Not applicable
  • Cancellation provisions - Not applicable
 

If you have been awarded a Federal Direct PLUS Loan as part of your financial aid package, please see specifc information about the Federal PLUS Loans.