Federal & State Aid

Federal Programs

All federal awards are determined by financial need as calculated using the information supplied on the FAFSA (Free Application for Federal Student Aid).

  • Grants: Two programs provide outright grant funds, which do not need to be repaid. Federal Pell Grants provide a maximum award of $6,095 for the 2018-2019 award year; Federal Supplemental Educational Opportunity Grants range from $100 to $4,000 annually.
  • Work-Study: These funds provide a portion of the wages paid to students who are awarded campus jobs as a part of their financial aid packages. Students apply for positions during orientation. Student employees work approximately 8 to 10 hours per week and are paid bi-weekly.
  • Federal Stafford Loans: These 5.045% fixed rate loans enable students to borrow directly from the Department of Education. Interest is paid by the government on subsidized Stafford loans, which are need-based. Interest accrues on the unsubsidized Stafford loans while the student is in school. Student loan repayment is deferred until six months after graduation or after a student stops attending college at least half-time. Additional unsubsidized Stafford loans are available to dependent students whose parents are not approved for the Federal PLUS loan. This loan is in addition to the student's Federal Stafford Loan.

All first-time borrowers are required to complete Entrance Counseling and a Master Promissory Note at studentloans.gov. School certification is required for disbursement and will take place after the loan application process is complete. 


Dependent Student1

Independent Student2

1st-year undergraduate

$5,500 (maximum $3,500 subsidized)

$9,500 (maximum $3,500 subsidized)

2nd-year undergraduate

$6,500 (maximum $4,500 subsidized)

$10,500 (maximum $4,500 subsidized)

3rd and 4th-year undergraduate

$7,500 (maximum $5,500 subsidized)

$12,500 (maximum $5,500 subsidized)

   1 Except those whose parents are unable to borrow a PLUS loan.
   2 These limits also apply to dependent students whose parents are unable to borrow a PLUS loan.  

Aggregate Limits for Stafford Loans

  • $31,000 for dependent undergraduate students excluding those whose parents are unable to borrow a PLUS loan (no more than $23,000 may be subsidized)
  • $57,500 for independent undergraduate students and dependent undergraduates whose parents are unable to borrow a PLUS loan (no more than $23,000 may be subsidized)

Direct Subsidized Loan Time Limitation

Effective July 1, 2013, first-time and new Federal Direct Subsidized Loan borrowers are limited in the amount of time they qualify for an interest subsidy. Students who have exceeded 150% of the published length of their current educational program will be ineligible for additional Federal Direct Subsidized Loans (though you may borrow a Federal Direct Unsubsidized Loan) and will be responsible for interest on all loans accruing after exceeding the 150% limit.

New borrowers are defined as students with no outstanding federal loan principal balance when they take out a new loan. Transferring between programs does not reset loan eligibility. Interest not paid will be capitalized, effectively increasing your loan principal upon repayment.

FAFSA Process and Requirements for Federal Verification

The U.S. Department of Education uses the IRS Data Retrieval Process, which allows students and parents to have IRS tax data transferred into the FAFSA. When completing the FAFSA at www.fafsa.ed.gov, students will be prompted to use the retrieval process if they are eligible to do so. We strongly encourage students to utilize this process if at all possible. When completing the FAFSA online using the retrieval process, pop-up boxes will appear in situations where additional information is needed that is not available from the IRS data.

The Department of Education randomly selects FAFSA records for a process known as "verification." Colleges are required to confirm or verify specific data elements from the FAFSA according to current federal regulations. The Office of Financial Aid is not able to accept copies of tax return documents. Students selected for verification will be required to submit official IRS transcripts for themselves and their parents to the college unless they use the data retrieval process and do not make any changes to that data. All students selected for verification will need to complete a Verification Worksheet (find one on our Forms page) and will be notified if additional documents are needed.

State Aid for Georgia Residents

You qualify as a Georgia resident if your permanent address was in the state of Georgia for the 12 months immediately preceding your enrollment at Agnes Scott. To apply for the following Georgia grants, you must submit both the FAFSA and the Georgia Student Finance Commission's GSFAPPS application at GAfutures.org, and submit proof of legal residency along with a Georgia Residency Form (find one on our Forms page) to the Office of Financial Aid.

  • The HOPE Scholarship: This is a non-need-based grant for Georgia residents who have recently graduated from high school with a 3.0 average or better. For 2018-2019, the full-time HOPE amount is $4,178. To maintain HOPE eligibility each year, students must maintain a grade point average of 3.0. HOPE funds can only be received for 127 attempted hours of study. Students may receive either HOPE or Zell Miller but not both.

  • The Zell Miller Scholarship: Georgia residents who graduate from high school with a 3.7 or better grade point average and have at least a 1200 on the SAT qualify for the Zell Miller scholarship. The full-time Zell Miller award for 2018-2019 is $4,616. To maintain eligibility each year, students must maintain a grade point average of 3.3. Zell Miller funds can only be received for 127 attempted hours of study. Students may receive either HOPE or Zell Miller but not both.
  • The Tuition Equalization Grant (TEG): This non-need-based grant is awarded to Georgia residents attending an eligible private college or university full-time. The amount for 2018-2019 is $950. The TEG can only be received for 127 attempted hours of study. 

All students receiving federal or state aid must maintain Agnes Scott College's Standards of Satisfactory Academic Progress.