Programs and Grants for CAPS

Federal Pell Grant

This need-based grant pays up to $4,050 annually and is renewable while you are an undergraduate degree student. Award amounts are based on financial need, the cost to attend school, and your status and a full-time or part-time student.

Federal Subsidized Stafford Student Loan

Stafford loans are Federally funded educational loans available through private lenders. The annual fixed interest rate is 6.8%. The Federal government pays the accruing interest rate while the student is enrolled on at least a half-time basis and for up to 6 months after the student graduates or ceases to be enrolled on at least a half-time basis.

Maximum loan amounts: $3,500 (Freshmen), $4,500 (Sophomores), $5,500 (Juniors), $5,500 (Seniors).

Federal Unsubsidized Stafford Student Loan

This is also a Federally funded educational loan available through private lenders. Dependent students whose parents have been declined for a PLUS loan may receive an Unsubsidized Stafford loan. In addition, students who do not demonstrate sufficient need for a subsidized loan may also receive this loan. The annual fixed interest rate is 6.8%.

New Jersey Tuition Aid Grant (TAG)

TAG is a State grant that may cover up to the cost of tuition. The amount varies based upon your needs, the cost for attendance, and available funding. Grants are renewable annually according to eligibility. To qualify, you must be a New Jersey resident for at least twelve consecutive months prior to enrollment, be a U.S. citizen or eligible non-citizen, registered with the Selective Service (if required) and be a full-time undergraduate student at an approved New Jersey college.