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MU Home » Financial Aid

Federal Aid

Most federally subsidized financial aid resources are classified as “need based” programs. Accordingly, the submission of the FAFSA to the processor using an approved “needs analysis” formula is required.

Federal programs include: Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Work Study Program, Perkins Loan, Federal Direct (student) Loan (subsidized and unsubsidized). The Federal Pell Grant is an entitlement. The SEOG, Work Study and Perkins Loans are awarded at the discretion of the institution. The SEOG and Perkins programs are awarded to students with exceptional financial need. Methodist University has defined exceptional need as Pell Grant eligible.