Federal Pell Grant

Offered by U.S. federal government

Federal Pell Grant is a scholarship from U.S. federal government.

• Considers financial need

What the sponsor says

A Pell Grant is money the U.S. federal government provides for students who need it to help pay for school. A Pell grant is gift aid offered to students with financial need, who have not yet earned a bachelor’s degree, and does not need to be repaid.

A federal supplemental educational opportunity grant (FSEOG) is also gift aid for students with financial need. The federal government provides 75% of these funds; the rest is provided by SSMT.

If your financial situation has changed, you can request a financial aid review.

Federal Direct Student Loans

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student’s education after high school. With Direct Loans, you borrow directly from the U.S. Department of Education and have a single contact, your loan servicer, for everything related to repayment, even if you receive Direct Loans at different schools. You can choose from several repayment plans, and you can switch repayment plans if your needs change.

Interest-Free Payment Plan

The cost of school (or any amount not covered by other aid) may be divided into monthly payments, without interest, during the period of enrollment at SSMT. Payment options can be discussed with the admissions office.

Low Interest Loans

If the cost of school is not covered by other forms of aid, SSMT has an arrangement with TFC Tuition Finance Company to offer low interest loans for the balance. Interest rates are substantially lower than the usual private education loans from banks.

IRS Tax Credits

There are two tax credits that students (or their parents) may be eligible to claim. A tax credit reduces the amount of income tax you have to pay. Unlike a deduction, which reduces the amount of income subject to tax, a credit directly reduces the tax itself. Eligible SSMT students may receive up to the maximum credit of $2,500 as a refund (or a reduction in tax liability). Students with low income who are not required to pay any income tax may be eligible for a refundable credit of up to $1,000.

The American Opportunity and Lifetime Learning Credits are detailed in IRS Publication 970. Both credits have income limits and other conditions. Consul t your accountant for details.

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Apply for the Federal Pell Grant →

Last checked 2026-08-24. Deadlines change without notice, so confirm with the sponsor before you rely on one.