Winter Semester:
- Winter starts must be authorized and file their FAFSA by December 1st.
- Readmits who have not attended in the
current year must be authorized and file
their FAFSA by December 1st.
- Spring Semester:
-
Spring starts must be authorized and file their FAFSA by March 16th.
-
Readmits who have not attended in the current year must be authorized and file
their FAFSA by March 16th.
In unusual circumstances, a student who missed the deadline and would have
been eligible for FSEOG, may be considered for
an award if funds are available.
FEDERAL WORK-STUDY PROGRAM (FWS)
Federal Work-Study awards enable students to work in order to earn funds to
help pay for their educational expenses. A financial
aid officer will determine whether a student
qualifies for this award. First consideration
will be the “neediest” population as well as
those students whose circumstances require employment.
In addition to the general Title IV eligibility
requirements, placement is contingent upon the
availability of funds and eligible work-sites.
Eligibility for FWS employment is also contingent upon continued satisfactory academic progress, attendance and job performance.
Both FWS jobs and funds are limited. The FWS application process and workshops take place at the start of each semester.
However, students may be placed in FWS positions
later in the semester if positions and funds
are available and the student meets the required eligibility guidelines. Interested students
should contact the Financial Aid Office.
Please Note: The award amounts shown in these program descriptions are based on appropriations authorized by the U.S. Congress and/or availability of funds for campus based programs.
FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP)
The Federal Family Educational Loan Program enables eligible applicants and
their parents to obtain a student loan to meet
their school related expenses. Federal regulations require that students must complete a FAFSA application before applying
for a student loan and meet all Title IV eligibility criteria. Students must be matriculated and enrolled in at least six credits to be eligible for a Federal Student
Loan. Before the process is completed, the students must sign a Master Promissory note and complete an Entrance
Interview online and/or with a Loan Counselor.
All first-time borrowers must meet with a Loan
Counselor. Students are also required to meet
with a Loan Counselor during their last semester
of attendance for an Exit Interview.
FEDERAL SUBSIDIZED STAFFORD STUDENT LOAN
A Federal Subsidized Stafford Student Loan is a low-interest loan authorized
by the federal government to help pay for a
student’s college costs. The in-school interest
is paid (subsidized) by the federal government.
Freshman may qualify to borrow up to $2,625
for their first academic year. Students who
have earned at least 24 credits may qualify
to borrow up to $3,500 for their second academic year. Students in the Bachelor’s program who have 60 or more credits
may qualify to borrow up to $5,500 a year.
FEDERAL UNSUBSIDIZED STAFFORD STUDENT LOAN
A Federal Unsubsidized Stafford Student Loan is for those students whose needs
analysis does not allow for part or the entire
Federal Subsidized Student Loan. The programs
have the same eligibility criteria. The main
difference is that the in-school interest is not paid by the federal government.
The interest may be paid quarterly or deferred
until repayment of the loan begins.
ADDITIONAL UNSUBSIDIZED STAFFORD STUDENT LOAN
The Federal Unsubsidized Stafford Student Loan allows an independent undergraduate
student to borrow up to $4,000 per academic
year in pursuit of an Associate degree and $5,000
per academic year in pursuit of a Bachelor’s
degree. Dependent students whose parents have been denied a Parent Loan may also apply for the
Additional Unsubsidized Loan. The interest may
be paid quarterly or deferred until repayment
of the loan begins.
