2013-2014 LBCC Catalog (complete PDF file) - LBCC Paperless ...
2013-2014 LBCC Catalog (complete PDF file) - LBCC Paperless ...
2013-2014 LBCC Catalog (complete PDF file) - LBCC Paperless ...
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Grants<br />
Federal Pell Grants<br />
Oregon Opportunity<br />
Grants<br />
L I N N - B E N T O N C O M M U N I T Y C O L L E G E 2 0 1 3 - 2 0 1 4 C A T A L O G<br />
Financial Aid Programs and Sources *<br />
Eligibility Requirements Amounts Available Special Information<br />
• Be an undergraduate student at a<br />
2- or 4-year public or private college<br />
that participates in the federal Title 4<br />
programs.<br />
• Admitted, degree-seeking students<br />
enrolled for one or more credits may be<br />
eligible.<br />
• Complete and submit the FAFSA.<br />
• Be an Oregon resident.<br />
• Be an undergraduate student at a<br />
2- or 4-year public or private college<br />
that participates in the federal Title 4<br />
programs.<br />
• Be enrolled at least half time<br />
(six or more credits per term) in a<br />
certificate- or degree-granting program<br />
Fall Term.<br />
• Amounts are based on financial need as<br />
defined by FAFSA.<br />
• Awards are based on expected<br />
family contribution.<br />
• Beginning 2012-<strong>2013</strong>, the amount for eligile<br />
students is based on financial need and<br />
meeting the filing deadline as published<br />
by the Oregon Student Access Commission.<br />
Half of published amount is awarded to<br />
eligible students enrolled in 6-11 credits.<br />
• The Department of Education will send<br />
you a Student Aid Report (SAR) indicating<br />
your eligibility.<br />
13<br />
• Oregon Opportunity Grants are transferrable<br />
to other Oregon institutions and are<br />
renewable for a maximum of 12 quarters.<br />
• Amounts are awarded by Oregon Student<br />
Access Commission.<br />
• Grant is not available for summer terms.<br />
Federal Supplemental<br />
Educational Opportunity<br />
Grants (SEOG)<br />
• Be an undergraduate student at a 2- or<br />
4-year public or private college that<br />
participates in the federal Title 4 programs.<br />
• You must prove an exceptional financial<br />
need as defined by FAFSA.<br />
• Be enrolled at least half time (6 or more<br />
credits per term) in a certificate- or degreegranting<br />
program.<br />
• $220 per term of attendance.<br />
• $660 total for the year.<br />
• SEOG is linked with Pell Grant eligibility.<br />
Work Study<br />
Federal Work Study<br />
Program<br />
• Undergraduate students and students who<br />
have bachelor’s degrees are eligible to<br />
participate.<br />
• Be enrolled at least half time<br />
(six or more credits per term) in a<br />
certificate- or degree-granting program.<br />
• Students are paid current minimum wage<br />
for work performed. Higher wages are<br />
paid to returning student workers and for<br />
jobs requiring certain skills.<br />
• Employment during the school term may<br />
not exceed 20 hours<br />
per week.<br />
• When possible, the student is placed in<br />
a job compatible with his or her career<br />
goal.<br />
Student Loans<br />
Federal Direct student loans are available; however, THEY ALL REQUIRE REPAYMENT. Think before you borrow, and borrow only what you need for educational expenses;<br />
convenience now may result in financial hardship later. Failure to repay student loans results in a damaged credit rating and makes credit difficult to obtain in the future.<br />
Federal regulations require that subsequent loan disbursements be returned to the U.S. Department of Education if at any time you enroll for and <strong>complete</strong> less than six (6)<br />
credit hours during the period of the loan as indicated on your Direct Loan application. Your loan application will be voided, and you must start the loan application process<br />
over again.<br />
Federal Direct Student<br />
Loans<br />
* Information subject to change.<br />
• Eligibility is determined by the FAFSA.<br />
• Be enrolled at least half time<br />
(six or more credits per term) in a<br />
certificate- or degree-granting program.<br />
• Effective July 31, <strong>2013</strong>, there will be<br />
a new limit on eligibility for Direct<br />
Subsidized Loans for new borrowers on<br />
or after July 1, <strong>2013</strong>. New borrowers who<br />
begin their college enrollment on or<br />
after July 1, <strong>2013</strong> will not have access to<br />
subsidized loan funds beyond 150% of<br />
the credits required for their degree or<br />
certificate program.<br />
• Loans of up to $3,500 per year are available<br />
to first-year students through the<br />
U.S. Department of Education.<br />
• Students in the second year of their<br />
programs (45+ credits) may borrow up<br />
to $4,500 per academic year.<br />
• You must first apply for a Pell Grant by<br />
completing the FAFSA.<br />
• A separate application is required for this<br />
program.<br />
• You are strongly encouraged to apply<br />
for grants administered by the state aid<br />
agencies in your state of legal residence.<br />
• Nonresidents may pick up the addresses of<br />
their state grant programs from <strong>LBCC</strong>’s<br />
Financial Aid Office.<br />
• A 1% loan origination fee is charged. This<br />
rate may be affected by federal legislation.<br />
• The interest rate on a Federal Direct Loan<br />
is fixed at 6.8 percent.<br />
• Effective through June 30, <strong>2014</strong>, interet<br />
will begin to accrue after you cease to be<br />
enrolled at least half time.<br />
• Loan repayment begins six months after<br />
you cease to be enrolled at least half time.