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| Types of Federal Financial Aid Programs | ||||||||||||||
Year Round Pell (New Summer Pell) Reminder: Financial Aid will acknowledge the same guidelines for the summer semester as the business office. Therefore, the hours you are enrolled in for the summer I and summer II sessions at the beginning of the summer semester will be used to calculate the amount of aid you will receive. Dropping or adding class for either session will not impact your aid amount after the tenth day of the semester. This is a Federal grant based on a family's financial situation. PELL awards may be received by undergraduate students who have not received a bachelor's degree at the time of application. Applications for this award must be made for each academic year by filing a Free Application for Federal Student Aid. Generally, students are required to be enrolled at least half-time. The Pell Grant is a federal program designed to provide financial assistance to those who demonstrate a need for such funds. Pell grants are intended to be the floor of a financial aid package and may be combined with other forms of aid in order to meet the costs of education. The amount of Pell Grant awarded is determined on the basis of the resources of the student, as well as that of the student's family. Student eligibility depends on several important criteria:
Federal Direct Student Loan Program Beginning in the summer 2010 semester, National Park Community College made the transition to the Federal Direct Loan Program. If you are interested in receiving a Fall loan, you will need to complete these steps. Your Federal Aid PIN# is required to complete the following. Contact the National Park Community College Financial Aid Office for additional information.
Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need, that is, students with the lowest Expected Family Contributions (EFCs) who are also Federal Pell Grant Recipients. An FSEOG award doesn't have to be paid back. FSEOG is awarded to eligible students on a first come, first served basis. Federal Direct Parent Plus Loan Program. The PLUS Loan Program makes loans available to parents of dependent undergraduate students only to pay the educational costs of students who meet the eligible student definition. To receive a PLUS loan for a student, the parent must be the student’s biological or adoptive mother or father. A stepparent may be eligible for a PLUS loan if his or her income and assets would be taken into account in the dependent student’s calculation of Expected Family Contribution (EFC). A legal guardian is not considered a parent for FSA purposes. A parent must meet the same citizenship and residency requirements as the student. The student should apply for need-based aid prior to application for the PLUS loan to be sure the loan could not be replaced with other forms of aid.
This program is designed for students who have additional need which cannot be met by other financial sources. Eligibility is determined by financial need, class schedule, and academic progress. The College arranges jobs on campus according to availability of funds. Students may earn up to the maximum amount of need when combined with other financial resources. Working hours should not conflict with class schedules. Work-study students must complete W-4 and I-9 forms in the Business Office and related paperwork with the Office of Financial Aid. |
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