Federal Funding Sources
To apply for any of these federal funding sources, students must complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov.
Federal Pell Grant
The Federal Pell Grant is generally awarded to undergraduate students with financial need who have not earned a bachelor's or professional degree. Pell grants for the 2006-2007 school year ranged from $400 to $4,050 per year.
The Expected Family Contribution (EFC) will determine eligibility and the amount to be received. If eligible, the amount paid will depend on full-time or part-time student status and whether the student attends school for a full academic year or less.
The school code for Johnston Community College is 009336.
Federal Supplemental Opportunity Grant
The Federal Supplemental Educational Opportunity Grant (FSEOG) is a smaller grant that is awarded to students with the greatest financial need, i.e., lowest Expected Family Contribution (EFC). Limited funds are provided by the federal government and are awarded by the JCC Financial Aid Office to both full-time and part-time students. Therefore, when the funds have been awarded, there will be no additional funds for the academic year.
Federal Work-Study Program
Federal Work-Study provides part-time jobs for students with financial need, allowing them to earn money to help pay education expenses. Most of the on-campus work is clerical in nature. Students will be paid monthly for the number of hours worked. Eligible students may work up to 20 hours per week. The rate of pay is at least the federal minimum wage.
Title IV Federal Student Loan Programs
The HCERA (Health Care and Education Reconciliation Act of 2010) provides that, after June 30, 2010, no new student loans will be made under the Federal Family Education Loan (FFEL) Program. Therefore, beginning July 1, 2010, all new subsidized and unsubsidized Stafford Loans made to students, PLUS loans made to parents and to graduate/professional students, and consolidation loans made to borrowers, can only be made under the William D. Ford Federal Direct Loan (Direct Loan) Program.
Therefore, JCC offers Federal Direct Loans to students and Federal Direct PLUS loans to parents through the Federal Direct Loan Program. Student Loans are borrowed money that must be repaid with interest.
Students must be enrolled at least half-time to apply for a Direct Loan. The amount students may borrow will be determined by a number of factors, including whether they are first-year or second-year students, whether they are dependent or independent students, and whether or not they have unmet financial need.
In addition to the FAFSA, students must complete a JCC Direct Loan Worksheet. Be sure to follow all instructions for your application to be processed.
Additional information is available at www.studentloans.gov.
JCC's Code of Conduct prohibits any conflict of interest with respect to Title IV Loans.