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