Annual Report 2010-2011 - Flathead Valley Community College

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Financial Aid Report Year End 2010-2011
Types of Federal and State Assistance 2010-11
Amount # of Students
Academic Competitiveness Grant (ACG) 28,819 41
Pell Grant (PELL) 5,080,393 1449
Supplemental Educational Opportunity Grant (SEOG) 38,670 93
State SEOG 12,890 29
Federal Work-Study 50,058 64
State Work-Study 80,340 71
Direct Student Loans 6,267,684 1073
Direct Parent PLUS Loan 10,308 1
Montana Baker Grant (formerly MTAP) 119,229 149
MGSLP Grant No Funding 0
Montana Higher Education Grant (MHEG) 37,995 88
Governor’s Post Secondary Scholarship 226,000 231
SINEW Grant Scholarship 74,025 59
TRIO Grant 62,972 136
Student Assistance Foundation Access Grant 60,126 94
Subtotal of Federal and State Funding 12,149,509 1717**
Other Assistance
Bureau of Indian Affairs Grant (BIA) 17,577 5
Americorp Education Awards 51,505 34
Alternative Student Loans 23,182 5
Job Service, Vocational Rehabilitation and other Agencies 1,186,892 323
Veterans’ Chapter Benefits and Military Tuition Assistance 1,318,169 142
Scholarships 493,893 423
Athletic Tuition Waivers 45,173 31
Tuition Waivers 535,457 366*
Emergency Student Loans 1,400 28
Subtotal of Other Assistance 3,673,248 1056**
Grant Total of Assistance 15,822,757 2290**
During fiscal year 2010, the Financial Aid Office made awards to and/or processed assistance for 2290 students.
We had 2801 degree/certificate seeking students for 2010-11. Of those, 2070 or 74% received some type of aid processed through our office
Our 2009 Cohort Default rate is 6.5%, compared to 3.5% in 2008 and 1.9% in 2007. The increase is mostly due to a calculation change by the Dept. of Ed.
* Senior Citizen waivers have been removed. We had 341 Seniors take advantage of educational opportunitie
**Unduplicated Coun