2009-2010 Academic Calendar - Wor-Wic Community College

Federal Programs
Financial Information/35
Students who are interested in applying for federal financial aid are encouraged
to apply by June 1 for the fall semester and Nov. 1 for the spring semester.
Financial aid awards cannot be processed until all necessary documents
are completed. Students who are receiving federal financial aid must
maintain satisfactory academic progress in order to remain eligible to receive
these funds. More information about satisfactory academic progress is available
in the financial aid office.
PELL GRANTS -- Pell grants provide the primary source of federal financial
aid for full- and part-time students. Grant awards range from $488 to $5,350
per academic year. The amount of the award is based on the student’s financial
need, the cost of the student’s education and the number of credit hours
the student is taking. Financial need is determined by information provided
on the FAFSA. These grants do not have to be repaid.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS
(FSEOG) -- These grants are based on the student's financial need, the availability
of these grant funds and the amount of other aid the student is receiving.
Preference is given to full-time students who have maximum Pell grant
eligibility. These grants do not have to be repaid.
ACADEMIC COMPETITIVENESS GRANTS (ACG) -- These grants are for
students who are enrolled full time and receive Pell grants. Students must
have completed a rigorous program of study in high school. Students who
graduated from high school in 2005 and later are considered for these funds.
WORK-STUDY -- Students who demonstrate a need for financial aid may be
eligible for part-time jobs to help finance their education. Students can work
10 to 15 hours per week. The number of positions is limited, and students are
eligible based on their degree of financial need.
FAMILY EDUCATION LOANS -- The federal government offers a variety of
low interest loans through lending institutions. These loans are available to
students who are enrolled in six or more credit hours and who are making
satisfactory academic progress. In addition to the FAFSA, interested students
must participate in a loan entrance interview and complete a promissory
note. The federal family education loan program includes: 1) subsidized
Stafford loans, which are based on financial need, whereby the federal government
pays the interest on the loan during periods of enrollment, during
the grace period or during authorized periods of deferment and the borrower
is obligated to repay the loan within six months after graduation or when
he or she drops below six credit hours; 2) unsubsidized Stafford loans, which
are not awarded on the basis of need, whereby the federal government does
not pay the interest while the student is enrolled, but the principal amount of