Cazenovia College 2012-2013 Academic Catalog

The Federal Pell Grant is an entitlement program. The applicant must be enrolled
as a matriculated undergraduate student taking a minimum of 3 credits at an approved
postsecondary institution. Financial need is determined by a national formula applied to
all applications.
Furthermore, the student (1) must continue to make satisfactory academic progress
in the program in which he or she is enrolled; (2) cannot be in default on repayment of
any Title IV (Federal) student loan or owe a refund on any Title IV grants; (3) show
compliance with applicable Selective Service requirements.
Currently, awards range from $602 to $5,550 per academic year for full-time study.
The amount of the award will be affected by enrollment status, cost of attendance, and
financial need.
Federal Supplemental Educational Opportunity Grant (SEOG)
Students who are eligible for a Federal Pell Grant and show the highest need are
first considered for Federal SEOG. Applicants must be (1) United States citizens or
permanent resident aliens; (2) enrolled at least half-time as undergraduate students; and
(3) receiving additional financial assistance at least equal to the amount of the Federal
SEOG award. The average award at Cazenovia College is currently $200-300 per
academic year. A Federal SEOG recipient must continue to make satisfactory academic
progress.
The student must complete and submit the Free Application for Federal Student
Aid (FAFSA) to be considered.
Federal College Work Study Program
Federal College Work Study awards average $1,250 per academic year and are
awarded based on demonstrated financial need and time of application. Students work
an average of seven hours per week and are placed at approved work places throughout
campus. Student performance will be monitored by the Human Resources Office for a
determination of continued employment. Students are paid bi-weekly only for actual
hours worked. Students may use these funds to help pay personal expenses or apply the
earnings to their student billing account.
The student must complete and submit the Free Application for Federal Student
Aid (FAFSA) to be considered.
William D. Ford Direct Loan Program – For Students
A Free Application for Federal Student Aid (FAFSA) must be filed in order for a
student to receive loan funds from the Federal Direct Loan Program. Eligible students
will receive a Financial Aid Award letter indicating loan amounts and instructions on
how to apply.
To be eligible for a Federal Direct Loan, a student must (1) be a United States
citizen or permanent resident alien; (2) be enrolled at least as a half-time student; (3)
show compliance with applicable Selective Service requirements; (4) not be in default on
a Title IV (federal) loan or owe a refund on any Title IV grants; and (5) make
satisfactory academic progress.
An undergraduate student may borrow up to $3,500 as a freshman, $4,500 as a
sophomore, and $5,500 as a junior and senior. In addition, the Department of
Education allows a student to borrow $2,000 in an unsubsidized loan each year, in
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