2011 General CataloG & announCement of Courses - Ventura College

Where the Money Comes from
Federal Government
The federal government is our largest source of student financial
aid today. It allocates funds to the Ventura County Community
College District each year after our application for funds has been
approved. It is the function of each individual college (Moorpark,
Oxnard, and Ventura) to disburse funds to as many eligible students
as possible. The amount of money earmarked by Congress for
financial aid can fluctuate from year-to-year so that the amount of
aid we offer might also vary. All information is subject to change
without advance notification.
FEDERAL PELL GRANT:
The Federal Pell Grant program provides need-based grants to
qualified undergraduate students.
FEDERAL SUPPLEMENTARY EDUCATIONAL OPPORTUNITY
GRANTS:
The Federal Supplemental Educational Opportunity Grant (FSEOG)
is a need-based federal grant available to undergraduate students
with the most exceptional need.
ACADEMIC COMPETITIVENESS GRANT:
The Academic Competitiveness Grant (ACG) program provides
a grant for a maximum of two years of undergraduate study to
students who successfully completed a rigorous high school
program as determined by the state or local education agency
and recognized by the Secretary of Education. Students must be
eligible for a Federal Pell Grant and enrolled at least half-time in an
eligible program. Second year students must also have maintained
a cumulative grade point average (GPA) of at least 3.0.
CAL GRANTS:
Cal Grant Recipients are selected by the California Student Aid
Commission. To apply for the Cal Grant Program, you must submit
the FAFSA and a Cal Grant GPA Verification form by March 2nd.
If you do not meet the March 2nd priority filing deadline, you may
have a second chance to compete for a Cal Grant by filing the
FAFSA and GPA Verification form by September 2nd.
There are two types of Cal Grant B awards: Entitlement
and Competitive.
CAL GRANT B ENTITLEMENT AWARD:
Every graduating high school senior who has at least a 2.0
GPA, meets the financial and academic requirements, and files
the FAFSA and GPA Verification form by the March 2nd deadline
will receive a Cal Grant B Entitlement award
Other eligible students who have at least a 2.0 GPA may apply for
a Cal Grant B Competitive award. Selection is based on a composite
score that takes into consideration your family's income, assets,
parents' educational level, GPA, and other factors.
CAL GRANT C:
Cal Grant C is a competitive grant award available to eligible
students who are pursuing a vocational degree program. Cal Grant
C recipients are selected by the California Student Aid Commission.
Federal Work Study
Federal Work Study (FWS) is an allotment of money awarded
to an eligible student to be earned from part-time employment on
campus. Working on campus is more than just a way to pay for
college. Federal Work Study students learn valuable skills, make
important campus connections, and build on their resume.
Loans
Ventura College participates in the William D. Ford Federal
Direct Loan Program. The U.S. Department of Education is the
lender for the William D. Ford Federal Direct Loan Program. The
Federal Direct Loan program offers loans at a low interest rate with
repayment terms designed with students in mind. In most cases,
you will not have to start repaying your loans until six months
after you graduate and/or enroll less than half time. Direct Loans
include Subsidized and Unsubsidized Student Loans and Parent
Loans for Undergraduate Students (PLUS).
Loans must be repaid with interest so it is important to understand
your rights and responsibilities as a borrower. All borrowers are
required to complete Loan Entrance/Exit Counseling.
Satisfactory Academic Progress
Federal regulations require that the Financial Aid Office establish
a Satisfactory Academic Progress policy that measures a student's
academic progress toward their goal. These standards include both
qualitative and quantitative measures. Students must enroll in and be
making Satisfactory Academic Progress toward an eligible program
in order to maintain eligibility for financial aid. These standards
apply to all financial aid applicants and the evaluation of progress
applies to all college coursework on record with the college. A copy
of the Standards for Satisfactory Academic Progress is available
in the Financial Aid Office.
Return of Title IV Funds
Who is affected?
Federal financial aid recipients who withdraw, drop, or fail all
courses in a term before completing more than 60% of the term are
subject to repayment of all or a portion of the federal aid received.
Determination of Withdrawal Date
The date of withdrawal is based on the official records of the
college in accordance with federal regulations. The federal repayment
calculation is called Return to Title IV (R2T4). The amount to be
repaid is based on a comparison of the amount the student was
eligible to receive in federal aid and the length of time enrolled
for the term. If a student stays enrolled for more than 60% of the
term then the student is considered to have earned all of the aid
received.
Repaying the Debt
You will be notified if you are required to repay a portion of your
aid and will have 45 days to repay in full. If the amount owed is
not repaid within the 45 days the debt will be referred to the U.S.
Department of Education, and you will not be eligible to receive
any additional federal financial aid at any school until the amount
due is repaid in full, or satisfactory payment arrangements have
been made with the U.S. Department of Education.
*Federal aid includes the Pell Grant, Supplemental Educational
Opportunity Grant, Academic Competitiveness Grant, and Stafford Loans.
Ventura College Catalog 2010 - 2011 Appendices 247