Facts & Resources
=====================Financial Aid Office Hours during Spring 2017 (2/6/2017 - 6/5/2017)
|Monday||8 am - 4 pm|
|Tuesday||8 am - 4 pm|
|Wednesday||8 am - 6 pm|
|Thursday||8 am - 6 pm|
|Friday||8 am - 12 pm|
Financial Aid Rep in the Library Spring 2017 hours
10:30 am - 3:30 pm
2:30 pm - 4:30 pm
9:00 am - 12:00 pm
1:30 pm - 6:30 pm
10:00 am - 12:00 pm
4:30 pm - 6:30 pm
|Friday||10:00 am - 3:30 pm|
Financial Aid Office
6201 Winnetka Avenue
Woodland Hills, CA 91371
Financial Aid Email:
Financial Aid Office Phone #: 818-719-6428FAX: 818-704-8221
Federal School Code: 001226
Veterans Services Email:
Veterans Phone #: 818-710-3316 ext 3316
Guardian Scholars Email:
Financial Aid Programs
To receive full consideration for Pierce College awards, you must submit the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA by March 2nd priority application deadline. Students who want to apply for limited funding programs (such as Federal Work-Study, Federal Supplemental Education Opportunity Grant, and Perkins Loan) will need to submit/complete their financial aid file by May 1st priority funding deadline.
Late applications will only be considered for the Federal Pell Grant and the Federal Stafford Loans. Please note that applying for financial aid late may cause delay in funding.
|Grants are gift-aid, which do not have to be repaid.|
Board of Governors Fee Waiver Program (BOGFW)
Cal Grant B and C
If you have been awarded a Cal Grant, we recommend that you create a WebGrants account to track your Cal Grant eligibility. Go to https://mygrantinfo.csac.ca.gov/logon.asp
Chaffe Grant is a grant administered by the California Student Aid Commission (CSAC). The Chaffe Grant provides financial assistance to former and current foster youth for college and vocational training. Awards range up to $5,000. For more information contact the CSAC Specialized Programs Operation Branch at (888) 224-7268 or at www.chafee.csac.ca.gov
Federal PELL Grant
NOTE: If your enrollment is less than full-time, you may not be eligible for a Pell Grant disbursement based on your EFC.
Attention: In December 2011, President Obama signed into law the Consolidated Appropriations Act, 2012 (Public Law 112-74). This law has significantly impacted the Federal PELL Grant Program. Effective July 1, 2012, students are now limited to 12 full-time semesters (or 600%) of Federal PELL Grant eligibility during their lifetime. This change affects all students regardless of when or where they received their first Federal PELL Grant. Click HERE for more information about the Lifetime Eligibility Usage for PELL Grant.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Work-Study (FWS)
FWS funds are earned through part-time employment authorized by the Financial Aid Office. If your Award Letter includes FWS, the Financial Aid Office will provide specific instructions on how to find a job, the required paperwork and the rules and regulations governing the program. The FWS amount listed on your Award Letter is the maximum dollar amount you can earn through your assignment. You will be paid bi-weekly depending on hours worked and will not receive payment for any unearned funds remaining at the end of the academic year.
There is a minimum unit enrollment requirement of six (6) approved units at Pierce College to qualify for this award. If you have any questions, please contact the Financial Aid Office.
|Loans (self-help aid) are funds which must be repaid.|
Loans are sources of financial assistance that allows you to spread the cost of education during the academic year. Federal Student Loans are not automatically included on the student's award package. Students are not required to borrow a Federal Student Loan.
Loans are serious legal obligations. They must be repaid. We urge all first-time borrowers to spend some extra time learning about the loan process so that they can make informed choices throughout their education. Types of loans available:
To learn more about federal student loans, click HERE.
Federal student loans are processed in a similar manner to the Federal Pell Grants within the LACCD. As such, the academic year for federal student aid programs (including student loans) starts with the fall semester and ends with the following summer semester. This means that if you borrowed the maximum annual loan limit for the academic year (fall and spring), you will have no remaining loan eligibility for the summer semester at Pierce College and within the LACCD. Please keep this in mind if you plan to continue to enroll in the LACCD as your future borrowing during fall and spring semesters will impact your ability to borrow during summer semesters.
Federal Perkins Loans
The Federal Perkins Loan is a federally funded, low-interest loan program for undergraduate and graduate students with exceptional financial need. Awards are based on calculated financial need as demonstrated by the information students provide on the FAFSA and the availability of funds. The current interest rate is 5%. Interest does not accrue while the student is enrolled at least half-time in a degree-seeking program. Repayment begins nine months after the student leaves college or drops below half-time enrollment. Colleges are given a very limited amount of funding for this program. Preference is given to students with exceptional financial need who meet Pierce College’s priority application deadline and enroll in at least six (6) approved units at Pierce College. Students must sign a promissory note before these funds are authorized for disbursement.
Federal Direct Loans (subsidized)
Direct Subsidized Loans are loans to eligible undergraduate students who demonstrate financial need to help cover the cost of higher education. These loans are processed through the U.S. Department of Education. Under this program, the federal government will pay the interest on behalf of qualified borrowers for as long as the borrower is enrolled at least half-time in a degree-seeking program and for six months thereafter. Students must also maintain satisfactory academic progress towards completing their degree requirements.
The annual maximum award is tied to the student’s academic class and ranges from $3,500 for first year grade level to $4,500 for second year grade level. Grade levels are defined as follows: Grade level 1 = 0 to 30 units; Grade level 2 = 31 to 60 units.
Click HERE for additional information about federal student loans.
Federal Direct Loans (unsubsidized)
Eligibility for the Unsubsidized Direct Loan is not based on a family’s demonstrated need. The Department of Education is the lender under this program. The government does not pay the interest on behalf of borrowers under the Unsubsidized Direct Loan Program. The student borrower can choose either to make periodic payments of the interest or to have the interest added back into the principal of each loan. Origination fee may be charged by the Department of Education and deducted from each Direct Loan disbursement.
Students must complete and submit the FAFSA in order to be considered for the unsubsidized loan. The annual loan amount a student may borrow is $6,000.
Click HERE for additional information about federal student loans.
Federal PLUS Loans
PLUS Loans are loans made to parents of dependent undergraduate students to help pay for educational expenses not covered by other financial aid. A creditworthy parent of a dependent undergraduate can apply for Federal PLUS loan. Federal PLUS loans are not based on demonstrated need and may be used to replace all or portions of the calculated family contribution for students who completed a FAFSA. The annual maximum for this loan depends on the cost of attendance and other financial aid received.
Click HERE for additional information about Direct PLUS Loans.
What is the Student Loan Process?
To apply for a federal student loan, you must first complete and submit a Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. Based on the results of your FAFSA, we will determine your eligibility. Students must have been notified of their award letter before a student may submit the Student Loan Data Form. Read the Pierce College Student Loan Information Guide for details and loan process.
To apply for a student loan during 2016-2017 academic year, go to www.piercecollege.edu/offices/financial_aid/forms and download the Student Loan Data Form. Complete the form electronically and submit to the Financial Aid Office before the established deadline. Go to the financial aid website to view the financial aid deadlines for 2016-2017.
Please note that any loans borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS) at www.nslds.ed.gov and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
New Student Loan Borrower:
New student loan borrowers need to complete additional requirements: