Financial Aid

Financial Aid Programs

	Priority Funding
	To receive full consideration for LAPC awards, you must submit the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA by March 2nd primary 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 April 2nd priority funding deadline.  Late applications will only be considered for the Federal Pell Grant and the Federal Stafford Loans. In addition, awarding and disbursement may be delayed.
	Grants are gift-aid, which do not have to be repaid.
	State Grant Programs Board of Governors Fee Waiver Program (BOGFW) This program waives enrollment fees charged by our college. Since this is a waiver there is no actual disbursement of funds. If you have already paid your enrollment fees and wish to receive a refund, you may apply for one at the College Business Office. Contact your College Business Office for the deadline to request a refund. Cal Grant B and C Cal Grant B is an access grant ($1,551 for 2008-2009) and Cal Grant C is a short term vocational Grant. These state funded Grant Programs are for California residents pursuing an eligible educational program. There is a six (6) unit minimum enrollment requirement in order to be eligible for payment. Preliminary selection for Cal Grants is determined by the California Student Aid Commission (CSAC); final selection is determined by the school, based upon CSAC's regulations. For more information contact the CSAC at (888) 224-7268 or at www.csac.ca.gov. Chaffe Grant is a grant administered by the CSAC. The Chaffe Grant provides financial assistance to former and current, foster youth for college and vocational training. Awards range up to $5,000. Federal Grant Programs Federal PELL Grant Federal Pell Grants are awarded to qualified undergraduate students. Grants do not need to be repaid. Awards range from $400-$4,731. Academic Competitiveness Grant ACG)  is a federal grant given to students who meet are U.S. Citizens, Federal PELL Grant recipients, enrolled full-time, first and second year undergraduate, and completed a rigorous secondary program of study.  First year undergraduates may be eligible for up to $750 per academic year.  Second year undergraduates may be eligible for up to $1,300 per academic year.  Students must have completed one academic year with a 3.0 GPA to qualify for the second year ACG award. Federal Supplemental Educational Opportunity Grant (FSEOG) The Federal Supplemental Educational Opportunity Grant is for undergraduates with exceptional financial need. Funding is limited and awarded to students with the lowest Estimated Family Contribution (EFC). Student must meet the priority filing deadlines to be considered for this fund. Awards are subject to funding availability and are determined by the Financial Aid Office. There is a six (6) unit minimum enrollment requirement at the college where you are receiving financial aid; units from other colleges may not be combined for this award. Awards range from $100-$200. Federal Work-Study (FWS) Federal Work-Study funds are limited and subject to funding availability. FWS funds are awarded, subject to availability, to students who indicated, on their FAFSA, an interest in the program and who demonstrated financial need. Students must submit their FAFSA by the March 2nd primary application deadline and submit/complete their financial aid file by the April 2nd priority funding deadline to be considered for this program. 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) units at the college where you are receiving financial aid. Units from other colleges may not be combined for this award. If you have any questions, please contact the Financial Aid Office. Scholarships Scholarships are gift-aid awarded on the basis of merit, academic excellence, and in some cases, additional criteria such as study in a particular major, leadership, or financial need. Scholarships are also offered by outside agencies and foundations. Information and/or application guidelines are available in the Financial Aid Office.
	Loans (self-help aid) are funds which must be repaid.
	Federal Loans You are in no way obligated to borrow a loan. All loans require a minimum unit enrollment of six (6) approved units. Deadlines for loans: For Fall only loans TBA For Fall/Spring & Spring only TBA Federal Stafford Loan (FFELP Loan) and the Direct Stafford Loan program Subsidized Federal Stafford Loans are need based; therefore, the Financial Aid Office determines your eligibility. Interest is paid by the government while you are enrolled at least halftime and during your grace period after leaving school. Interest rates are set each academic year. The current fixed rate is 5.6.0% for new subsidized loans disbursed on or after July 1, 2009.  The interest rate for unsubsidized loans are 6.8%. Unsubsidized Federal Stafford Loans are not need based and therefore have no interest subsidy. This means that interest is charged and accrues until you have repaid your loan. Interest payments may be postponed; however, any interest deferred will be added to the original loan amount. Repayment options for borrowers are listed on the Promissory Notes. We recommend that you contact your lender to establish a repayment schedule. Students have the option to pay the interest charged on the unsubsidized loans while still in school. Students may also have the option of making payments on the loan principal while still in school. Student borrowers may select either monthly or quarterly payments. We do recommend that student borrowers make regularly scheduled interest payments in order to avoid increasing the original loan balance. Federal Perkins Loan Federal Perkins Loan is a low interest (5%) loan to help students with exceptional need to meet their educational expenses.  Loan amounts will be determined annually based on funding availability.