Southeastern Community College offers a variety of financial aid opportunities, especially for students who, without aid, would be unable to begin or continue their college education. In 2012-13, 79% of our students received aid. Over eight million dollars was awarded. Types of financial aid include grants (federal and state), scholarships, and on-campus jobs. Scholarships usually require high academic performance or special talents and generally are not based on financial need. Scholarships are gifts which do not have to be repaid. Those who have on-campus jobs receive an hourly wage.
To be eligible for most financial assistance, students must generally meet the following requirements:
Entering students must also meet all admission requirements (see program descriptions). Returning students must be in good academic standing. That is, they must be meeting the satisfactory academic progress requirements for financial aid recipients. These requirements are found in the college catalog.
The FSA ID – a username and password – has replaced the Federal Student Aid PIN that has been used in the past as a student’s personal identifier. The FSA ID can be used to log in to certain U.S. Department of Education websites which includes the FAFSA website (www.fafsa.ed.gov). Your FSA ID confirms your identity when you access your financial aid information and allows you to electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to complete your FAFSA application. You, and your parents, if you are a dependent student will need to obtain an FSA ID. You can use your FSA ID to sign a FAFSA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your previous PIN to your FSA ID, you will be able to use your FSA ID to access the FAFSA website. This is a one-time process and once the FSA ID is set up, you will use this same information each year to complete your FAFSA application as well as to complete any corrections to your application that may be needed.
Remember, the FSA ID is your personal identifier and only the owner of the FSA ID should create and use the account. Never share your FSA ID.
Students should apply as soon after January 1 as possible for aid for the following fall semester. The later the application, the less chance there is of receiving some types of financial aid such as work-study, supplemental grants, and NC aid. Pell Grant can be processed throughout the academic year. Once an application is submitted, it takes 3-5 days for the application to process and to be received by the school.
Certain questions on the FAFSA will determine whether the student is considered dependent on the income of their parents. If the student feels that they have unusual circumstances that would make them independent, they should make an appointment with the Director of Financial Aid to discuss their situation.
If the student or their family has experienced a significant reduction in family income since the prior year income reported on the FAFSA, they may request consideration for financial aid based on the current year situation. Examples of reasons for change are unemployment, divorce, separation, death, disability, high medical expenses, etc. Students should make an appointment with the Director of Financial Aid to discuss their change in circumstances. Additional documentation will be required to support any request for reduction in income.
Financial aid from most of the student aid programs is awarded on the basis of financial need. The information reported by the student on the FAFSA is used in certain formulas, passed into law by Congress, that calculate the student’s need and eligibility. Eligibility for the Pell Grant program is determined by a formula and depends on a number called the EFC (Expected Family Contribution). If this number is low enough, the student will be eligible for a Pell Grant. The lower the number, the larger the grant award will be. If this number is higher than a certain number, the student will not be eligible for the Pell Grant. There is not a minimum or maximum EFC in determining eligibility for the campus-based aid programs.
The financial need is determined by using the following equation: Cost of Education, less Expected Family Contribution, equals Financial Need.
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