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Financial Aid

Financial Aid

Programs

Federal Pell Grants

The Federal Pell grant is considered to be the “foundation” of a student’s financial aid to which aid from other Federal and non-Federal sources may be added. The actual size of a grant award will depend upon the EFC number and enrollment status. Pell Grant does not have to be repaid except in cases involving a student’s complete withdrawal. To apply students must complete a “FAFSA” application.

Federal Supplemental Educational Opportunity Grants (SEOG)

SEOG is similar to the Federal Pell Grant in that it does not have to be repaid except in cases involving a student’s complete withdrawal. SEOG funds are extremely limited and are distributed to the students with the most need based on the student’s EFC number. A student must be eligible for a Federal Pell Grant in order to be considered for a Federal Supplemental Educational Opportunity Grant. There is no special application for these funds; completion of the FAFSA is all that is required to apply for SEOG.

Academic Competitiveness Grant (ACG)

ACG is a new grant which is limited to students who have completed a rigorous secondary school program of study in high school. A student must be enrolled full-time (12 or more credit hours per semester) and be eligible for Federal Pell Grants. There is no special application for these funds; completion of the FAFSA is all that is required to apply for ACG.

Leveraging Educational Assistance Partnership Program (LEAPP)

LEAPP is an Alabama student assistance program. Funds are awarded to eligible Alabama residents who demonstrate need and who are enrolled at least half time. Students must be eligible for Federal Pell Grant to be considered for the LEAP grant. There is no special application for these funds; completion of the FAFSA is all that is required to apply for LEAP.

Federal Direct Loan Program

Although Jefferson State does not encourage students to borrow, there are loan programs to help those students who otherwise would be unable to attend school. Repayment normally begins six months after the student completes their program of study or ceases to be enrolled as at least a half-time. A freshman student may borrow up to $3500 per year. Sophomore students may borrow up to $4500 per year. Jefferson State Community College has a life-time loan limit of $16,000. This includes loans received at previous institutions. There is no special application for these funds; completion of the FAFSA is all that is required to apply.

Federal Direct Subsidized Loans: provides students the opportunity to borrow funds for education costs at low interest rates. For students with a defined need, the federal government subsidizes the interest during the certain specified periods.
Federal Direct Unsubsidized Loans: is not awarded on the basis of need. The student will be charged interest from the time the loan is disbursed until it is paid in full. If the interest is allowed to accumulate it will be added to the principal amount of your loan.
A student must be enrolled in at least 6 credit hours to be eligible for a loan. Additionally, a borrower must maintain a 2.0 GPA. A first-time student cannot receive a check until 30 days into the enrollment period.

Emergency Loans

Students who face financial emergencies may apply for an emergency loan. Emergency loans can not exceed the cost of 6 credit hours and can be used to cover tuition and fees only. Students must meet the following requirements:

  • Have a co-signer who is gainfully employed
  • Maintain a minimum 2.0 GPA
  • Be able to repay loan within 60 days