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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.

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 $3,500 per year. Sophomore students may borrow up to $4,500 per year. Jefferson State Community College has a life-time loan limit of $31,000. 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.

Students will be able to view their award notification and instructions to receive their funds on their Pipeline account under the Financial Aid tab once their award has been completed. If the student is receiving a loan there are additional steps for students to complete. Click on the Eligibility tab under Financial Aid tab, then click on the Loan Entrance Review and Promissory Note to be directed to the Federal Web Page.

Loans and Direct Unsubsidized Loans is a fixed rate of 6.8 for new loans first disbursed on or after July 1, 2007.

Jefferson State does not participate in the Direct Parent Plus Loan Program.

Jobs
Federal Work Study Program

Students who qualify for financial aid may participate in the Federal Work Study Program to help pay indirect educational expenses. Students who participate in this program are paid at least minimum wage for hours worked; checks are issued on a monthly basis. An effort is made to place students in jobs that further their educational and career goals.

Students who are enrolled at least six or more credit hours in their major may work a maximum of 24 hours a week, depending on their eligibility.

Students are being encouraged nationwide to become involved in community service. Students eligible for the Federal College Work Study Program are encouraged to accept positions with selected off-campus agencies which provide community services.

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