Federal Student Aid Programs
All students applying for campus-based federal and/or state assistance must apply for the Pell Grant by completing the Free Application for Federal Student Aid (FAFSA). This grant is based on financial need according to your Expected Family Contribution (EFC) and the Cost of Attendance (COA). Students may qualify for a maximum of $7,395.00 in Pell grant for the 2023-2024 academic year.
Beginning with the 2024-2025 aid year, the Pell Grant will no longer be based on enrollment status. Instead, Pell Grant disbursement amounts will now be calculated using Enrollment Intensity - which is a percentage value based on the number of credits a student is enrolled for during a term. Per the Act, the Pell Grant must be prorated according to the student’s enrollment intensity rounded to the nearest whole percent. Programs Offered in Standard Terms For federal student aid purposes, full-time enrollment is 12 credit hours.
Note that enrollment intensity cannot exceed 100% for purposes of Pell Grant proration.
Scheduled Pell Award
- An automatic Maximum Pell Grant Award (Max Pell);
- The difference between the Annual Max Pell and the student’s Student Aid Index (SAI); or
- A Minimum Pell Grant Award (Min Pell).
- Subtract the student’s SAI from the Max Pell, then round to the nearest $5 to get the Scheduled Pell Award for that student.
- If the Max Pell minus the SAI calculation results in a Scheduled Pell Award less than the Min Pell amount, the student is ineligible for Pell based on SAI. However, they may still be eligible for Min Pell if they meet the criteria.
- When using fractions, multiply first, then divide.
- If the Scheduled Pell Award exceeds COA, reduce the Scheduled Pell Award to COA (do not round; truncate cents).
Example: $3.697 full-time Pell amount for the term x 58% = $2,144.
The Federal Supplemental Educational Opportunity Grant (FSEOG) is for students with exceptional financial need. Awards are made on a first-come basis until designated funds are exhausted. For the 2023-2024 academic year, students may be eligible to receive between $100 and $4,000 in SEOG annually.
The Federal Work-Study program provides jobs for students who qualify for financial aid. Students are paid at least the current state minimum wage, but some salaries are higher based on the type of work and the skills required. Awards are made on a first-come, first-served basis until designated funds are exhausted.
For additional information please contact the Career/Transfer Center at (530) 283-0202 ext 313. Please visit the Student Employment webpage for information about the Student Employment Program at Feather River College.
Direct Subsidized Loans
- Available to undergraduate students with financial need
- Award amount is contingent upon number of units completed and financial need
- The U.S. Department of Education pays the interest
- while you're in school at least half-time
- for the first six months after you stop attending or graduate
- during a period of deferment
Direct Unsubsidized Loans
- Available to undergraduate and graduate students; there is no requirement to demonstrate financial need
- Award is contingent upon number of units completed and students dependency status
- The student is responsible for paying the interest during all periods
- If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue and be capitalized
To obtain more information about student loans at FRC click here. Please visit studentaid.gov for more information on Direct Loans.
Federal Direct Parent PLUS loans are available to assist families of dependent students in meeting the costs of education. The borrowers for these loans are the parents who apply for them, not the students. PLUS loans do involve a credit check through the federal government. If a parent applies for and is not approved for a parent PLUS loan, the student is eligible for an additional $4,000 per year ($2,000/semester) in an unsubsidized student loan.
To obtain more information on PLUS Loans please visit studentaid.gov.
Exit counseling is a vital step in the federal student loan process. Those with loans from the Federal Direct Student Loan program must complete an online exit counseling session on studentaid.gov, Exit counseling is required when you graduate, leave school, or drop below half-time enrollment. Exit counseling provides important information that you need to prepare to repay your federal student loan(s).
- A computer and internet access to studentaid.gov
- FSA ID username and password
- Updated contact information
The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. You'll learn about what your federal student loan payments will look like after school and get a recomended repayment strategy that best suits your future plans and goals.
For additional information about federal aid, please visit the Federal Student Aid website. You can also obtain the Federal Student Aid at a Glance Grant and/or Loan Programs Fact Sheets.
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