The chart below is specifically referring to how the funds are awarded at Scottsdale Community Community College for 2012-2013.
|Name of Program||What is it?||Who is eligible?||Does it have to be repaid?|
|Federal Pell Grant||Grant assistance for undergraduate students. Annual awards range from $602-5550 (at time of posting).||Student eligibility is determined according to a congressionally mandated formula which computes the expected family contribution. Students may be eligible at less than half time. Funds are not limited.||No.|
|Federal Supplemental Educational Opportunity Grant (FSEOG)||Grant assistance for undergraduates with exceptional need; priority is given to Federal Pell Grant recipients. Annual award $1000* maximum.||Eligible students must have exceptional financial need, enroll at least half time, and qualify for a Federal Pell Grant. Funds are limited and awarded on a first come, first serve basis.||No.|
|Leveraging Education Assistance Partnership (LEAP) Grant||Grant assistance for undergraduates with exceptional need; priority is given to Federal Pell Grant recipients Annual award $1000* maximum.||Eligible students must be a resident of Arizona and enroll at least half time. Funds are limited and awarded on a first come, first serve basis.||No.|
|Federal Work Study||Part time employment during the academic year. Wage per hour varies based on job description. Students can work up to 20 hours/week. Annual awards vary and range up to $4000*.||Eligible students must have a minimum of $2500 of need and enroll at least half time at SCC. Once they have been notified that they are work study eligible, interested students must contact Career Planning and Placement . Funds are limited and awarded on a first come, first serve basis.||No.|
|A subsidized and/or unsubsidized loan with a fixed interest rate of 6.8%. Annual limits range from $3,500 to $4,500. Independent students are eligible for additional loan funds; however they must contact the SCC Financial Aid Office if interested.||Subsidized: Eligible students must have financial need and enroll at SCC at least half time (6 credit hours or more).
Unsubsidized: Eligible students must enroll at SCC at least half time.
|Yes. Repayment of principal and interest will begin 6 months after student graduates, leaves school, or drops below half time status.
Yes. Interest is charged from the time student receives their loan until paid in full. Repayment begins 6 months after student graduates, leaves school, or drops below half time status.
|A loan available to parents of dependent undergraduate students. This is not a need based loan. Loans disbursed on or after July 1, 2006 have a fixed 7.9% interest rate. Maximum amount is cost of attendance minus any other financial aid the student is receiving.||Eligible student must be enrolled at SCC at least half time and their parents must be approved through the Direct Loan credit check process.||Yes. Repayment begins 60 days after the full amount has been disbursed.|
|Alternative Loans||A loan which is available without regard to financial need. Maximum amount is cost of attendance minus any other financial aid the student is receiving.||Eligibility requirements vary with each lender. You can review these different requirements at the lenders website.||Yes. Repayment options vary with each lender.|
* These amounts are specific to ScottsdaleCommunity College students.