FINANCIAL AID — ADDITIONAL INFORMATION
Congratulations on your upcoming enrollment at Blue Cliff College! We are so excited about your education and future.
Here is what you need to do to get started:
- Apply for a Personal Identification Number (PIN) at www.pin.ed.gov
- Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov
- You will need the campus school code where you plan to attend:
- Alexandria - 034226
- Fayetteville - 034225
- Gulfport - 035253
- Houma - 032943
- Lafayette - 034226
- Metairie - 032943
- Shreveport - 034225
- Keep your FAFSA confirmation page and forward a copy to the campus you will be attending.
Once you submit the FAFSA in its entirety, we can provide an estimated financial plan that will aid you in paying for your education. Please note that once your FAFSA is submitted to the federal government there is a possibility that some additional information may be required.
We are looking forward to assisting you and wish you great success in your endeavors.
Sincerely,
The Financial Aid Office
Blue Cliff College
FEDERAL FINANCIAL AID PROGRAMS
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
The maximum Pell Grant award for the 2011-2012 award year (July 1, 2011 to June 30, 2012) is $5,550; the projected award amount for 2012-13 award year (July 1, 2012 to June 20, 2013) is $5,550. The maximum can change each award year and depends on program funding. The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. |
Eligibility Requirements
Pell Grant
- Free
- Must complete a Free Application for Federal Student Aid (FAFSA)
- Award is $5,550 for 2011-2012 (please note that award is based on enrollment status)
- Available to eligible undergraduate students
- Must not have earned a Bachelors
The U.S. Department of Education administers the William D. Ford Federal Direct Loan Program. This Direct Loan programs consist of what are generally known as Stafford Loans (for students) and PLUS loans for parents .Under the Direct Loan Program, the funds for your loan come directly from the federal government.
To apply for the Direct Loan Program you must apply for a Personal Identification Number
(PIN #) www.pin.ed.gov. Once your PIN # has been established you can go to the MPN website https://studentloans.gov/mydirectloan/index.action# to apply for your Direct Loan. |
Direct Subsidized Loan (SUB)
- Must be repaid
- Must complete the FAFSA
- Must complete Entrance Counseling
- Interest rate fixed not to exceed 3.4%
- Interest is paid while the student is in school
- Online Entrance Counseling is available during application process
- Online Exit Counseling is required (completed by term prior to graduation, or if you leave, or withdraw from school)
- Payment starts 6 months after you leave, or graduate from your program
- Maximum amount for freshman independent/dependent $3,500
- 2.0 % Origination Fee does apply.
- 1.5% Rebate Incentive applied at the beginning of the Loan.
Direct Unsubsidized Loan (UNSUB)
- Must be repaid
- Must complete the FAFSA
- Must complete Entrance Counseling
- Interest rate fixed not to exceed 6.8%
- Interest must be paid while the student is in school
- Online Entrance Counseling is available (during application process)
- Online Exit Counseling is required (completed by term prior to graduation or if you leave, or withdraw from school)
- Payment starts 6 months after you leave or graduate from your program
- Maximum amount for freshman independent student is $6,000
- Maximum amount for freshman dependent student is $2,000 (dependent students must be denied for the PLUS loan to be eligible for additional $4,000).
- 2.0 % Origination Fee does apply.
- 1.5% Rebate Incentive applied at the beginning of the Loan.
Direct Parent Loan for Undergraduate Student (PLUS)
- Must be repaid
- Must complete a FAFSA
- Must receive Rights and Responsibility policy
- Available to parents of dependent undergraduates
- Interest rate of 4.86% and capped at 9.00% (current rate is 5.01%)
- Origination & processing fees totaling 4.00%
- Borrower has the option to start repayment 60 days after the loans is fully disbursed OR
- 6 months after the student has completed the program or falls below half-time status.
- Subject to a credit check
Additional Links
College Navigator http://nces.ed.gov/collegenavigator/
National Student Loan Student Access http://www.nslds.ed.gov/nslds_SA/
Contact us today to find out how we can assist you in determining ways to fund your education.
|
