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financial aid & scholarships
Grants
Grants are financial aid awards which do not need to be repaid as long as the student meets academic progress requirements of the granting agency.
Bureau of Indian Affairs (BIA): The Bureau of Indian Affairs makes grants available to eligible full-time students. Applicants must be at least one-quarter Alaska Native or American Indian. For more information please contact the local BIA area office or your Native Regional Corporation.
Federal Pell Grant: The Federal PELL Grant makes funds available to eligible students with financial need. To be eligible for a PELL Grant, students must be working toward a certificate, associate or their first baccalaureate degree.
Federal Supplemental Educational Opportunity Grant: The Federal Supplemental Educational Opportunity Grant program is similar to the PELL Grant program and can provide additional assistance to students with financial need and who received a PELL. Only undergraduates working toward a certificate, associate or their first baccalaureate degrees are eligible.
Federal Family Education Loan Program (FFELP)
1. Federal Stafford Loan Program: The Stafford Loan Program enables students to borrow directly from lending institutions after they have qualified by completing the Free Application for Federal Student Aid (FAFSA). Any undergraduate student enrolled at least half-time may apply for a Stafford Student Loan. This is a separate application process. The Office of Student Services has application forms and information for student’s consideration.
a. Federal Subsidized Stafford Student Loan Dependent and independent students who have qualified using the FAFSA and determined to have need according to the Federal methodology can borrow up to:
$2,625 as a first year undergraduate student.
$3,500 as a second year undergraduate student and for students in a baccalaureate degree.
$5,500 as a third, fourth and fifth year undergraduate student.
The aggregate loan amount for undergraduate study is $23,000. The subsidized Stafford Loan means the Federal government pays the interest while the student is attending post-secondary education at least half time and for six months after graduation or after the student has left their post-secondary educational experience.
b. Federal Unsubsidized Stafford Student Loan This loan is considered a non-need based loan. Students are responsible for paying the interest on this loan immediately upon the inception of the signing of the promissory note. Independent freshman and sophomore undergraduate students can borrow up to $4,000 annually in addition to the amount borrowed on the subsidized Stafford. Independent juniors and seniors can borrow up to the limits of the subsidized loan and up to $5,000 annually in addition to the amount borrowed on the subsidized loan. Undergraduate students can borrow up to a maximum loan limit of $23,000 on un-subsidized loan borrowing.
2. Federal Parents Loans for Undergraduate Student (PLUS): Parent(s) can borrow for their dependent student’s educational costs. Parents can borrow up to the cost of education attendance minus any other financial aid for which the student is eligible. PWSCC requires student applicants to submit the FAFSA to determine eligibility of their parents’ PLUS loan. The interest on the PLUS Loan begins to incur with the parental signature on the promissory note. Payments usually begin 60 days after the loan is fully disbursed.
Provisions of state and federal loans are subject to change. Contact the PWSCC Student Services Office for current information on all programs or visit UAA’s financial aid website at www.uaa.alaska.edu/finaid
Scholarships
Scholarships are usually awarded for academic achievement or talent. Students interested in applying for scholarships may stop by the Department of Student Services to view scholarship listings and obtain applications orvisit our website for the most current information at www.pwscc.edu. Click Here for a list of additional scholarships that are available for Alaska Native, American Indian and other Ethnic groups.
Federal Workstudy Program
The Federal Workstudy Program provides job opportunities for eligible students as determined by financial need which is calculated from the information provided on the FAFSA. These students may earn money to cover part of their education expenses. The Human Resource Office arranges jobs on campus. Students may work up to twenty (20) hours per week during the semester. Wages depend on the job responsibilities and the student’s qualifications. Any PWSCC student enrolled in at least six credits may inquire and obtain a referral. For more information please contact the PWSCC Student Services Office.
Veterans Assistance
Prince William Sound Community College is approved to provide training to veterans, service members, and eligible dependents of veterans whose death or permanent and total disability is service connected. Department of Veterans Affairs (DVA) benefits approved for PWSCC include:
Montgomery G.I. Bill
Veterans Educational Assistance Program
Dependents Educational Assistance Program
Vocational Rehabilitation
Qualified persons who plan to use the Department of Veterans Affairs Educational Benefits must contact their current advisor or the Student Services Department, preferably 60 days before the term begins. They can provide necessary forms and current benefit information. Students using DVA educational benefits must apply for admission to a degree or certificate program at PWSCC. In accordance with federal regulations, PWSCC must report this information to the VA, along with information regarding students’ enrollment, grades, and academic progress.
Adds, Drops And Other Changes
Veteran students must inform the Veterans Affairs Office whenever they add or drop courses, withdraw from the college, change address or dependents, or make other status changes. Students who drop courses or withdraw may be required to reimburse the Department of Veterans Affairs.
Satisfactory Academic Progress
Veteran students must maintain satisfactory academic progress according to college policy while they are receiving benefits. Failure to do so is reported to the Department of Veterans Affairs and may end educational benefits.
Transcripts From Previous Colleges Or Universities
Veteran students with previous college or university experience must have official transcripts on file with the college. Each student must request these transcripts from each previous institution when applying for admission to PWSCC. The Department of Veterans Affairs may withhold benefits until this requirement is satisfied. For further information, please call (907) 834-1600.
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