Financial Aid. and Scholarship Information Guide. East Los Angeles College. Financial Aid & Scholarship Office

Transcription

1 Monterey Park, venida esar havez ast Los ngeles ollege Financial id & cholarship ffice ast Los ngeles ollege Financial id and cholarship nformation Guide on-profit rganization U.s. Postage P Monterey Park, a Permit o. 33

2 Welcome to ast Los ngeles ollege ast Los ngeles ollege We are pleased to provide you with this Financial id nformation Guide. f you need financial assistance to attend ast Los ngeles ollege (L), begin the financial aid process as soon as possible. You may apply for financial aid starting January 1, o not wait until you have been admitted to L. very effort is made to present the most accurate and up-to-date information; however, the information contained in this Guide is subject to change due to federal, state, district and campus funding limitations and changes in policy or law. How to ontact the Financial id & cholarship ffice nformation about our services and programs is available on the internet. ur web site address is We are located in Building 2.3 ur office hours are Monday thru hursday 8:00 am - 7:00 pm, Friday 8:00 am - 1:00 pm. ur main phone number is or utreach and ecruitment, ur mailing address is: ast Los ngeles ollege Financial id & cholarship ffice 1301 venida esar havez Monterey Park, ur address is: elac_finaid.edu ur Federal chool ode is heck out the web for other sources of information: FF web site Financial Planning/alculators: alifornia tudent id ommission dfund web site epartment of ducation cholarship earches: H U o expedite the financial aid and loan processes, we strongly encourage you to obtain a epartment of ducation P (Personal dentification umber). Your P serves as an e-signature. Both students and parents can obtain a P at ev. 3/08

3 Financial id-elated nformation and ervices s you move through the financial aid application process, you may need to contact one or more of the following agencies. Keep this list of phone numbers and Web site addresses for future reference. Federal tudent id nformation enter * o check the status of your FF, order a duplicate tudent id eport (), get help in filling your FF or correcting your alifornia tudent id ommission elective ervice egistration ocial ecurity dministration How o each Us ast Los ngeles ollege Financial id ffice 1301 venida esar havez Monterey Park, alifornia Phone: (323) Fax: (323) L Financial id Web Page: itle V chool ode: ffice Hours: Monday through hursday: 8:00 am - 7:00 pm Friday: 8:00 am - 1:00 pm Board of rustees ylvia cott-hayes, President Kelly G. andaele, Vice President Mona Field Warren. Furutani Georgia L. Mercer ancy Pearlman ngela J. eddock va Jackson, tudent rustee istrict dministration r. Marshall. rummond, hancellor r. driana. Barrera, eputy hancellor Gary olombo, Vice hancellor for nstitutional ffectiveness John lerx, Vice hancellor of nstructional and tudent upport and evelopment Larry H isenberg, xecutive irector, Facilities Planning and evelopment amille. Goulet, General ounsel Jeanette Gordon, hief Financial fficer/reasurer ollege dministration rnest H. Moreno, President obert G. somoto, nterim President enée. Martinez, Vice President, Workforce ducation and conomic evelopment r. ichard. Moyer, Vice President, cademic ffairs scar Valeriano, J., nterim Vice President, tudent ervices ovember ubmit the college dmission pplication for the upcoming school year. For an dmission pplication, go to the ast Los ngeles ollege website at www. elac.edu. btain a epartment of ducation P (Personal dentification umber) now! Your P will serve as an e-signature and will expedite the financial aid and loan processes. Go to to apply for a P. For dependent students, your parents need to also apply for a P. January/February January and February are the months to submit your Free pplication for Federal tudent id (FF) and al Grant GP Verification! Go to to apply for the FF. Priority applicants must have a FF processed by March 2nd and submit all required documents by pril 30th for priority funding. March eadline for PY financial aid consideration is pril 30th and al Grant March 2nd be sure your FF is filed! eadline for the GP Verification (al Grant) form is March 2nd be sure your GP Verification form is filed. o wait until you are admitted to L before submitting your FF and GP Verification form. f you miss the priority deadline, you may still apply for financial aid but funding is limited. pril/may o receive your financial aid disbursement by the first week of the Fall semester, all supporting documents must be submitted by pril 30th. May/June ward otifications begin for priority applicants! ugust/eptember Financial id disbursement for priority applicants. M L

4 Major Financial id Programs t--glance March PL PGM program who can apply annual awards up to obert. Byrd Honors cholarship hild evelopment Grant graduating high school seniors filing deadline $1,500 nominations by pril 15 forms required pplication Form undergraduates $1,000 $2,000 June 1 FF and pplication Form Law nforcement Personnel ependents Grant surviving spouses and dependents of peace officers same as al Grant awards for each segment applications accepted throughout the year FF and pplication Form n-ime pplication eadline o receive full consideration for L awards, you must submit the Free pplication for Federal tudent id (FF) or the enewal FF by March 2. Late applications will only be considered for the Federal Pell Grant and the Federal tafford Loans. n addition, awarding and disbursement may be delayed. o be considered for a new al Grant award, you must also submit the al Grant GP Verification Form by March 2 to the alifornia tudent id ommission (). alifornia hafee Grant lan Patee cholarship alifornia ommunity ollege Board of Governors Fee Waiver ducational pportunity Program xtended pportunity Programs and ervices ooperative gencies esources for ducation ssumption Program of Loans for ducation tate ursing ssumption Program of Loans for ducation nstitution-based cholarships, Grants, Work-tudy, Loans current and former foster youth surviving dependents of police or firefighters alifornia ommunity ollege students U and U undergraduates alifornia ommunity ollege students alifornia ommunity ollege students K - 12 and math and science teacher candidates, out-ofstate teachers nursing students who agree to teach nursing at the college level $5,000 go to csac.ca.gov waives registration fees at U and U waives registration fees bursar s or registrar s office applications accepted throughout the year $1,000 $900 $19,000 (for four years of service) $25,000 (for five years of service) nominations by June 30 go to FF and pplication Form bursar s or registrar s office FF or Fee Waiver pplication pplication Form pplication Form pplications available February 1 from high schools ontact your or the alifornia tudent id ommission pplications available March 1 from schools with approved teaching credentialing programs

5 Major Financial id Programs t--glance B G eed-based financial aid that doesn t have to be repaid L Money you borrow that must be repaid, with interest WK-UY Money for college that you earn program who can apply annual awards up to filing deadline Federal Pell Grant undergraduates $4,050 Federal upplemental ducational pportunity Grant al Grant ntitlement and ompetitive wards al Grant B ntitlement and ompetitive wards al Grant Federal tafford Loan (subsidized and unsubsidized) dditional Unsubsidized Federal tafford Loan Federal Perkins Loan Federal onsolidation Loan Federal Work-tudy undergraduates $4,000 forms required FF FF undergraduates $8,322 March 2 FF, verified GP undergraduates $8,322 March 2 FF, verified GP occupational, technical and career students borrowers of federal loans $3,168 March 2 FF, verified GP U $2,625 - $5,500 G $8,500 U $5,000 G $10,000 U $4,000 G $6,000 FF and Master Promissory ote FF and Master Promissory ote FF and Master Promissory ote consolidation B lender Loan pplication and Promissory ote ommunity college students have a second deadline of eptember 2 for al Grant & B ompetitive awards onsolidate outstanding federal student loans into one loan to make repayment more manageable FF What is Financial id? Financial id is funding that is provided by the federal and state governments to assist students with their educational expenses. he Financial id ffice (F) awards aid for periods of enrollment during the nine-month academic year* in the form of grants and scholarships, which do not have to be repaid, loans which must be repaid, and work-study funds which must be earned. tudents are considered for all funds available by submitting the Free pplication for Federal tudent id (FF) or the enewal FF. *Limited summer financial aid may be available. ontact the F. W H F L

6 ependent or ndependent? ligibility for financial aid is determined by whether you are a dependent of your parents or independent. f you are a dependent, your parents ability to contribute will be considered and their income must be reported on the Free pplication for Federal tudent id. ndependent students are evaluated on their own income, or with their spouse s, if applicable. You are considered independent if at least one of the following applies: You are at least 24 years of age* You are married You are enrolled in a graduate or professional education program beyond a Bachelor s degree You have dependents other than your children/ spouse who live with you and who receive more than half of their support from you, now and through June 30 You are an orphan or ward of court (or were a ward of court until age 18) You are a U.. rmed Forces veteran. *ome students who turn 24 years of age during the academic year of application may still be considered dependants, depending on the date of birth. ee your financial aid counselor. For assistance with FF forms visit the following locations on campus: Math Lab Learning enter Financial id xpress (tudent enter) a. otal units attempted (excluding L and Basic kill/emedial classes) are equal to or greater than ninety (90); b. umulative GP is less than 2.0; c. umulative on-grades are more than 25%. Units required for the ertificate ormal Maximum Program Length Length 10 to 24 2 semesters 3 semesters 25 to 36 3 semesters 5 semesters 37 to 48 4 semesters 6 semesters Maximum ime Length. tudents attending for the purpose of obtaining an ssociate of rts egree (), an ssociate of cience egree (), or completion of requirements for ransfer to a four year college, are allowed 90 attempted units in which to complete their objective. 1. ttending full-time (12 units or more), a student is expected to complete his/her objective in three years. 2. ttending part-time (less than 12 units), a student is expected to complete his/her objective in six years. 3. xceptions will be made only when the requirements of a student s objective cause the student to exceed the maximum time limit. B. hort Length ertificate Programs. 1. ome ertificate objectives at the Los ngeles ommunity olleges may be completed in less time than that required for the ssociate of rts, ssociate of cience and ransfer objectives. 2. he following table shows the normal completion time and maximum time for ertificate Programs of varying lengths:. o be eligible for financial aid, a program must be at least six (6) months in length with a minimum of sixteen (16) units. tudents enrolled in a ertificate program may continue to qualify for financial aid up to ninety (90) attempted units, six (6) full-time semesters, or the equivalent, if they are planning to obtain an ssociate egree ( or ), or to ransfer to a four-year school in addition to obtaining the ertificate. ummer and Winter Financial id. ummer and Winter terms are included in the evaluation of atisfactory cademic Progress standards. Understand, But have questions about financial aid at ast Los ngeles ollege. o problem. Just call us: r visit us: Financial id ffice ast Los ngeles ollege 1301 venida esar havez Monterey Park, & P G M

7 atisfactory cademic Progress (P) P standards apply to LL federal and state aid applicants, whether or not they have previously received aid to maintain eligibility for financial aid. Beginning with the academic year, LL students must meet the P Policy detailed below to be eligible to receive financial aid. tudents receiving financial aid enter into an agreement to make atisfactory cademic Progress toward their educational goal. Failure to maintain these standards will result in the loss of financial assistance. he Financial id ffice reviews academic progress at the end of each academic year. ll students receiving federal and state financial aid (except the BGFW) must comply with the following academic progress standards: General equirements tudents receiving financial aid must be enrolled in an eligible program. n eligible program is defined as: 1. ertificate, 2. n ssociates egree (/), 3. two-year academic ransfer Program that is acceptable for full credit toward a Baccalaureate egree. atisfactory cademic Progress tandards. Maintenance of a 2.0 cumulative GP. B. Fewer than ninety (90) attempted units for students who indicated / egrees or ransfer as their education goal. 1. L and Basic kills/emedial classes are excluded from the ninety (90) unit limit when determining units attempted. 2. tudents who have already earned an ssociate or higher degree will need to follow the appeal procedure. 3. n Progress (P) grades count as attempted units in the maximum time frame only. t does not affect the cumulative grade point average in the qualitative measure nor is it included as completed units in the quantitative measure.. ompletion of 75% cumulative units attempted. 1. ntries recorded in the student s academic record as ncomplete (), o redit (), and/or Withdrawal (W) are considered non-grades and must be 25% or less than the cumulative units attempted. pplication of tandards. atisfactory cademic Progress for financial aid students will be determined at the conclusion of the pring semester. B. tudents who are disqualified from financial aid will be notified by mail and receive the procedure for appeal.. student who has been disqualified at Y college in the L, is disqualified at LL colleges within the L.. change of one (1) educational goal or major course of study will be allowed during the course of enrollment at the institution.. isqualification 1. tudents will be disqualified if they have one or more of the following academic deficiencies at the end of the pring semester: Financial aid programs our college participates in: Grants are gift-aid, which do not have to be repaid. al Grant B is an access grant ($1,551 for ). his award is administered by the alifornia tudent id ommission (). al Grant is a grant administered by the for short-term vocational programs. wards range from $400 $4,500. hafee Grant is a grant administered by the and provides financial assistance to foster youth (current and former) to use for college and vocational training. wards up to $5,000. Federal Pell Grant is a grant administered by the U.. epartment of ducation (U). wards range from $400 $4,050. Federal upplemental ducational pportunity Grant is a grant administered by the U. Funding is limited and awarded to students with the lowest stimated Family ontribution (F). wards range from $200 $400. Board of Governors Fee Waiver Program - this solely waives F enrollment fees charged by our college. here is no cash award associated with this waiver. : he fee waiver does not cover the health fee. cademic ompetitiveness Grant (G) - ffered by the U.. department of ducation (U) with the final determination made by the. he G is based on a rigorous academic program. wards for first time recipients are $750 and second year recipients is $1,300. For more detailed information, please contact the Financial id office. Federal Work-tudy Work-tudy (self-help aid) is a federal subsidized student employment program; funding is limited. Priority deadlines must be met for consideration. cholarships are gift-aid awarded on the basis of merit, academic excellence, and in some cases, additional criteria such as study in a particular major, leadership, or financial need. cholarships are also offered by outside agencies and foundations. nformation and/or application guidelines are available in the Financial id ffice and on our website at Loans (self-help aid) are funds which must be repaid. hey are available under varying terms and conditions. Y P F F L

8 he financial aid process involves a series of steps. Following directions and completing each step correctly will minimize errors and prevent delays. tep 1: he pplication Process. pply for a U.. epartment of ducation Personal dentification umber (P) at Your P serves as an e-signature to electronically sign your financial aid application. f you are a dependent student, your parent should also apply for a P to expedite the financial aid process. B. fter you receive your P, go to to complete the Free pplication for Federal tudent id (FF). ast Los ngeles ollege s Federal chool ode is o receive full consideration for ast Los ngeles ollege awards, you must submit your FF by March 2 and complete your file with all requested supporting documents by pril 30. : You should not wait until you are admitted to the college to submit your FF. f you are a continuing student and applied the prior year for financial aid, you may complete your enewal FF online at tep 2: etermining Financial id ligibility & eed student is eligible for financial aid if he or she: 1. s a U.. citizen, or eligible non-citizen; 2. Has a valid ocial ecurity umber; 3. omply with elective ervice registration, if required; 4. Have a high school disploma, G, alifornia High chool Proficiency ertificate (HP) or demonstrate an ability to benefit (B) for a post-secondary education; 5. emonstrates financial need ; 6. s enrolled in one eligible program at L: certificate, / degree or transfer program*; 7. s making atisfactory cademic Progress as defined by the Financial id ffice (F). For detailed information, request a copy of the atisfactory cademic Progress tandards from the F; 8. oes not owe money on a federal student grant or has made satisfactory repayment arrangements; 9. s not in default on a federal student loan or has made satisfactory repayment arrangements; * transfer program is an educational plan designed to assist students to transfer to four year universities. Financial eed: f you meet all of the eligibility criteria, the F will calculate how much financial aid you are eligible to receive. his formula subtracts the expected family contribution (parent contribution plus student contribution) from the estimated educational costs (the budget). he dollar amount remaining is your financial aid need. Your need will be funded with the various federal and state programs and resources for which you are eligible. stimated ost of ttendance () egistration Fees* $ oom and Board $3, Books and upplies $1, ransportation $ Personal xpenses $2, otal $9, * ote: ut-of-state students, add $181 per unit for non-resident tuition + $20 per unit. *Final will be determined by the state budget. Budget minus Family ontribution & esources = Financial eed eed is funded with a variety of Financial id Programs. tep 3: he otification Process he final step in the application process is the notification of results. tudents who accurately file their FF by March 2nd and submit all required documents by pril 30th will be notified of their financial aid eligibility in the form of an ward letter. H F L P