Rogue Community College
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Financial Aid/Scholarships

Most colleges and universities offer several forms of financial assistance, such as:

Research your financial aid options early and be sure to meet all application deadlines! Students must maintain eligibility through satisfactory academic progress and are required to maintain a minimum college enrollment status which typically varies from half–time to full–time college attendance.

Federal student financial aid is assistance that’s available through the U.S. Department of Education's Office of Federal Student Aid. To fairly assess the family's ability to pay for a student's education, an established formula is used which determines financial need by calculating the cost of college attendance minus an expected family contribution. Your expected family contribution (EFC) is determined through the process of completing the Free Application for Federal Student Aid (FAFSA). Each of the institutions that you are applying to will consider their average cost of attendance minus your EFC to determine your eligibility for federal aid.

 

 

Grants reflect financial assistance that you will not be expected to repay. Grants can come from federal, state, or private institutional programs and represent an outright gift of money often made available to financially needy students. In order to determine your eligibility for grant programs, you must fill out the FAFSA. Students are required to submit a new FAFSA during each year of college attendance.

 

 

Scholarships on the other hand, may or may not have a financial eligibility requirement, but typically are available to students on a competitive basis. Scholarships are awarded to students based on financial need or based on merit (academic achievement, demonstrated leadership, community service, etc.). Like grants, scholarships are available from private and public institutions including most colleges. Some scholarships require the completion of the FAFSA prior to scholarship application submission.

 

 

Loans reflect financial assistance that you will be expected to repay. There are two major categories of student loans, those awarded based on financial need and those not tied directly to financial need which may be awarded to students or their parents. The largest provider of needs based loans is the federal government. Private financial institutions and schools may make loans. Often these loans are not subsidized which means they may require an immediate repayment plan and carry a higher interest rate. The process involved in applying and qualifying for a subsidized, unsubsidized or direct loan requires completion of the FAFSA prior to loan application.

 

 

Federal Work Study (FWS) provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the recipient's course of study. When the money for a program is gone, no more awards can be made from that program for that year. So, make sure you apply for federal student aid as early as you can. To qualify for federal work study you must complete FAFSA and contact the financial aid department at your college.


Federal funds have been allocated for this TRiO program, 100% of this project is financed through a grant from the US Department of Education.