| Federal Pell Grant | Grant assistance for undergraduate students. Annual awards range from $575-$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. | |
| 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. Student may be eligible at less than half time. | |
| 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. | Eligible students must have a minimum of $2750 of need. Once they have been notified that they are work study eligible, interested students must contact Career Services. Funds are limited and awarded on a first come, first serve basis. | |
| Federal Direct Loan | A subsidized and/or unsubsidized loan with a fixed interest rate of 6% (sub) or 6.8% (unsub) if the loan was disbursed on or after July 1, 2006. Annual limits range from $3,500 to $4,500. Students are eligible for additional loan funds; however, they must complete additional loan counseling if interested. This additional loan amount ranges from $2,000 to $6,000. | Subsidized: Eligible students must have financial need and enroll at CGCC at least half time (6 credit hours or more).
Unsubsidized: Eligible students must enroll at CGCC at least half time. | Subsidized: Yes. Repayment of principal and interest will begin 6 months after student graduates, leaves school, or drops below half time status.
Unsubsidized: 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 |
| Federal Direct PLUS Loan | 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 CGCC 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. |