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Name of Program
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What is it?
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Who is eligible?
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Does it have to be repaid?
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Federal Pell Grant
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Grant assistance for undergraduate students. Annual awards range from $555-5500 for academic year 2010-11 (at the time of posting).
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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.
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No.
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Federal Supplemental Educational Opportunity Grant (FSEOG)
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Grant assistance for undergraduates with exceptional need; priority is given to Federal Pell Grant recipients. Annual award $1000* maximum.
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Eligible students must have exceptional financial need, enroll at least half time, and qualify for a Federal Pell Grant. Funds are limited. Students may be eligible at less than half time.
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No.
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Leveraging Education Assistance Partnership (LEAP) Grant
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Grant assistance for undergraduates with at least $100 of need. Annual award $1000* maximum.
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Eligible students must be a resident of Arizona and enroll at least half time. Funds are limited.
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No.
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Academic Competitiveness Grant (ACG)
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Grant assistance for undergraduate students that have completed a rigorous secondary school program and have financial need.
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Eligible students must have been awarded a Federal Pell Grant and be enrolled full time. Entering freshmen must have completed a rigorous secondary school program, as designated by the state in which the student resided when completing the program. Sophomores must have completed a rigorous secondary school program and have a cumulative 3.0 GPA during their freshman year of college.
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No.
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Federal Work Study
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Part time employment during the academic year. Wage per hour varies based on job description. Students can work up to 20 hours/week. Annual awards vary and range up to $8750*.
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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 and Placement Services. Funds are limited and awarded on a first come, first serve basis.
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No.
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Federal Direct Loan
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A subsidized and/or unsubsidized loan with a fixed interest rate of 4.5% (sub) or 6.8% (unsub) if the loan was first disbursed between July 1, 2010 and June 30, 2011. 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.
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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. |
Yes. Repayment of principal and interest will begin 6 months after student graduates, leaves school, or drops below half time status.
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.
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Federal Direct PLUS Loan
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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.
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Eligible student must be enrolled at CGCC at least half time and their parents must be approved through the Direct Loan credit check process.
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Yes. Repayment begins 60 days after the full amount has been disbursed.
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Alternative Loans
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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.
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Eligibility requirements vary with each lender. You can review these different requirements at the lenders website.
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Yes. Repayment options vary with each lender.
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