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• The maximum award is $2,000 for all students plus $4,000 in additional Direct Unsubsidized Loan for an independent student or a dependent student whose parent has been denied a PLUS Loan. The loan amount is prorated for programs and final periods of enrollment less than one academic year in length.
• A student does not have to demonstrate financial need as defined by the U.S. Department of Education; must be enrolled at least halftime to receive a Direct Unsubsidized Loan.
• The U.S. Department of Education does not subsidize, i.e., pay the interest on this loan. This is the difference between the Subsidized and Direct Unsubsidized Loans.
• For complete details regarding the interest rate, loan fees, grace period, repayment and debt management options, contact the Financial Aid Office or visit www.studentaid.gov.
• A student may not exceed aggregate loan limits.
FEDERAL DIRECT PLUS (PARENT LOAN FOR UNDERGRADUATE STUDENTS) LOAN
• This is a loan and must be repaid with interest to the U.S. Department of Education.
• A parent, not a student, must borrow the PLUS loan on behalf of the student.
• The maximum award is the student’s Cost of Attendance minus any financial aid received by the student.
• A student/parent does not have to demonstrate financial need as defined by the U.S. Department of Education; must be enrolled at
least halftime to receive PLUS Loan.
• The U.S. Department of Education does not subsidize, i.e., pay the interest on this loan.
• For complete details regarding the interest rate, loan fees, deferment options, repayment and debt management options, contact
the Financial Aid Office or visit www.studentaid.gov.
FEDERAL WORK STUDY (FWS)
• A student earns money while working and attending school; FWS does not need to be repaid.
• Student employees are paid an hourly wage that meets or exceeds federal and state minimum wage requirements. Wages are paid
directly to the student every two weeks. by check
• Employment is part-time, usually 5 -20 hours per week and can be on or off campus.
• A student interested in a work study position should contact the Financial Aid or Career Services Offices for open positions.
• A student must demonstrate financial need as defined by the U.S. Department of Education.
• There is no minimum or maximum annual award or aggregate limit.
FEDERAL STUDENT AID ELIGIBILITY REQUIREMENTS
To receive Federal Student Aid, a student must meet the following general eligibility requirements. A student must:
• Be a U.S. citizen or national or be an eligible noncitizen;
• Have a valid high school diploma or equivalent, or meet homeschool requirements;
• Be enrolled for the purpose of seeking a certificate, diploma or A.S.B. degree;
• Be enrolled in an approved educational program;
• Have a valid social security number;
• Be registered with Selective Service, if you are a male (you must register between the ages of 18 and 25);
• Have signed certifying statements on the Free Application for Federal Student Aid (FAFSA) stating that
- The student is not in default on a federal student loan and does not owe a refund on a federal grant and
- The student will use federal student aid only for educational purposes;
• Provide additional documentation and information to complete verification, resolve database match problems, and meet eligibility
requirements to pay Federal Student Aid.
• Maintain satisfactory academic progress while in school; and
• Meet additional eligibility requirements, including financial need, for each specific Federal Student Aid program.
APPLYING FOR FEDERAL STUDENT AID
A student interested in receiving funds from any of the Federal Student Aid a student programs listed above, must complete the Free Application for Federal Student Aid (FAFSA) at www.FAFSA.gov. DEC’s Federal School Code is 013957, and must be provided on the FAFSA in order for DEC to receive application data. A student should never pay for assistance in completing the FAFSA; contact the Financial Aid Office for assistance. A student attending school in two award years (July 1st – June 30th) may need to complete two FAFSAs.
There is no additional application for Federal Pell Grant, FSEOG, or IASG.
To receive a Direct Loan, the student must also complete an MPN (Master promissory Note) at www.studentloans.gov.
To receive a PLUS Loan, the parent borrower must complete the loan application and MPN (Master Promissory Note) at www.studentloans .gov.
To receive FWS, a student must submit a student employment application when a position is open.
FINANCIAL NEED
The U.S. Department of Education defines Financial Need as the difference between a student’s Cost of Attendance (COA) budget and his/her Expected Family Contribution (EFC). Financial Need is calculated based on the program the student is
Page 34 of 88 Catalog Volume 62 -Version 3 Effective June 5, 2020