Financial Aid Changes

Change is a Good Thing!

Owlford
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 Please See the Office of Financial Aid if you plan to attend the Summer 2020 semester. We can go over options for summer financial aid.  You'll see more in Fall 2019 and Spring 2020 semesters. Beginning in 2019-2020 and future terms, we will divide financial aid into fall and spring semesters. Summer is treated as an optional semester.

Examples of the prior financial aid packaging:

(Previously we divided aid into three semesters)
Award Type Total Award Fall  Spring  Summer
Pell Grant  $6195  2065  2065  2065
Subsidized Loan  $3500  1167  1166     1167
Unsubsidized Loan  $4282  1427  1428  1427
         
  

Examples of the new financial aid packaging:

Student A :

Student A is Federal Pell Grant eligible and attends full- time for fall and spring semesters.

Award Type Total Award Fall Spring Summer
Pell Grant  $6195  $3098  $3097  0
Subsidized Loan  $3500 $1750  $1750     0
Unsubsidized Loan  $4282  $2141  $2141  0
         














Student A decides to attend half- time (6 credit hours) for the upcoming summer and came in to the financial aid office to find out about summer financial aid. 
  Student A's financial aid offer,with summer, now looks like:

   
Award Type Total Award Fall Spring Summer
Pell Grant  $6195  $3098  $3097  $1549
Subsidized Loan  $3500  $1750  $1750    0
Unsubsidized Loan  $4282  $2141  $2141  0
         
 

Student A is eligible for the additional summer Federal Pell Grant disbursement due to the new Year Round Pell. This rule states if a student is Federal Pell Grant eligible, enrolls fall and spring semester and attends the summer semester at least half-time (6 credit hours), the student is eligible for an additional disbursement of the Federal Pell Grant.

 

Student B :

Student B is not eligible for the Federal Pell Grant but does receive student loans and attends full-time (twelve or more credit hours per semester) for the fall and spring semester.
  Student B’s financial aid offer looks like:
 
Award Type Total Award Fall Spring Summer
Pell Grant  $0  $0  $0  $1549
Subsidized Loan  $3500  $1750  $1750    0
Unsubsidized Loan  $6000  $3000  $3000  0
         
Student B decides to attend half-time (6 credit hours) for the upcoming summer semester and came in to the financial aid office to find out about summer financial aid.
  Student B’s financial aid offer, with summer, now looks like:
 
Award Type Total Award Fall Spring Summer
Pell Grant  $0  $0  $0  $1549
Subsidized Loan  $3500  $1750  $1750    0
Unsubsidized Loan  $6000  $1500  $1500  $3000
         
Student B decided to reduce the loans in the academic year and move that eligibility to the summer semester. This action helped the student pay for summer and the student did not accrue interest on the additional amount of the loan until the summer disbursement. Student B reduced the amount of loan money awarded for fall and spring by $3000 and moved the $3000 to summer.    

Please See the Office of Financial Aid if you plan to attend the Summer Semester and we can we can go over you options for Summer Aid. 

Office of Financial Aid:
 Monday - Thursday 8:00 a.m. - 6:00 p. m.
 Friday 8:00 a.m. - 4:30 p.m.
 Phone: 513.569.1530
Brochure: 
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