Federal Grants

Pell Grant

The Federal Pell Grant is an entitlement program.  Students must demonstrate financial need to qualify. The student must complete and submit the Free Application for Federal Student Aid (FAFSA) to have financial need determined.

Purpose: The Federal Pell Grant is federally funded with the purpose of helping financially needy students meet the cost of post-secondary education. This program is centrally administered by the Federal Department of Education.

Determining Eligibility: Stanly Community College deems the Pell Grant as the foundation of a student’s financial aid package. A student requesting financial assistance must establish their Pell Grant eligibility before financial assistance is determined. Student eligibility is determined through the Department of Education using the Federal Methodology need analysis formula.

The enrollment status of students is not determined until after the end of the drop/add period. Disbursements will be based on the student’s class schedule as of the 10% point of the semester.

OR if a student is only enrolled in late start classes (classes that begin after the 10% point of the semester) the enrollment status will be based on the start date of each class.

The actual amount of Pell Grant is determined by the enrollment status for each student.

 

The award will be reduced proportionally if enrolled for less than full-time, i.e.

 - ¾ time or 75% of the full-time semester award if enrollment is 9 to 11 credit hours

 - ½ time or 50% of the full-time semester award if enrollment is 6 to 8 credit hours

 - Less than ½ time or 25% of the full-time semester award if enrollment is 1 to 5 credit hours.

 

Disbursement dates are posted on the Financial Aid Calendar.  Students beginning classes before the 10% point of the semester would have one disbursement date - about 30 days after the start of the semester. 

Students beginning all classes after the 10% point of the semester may have multiple disbursement dates depending on when their classes begin.  Disbursements are typically 30 days after the start of classes.

 

Pell awards are recalculated when there is a change in the EFC, change in enrollment status and when the cost of attendance changes.

Students must submit a FAFSA by June 30th of the academic year, i.e. for the 2017-2018 academic year, the deadline in is June 30, 2018. No applications will be accepted by the Department of Education after the deadline.

Students who submit FAFSA’s after the end of an enrollment period for which the student has met all the necessary criteria, will receive a retroactive (late) award provided the students file is complete prior to the last day of classes for the academic year. Students will not receive a retroactive (late) award for classes that have been withdrawn or received a grade of “F”.

Students who do not use their entire Pell allocation during the Fall and Spring semesters may use the balance during the following summer Summer period. It is the responsibility of the students to inform the Financial Aid Office of the student’s intent to enroll during the Summer semester to insure Pell Grants funds are reallocated. 

 

FSEOG

To receive a Federal Supplemental Educational Opportunity Grant (FSEOG), a student must have financial need and must meet the general eligibility requirements of the Pell Grant. Students with the lowest EFCs who will also receive Pell Grants for the award year have primary consideration for an FSEOG. If, after giving FSEOG awards to all its Pell recipients, a school has FSEOG funds remaining, it can award those funds to eligible students with the lowest EFCs who will not receive Pell Grants.

Additionally, to receive an FSEOG, one must be enrolled or accepted for enrollment as an undergraduate student and must not have previously earned a bachelor’s or first professional degree. A school must make FSEOG funds reasonably available (to the extent that funds remain) to all eligible students.

SEOG funds are limited and may be subject to reallocation if not disbursed.