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Federal Financial Aid is financial assistance
provided to students who fill out the FAFSA
application and meet the requirements.
Financial aid can include:
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Pell Grant
Oregon Opportunity Grant
Federal Supplemental Education Opportunity Grant
Federal Work-Study
William D. Ford Direct Stafford Loans
Parent PLUS Loan
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Determined by FAFSA
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Household size
Income
Federal Benefits (SNAP)
Child support
Citizenship or eligible non-citizen status
Major
Previous aid used
Previous academic history
Defaulted student loans
Previous drug convictions while receiving aid
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Basic information: Name, Address, DOB, SSN,
Citizenship status
Income information: Students can link their
FAFSA with the IRS or type in their income from
their 1040
Parents information: If the student is under 24 by
the first day to apply for that years FAFSA
FAFSA Pin Number
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FAFSA randomly selects some students for
verification
Verification means that the Financial Aid
Office has to collect documents determined
by FAFSA
These documents must be reviewed
If anything is missing or does not match the
documents turned in, the Financial Aid Office
is required to update FAFSA before we can
process an award
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Documents that can be asked for include
◦ Household size verification
◦ Tax return transcripts or W2s if the student was not
require to file taxes
◦ SNAP documentation
◦ Childcare cost documentation
◦ Child support verification
◦ Selective service documentation
◦ High school completion documentation
◦ Identity documentation
◦ Citizenship documentation
◦ Other documents as needed
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FAFSA submits applications to schools that
the students put on their application
Submitted to schools in large batches,
sometimes this can be several thousand at a
time
Applications go through a series of checks
before they are loaded into Banner
Banner upgrades at the beginning of the year
often cause delays
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Priority Deadlines
◦ It takes several weeks for students to go through
the financial aid process
◦ Students who want to guarantee their aid for an
upcoming term should review and make sure they
meet the priority deadlines on the financial aid
website
Term you plan
to start
2013-14 FAFSA
submitted by
Satisfy
requirements by
Summer 2013
February 15, 2013
April 15, 2013
Fall 2013
April 15, 2013
July 1, 2013
Winter 2014
July 15, 2013
September 1, 2013
Spring 2014
October 15, 2014
January 1, 2014
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Students must make acceptable payment
arrangements
◦ Third Party funding
◦ Payment plan
 Financial aid can still come in during the term
 Students who are not awarded have to pay out of
pocket for books as well as tuition and fees
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Students may choose to wait until the
following term
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Satisfactory Academic Progress
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Good
Warning
Suspension
Probation
Probation with an academic plan
What Financial aid looks at
◦ Cumulative GPA must be 2.0 or higher
◦ Students must complete 2/3rds of attempted
credits
 These are Federal requirements
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Time Frame Extension
◦ Students must complete with 150% of the number
of credits required for their degree
 These are Federal requirements
◦ Students within 36 credits (a standard academic
year) must submit a Time Frame Extension
◦ Students must create an academic planner for
required coursework
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Return of Title IV funds
◦ When a student withdraws or doesn’t pass any
coursework for a term
 Determined by the percentage of a term that the
student completes
 Can result in the student owing part, or all of their
financial aid back
 These are Federal regulations
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Repeat coursework
◦ Financial aid can only pay for a student to take a
course two times.
 If a student takes a course and either withdraws or
receives an “F” the student can retake the course until
they receive a “D” or higher.
 Students may take a course more than twice, but the
course can not be counted in the number of credits
that determines the students level of eligibility
 These are Federal regulations
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Located on my.pcc.edu
Contains information on students financial
aid including:
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If we have received the application
If the student needs to turn in documents
If the student has an award
If the student can charge books
What the financial aid status of the student is
Shows a
students
application
status
Shows the date
we are
receiving
completed
FAFSA’s from
Needs to
be on the
correct
academic
year year.
This will
default to
the current
year.
Requirements
that still need
to be
completed
show up as
red flags
under the
clipboard icon
Students can read about types of aid
and managing their financial aid
Students can click here to
accept or decline their
terms and conditions and
their award offer
SAP status is
under the
notifications.
Students can
see these on
the stoplight
channel of
the
dashboard.
Bookstore
charging can be
seen under the
stoplight
channel of the
dashboard
Resources for
students that
help them find
their loan
debt, what
their
payments
would be, how
to find
scholarships
and help them
manage
finances
Shows a
students
application
status
Shows the date
we are
receiving
completed
FAFSA’s from
Needs to
be on the
correct
academic
year year.
This will
default to
the current
year.
For certain
problems on
FAFSA,
Students must
go to
www.fafsa.gov
to make
corrections
This only
happens when a
student doesn’t
have a valid
FAFSA
application.
When a student
logs into FAFSA,
they can view
their student aid
report that tells
them what needs
to be corrected
Requirements
that still need
to be
completed
show up as
red flags
under the
clipboard icon
Satisfied
requirements
show on a
students
dashboard as
green checks
Students can read about types of aid
and managing their financial aid
Students can click here to
accept or decline their
terms and conditions and
their award offer
Students can view or
print their award
letter even after they
have accepted it
Students can check
disbursements dates here
SAP status is
under the
notifications.
Students can
see these on
the stoplight
channel of
the
dashboard.
Bookstore
charging can be
seen under the
stoplight
channel of the
dashboard
Bookstore
charging can
also been
seen on the
requirements
tab, which is
under the
clipboard
icon
DNP
indicators
show under
the paying
for college
tab, not
directly on
the
dashboard
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Pell Grant
◦ Determined by Expected Family Contribution, which
demonstrates financial need which is calculated by
FAFSA
◦ Not paid back
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Oregon Opportunity Grant
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Determined by the Oregon Student Access Commission
Must meet OSAC deadline
Must have financial need
Must be Oregon residents
Enrollment in 6 or more credits
Not paid back
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Federal Supplemental Educational
Opportunity Grant
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Must have Pell eligibility
Limited funding (first come first serve)
Enrollment in 6 or more credits
Not paid back
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Must be requested on FAFSA application
Must have financial need
Limited funding (first come first serve)
Enrollment in 6 or more credits
Not paid back
Federal Work-Study
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William D. Ford Direct Stafford Loans
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Subsidized and Unsubsidized
Must be paid back
Interest of 3.86%
Enrollment requirement of 6 or more credits
No payments required while students meet enrollment
requirements
Parent PLUS Loans
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Loan is in parents name
Must be paid back
Interest of 6.4%
Enrollment requirement of 6 or more credits
Requires parent to pass credit check
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Loans
◦ Direct Loan Request Form
◦ Pick what term and what fund you want to reduce
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Grants
◦ Please see the Financial Aid Office
Have you checked the disbursement schedule?
Has your enrollment level changed?
Full Time
¾ Time
½ time
¼ Time
12+ credits
9-11 credits
6-8 credits
5 or less
credits
See how
much aid
you have
used
See what
your
payments
will be
Find other
money
Create a financial plan
http://www.pcc.edu/vets
The Veteran Services
Webpage can help
students understand
how to apply for and
use their veterans
benefits.
Complete the
online
application 6
weeks prior to
attending.
Be
admitted
to PCC
Students
need to
bring the
certificate of
eligibility
that they
received by
applying for
benefits
After meeting with
a veterans
specialist,
students can
register
Students need to
submit their
schedule online to
be certified
Located just to the right of the dashboard
Notification on the
dashboard changes to
reflect the students status