Type of Aid
2012-2013
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Other Information
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Annual
Award Limits
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Disbursement
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Enrollment Requirement
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Pell Grant
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Available to undergraduates only. Does not have to be repaid.
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up to $5,550
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School applies funds to students once each term.
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Prorated:
12+ credits receive 100%,
9-11 credits receive 75%,
6-8 credits receive 50%,
1-5 credits receive 25%
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Supplemental Educational Opportunity Grant
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Available to undergraduates only. Does not have to be repaid.
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up to $600
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School applies funds to students once each term.
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Must be enrolled in credits.
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Oregon Opportunity Grant
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Does not have to be repaid.
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amount will vary
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School applies funds to students once each term.
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Students enrolled in six credits or above may receive a prorated amount.*
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Federal Work-Study
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Money is earned and does not have to be repaid.
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Rate of pay is $8.80 per hour.
May earn up to $2,700
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School issues check to student once a month for actual hours worked.
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Must be enrolled in credits.
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Direct Subsidized Loan
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The Department of Education pays interest while the student is in school and during grace and deferment periods. Money is borrowed and does have to be repaid.
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Freshman:
1-44 COCC credits up to $3,500.
Sophomore:
45+ COCC credits up to $4,500.
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Department of Education provides the funds for schools to apply toward students.
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Must be at least 6 or more credits.
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Direct Unsubsidized Loan
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The student is responsible for the interest. Money is borrowed and does have to be repaid.
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Dependent student may borrow up to $2000.
Independent student may borrow up to $6,000.
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Department of Education provides the funds for schools to apply toward students.
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Must be at least 6 or more credits.
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Parent Loan to Undergraduate Student
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Available to parents of dependent undergraduate students. Money is borrowed and does have to be repaid.
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Cost of attendance minus any other financial aid received.
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Private lenders provide funds to schools to disburse to students.
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Must be at least 6 or more credits.
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* The Oregon Opportunity Grant is an ESTIMATE based on state economic information. This amount may be adjusted when final state appropriation levels are known
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