Page 64 of Delgado Community College 2005-2006 Catalog by Delgado Community College New Orleans Louisiana

Financial Assistance is the economic assistance available to help students meet the difference between what they can afford to pay and what it will actually cost to go to school. This assistance is provided in one of the following forms: 1. Grants Grants are a form of nonrepayable assistance sometimes referred to as gift aid (free money). Grants are awarded based on the students need and availability of funds. 2. Scholarships Academic scholarships are awards based on academic achievement. Participation in student activities or special talents are required for Leadership Scholarships. Scholarships do not have to be repaid. 3. Loans Loans are financial awards with a low interest rate made to students attending at least half-time, which must be repaid to your lender. Some loans can be cancelled if students meet certain program regulations. Repayments usually begin 6 months after graduation, withdrawal from school, or when a student drops to less than half-time. All first-time loan recipients must attend a pre-loan counseling session before receiving student loan funds. In addition, Delgados Federal Default Management Program requires that all funds for first-time loan recipients be delayed thirty (30) days from the first day of class. 4. Employment Employment opportunities are provided through the Federal College Work-Study Program, the Federal Community Service Program, and the Campus Work-Study Program. GRANTS Federal Pell Grant The Pell Grant is an entitlement program. It is awarded to help undergraduates pay for their college education. Unlike loans, grants do not have to be paid back. Students who have earned a bachelors degree are ineligible for a Pell Grant. To qualify for a Pell Grant the student must have financial need and be enrolled in a degree-seeking program on a fullor part-time basis. Federal Supplemental Educational Opportunity Grant (FSEOG) FSEOG money is limited and available only for those who have exceptional financial need. Students with exceptional financial need are those who are eligible for a Pell Grant, have the lowest expected family contribution, enrolled at least half-time, and still have unmet financial need. Leveraging Educational Assistance Partnership (LEAP, formerly SSIG) The LEAP grant is awarded on a first-come, first-served basis for those students that meet the requirements stated below. The priority deadline is May 1. Funds are limited. The amount awarded is determined by the funds available in a given year. To be eligible for consideration, you must: Be a U.S. citizen or eligible non-citizen. Be a Louisiana resident for at least one year. Have graduated from high school with at least a 2.00 cumulative GPA, or a minimum average score of 45 on the GED, or at least a 20 on the ACT or a cumulative postsecondary GPA of at least 2.00 Be enrolled as a full-time undergraduate student. Annually apply for federal and state student aid. Have financial need of at least $199 Not be in default on an educational loan nor owe a repayment on an educational scholarship or grant. Federal College Work-Study (FCWS) The College Work-Study Program provides jobs to earn money for school expense. The amount of award is based on need and availability of funds. College Work-Study pays at least the minimum wage, and the student is paid approximately every two weeks. Community Service Work-Study involves working on- or off-campus in a community service position. 63

[close]