It is important that Oakton Community College students be awarded
fairly and equitably. The following procedures help ensure that funds
are distributed to all types and categories of students (i.e.; independent/dependent,
male/female, full-time/part-time enrollment) based
on need, while taking into account that campus based funds (FSEOG,
FWS, STS) are limited. Students who complete their financial aid
documentation requirements on or before May 1 will receive first consideration
for campus-based funding. All
students must complete a Free
Application for Federal Student Aid (FAFSA) and submit necessary
verification paperwork before financial assistance is awarded. Students
must meet all general eligibility requirements and be in compliance
with the academic progress requirements
for financial aid recipients.
Students who
start in the second semester will be considered for campus-based
funds, if funds are still available. Awards may be provided after
the beginning of the term if funds become available due to transfers,
attrition, enrollment, and/or compliance with academic progress
requirements.
Federal
Pell Grant (Pell)
- Determined
from the expected family contribution (EFC) as processed by the
Department of Education.
Illinois
Monetary Award Program Grant (MAP)
- The
Illinois Student Assistance Commission determines this award.
- Students
who are receiving scholarships that provide only for the cost
of tuition and fees may not receive a MAP grant.
Federal
Supplemental Educational Opportunity Grant (FSEOG)
- Awards provided
to Pell-eligible students.
- First consideration
is given to students who complete their applications by the priority
date.
- Maximum award:
$800 for the year (exceptions may be made at the discretion
of the Director of Student Financial Assistance).
- Award is
adjusted based on the student's enrollment.
Federal
Work Study (FWS)
- Available
to students who demonstrate need and indicate an interest in the
program on their Oakton Community College Financial Aid Applications.
- Maximum award:
$3,500 for the year.
- Employment
is available on- or off-campus as a reading tutor in a local elementary
school.
Federal
Academic Competitiveness Grant (ACG)
- Awards provided
to Pell-eligible U.S. citizens who graduated from high school
in 2005 or 2006 in a rigorous high school program (as defined
by the federal government.)
- First year
maximum award: $750 for the year; second year maximum award: $1,300.
- Recipient
must enroll in at least 12 credit hours each semester.
- Must maintain
a 3.0 grade point average (“B” average) in an Oakton
Associate degree program for second year consideration.
Student to Student Grant (STS)
- Awarded to
students who do not receive sufficient need-based grant and scholarship
assistance to pay the costs of tuition, fees, and books.
- Funding
is extremely limited.
- Maximum award:
$800 for the year.
- Awards are
adjusted based on the student's enrollment.
Federal
Direct Stafford Loan
- Provided
to students who need funding for primary educational expenses
and have no other financial assistance available.
- Student
must be in good academic standing with the Office of Student Financial
Assistance and be enrolled for six credit hours of 100-level or
above coursework.
- Approved
on a case-by-case basis.
- Applications
may not be approved.
- Amounts may
be reduced.
- Extensive
loan counseling is required.
Federal
Direct Parent Loan for Undergraduate Students (PLUS)
- Provided
to parents of Oakton students.
- Student
must complete a FAFSA form and submit any necessary verification
paperwork before eligibility is determined.
- Parent must
provide the Office of Student Financial Assistance with the lender's
Application and Master Promissory Note.
Board
of Student Affairs Tuition Assist Grant
- Provided
to students who demonstrate need and are not eligible for other
grants or scholarships or to students who do not receive enought
in grants or scholarships which pay for tuition and fees.
- First consideration
given to students who complete their applications by the priority
date.
- Maximum award:
$1440 for the year, not to exceed tuition and fees.
- Award adjusted
to $60 per credit hour.
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