GRANTS
FEDERAL PELL GRANT For 2010-11 Pell
Grants ranged up to $5,550 a year for full-time, $4,163 for three-quarter
time, $2,775 for half-time, and $1,388 for less than half-time enrollment.
Undergrads only. FUNDING: U.S. Govt.
FEDERAL ACADEMIC COMPETITIVENESS GRANT
Awards are up to $750 for first-year students and $1,300 for second-year
students who have completed a rigorous high school program of study.
Pell-eligible students only. Undergrads only. FUNDING: U.S. Govt.
MASSGRANT For 2010-11, awards at Massachusetts
Community Colleges ranged up to $900 per year depending on the need.
Full-time undergraduate students only. FUNDING: State of Mass.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY
GRANT Grants normally do not exceed $200 at HCC. Preference
to Pell-eligible students with zero EFCs. Undergrads only. FUNDING:
U.S. Govt.
HCC FINANCIAL AID TUITION WAIVER Tuition
Waivers reduce tuition charges and can range up to the full amount
of in-state tuition. Undergrads only. FUNDING: State of Mass
.
MASS. FURCOLO ACCESS GRANT Awards cannot
exceed tuition and fees. Undergrads only. FUNDING: State of Mass.
PART-TIME STUDENT GRANT Award offers range from $200 to $450.
Limited to eligible students enrolling for 6 to 11 semester hours
per term. Undergrads only. FUNDING: State of Mass.
INSTITUTIONAL GRANT Grants are normally
limited to direct educational costs. Undergrads only. FUNDING: HCC
HCC EDUCATIONAL ACCESS GRANT Award
offers generally ranged from $150 to $300 in 2009-10. Undergrads
only. FUNDING: HCC
LOANS
FEDERAL DIRECT STAFFORD LOAN A low
interest educational loan of up to $5,500 per year (no more than
$3,500 can be subsidized) for freshman and $6,500 per year (no more
than $4,500 can be subsidized) for sophomores. (Independent students
can borrow up to an additional $4,000 in an unsubsidized loan, if
needed.) If subsidized, interest is not charged and the repayment
period does not begin until six months after the borrower ceases
to be at least a 1/2 time student. All subsidized Stafford Loans
first disbursed on or after July 1, 2010 have a fixed interest rate
of 4.5%. All unsubsidized Stafford Loans first disbursed on or after
July 1, 2006 have a fixed interest rate of 6.8%. . FUNDING: U.S.
Govt.
FEDERAL DIRECT PLUS LOANS A loan for
parents of dependent students. Interest is charged from the date
of the first disbursement. All Direct PLUS loans disbursed on or
after July 1, 2006 have a fixed interest rate of 7.9%. The loan
requires a credit check. FUNDINGG: U.S. Govt.
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FEDERAL
WORK STUDY (FWS) FWS provides jobs for
needy applicants. FWS awards typically allow students to work an
average of 10 to 12 hours per week during the school year. Sometimes
additional hours are available during the summer and other vacation
periods, but rarely would total hours exceed 30 per week. Hourly
rates range from $8.00 to $9.15. Payroll is every two weeks. FUNDING:
US Govt. & HCC.
For more detailed information regarding federal and state student
aid programs
the student should check the following web sites:
U. S. Department of Education (http://federalstudentaid.ed.gov/)
Massachusetts Office of Student Financial Assistance (www.osfa.mass.edu)
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