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Financial Aid

Assisting students in receiving a college education

 

Types of Aid

MoneyNet price calculator

 

There is not just one form of financial aid.

Below is listed the various types. Please takes some time research all that is available to you:

Fee waiver

 

 

Board of Governor's Fee Waiver (BOGFW)

For eligible California residents, the Board of Governor's Fee Waiver (BOGFW) assists students with mandatory enrollment fees for the entire academic year (Summer, fall, and spring semesters) and does not waive any optional fees like the student union fee. There is no limit to the number of units that are covered by the BOGFW. (Assistance for the purchase of books and supplies must be applied for separately at www.fafsa.gov and with the EOPS Office). If you have applied for and are eligible to receive the BOGFW after you have paid your enrollment fees, you will receive a refund of those enrollment fees.

 

AB 540 Students

Please Note: If the Admissions and Records Office determines you have AB540 status, this status does not grant residency, it simply exempts you from paying non-resident fees. This exemption will not allow you eligibility for a Board of Governor's Fee Waiver (BOGFW). For more information regarding AB540, click the following link: AB540

 

 

AB 540 and the California Dream Act

To find out about the California Dream act please visit the CA Dream Act web page.

 

Grants

The Title IV program consists of grants and loans. Federal grants do not have to be repaid.

 

Return to Title IV (R2T4)

Title IV funds are awarded to a student under the assumption that they will attend school for the entire period for which the financial aid is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.

 

If a recipient of Title IV grant or loan funds withdraws from a school after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined. If the amount disbursed to you is greater than the amount you earned, unearned funds must be returned to the school. If the amount disbursed to you is less than the amount you earned and for which you are otherwise eligible, you are eligible to receive a post-withdrawal disbursement of the earned aid that was not received. The Office of Financial Aid will contact you if you meet one of the R2T4 situations above.

 

Cal Grant

Cal Grant awards are state funded monetary grants given to students to help pay for college expenses. The awards do not have to be repaid. If you are a California graduating high school senior or recent graduate, or just got your GED, and meet academic, financial and eligibility requirements and submit two forms by the Cal Grant deadline then you may qualify for a Cal Grant for college or career or technical school.

 

To find out more about the Cal Grant Programs, please click on the link below:

CalGrant.org - How To Apply - Information & Forms

 

 

Federal Pell Grants:

The Pell Grant program is an entitlement award and the largest federal grant program available for college students. Awards are based upon students need as determined by the Department of Education. Students may receive up to $5,645 per academic year. Students may only receive a Pell grant from one institution per term.

 

Summer Pell

Students who attend the summer 2014 semester at Los Medanos College (LMC) may qualify for assistance to help pay for educational expenses. To be considered for a summer 2014 Federal Pell Grant, students must have applied for the 2013 - 2014 academic year and complete the following steps:

 

  1. Be enrolled in summer 2014 classes at LMC at least half time (6 units).
  2. Have on file or submit the 2013-2014 Free Application for Federal Student Aid (FAFSA) by June 30, 2014 and have been deemed eligible to receive a Pell Grant.
  3. Submit all documents to complete your financial aid file by July 1, 2014.
  4. Be Pell eligible enrolled in at least 6 units or greater and have remaining eligibility which exceeds your remaining eligibility.
  5. Be Pell eligible enrolled in at least 6 units or greater and have exhausted all Pell eligibility.
  6. Students who are on suspension or excess units must have appeals approved prior to review of eligibility.

 

NOTE: Students who have remaining eligibility and are enrolled less than half time will only be paid the award amount of the remaining eligibility.

 

Federal Supplemental Educational Opportunity Grant (FSEOG):

The Federal Supplemental Educational Opportunity Grant (SEOG) is awarded to students who receive a Pell grant and demonstrate the highest need. Due to limited funding from the Department of Education, priority is given to full-time students who meet the March 2nd deadline. Awards range from $600 - $1,000 per academic year.

Loans

Loans are funds that you must repay. The Federal Loan programs offer a secure, government-regulated and reasonably affordable way to invest in yourself and your goal of a higher education. Even though some loans are based on financial need, there are programs available to all federally eligible students regardless of income.

 

Federal Direct Loan Program (FDLP)

Federal Direct loans are funds you must repay; they are available to eligible students who experience exceptional financial need and hardship. There are two types of Federal Direct loans, Subsidized Federal Direct loans, funds for which the federal government pays the interest while you are attending school at least half-time at an accredited institution and Unsubsidized Federal Direct loans are loans which are very similar to the subsidized loan with the exception that the student pays both principal and interest. See interest rates: Interest-rate

 

Federal Stafford Loan Limits:  Subsidized Unsubsidized
Freshman $3,500 $6,000 (Independent students)
Sophomore $4,500  $6,000 (Independent students)

Federal Direct PLUS Loans are loans offered to parents of dependent students. Parents may borrow up to cost of attendance minus any other aid awarded to the student. PLUS loans are assessed with an origination fee of 3.5% and are repaid with a fixed interest rate of 8.5%.

 

Scholarships

Scholarships variety of sources. Scholarships typically do not have to be repaid. Many scholarships are extremely competitive, so start researching early.

 

Visit the Scholarships website to learn more.

 

Student Employment

LMC Employment Center

The Employment Center at LMC provides job placement assistance to all LMC students and alumni. We assist employers to obtain qualified employees and train students in competitive self-referral research of positions directly related to their areas of academic preparation. Visit the Employment Center website to learn more.

 

Federal Work-Study (FWS):

The Federal Work-Study program provides part-time employment on campus to eligible students. Priority is given to students who demonstrate the highest need as defined by the Department of Education and who meet the March 2nd deadline date. The advantage of a work-study job is the convenience of working on campus and the opportunity to become a part of the campus community. Awards are based on unmet need and availability of funds. An award ranges up to $2,500 per academic year.  Interested students should contact the Federal Work-Study Coordinator in the Office of Financial Aid for further consideration.