Maintaining Your Eligibility

Satisfactory Academic Progress
Consortium Agreement Terms
Financial Aid Enrollment Status
Limits for Financial Aid
Types of Financial Aid
Federal Annual and Aggregate Loan Limits

Financial Aid Enrollment Status

Your financial aid eligibility will be based on your enrollment status at the end of the first week of the term, or at the time of disbursement if you accept your Financial Aid Awards after the first week.  This means that your financial aid eligiblity may change if you add, drop or withdraw from classes.  The Financial Aid Awards reflect full-time enrollment.  Actual enrollment is defined as follows:

Full Time: 12 or more credits
3/4 Time: 9 to 11 credits
1/2 Time: 6 to 8 credits
1/4 Time: 1 to 5 credits

Exception:  Only courses that count toward degree completion will be counted toward financial aid enrollment.  If you have reached the 150% financial aid time-frame limit (135 attempted credits for a 90 credit associates degree), you may no longer be eligible for financial aid.

In order to maintain your eligibility to receive financial aid, you must meet the following requirements:

  • You must be a degree-seeking student.
  • You must meet Satisfactory Academic Progress (SAP).
  • You must be currently enrolled at least 1/4 time (1/2 time for loans).

Limits for Financial Aid

A student cannot receive more financial aid than it costs to attend a school.  All tuition assistance received (including Tribal, Work Connection, NAFTA, Scholarships, Vocational Rehabilitation, etc.) is included in the total financial aid pakcage.  The following budget is for a three term academic year:
Klamath Community College 2017-2018 Cost of Attendance

Budget Items Dependent Independent
Tuition & Fees 4,170 4,170
Books & Supplies 1,500 1,500
Room & Board 4,920 10,701
Transportation 1,674 1,674
Miscellaneous 3,561 3,561
Total Costs $15,825 $21,606

 

Types of Financial Aid


Federal Pell Grant provides funds to students who meet eligibility requirements according to federal guidelines. The amount received is determined by your expected family contribution and enrollment status. Pell Grants are originally awarded on the online financial aid portal at full-time enrollment, but will be disbursed according to your actual enrollment each term. Award amounts for the 2017-2018 academic year will range from zero to $1,973 per term. This grant will generally be available beginning the third Tuesday of each term. Pell Grants are limited to three full-time academic quarters each year, therefore, any Pell Grant funds used during summer quarter will reduce the award for your spring term. Beginning July 1, 2012 a lifetime limit for Pell Grant funds was imposed. Students may receive the equivalent of 18 full-time quarters (6 years) of Pell Grant.

Federal Supplemental Education Opportunity Grant (FSEOG)
is awarded to students with exceptional need according to federal guidelines. Funding is limited to eligible students and awarded on a first-come, first-served basis, at the determination of the institution. Award amounts for the 2017-2018 academic year will be $200 per term for full-time enrollment and $100 for half-time enrollment. No FSEOG funds will be given for enrollment less than half-time (6 credits).  FSEOG funding is only available fall through spring term.

Oregon Opportunity Grant (OOG) is awarded to legal Oregon residents who meet the state eligibility requirements. Awards are available for both full-time and part-time enrollment. Eligibility is determined by the Office of Student Access and Completion (OSAC). The maximum full-time award for the 2017-2018 academic year is $750 per term. The maximum part-time award is $375 per term. No award is given for enrollment less than half-time (6 credits). OOG funding is only available fall through spring term and students must be enrolled fall term to receive funding for subsequent terms. Criteria for OOG are as follows:

  • Recipients must be Undergraduate students.
  • Eligiblity is limited to 8 semesters or 12 quarters.
  • OOG is transferable to other eligible institutions in Oregon.
  • Information supplied by a recipient is subject to verification by the institution; failure to provide verification information will result in cancellation of the award.
  • Students need to apply annually to be considered for renewal.
  • A recipient may not receive an OOG award if enrolled in a course of study leading to a degree in theology, divinity, or religious education.
Oregon Promise is a state grant program that covers some or all of the tuition at an Oregon community college. Oregon Promise is for recent Oregon high school graduates and GED recipients who enroll in an Oregon community college within six months of graduation.  Eligibility is determined by the Office of Student Access and Completion (OSAC).  

In order to be eligible to participate in the Oregon Promise program, a student must:

  • Complete an Oregon Promise Grant Application
  • Be a recent Oregon high school graduate or GED recipient
  • Document a 2.5 cumulative high school GPA or higher; or a GED score of 145 or higher on each test
  • Enroll at least half-time at an Oregon community college within 6 months of high school graduation or GED completion
  • Be an Oregon resident for at least 12 months prior to enrolling in community college
  • Have filed a FAFSA or ORSAA application and listed at least one Oregon community college
  • Enroll in the Fall 2016 community college term within six months of high school completion
  • Enroll in courses at an Oregon community college required for one year curriculum for students transferring to another postsecondary institution, an associate's degree, or a program in career and technical education
  • Not have completed more than 90 credit hours or the curriculum/programs noted above
Federal Work Study (FWS) provides part-time employment , both on-campus and off-campus, for students who meet eligibility requirements. A student may work a maximum of 20 hours per week during the academic year to earn the amount listed on their financial aid award screen. Students interested in participating in the work study program can view open positions and complete an application online by clicking here. If approved for a work study position, you must complete a Work Study Request form with the Financial Aid Office and meet with Human Resources to fill out I-9 documentation, as required by the Immigration Reform and Control Act of 1986, before employment can begin. Eligibility of funds does not guarantee employment.

Federal Direct Subsidized Stafford Loan is a deferred interest loan based on financial need. If you qualify, the federal government pays the interest on your loan while you are in school maintaining at least half-time enrollment, and during any period of authorized deferment (postponement of repayment). Students are responsible to pay the interest that accrues during the 6-month grace period. If the interest is not paid, that amount will be added to the principal balance of the loan. For the 2017-2018 academic year, the interest rate is fixed at 4.45%.

Federal Direct Unsubsidized Stafford Loan is not based on a student's financial need. Interest begins to accrue as soon as the loan is disbursed. Students may choose to pay the interest while they are in school, or the interest can be capitalized and paid later. For the 2017-2018 academic year, the interest rate is fixed at 4.45%.

Origination fees (up to 1.066% of the loan for both subsidized and unsubsidized) will be deducted from each disbursement. Stafford loan repayment begins six months after you leave school or drop below half-time enrollment.

 

Federal Annual and Aggregate Loan Limits


The maximum loan amount that a student may receive in the Federal Stafford Loan Program (subsidized and/or unsubsidized) is set by federal regulations and is determined by the number of degree credits a student has earned. First year loan limits apply to students who have earned less than 45 degree credits. Second year loan limits apply to students who have earned 45 or more degree credits. Math and language classes less than 100 level do not count toward degree credits, but are financial aid eligible.

Annual Loan Limits

  Dependent Students (whose parents were not denied a PLUS loan) Independent Students (and Dependent Students whose parents were denied a PLUS loan)
Academic Year Combined Base Limit for Subsidized and Unsubsidized Loans Additional Limit for Unsubsidized Loan Maximum Federal Subsidized and Unsubsidized Combined Loans Combined Base Limit for Subsidized and Unsubsidized Loans Additional Limit for Unsubsidized Loan Maximum Federal Subsidized and Unsubsidized Combined Loans
                                                                                                                                           
1st Year $3,500 $2,000 $5,500 $3,500 $6,000 $9,500
2nd Year $4,500 $2,000 $6,500 $4,500 $6,000 $10,500
 
Aggregate Loan Limits
Undergraduate Dependent students can borrow a maximum of $31,000, of which no more than $23,000 can be in subsidized loans. Undergraduate Independent students can borrow a maximum of $57,500, of which no more than $23,000 can be in subsidized loans.

With the exception of first time borrowers, loan funds are generally available beginning the third Tuesday of each term. Loan funds are received electronically from the Department of Education. Students must complete a Direct Loan MPN and Direct Loan Entrance Counseling before loan funds will be disbursed. Funds are credited to the student’s account and excess funds are distributed to the student as a refund check.
 
Subsidized Loan Maximum Eligibility Period
If you are a first-time borrower on or after July 1, 2013, there is a limit to the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. This time limit does not apply to Direct Unsubsidized Loans or Direct PLUS Loans. If this limit applies to you, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period.” Your maximum eligibility period is generally based on the published length of your current program.

For example, for a two-year associate’s degree program, the maximum period for which you can receive Direct Subsidized Loans is three years (150% of 2 years = 3 years).
Because your maximum eligibility period is based on the length of your current program of study, your maximum eligibility period can change if you change to a program that has a different length. Also, if you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count toward your new maximum eligibility period.

Additional information about the maximum eligibility period can be found here.