Title IV Federal Student Aid Programs
Federal Aid Eligibility
Students must meet the following criteria to be eligible for Title IV student aid programs:
- Have financial need, except for some loan programs.
- Have a high school diploma or GED certificate.
- Be enrolled or accepted as a degree-seeking student.
- Be a U.S. citizen or eligible non-citizen.
- Have a valid Social Security Number.
- Make satisfactory progress.
- Sign a statement on the FAFSA certifying that the student will only use federal student aid for educational purposes, and that the student is not in default on a federal student loan and that the student does not owe any money on a federal student grant.
Federal Pell Grant
The Office of Financial Aid can only award a Pell Grant to undergraduate students that have not earned a bachelor’s or professional degree. The maximum award amount for the 2011-2012 academic year is $5,550. Federal methodology bases the amount of the award on the EFC, the cost of attendance, enrollment status (full-time or part-time), and the number of semesters attended in the academic year. Students do not have to repay a Federal Pell Grant.
Federal Supplemental Educational Opportunity Grant (SEOG)
The Supplemental Educational Opportunity Grant (SEOG) is for returning students with exceptional financial need, that is, students with the lowest EFCs. Like the Pell Grant, students do not have to repay a SEOG.
Federal Work-Study Program
The Federal Work-Study Program provides jobs for students with financial need, allowing them to earn money to help pay education expenses. TFC employs many students through the work-study program. Since there are fewer positions than eligible students, the college confirms work-study awards in the order that it receives deposits. The college expects students to perform work functions for all hours documented on their time cards. The college takes federal and state taxes out of wages earned and issues checks to students on a monthly basis.
The Federal Department of Education provides a complete list of federal financial aid programs and policies.
For more information reguarding elegibility and wages please visit the Student Employment section of myTFC.