Financial Aid

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Types of Aid


Scholarships:

The SBCC Financial Aid Office offers scholarships to high school seniors and current SBCC students. Scholarships are awarded on academic achievement, community involvement or extra curricular activities and/or financial need. Gifts and endowments from private individuals, corporations, community organizations, and other foundations fund scholarships.

Private scholarships are derived from a variety of organizations that provide scholarship opportunities to students. Please contact the scholarship coordinator in the SBCC Financial Aid Office for more information.


Board of Governor's Fee Waiver (BOGW)

The BOGW waives enrollment fees to qualifying students who are California residents. Health fees will no longer be waived. To qualify, you must meet the following income requirements or other eligibility criteria outlined on the application. To apply Download the Application. Submit completed application to the Financial Aid Office.

For 2013-2014

Family Size

Year 2012 Income

1

$16,755

2

$22,695

3

$28,635

4

$34,575

5

$40,515

Each Member

+$5,940



Federal Work Study

If a student is offered Federal Work Study as part of his/her financial aid package, the SBCC Financial Aid Office will help students find a part-time job on or off campus. If possible, students will be placed in work related to his/her studies or career plans, or in community service. A student will generally earn between $8.50 and $14.50 per hour and be paid once per month.


Federal Pell Grants

Pell Grants are awarded solely on demonstrated financial need to every eligible undergraduate student who hasn't already earned a bachelor's degree or professional degree. Pell Grants don't need to be repaid. They can be used for tuition, fees, and living expenses. A student can even receive a Pell Grant if he/she is attending college less than half time.


Federal Supplemental Educational Opportunity Grants (SEOG)

The SBCC Financial Aid Office awards these grants to undergraduate students who have exceptional financial need, with priority given to Pell Grant recipients. Unlike Pell Grants, there's no guarantee every eligible student will receive one. In addition, funds are limited. These grants don't need to be paid back.


Cal Grants

Cal Grants are awarded on demonstrated financial need and academic achievement as measured by a GPA to undergraduate students who haven't already earned a bachelor's degree or professional degree. Cal Grants don't need to be repaid. They can be used for tuition, fees, and living expenses. Contact the California Student Aid Commission at 1-888-224-7268 or visit their web site at www.csac.ca.gov for more information regarding deadlines and availability of funds.


Federal Direct Loans

There are two types of Direct Loans: subsidized, for which the government pays the interest while the student is in college; and unsubsidized, for which the student is responsible for paying all the interest on the loan, during college and after. A student can receive both types of loans at the same time.

For Direct subsidized loans first disbursed on or after July 1, 2012, the fixed interest rate is 6.8%.  Direct unsubsidized loans have a fixed interest rate at 6.8%. After graduating, leaving school, or enrolling less than half time, a student will have a six month "grace period" before the first loan payment is due. All student loans must be paid back with interest. Typically a student will have 10 years to repay the loan.



Federal PLUS Loans for Parents

With PLUS Loans, a student's parents or stepparents may borrow up to the total cost of a student's education, minus any other aid that the student receives. PLUS loans are not based on a student's family's income or assets and are only for undergraduate study.

The current interest rate is fixed at 7.9%. Interest is charged from the date loan funds are first disbursed until the loan is repaid in full. Generally repayment starts within 60 days of the loan's final disbursement for the school year, so a student's parents may be repaying both the loan and the interest while the student is still in college.  The parent may apply for a deferment based on the student's half-time enrollment which will defer payments until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis.  PLUS loan deferments based on student enrollment must be applied for by the parent. 


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