SOUTHERN CALIFORNIA EDUCATION CORPORATION

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SCIT Catalog FINANCIAL AID GENERAL INFORMATION In today's society any education after high school will cost time, money and effort. The SCIT Financial Aid Office is committed to providing students and their families with the financial resources they need to finance their education and ensure access to their academic goals. SCIT is an eligible institution participating in federal financial aid programs. Financial aid Is available to those who qualify. The U.S. Department of Education has approved Southern California Institute of Technology for participation in the following programs: • Federal Pell Grant Federal Supplemental Education Opportunity Grant (FSEOG) • Federal Direct Subsidized Loan • Federal Direct Unsubsidized Loan • Federal Parent Loans to Undergraduate Students (PLUS) • Federal Work Study(FWS) Southern California Institute of Technology also participates In the following programs provided by the State of California, contingent on the institutions current eligibility status: • Cal Grant • Cal Grant B • Cal Grant Please Note: The stated financial aid guidelines and procedures may be a combination of constantly changing federal and state regulations. For information regarding the current changes and eligibility status of the institution, please contact the SCIT Financial Aid Office. FINANCIAL AID ELIGIBILITY Eligibility for most financial aid programs is based on financial need and several other factors. Your eligibility Is determined by the information you provide on the Free Application for Federal Student Aid (FAFSA). Basic eligibility requirements include the following: • Be a U.S. citizen or eligible non -citizen; • Be enrolled as a regular student working toward a degree or certificate In an eligible program; • Maintaining Satisfactory Academic Progress; • Not owe a refund on a federal grant or be In default on a federal educational loan. Non -citizens are required to verify eligibility with the Financial Aid Office. Students who are required to register with Selective Service must be registered in order to receive financial aid. Since it is important that you understand the available financial aid programs and your rights and responsibilities under them, the U.S. Department of Education has prepared a brochure entitled THE GUIDE TO FEDERAL FINANCIAL AID PROGRAMS, which explains these federal programs. You may obtain a copy of this booklet from the Financial Aid Office. APPLICATION PROCEDURE The first step in applying for financial aid is to complete the Free Application for Federal Student Aid (FAFSA). This application must be completed every award year and may be completed online at fafsa.ed.gov. FAFSA worksheets are available from the Financial Aid Office to assist students prior to completing the application on the web. In addition to completing the FAFSA, students may be required to submit other supporting documents. The supporting documents vary according to a student's particular situation. For more information, contact the Financial Aid Office. The FAFSA and other documents are reviewed by the Financial Aid Administrator to determine the student's eligibility. The Financial Aid Administrator will review available funds and discuss financial options with the students to finance their education. FINANCIAL AID AVAILABLE FEDERAL GRANTS Federal Pell Grant (FPELL) Pell Grants are awarded on the basis of financial need and do not have to be repaid. They are provided by the federal government and are awarded to students who demonstrate the greatest financial need and have completed their financial aid application. FedbraLSup#mental EducaHonaLOpooitunity Grant (FSEOG) Federal Supplemental Education Opportunity Grants are awarded on the basis of financial need and do not have to be repaid. They are provided by the federal government and are awarded to students who demonstrate the greatest financial need and have completed their financial aid application. It is usually available only to those students who also qualify for the Federal Pell Grant. CALIFORNIA GRANT PROGRAMS (CAL GRANT) Cal Grants are grants provided by the State of California for qualified educational institutions. Due to the need for educational institutions to recertify eligibility to receive Cal Grants, please check with the SCIT Financial Aid office for the current awards available. Applicants must apply for the Cal Grant by published deadlines. Cal GrantA Cal Grant A awards can be used for tuition and fees. Applicants must be working toward a two-year or four-year degree. Cal Grai Cal Grant B awards provide low-income students with a living allowance and assistance with tuition and fees. The minimum course length is one academic year. Cal Grai Cal Grant C awards help pay for tuition and training costs at occupational or career colleges. To qualify, you must enroll in a vocational program that Is at least four months long. Funding is available for up to two years, depending on the length of your program. LOANS Federal DirectSubsid/zed Loan This program is a low interest rate, long-term loan program for undergraduate students who demonstrate financial need. The Page 12 of 69