Financial aid packages are created for students throughout the academic year. Applicants whose financial aid files are complete by College priority deadlines will receive maximum consideration in the distribution of funding resources according to funding criteria. Eligible applicants completing a file after the priority deadline will be packaged with Federal Pell Grant, Federal Work Study (dependent on availability of funds) and loans. Due to limited funding, the College cannot attempt to meet the financial need of students. Santiago Canyon College employs an up-front policy of Grants awards first, work study second and loans last
Guidelines for Awarding Financial Aid:
The Expected Family Contribution (EFC) is determined as a result of the Free Application for Federal Student Aid (FAFSA).
- The Federal Pell Grant is the foundation of the financial aid package and eligibility is based on the Expected Family Contribution (EFC).
- Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded according to federal guidelines. Federal Pell Grant recipients with the lowest Expected Family Contribution have first priority for FSEOG funding. Second priority is given to students with no Federal Pell Grant eligibility and the lowest Expected Family Contribution. The FSEOG award is $600.
- Award packages are created based on expected full-time enrollment. Grants will disbursed on a prorated basis based on enrollment..
- The College reserves the right to issue adjusted award letters due to an error in calculating.
- Student must log on to Web Advisor to view and accept their grants.
- The Board of Governor’s Fee Waiver (BOGW) will be automatically accepted.
- To accept Federal Work Study (FWS) the student must meet with the On-Campus Job Placement Coordinator.
- Student must attend a loan workshop In order to accept their Direct Loan.
NOTE: Due to the large applicant pool and limited funding allocations, not all students meeting the priority deadline are awarded funds from all programs.
Expected Family Contribution
The formula to determine ability to contribute toward the cost of education is legislated by Congress. The Expected Family Contribution (EFC) is the result of the Free Application for Federal Student Aid (FAFSA). For dependent students the EFC is the result of a combination of the parent and student income and asset information. For independent students the EFC is the result of the student and spouse (if married) income and asset information.
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