The SECU Foundation Scholarship has been awarded for 2014-2015.
Department of Financial Aid News and Updates
The Financial Aid office is no Longer accepting Applications for Work Study Positions.
Deadline dates for future Loan application submission:
Fall Semester: November 1st
Spring Semester: April 1st
Summer Semester: June 1st
Lifetime Eligibility for Federal Pell Grant
New regulations (Consolidated Appropriations Act of 2012) effective July 1, 2012 limits the receipt of a Pell Grant to a lifetime limit of up to 6 full-time years (600%) which is equal to 12 full‐time semesters. This law has significantly impacted the Pell Grant Program. This change affects all students regardless of when or where they received their first Pell Grant. The U.S. Department of Education will track the limits for student’s eligibility.
The 600% total eligibility applies at all schools and colleges. However, once a student has earned a Bachelors Degree, he/she is no longer eligible for
a Pell Grant even if he/she has not received the entire 600% eligibility. In addition, a student must also meet and maintain satisfactory academic
progress standards to remain eligible each year.
If a student has exceeded the 12‐semester/600% maximum, he/she will be ineligible for any additional Pell Grant and other federal and state funds.
There is NO grandfather clause nor an appeal process for LEU based on Federal Regulations. This regulation is in effect even if student has had an appeal approved for failure to meet satisfactory academic progress in past semesters, it supersedes any prior offer of aid/award, and there is NO appeal or exception.
Who does this affect?– Everyone!
- How can I see my Lifetime Eligibility Used (LEU) percentage? You can log on to the National Student Loan Data System (NSLDS) at http://www.nslds.ed.gov/nslds_SA/ and use your Federal Student Aid PIN and view your LEU.
- How is my Federal Pell Grant LEU calculated? Go to http://studentaid.ed.gov/types/grants-‐scholarships/pell/calculate-‐eligibility.
- Learn more about Federal Pell Grants at: http://studentaid.ed.gov/types/grants-‐scholarships/pell.
Remember, loans are not the same thing as grants and must be paid back. Federal Direct Stafford Student Loans payments typically begin six months after the point that you are no longer enrolled or drop below six credit hours. Federal Direct Stafford Student Loans are subject to the same rules and regulations as Federal Pell Grants and other federal aid. Loans are to be used for expenses associated with your education. Using loan money to purchase a car, pay legal expenses, make investments, consolidate consumer debts, or pay other non-educational related debts violates federal law and could result in the loss of your borrowing privileges at the college.