Award Letter Addendum

The Department of Education has designed the federal financial aid programs to assist you in paying for your direct costs of attending college and assist you in paying for only a portion of your indirect costs of attending college.  At SPC we always award gift aid first to any student who qualifies.  Any student who is interested in an on-campus job or a Stafford Student Loan should request an application from his/her financial aid advisor.  If gift aid is not enough to pay for a student’s education, the student is expected to apply for, or provide funds through self help aid. 

DEFINITION OF TERMS

Cost of Attendance:  (see front page of your award letter)
This budget includes estimated tuition and fees assessed a student, together with our estimate of the cost of room and board, transportation, books and supplies and miscellaneous personal expenses, student loan fees and dependent care for children under 11 years of age.  At the request of the student along with proper documentation, we may also add the cost of purchasing a computer or any disability related costs to the student’s cost of attendance. 

Direct Costs
Charges paid directly to SPC for tuition, fees and institutionally owned room and board (if a student is living on campus).   

Indirect Costs:
Estimated charges placed in the student’s cost of attendance such as off-campus room and board, transportation, miscellaneous personal expenses, student loan fees and dependent care.  FINANCIAL AID IS DESIGNED TO ASSIST YOU WITH A PERCENTAGE OF YOUR INDIRECT COSTS; BUT IT USUALLY WILL NOT COVER 100% OF YOUR LIVING EXPENSES. 

Gift Aid
Federal grants, state grants and scholarships that do not require repayment from present or future earnings (unless a student withdraws prior to the 60% point in the semester).

Self Help Aid:
Funds provided from a student’s current job, savings from previous employment, or a student loan.

Your Resources: (see front page of your award letter) 
Also known as EFC or Estimated Family Contribution is the amount a student and his or her family are expected to pay toward the student's cost of attendance as calculated by a Congresionally mandated formula known as Federal Methodology.  The EFC is used to determine a student's eligibility for financial aid programs

Documented Need: (see front page of your award letter) 
The difference between your Cost of Attendance and the family's estimated ability to pay or Estimated Family Contribution (EFC).  (Cost of Attendance - Estimated Family Contribution = Need)

Unmet Need: (see front page of your award letter) 
The difference between a student's Documented Need and all aid offered for the enrollment period. (Documented Need - Aid Offered = Need)

 

 EXAMPLES OF COST OF ATTENDANCE (for the 9 month academic year)
 

 

Cost

In State on Campus

In State Off Campus

In State With Parents

Tuition/Fees

$2,200

$2,200

$2,200

Room/Board

3,300

4,145

1,680

Books/Supplies

1,200

1,200

1,200

Miscellaneous

1,190

1,190

1,190

Loan

0

0

 

0

Transportation

2,050

2,050

2,050

Total

$9,940

$10,785

$8,320



 


BUSINESS OFFICE PAYMENT OPTIONS

Payment may be made by cash, check, money order, MasterCard or Visa.  Tuition, fees, room and board are payable in full at the time of registration; however, students may request the option of paying in prescribed installments during the fall and spring semesters.  A $30 Installment Fee will be assessed for tuition and fees and a $35 fee for room and board.  Students need to go to Student Campus Connect to request payment plan option for tuition and fees.   

STUDENTS WHO HAVE ENOUGH FINANCIAL AID TO COVER ALL OF THEIR TUITION AND FEE CHARGES WILL NOT BE ALLOWED TO CHOOSE THE INSTALLMENT OPTION. 


ENROLLMENT REQUIREMENTS

You must be enrolled in and regularly attending the minimum required number of credit hours below for each program in order to receive either partial or full funding.

 

TYPE OF AID PROGRAM FUNDING

MINIMUM CREDIT HOURS

PERCENTAGE OF FUNDING

Direct Subsidized Loan

6-8

100%

Direct Unsubsidized Loan

6-8

100%

Direct Parent Loan

6-8

100%

Federal SEOG Grant

1-5

100%

Federal ACG Grant

12

100%

Federal College Workstudy

1-5

100%

Texas College Workstudy

1-5

100%

TPEG State Grant

1-5

Varies

TEXAS Grant (state aid)

9-12

100%

TEOG Grant (state aid)

6-8

100%




 

FEDERAL  PELL GRANT ENROLLMENT REQUIREMENTS

  

TYPE OF PELL AWARD

HOURS ENROLLED

PERCENTAGE OF FUNDING

Maximum PELL

12 or more

100%

(00000 EFC #)

9-11

75%

 

6-8

50%

 

1-5

 

Approx. 25%

 

 

 

Minimum PELL

12 or more

100%

 

9-11

0 to Partial

 

6-8

0 to Partial

 

1-5

NONE




If you are NOT planning to attend full-time and you are unsure what your funding level will be, please contact your finaical aid advisor.
 

FUNDING LEVELS FOR ALL TYPES OF AID
If you withdraw from any courses prior to the census date, your Financial Aid may decrease.  This could cause you to owe money to the Business Office, Bookstore, or Housing.  You would be responsible to pay these charges with your own personal funds.  The census date is the 12th class day for the fall and spring terms.  The census date is the 4th class day for the 5-week summer sessions.  Other summer session dates vary.  Please contact us for more information.
 

HANDLING OVERAWARD SITUTIONS
If you receive any type of additional funding after your receipt of this award letter--that is in excess of your documented need, we may be required to reduce your award package.  If we are forced to reduce your aid, according to federal regulations, we will reduce or eliminate student loans first.  Next, we would eliminate or reduce on campus work programs.  Finally, we would eliminate or reduce federal or state grant programs.  However, the PELL grant program is never eliminated or reduced by SPC due to the receipt of other aid.

 

 


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