Sunday, November 22, 2009

Financial Aid Programs

GRANTS	DESCRIPTIONS	MINIMUM No. of Credits	AWARD AMOUNTS (depending on eligibility)
Federal Pell Grant	A federal grant program (undergraduate students)	1	Up to $4,310 per year.
Federal Supplemental Educational Opportunity (SEOG)	A federal grant program (undergraduate students)	6	Up to $600 per year.
Washington State Need Grant	A state grant program (undergraduate students)	6	Up to $3,187 per year.

EMPLOYMENT PROGRAMS
Federal Work-Study	A federal program at which students can work up to 19 hours per week to supplement their educational expenses. Employment may be available on or off campus.
LOAN PROGRAMS
Federal Stafford Loan	A federal loan program with up to $7,500 per year with deferred repayment and an interest rate of 6.8%.
Federal PLUS Loan	A non-need based federal loan program for parents. The maximum loan can cover up to the student’s cost of attendance of undergraduate dependent students minus any other aid received. Repayment begins within 60 days of disbursement and the interest rate is set at 8.5%.
SCHOLARSHIPS
Lake Washington College Foundation	Offers a variety of need and non-need based scholarships provided by College Foundation.
Private and Community-based	Need and non-need based scholarships.
VETERANS
Veterans Benefits	For eligible veterans through the department of Veterans Affairs.

Page Last Updated: 4/19/2007
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