effect on a student‘s financial aid satisfactory academic progress, which will be evaluated at the end of each semester. GRANTS Pell Grants Pell Grants are federal aid grants designed to provide financial assistance to qualified students attending post-high school educational institutions. Pell Grants are intended to be the ―floor‖ of a financial aid package and may cover a significant portion of a student‘s college expenses. The amount of the Pell Grant is determined by federal need analysis criteria. Students must complete the Free Application for Federal Student Aid (FAFSA) and submit the resulting Student Aid Report to the Financial Aid Office. Applications are available through high school counselors, public libraries and college financial aid offices. Supplemental Educational Opportunity Grants - SEOG SEOG is an additional federal aid program for students of exceptional financial need. Grants may range from $200 to $500 per year for students who qualify. Application is made by submitting the results of the FAFSA to the Financial Aid Office. Earliest applicants with the greatest need are awarded first. Oklahoma Tuition Aid Grants - OTAG This grant is awarded to Oklahoma residents with exceptional need, as demonstrated by the results of the Free Application for Federal Student Aid (FAFSA). The State of Oklahoma mandates a new deadline each year depending on the availability of funding. It is our recommendation that you submit your FAFSA no later than March 1 in order to receive the best chance for eligibility. The student need only apply with the FAFSA and answer all questions thoroughly concerning state of legal residency. The Oklahoma Tuition Aid Grant Office determines award amounts and notifies the student and the college. LOANS William D. Ford Direct Loan Program The Direct Loan program allows students and parents to borrow money from the U.S. Department of Education. These loans are borrowed money which must be repaid after the student graduates, drops below halftime enrollment or completely withdraws. RCC currently participates in the following: 1. Federal Direct Loans for Students •
Federal Direct Loans are available to students based on their expected family contribution (EFC), which is determined by the FAFSA. Other criterion includes cost of attendance, grade level, and other types of financial aid which 31 Visit us online at www.redlandscc.edu