Types of Aid Available
Federal Academic Competitiveness Grant:
The Federal Competitiveness Grant is a federal, need-based
program. This grant provides $750 for an eligible
first-year student and $1300 for a student who has achieved
sophomore status (30 semester credits). To qualify for
this program, a student must be enrolled in an associate degree
program as a full-time student (12 semester credits). The
student must be a U. S. citizen or naturalized citizen and
receive Federal Pell Grant. The student must have
graduated from high school after January 1, 2006 and provide a
complete copy of the high school transcript. Students must
have graduated from high school under a rigorous program of
English, three years of math (Algebra I and beyond); three years
of science (biology, chemistry, physics), three years of social
studies and one year of a foreign language). Students must
demonstrate financial need through completion of the FAFSA.
High school transcripts should be mailed or submitted to the
College Financial Aid Office.
Federal PELL: The Pell Grant
is a federal grant entitlement program, which means that the
federal government will pay all applicants who meet all program
eligibility criteria. In some cases, an eligible student may
receive a Pell Grant if enrolled for less than 6 credits.
Federal SEOG: The
Supplemental Educational Opportunity Grant (SEOG) is a federal
grant program that is awarded to the "most needy" students.
Preference is given to Pell Grant recipients and students with a
low family contribution. There are limited SEOG funds and
students should have met the priority application deadline to
ensure consideration.
Federal CWSP: The Federal
Work-Study Program (FCWSP) is an award from federal and state
funds that allows a student to earn money to meet educational
expenses. A student must have a financial need to be awarded
work-study. A work-study award does not guarantee a job, as the
placement of a student into a job will be based upon the
available jobs and the student's qualifications to meet the
requirements for these available jobs. Work-study employees are
usually assigned an average of 12 hours of work per week, and
determine with their supervisors a mutually agreeable work
schedule. The current wage rate is $7.00 an hour. New employees
will have a work-study orientation session explaining the
student's rights and responsibilities as well as payment
procedures. All new work-study employees will need to complete
an Employment Eligibility Verification Form and provide their
driver's license and social security card or other acceptable
identification before they may begin working and must take 6
credits.
CSAP: The College Scholarship Assistance Program (CSAP)
Grant is a state grant program. Preference is given to students
with exceptional need. Recipients must be domiciled in Virginia.
COMA Grant: The Commonwealth
Award (COMA) Grant is a state grant. Recipients must be
domiciled in Virginia.
VGAP Grant: The VGAP
Grant is state-funded program. In order to be considered a
student must be: a first-time freshman, a dependent, a high
school graduate with a high school GPA of at least a 2.5, a
Virginia resident, and demonstrate financial need. Recipients
must be enrolled as a full-time student to qualify. Recipients must maintain a 2.0 GPA
to remain eligible for their VGAP award each semester and must
complete a minimum of 24 semester hours each academic year to
remain eligible for consideration during the next academic year.
PTAP Grant: The Part-time
Tuition Assistance Program Grant is a state grant program. These
grants are based on need and are awarded to eligible students
who are enrolled for 1 to 6 credits a semester. These grant
awards are for the tuition amount only. Recipients must be
domiciled in Virginia.
Stafford Loans: All Stafford Loans are either
subsidized (the government pays the interest while you're in
school) or unsubsidized (you pay all the interest, although you
can have the payments deferred until after graduation). To
receive a subsidized Stafford Loan, you must be able to
demonstrate financial need.
With the unsubsidized Stafford loan, you can defer the
payments until after graduation by capitalizing the interest.
This adds the interest payments to the loan balance, increasing
the size and cost of the loan.
Stafford Loans allow dependent undergraduates to borrow up to
$3,500 their freshman year, $4,500 their sophomore year.
You must also complete a Stafford Loan Request Form in the
Financial Aid Office.
PLUS Loans: Parents of
dependent students can take out loans to supplement their
children's aid packages. The federal Parent Loan for
Undergraduate Students (PLUS) enables parents to borrow money to
cover any costs not already covered by the student's financial
aid package, up to the full cost of attendance.
Preferred Lender Statement
The Financial Aid Office at Danville
Community College has selected a diverse list of lenders that
offer the highest level of service and other benefits for our
students. We base our decision on who makes this list on a
number of considerations which include: ease of processing,
borrower benefits, customer service and whether or not the
lender sells its loans. Students have the right to choose
any lender that participates in the Federal Stafford Loan
program and we are required to accommodate the student if he/she
chooses a lender not on our list. However, we feel that a
preferred list is a helpful tool for students because the
Financial Aid Office has investigated and determined that its
lenders are top-notch and will service our students with
excellence during all stages of the student loan process.
Contact Information:
Financial Aid Office
1008 South Main Street
Danville, VA 24541
DCCFinAid@dcc.vccs.edu
Telephone: 434 797-8567 or 434 797-8439
Other areas in VA: 800-560-4291 Ext 8567
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