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Types of Aid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Four Types of Aid I. Grants Grants are gift assistance awarded to qualified undergraduate students demonstrating exceptional financial need. Grants do not have to be repaid as long as enrollment for the quarter in which you receive the grant is maintained. However, grants may be prorated based upon credit-hour enrollment. Completion of the FAFSA by the priority processing date of mid April is recommended due to the funding limitations of some programs. You must complete the financial aid process in order to determine which of these funds you might be eligible for. Academic Competitiveness Grant (ACG) Federal Pell Grant (PELL) Federal Supplemental Educational Opportunity Grant (FSEOG) Washington State Need Grant (WSNG) II. Loans for Undergraduate Students Loans are funds provided to a student (or a student's parent in the case of a Federal PLUS loan) for educational expenses which must be repaid. BCC offers the following types of loans. You must complete the financial aid process in order to determine which of these funds you might be eligible for.
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III. Student Employment/Work Study A. Student Employment/Work Study Opportunities More than Just a Paycheck Some students need to work in order to meet educational and living expenses while others wish to work because they feel the experience can be a valuable part of their education. The skills you obtain from working complement your academic performance and communicate to future employers your ability to succeed in a professional setting. Work study is awarded by the BCC financial aid office. Work study pays between 75% - 100% of your wages and the employer picks up the difference. B. Working can benefit you in several ways: ü Additional financial resources. ü Acquire valuable work experience. ü Establish a work record for your resume. ü Reduced necessity for student loans. ü Opportunity for networking with professionals. ü Opportunity to sample different career choices. ü Valuable and practical career-related experiences. ü Exposure to the world of work. ü Opportunity to enhance fundamental skills such as communication, time management, customer service, and more. ü Develop a sense of community and involvement with BCC. ü Studies have shown that students who work do just as well or better academically than non-working students and grades improve as students work more hours per week (up to 20). In addition, it was concluded that working students are more likely to complete a degree program than non-workers. C. BCC Student Employment Programs
IV. Scholarships Scholarship money is funding from an outside party from whom which you solicited or applied for funds. This money does not need to be repaid and is included as financial assistance in your financial aid package if you applied for aid. Please read here about scholarship policies in effect at BCC. Links
V. Links and Additional Information
Return to the Financial Aid Office's main web page. Last updated on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||