Types of Financial Aid

Federal PELL Grant

The Pell Grant is a federal grant for undergraduate students only. Eligibility is based on need, family income, assets, the number in the family enrolled in college, and other factors as reported on the FAFSA. Pell Grant is not required to be paid back and is available to part-time and full-time students meeting the program guidelines for financial need and academic progress. Eligible students can receive a lifetime limit of 12 full-time semesters. Award amount is $581-$5775 per year.

Federal Supplemental Educational Opportunity Grant (SEOG)

SEOG is a federal grant that is based on the results of the FAFSA and is not required to be paid back. Funds are limited and are awarded on a first come, first served basis to Pell eligible first time degree students enrolled at least half-time and demonstrate the most financial need. Priority is given to those students whose FAFSA applications are received by June 1 for the Fall semester. Award amount is $300 per year.

Federal Work Study (FWS)

FWS is a type of Federal Financial Aid that provides students the opportunity to earn money by working part-time on campus or off campus with a non-profit organization. Funding is limited and is awarded on a first come, first served basis to students who demonstrate financial need and indicated on the FAFSA that they are interested in Federal Work Study. Students must be registered for at least 6 credit hours that apply to their degree/program requirements. FWS is earned aid and is paid to the student in the form of a paycheck for the hours worked. If the student does not work, the award is not paid. Priority is given to those students whose FAFSA applications are received by June 1 for the Fall semester.

Federal Direct Student Loan (See our Student Loan Basics page for more information about student loans)

A low interest educational loan. Repayment of this loan begins six months after the student leaves school.

  • Subsidized: Interest free until six month grace period ends.
  • Unsubsidized: Interest begins to accrue when the loan is disbursed.
  • Dependent Students: Loan amounts are $200-$6,500 per year based on grade level and eligibility (no more than $3,500 for freshman or $4,500 for sophomore can be subsidized).
  • Independent Students: Loan amounts are $200-$10,500 per year based on grade level and eligibility (no more than $3,500 for freshman or $4,500 for sophomore can be subsidized).

CCC students needing to access loan funds are required to apply for Federal Direct Loans before private loans will be certified as the terms and conditions of the Direct Loan program are more beneficial.

Federal Direct Parent Plus Loan

PLUS Loans are low-interest loans available to parents of dependent students to help pay for educational expenses. The parent is the borrower, not the student, and therefore responsible for repayment of the loan. Interest is charged for all periods and repayment begins 60 days after full disbursement of the loan. The lender is the U.S. Department of Education rather than a bank. Some of the eligibility requirements are:

  • Parent must be the biological or adoptive parent of the student for whom you are borrowing.
  • Student must be a dependent student who is enrolled at least half-time.
  • Parent and student must be U.S. Citizens or eligible noncitizens, must not be in default on any federal education loans or owe an overpayment on a federal education grant.
  • Visit www.studentloans.gov for more information.

To apply for a Direct Parent PLUS loan, complete the Federal Direct PLUS Loan Request online at www.studentloans.gov. Once the PLUS request is submitted, the parent will be notified if the credit has been approved.

If the credit is approved, the parent will need to complete a PLUS Master Promissory Note(MPN). This can be completed online at www.studentloans.gov.

If the credit is denied, the parent may still be eligible to receive a PLUS loan by:

  • Obtaining an endorser and completing PLUS Counseling and completing a PLUS MPN, or
  • Documenting extenuating circumstances to the satisfaction of the U.S. Department of Education and completing PLUS Counseling and completing a PLUS MPN

If the credit is denied and the parent does not want to proceed with either of the above mentioned options, the student may be eligible for additional unsubsidized loan.

The school will receive notification when a PLUS Loan Request was submitted and if approved and the MPN has been completed, the Financial Aid Office will send the parent a letter indicating how much they are eligible to borrow along with a form that will have to be filled out and returned to the Financial Aid Office. If denied and the parent will not be pursuing a PLUS loan, the student will receive a letter from the Financial Aid Office regarding eligibility for additional unsubsidized loan along with a form that they can fill out and return to the Financial Aid office to accept additional Direct Unsubsidized Loan.

NYS Tuition Assistance Program (TAP)

TAP is a state grant for students who are registered full-time and are New York State residents. You must:

  • Complete the TAP application at www.tapweb.org/totw and be awarded through NYS Higher Education Services Corporation (NYS HESC).
  • Incur full-time tuition liability by the end of the third week of classes and maintain full-time status.
  • Be registered in 12 credit hours of new study that apply to your degree/program requirements, unless it is your graduating semester.
  • Be meeting all satisfactory academic and pursuit of program requirements as set by NYS HESC.

If you are a first time TAP recipient and you are required to complete developmental courses, you must carry a minimum of 3 credit bearing hours as part of the full-time load.

If you have received TAP in the past, regardless of where, and you are required to take developmental courses, you must carry a minimum of 6 credit bearing hours as part of your full-time load.

Students may receive a maximum of six semesters of full-time TAP funding to pursue an associate degree.

NYS Aid for Part Time Study (APTS)

APTS is a grant for New York State residents attending college on a part-time basis. Funds are limited and are awarded on a first come, first served basis. Applications for APTS are generally available beginning in July in EAC or can be printed from the CCC website or through your MyCCC. To be eligible you must:

  • Be a New York State resident 12 months prior to the beginning of the semester.
  • Have a valid FAFSA on file.
  • Be enrolled in a degree program and registered for at least 3 credit hours but less than 12 credit hours that fulfill program requirements.
  • Be meeting academic progress.

APTS is based on how many credit hours a student is registered for that apply to degree/program requirements. Developmental or remedial courses are eligible for funding if they are required due to placement scores and enrolled in at least 3 credit bearing hours.