Awarded only to undergraduate students who have not earned a bachelor’s degree.
Based on enrollment status (i.e., full-time, three-quarter time, half-time, or less-than-half-time).
The Pell Grant award is finalized after the final add/drop period. Your Pell Grant amount may change if your enrollment status changes.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)
Awarded to undergraduate students with exceptional financial need.
Must also be a Pell Grant recipient.
Does not need to be repaid.
Priority given to students with lowest Parent/Student Contribution.
FEDERAL WORK STUDY (FWS)
Provides opportunity to work at LATC, one of the school district buildings, or a nonprofit agency with whom LATC has an agreement.
Amount on financial aid offer is maximum you are allowed to earn.
Hours are worked each month and you are paid on the last working day of the month.
Openings are listed with the LATC Department of Labor and Regulation Office.
FEDERAL DIRECT LOAN
You must repay any loans borrowed even if you do not complete your program, do not find employment, or are otherwise dissatisfied with or do not receive the educational or other services that you purchased from the school.
Funds are borrowed directly from the Federal Government through the Federal Direct Loan Program.
Can either be subsidized or unsubsidized:
Subsidized Direct Loan is based on financial need. Government pays the interest for you while you are attending school.
Unsubsidized Direct Loan is not based on financial need. You are responsible for interest from the time the loan is disbursed until it is paid in full.
Six (6) month grace period begins when you graduate, withdraw, or drop less than half-time.
Loan repayment will be made to one of the Department of Education Loan Servicers.
Annual loan limits of $3,500 (first year) and $4,500 (second year).
Dependent students may borrow $2,000 in additional Unsubsidized Direct Loan.
Independent students may borrow $6,000 in additional Unsubsidized Direct Loan
Must have at least 34 credits toward your current degree program in order to be considered a second-year student.
Interest rate for Subsidized Direct loans first disbursed on or after 07-01-2023 and before 7-01-2024 is 5.5% fixed. Unsubsidized Direct Loan is 5.5% fixed.
For loans first disbursed after 10-01-21, there is a 1.057% loan fee deducted from each disbursement.
FEDERAL DIRECT PLUS LOAN
Available to parents of dependent students.
Parent borrows from the federal government.
Interest rate for PLUS first disbursed on or after 07-01-2023 and before 7-01-2024 is 8.05% fixed.
Can borrow Estimated Budget minus other aid.
Borrower is responsible for interest throughout life of loan.
Repayment will begin within 60 days after the last disbursement of the loan. (Effective 7-1-08 parents may choose to defer payments on a PLUS Loan until six months after the date the student ceases to be enrolled at least half-time).
For PLUS loans first disbursed after 10-01-21, there is a 4.228% loan fee deducted from each disbursement.
Credit evaluation is required.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
This cookie is managed by Amazon Web Services and is used for load balancing.
Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
This cookie is set by Wufoo for load balancing, site traffic and preventing site abuse.
The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
Cloudflare sets this cookie to identify trusted web traffic.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
This cookie is installed by Google Analytics.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.