Types of Financial Aid


Types of Financial Aid

The term “financial aid” refers to any type of financial assistance provided to students to help cover the costs of higher education. This ranges from fee waivers to grants or even work-study. Below you will find general information about the types of financial aid that Contra Costa College offers. 

Federal Student Aid Programs

The United States Department of Education is the largest provider of financial assistance for higher education in the country. Below, you will find information on the various programs they offer to students of Contra Costa College.

Federal Pell Grant: This is the single largest source of financial aid. Students who are U.S. Citizens or permanent residents with demonstrated financial need (as defined by the FAFSA), and meet all other eligibility requirements, may qualify to receive grant assistance. The amount of the Pell Grant will vary from student to student depending on the income information reported on the FAFSA.

Supplemental Educational Opportunity Grant (SEOG): This additional grant is available to students who are eligible for the Pell Grant, demonstrate high financial need, and are enrolled at least half-time. Awarding is based on a first-come first-serve basis depending on availability of funds. Students who complete their FAFSA by the March 2 priority deadline are given priority when awarding SEOG.

Federal Work-Study (FWS): FWS is a program designed to help students gain valuable work experience while also assisting them with paying for educational expenses. Students who qualify for FWS earn their award through part-time employment on campus in various departments. Your FWS job will always work around your school schedule! These funds are awarded on a first-come, first-serve basis depending on the availability of funds. Students who complete the FAFSA by the March 2 priority deadline are given priority when awarding FWS. For more information on qualifying for FWS, click here. If you have already received an FWS Award Notification email from the Office of Financial Assistance, click here to access information on the FWS Job Referral Process.

Federal Direct Student Loans: Federal student loans are available to students only after they have exhausted all other forms of financial assistance. Loans are paid back with interest over time, although subsidized loans allow a student with financial need to defer the interest for a limited time. To apply for a federal student loan, students must:

  1. Have a completed financial aid file,
  2. Be enrolled in at least 6 degree-applicable units, and
  3. Complete the loan application process, including a mandatory Loan Counseling Workshop, submission of a Loan Request Form and Educational Plan (see Academic Counseling), completion of an online Entrance Counseling session and signing of the Master Promissory Note.

If you are interested in applying for a student loan, you must first visit the Office of Student Financial Assistance to be pre-screened. For more information about federal student loans, click here: http://www2.ed.gov/offices/OSFAP/DirectLoan/student.html

California State Aid Programs

The state of California offers aid programs to California residents attending California colleges/universities who meet specific eligibility guidelines.

Board of Governors Fee Waiver (BOGW): The BOGW waives enrollment fees at California Community Colleges for California residents who meet specific requirements. BOGW recipients do not have to be enrolled in any minimum number of units and only have to complete one application to be covered for a full academic year.

To qualify, you must meet one of the following requirements:

  1. Complete the FAFSA or Dream Act Application and demonstrate at least $1104 in unmet financial need.
  2. Be a recipient (or, if dependent, have parents who are the recipients of) Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), or General Assistance.
  3. Meet the income requirements by family size. Click here to view the income requirements for the 2013-2014 academic year.

Cal Grant: Offers cash aid assistance to help pay for the costs of tuition, fees, and other expenses. Award amounts will vary based on the type of Cal Grant you receive and the type of institution you are attending. To apply, you must complete the FAFSA or Dream Act Application, plus the GPA Verification Form. For more information on Cal Grants, log on to www.calgrant.org.

Chafee Grant: Offers cash aid assistance to current and former foster youth. In order to qualify, you must have your foster status established by the court. For additional Chafee Grant eligibility requirements and to apply, log on to www.chafee.csac.ca.gov.