Financial aid is the economic assistance available to help students pay for college. This economic assistance may be in the form of scholarships, grants, work-study programs, or loans.
A financial aid package is a combination of different forms of financial aid that together make up an offer of financial assistance.
A student’s ability to contribute to the cost of his or her education is determined by the use of a NEED ANALYSIS which is a consistent, systematic way of measuring the ability of a family to pay for educational costs and its eligibility to receive funds from federal and state programs. It determines the ability, not the willingness, of a student or his or her family to finance his or her education. Everyone who applies is treated fairly and equally under this system. The amount of financial aid that a student receives may not exceed his or her cost of education as established by the college.
Application Process For Financial Aid
To apply for any form of financial aid at South College, a student must:
- Apply for admission to the college.
- Complete a free Application for Federal Student Aid (FAFSA). This form is for both in-state and out-of-state students.
Depending upon the type of aid and the source of that aid, other documentation may also be requested. Financial Aid Officers are available to provide needed assistance.
For federal student financial programs offered by the U.S. Department of Education under Title IV, the student’s eligibility for the Federal Pell Grant must be determined, except for the Federal PLUS and Federal Direct PLUS loans.