|
Grants do not need to be repaid.
The is a need-based grant made available by the federal government to undergraduate students
who have not earned a bachelor's degree. Each student's award is determined on the
basis of family circumstances and cost of attendance. After you file your FAFSA, the
Department of Education sends you a Student Aid Report (SAR) that indicates whether
you are Pell-eligible.
The is a state grant administered by the Oregon Office of Student Access and Completion
and awarded to undergraduate Oregon residents based on need and allowable funding.
Twelve terms of eligibility are possible. The grant is awarded to eligible students
attending half-time or more. This grant is not available during summer term.
The is a state grant that helps to cover tuition costs at any Oregon community college
for recent high school graduates and GED test graduates. Students must apply during
their senior year or immediately after GED test completion. The Oregon Office of Student
Access and Completion is responsible for the awarding and administering of the program.
Continuation of the program in future years is contingent upon state funding.
The is a federal grant administered by 91重口's Financial Aid Office. Funds are awarded
to undergraduates with Pell eligibility and exceptional financial need as determined
by the institution.
|
Loans are borrowed money that must be repaid with interest.
To receive a loan, you must be enrolled at least half time. Since the federal government
may be subsidizing a portion of the interest and permitting the postponement of payments,
loans are regarded as financial aid. Educational loans usually carry a low-interest
rate and offer a grace period with repayment generally beginning within six months
after graduation or when you stop attending school at least half time. The two main
types of loans at 91重口 are the Federal Direct Loan and the Federal Parent Loan for
Undergraduate Students (PLUS).
.
|
Federal Direct Loans are loaned to you from the federal government. An administrative
fee may be taken from the amount of the loan before the funds are disbursed. The maximum
yearly amounts for base loans are set by the federal government and based on class
rank. To be considered a second-year student, you must have completed at least 45
credits that are applicable to your major. Base loans may be either subsidized, unsubsidized,
or a combination of the two, depending on your established unmet need.
Below are the annual maximums for Direct Loans. Depending upon the amount of room
you have under the cost of attendance, you may or may not be able to receive these
full amounts. Your total financial aid package cannot exceed your cost of attendance,
which is prorated by term.
| Loan Type |
Independent Students |
Dependent Students |
| 1st Year Subsidized Loan |
$3,500 |
$3,500 |
| Unsubsidized Loan |
$6,000 |
$2,000 |
| 2nd Year Subsidized Loan |
$4,500 |
$4,500 |
| Unsubsidized Loan |
$6,000 |
$2,000 |
The Subsidized Direct Loan is need-based, with the government paying the interest on the loan while you are
enrolled. The Unsubsidized Direct Loan is non-need based; you will be responsible for paying the interest while you are
enrolled. You may choose to defer the interest by having it added to the principal;
this is called capitalization. Subsidized loans disbursed during the 2025-26 academic
year have a fixed interest rate of 6.39%. Unsubsidized loans also have a fixed interest
rate of 6.39%. You must be enrolled at least half time, and repayment begins six months
after graduation or withdrawal.
Borrowers are required to complete online entrance counseling and a master promissory
note (MPN) prior to receiving the loan funds. Students who have already been awarded
financial aid and accepted their loans on Webrunner will receive an email with the
entrance counseling and MPN information.
New borrowers at 91重口 are subject to a 30-day delay, meaning they cannot receive loan
funds until after 30 days during their first term of enrollment. Loans during subsequent
terms may disburse at the regular time.
Loan disbursements must occur in equal disbursements. If a loan is certified for one
term only, the first disbursement will occur during the second week of the term, and
the subsequent disbursement will occur after the midpoint of the term.
|
|
The Federal Parent Loan for Undergraduate Students (PLUS) is a federal loan borrowed
by the parent on behalf of a dependent student to assist with educational expenses.
Parents may borrow up to the cost of attendance as determined by 91重口's Financial
Aid Office, minus any other financial aid the student may receive.
The PLUS is a non-need based loan at a fixed interest rate of 8.94% for the 2025-26 year. Interest is charged on the loan to the borrower from the date the first disbursement
is made until the loan is paid in full. Repayment generally begins within 60 days
after the final loan disbursement.
PLUS loans must be requested separately by completing the .
|
|
|
Federal Work-Study funds must be earned.
Federal Work-Study (FWS) is a need-based program made available by the federal government
to qualifying students enrolled in at least six credits. Students awarded FWS need
to secure a job on campus and work towards their maximum award amount. The maximum
award amount is simply the most money that students can make in a term and does not
represent what each student will receive. Students will receive paychecks based on
their hourly wage and the hours they worked.
How do you get FWS? Students who marked on the FAFSA that they are interested in FWS
will have it added to their award package if they qualify and funding is available.
Unfortunately, funding for FWS is very limited and typically runs out early. To maximize
your potential of getting awarded FWS, complete all the FAFSA application steps early. All awards will be given on a first-come, first-served basis.
|