STCC Financial Aid - Financial Aid Programs

TYPES OF FINANCIAL AID AWARDS AND ELIGIBILITY REQUIREMENTS

Pell Grant - Pell grant is a federal entitlement grant based on student's need which is determined by the EFC (Expected Family Contribution). The Pell grant can be received for a lifetime maximum of twelve (12) full time terms.  Prior to the last day for students to make changes to their Fall schedule and drop classes without financial penalty, students are awarded at full-time status (12+ credits).  Dropping below 12 credits will result in a decrease in Pell grant eligibility.  In some cases, enrollment decreases can result in a total loss of this grant.

Supplemental Educational Opportunity Grant (SEOG) - Must be registered for at least 9 credits. This grant is awarded to students with the greatest need. The minimum award offered is $100 per semester.  Funding is limited to federal allocation.

College Work-Study (CWS) - Must be registered for at least 6 credits.  This program allows you to earn money while attending college and provides valuable work experience.  All jobs are available on the college campus. The hourly rate varies depending on the type of work you do and your skill level.  You may work between 10 - 12 hours per week and you cannot earn more than your maximum CWS award.  All returning Work-Study students must complete a new contract (available in the FAO) each academic year.  New Work-Study students must report to the Financial Aid Office for an assignment after the 2nd week of the semester.  Funding for this program is limited.

Federal Direct Student Loan - Must be registered for at least 6 credits.  This low interest loan has to be repaid beginning 6 months after you complete or terminate your studies, or, drop below 6 credits. The current interest rate for the Subsidized and Unsubsidized Loans is 4.66%.  

The FAO limits the amount of student loans offered in order that you do not have a large debt upon graduation.  If you find your financial aid award package does not cover your educational costs, please contact the FAO to review your expenses and see if you qualify for a student loan or an increase in your current loan. Information on Parent PLUS Loans and Alternative Loans are available in the FAO.

STATE AID

You must be a state resident in order to be eligible for state aid. A resident is someone who lived in Massachusetts for at least one year prior to the first day of the 2014-2015 academic year and will continue to live in the state for the academic year.  If you are a dependent student your parents must meet the same residency requirements.  In order to receive state aid you must meet all federal eligibility requirements.  For Mass Grant, you must be enrolled in at least 12 credits, for all other programs, you must be enrolled for a minimum of 6 credits.

MASSGrant (TENTATIVE) - Students must be Pell eligible and enrolled full time (12+ credits). This grant is subject to additional eligibility checks by the state.  Students that have already received this award for 4 semesters are no longer eligible at a two year college. Once the state reviews your status, they will send you a tentative letter of award but the STCC Financial Aid office must certify your eligibility and verify enrollment. 

Part -Time Grant - Students eligible for the MASSGrant who drop below full time, may be eligible for this grant. You must be enrolled between 6 and 11 credits in order to be eligible for this grant.  You must be Pell eligible to receive this award.  Funding is limited to state allocation.

Massachusetts Access Grant - This award cannot exceed the combined costs for tuition and fees. Funding is limited to state allocation.

Tuition Waiver - This waiver of tuition (not fees) can be used toward day classes only; evening classes are not eligible.  You cannot receive more than one waiver each semester and the value of the waiver cannot exceed the maximum tuition charges.  Funding is limited to state allocation.

John and Abigail Adams Scholarship - Students eligibility will be determined by the appropriate state agencies. Recipients will be notified of eligibility and must submit that documentation to the Financial Aid Office. A student must enroll full time within 6 years of high school graduation and maintain a 3.0 GPA. This award is a waiver of tuition for day classes only.

Foster Child Grant Program - Students must be placed in the custody of Social Services through a Care and Protection petition, not be over the age of 24 and have signed a voluntary agreement with the Department of Social Services establishing terms and conditions for receiving such aid.

Paraprofessional Teacher Preparation Grant Program - Students must be enrolled in an undergraduate degree program (full time or part time) leading to teacher certification in a Massachusetts Public College and be employed for a minimum of two years as a paraprofessional in a Massachusetts public school.

Connecticut residents can determine what type of state they may be eligible for by visiting: http://www.ctohe.org/SFA/.  Other non-Massachusetts residents should check with their local state agencies for their state aid eligibility.

The Financial Aid Office will adjust your financial aid award due to changes in your eligibility or changes in your enrollment.  We reserve the right to cancel aid awarded if you should subsequently become ineligible because of financial misrepresentation or other reasons specified by federal regulations.