Federal, State, Local & Institutional Programs

Students who meet all eligibility requirements for financial aid may be awarded a financial aid package that combines funds from one or more of the following types of aid. Enrollment for determining financial aid eligibility is based on classes that are within a student’s eligible program of study.

Additional Information

Grants
Scholarships
Loans

Award Supplement

Federal Pell Grant

Amount Awarded: $5,815 per academic year

Eligibility Criteria:  This award is awarded to undergraduate students based on the results from your Free Application for Federal Student Aid (FAFSA). This information is used to determine your Expected Family Contribution (EFC), which is calculated by a formula established by law. The EFC is not the amount of money that your family must provide. Rather, you should think of the EFC as an index that we use to determine how much financial aid you would receive if you were to attend FTCC. If your EFC is below a certain number, you’ll be eligible for a Federal Pell Grant assuming you meet all other eligibility requirements. The amount of your Pell Grant depends on your EFC and your enrollment status (full time, three-quarter time, half time, or less than half time). Eligible students are allowed to receive Pell for up to 12 full-time equivalent semesters.

How to Apply: Federal Application for Student Aid (FAFSA)

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Federal Supplemental Education Opportunity Grant (FSEOG)

Amount Awarded: maximum of $1,000 for fall/spring and $500 for summer, subject to availability

Eligibility Criteria: FSEOG is awarded to undergraduate students who are Pell grant eligible and who show exceptional financial need. Because FSEOG funds are limited, they are awarded to students who apply and complete their financial aid files early. FSEOG funds are not subject to proration. You must be enrolled in 6 credit hours to receive the awarded amount.

How to Apply: Federal Application for Student Aid (FAFSA)

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Federal Work Study

Amount Awarded: $8.40 per hour on-campus, $8.90 per hour off-campus
You will be paid an hourly wage and will receive a monthly paycheck for any hours you work in a work study position.

Eligibility Criteria: Based on need as determined by Dept. of Education & Enrollment in at least 6 credit hours with Financial Aid GPA of 2.0

How to Apply: FAFSA & Work Study Application (WebAdvisor eFORMS)

Positions are limited and the number of hours a week a student can work varies. Students may earn up to their maximum annual award amount as determined by the Free Application for Federal Student Aid (FAFSA). All job placements are handled through the Financial Aid Office.

How to Apply: Federal Application for Student Aid (FAFSA)

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North Carolina Community College Grant

Amount Awarded: $100 – $2,200 per academic year

Eligibility Criteria: This award is awarded to undergraduate, North Carolina residents based on the results from your FAFSA. The amount of your NCCCG depends on your EFC and your enrollment status (full-time plus, full-time, three-quarter time, and half-time). The NCCCG is not available for the summer term or for less-than-half-time enrollment. Eligible students are allowed to receive NCCCG for up to six full-time equivalent semesters.

15+ credit hours = Full-time “plus,” full amount awarded
12 to 14 credit hours = full-time or $400 less than a full-time “plus” grant
9 to 11 credit hours = 3/4 time or 75% of a full-time grant
6 to 8 credit hours = 1/2 time or 50% of a full-time grant
Fewer than 6 credit hours = Not Eligible

Please note that if you receive an award of $530 of less, you may not receive any funds at the prorated levels mentioned above.

How to Apply: Federal Application for Student Aid (FAFSA)

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North Carolina Education Lottery Scholarship (NCLOT)

Amount Awarded: $130-$3,130 per academic year

Eligibility Criteria: This award is awarded to undergraduate, North Carolina residents based on the results from your FAFSA. The amount of your NCLOT depends on your EFC and your enrollment status (full-time, three-quarter time, and half-time). The NCLOT is not available for the summer term or for less-than-half-time enrollment. Eligible students are allowed to receive NCLOT for up to ten full-time equivalent semesters.

12+ credit hours = full amount awarded
6 to 11 credit hours = 1/2 time or 50% of a full-time grant
Fewer than 6 credit hours = Not Eligible

How to Apply: Federal Application for Student Aid (FAFSA)

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Parents for Higher Education Child Care Grant

Amount Awarded: Financial Assistance with Child Care

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William D. Ford Federal Direct Loan Program

Federal Direct Subsidized Loan

A Federal Direct Subsidized Loan is made by the Department of Education to students enrolled at least half time (six (6) credit hours at FTCC) whom demonstrate financial need. Financial need is determined based on the information the student submits on their Federal Application for Student Aid (FAFSA) application. Students may borrow up to $3,500 per academic year as a freshman (less than 31 credit hours earned) and $4,500 per academic year as a sophomore (31 or more credit hours earned). The federal government pays the interest while the student is in school at least half time, during the six-month grace period and during all deferment periods for the Federal Direct Subsidized Loan. If a student requests a Federal Direct Subsidized Loan, based on financial need and academic eligibility, the Financial Aid Office will award the maximum amount authorized. Students may decline either part or the entire award amount if so desired.

Federal Direct Unsubsidized Loan

A Federal Direct Unsubsidized Loan is a low interest loan made by the Department of Education which allows students to borrow who are not eligible or have reduced eligibility for a Federal Direct Subsidized Loan. The maximum amount a student may borrow is the same as the Federal Direct Subsidized Loan. Independent students may borrow up to an additional $6,000 per academic year, depending on eligibility. Dependent students may borrow up to an additional $2,000 per academic year, depending on eligibility. The interest rate for both loans is the same; however, the federal government DOES NOT pay the interest for the student receiving an Unsubsidized Loan. This means the student is responsible for paying the interest during all school semesters, during the six-month grace period, and during all deferment periods for the Federal Direct Unsubsidized Loan. The Financial Aid Office will award the maximum amount authorized. Students may decline either part or the entire award amount if so desired.

Federal Direct Parent Loan

Federal Direct Parent Loans for Undergraduate Students are government loans made to parents of dependent students who do not have an adverse credit history. Maximum loan amounts cannot exceed the Cost of Attendance (COA) minus other financial aid. The interest rate on the Federal Direct Parent Loan is a variable rate not to exceed 9 percent. Payment begins 30 days after the first disbursement.

How to Apply: Federal Application for Student Aid (FAFSA)
The Federal Direct Loan Application can be completed online.

 

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Short Term Loans for Tuition, Fees and Books

Students who are enrolled at least half-time may borrow funds on a 90-day note to cover cost of tuition and fees up to a maximum of 12 credit hours or up to a maximum of $500.00 for required textbooks until funds are exhausted. Supplies are not covered under this loan program.

The student must be in good financial standing with the College. Based upon the discretion of the Financial Aid Office, a student may be awarded a short term loan for both tuition and fees and textbooks.

Foundation Book Fund

The Foundation Book Fund assistance is available for students enrolled at least half time (minimum of 6 credit hours). Funds are available one time during an academic year to students with an exceptional need. Students receiving other financial aid, grants and/or scholarships are not eligible for this assistance. Applications are available in the Financial Aid Office.

High Demand/Low Enrollment Programs Scholarship

This scholarship is available to students enrolled during the Fall and Spring semesters in the following programs:

– A/C Heating & Refrigeration Technology
– Biotechnology
– Building Construction Technology
– Carpentry
– Civil Engineering Technology
– Computer-Integrated Machining Technology
– Electrical Systems Technology
– Electronics/Engineering Technology
– Emergency Preparedness Technology
– Geomatics Technology (Surveying)
– Horticulture Technology/Management
– Plumbing
– Welding

Full-time students are awarded $750 per semester and part-time students are awarded $500 per semester.

How to Apply

Fall applications are due by August and Spring applications are due by December.

  1. Be enrolled in an approved program
  2. Complete the Free Application for Federal Student Aid (FAFSA)
  3. Submit the completed High Demand/Low Enrollment Scholarship Application to the Financial Aid Office

Note:  A student does not have to be receiving financial aid to be awarded a scholarship.

North Carolina Nursing Educational Student Loan Program (NESLP)

This program is available to students enrolled in the Associate Degree Nursing Program or the Licensed Practical Nursing Program. Eligibility is determined and awards are made by the Financial Aid Office. Students must sign a promissory note, but also have the option of repaying the loan through future employment.