Federal Financial Aid
Students who meet all eligibility requirements for financial aid will normally e awarded
a financial aid package that combines funds from one or more of the following:
Federal Pell Grants
The grant ranges from $400 - $5,500 for the 2012-2013 academic year, depending on
the computed Expected Family Contribution (EFC) from the Free Application for Federal
Student Aid (FAFSA). These awards are prorated, depending on the actual enrollment
level of the student per semester, who has not yet earned a bachelor’s degree.
Federal Supplemental Education Opportunity Grant (FSEOG)
This program provides awards of $200 - $4,000 per academic year. Priority for these
awards is given to Federal Pell Grant recipients with the lowest Expected Family Contribution
(EFC) determined by the Free Application for Federal Student Aid (FAFSA). The award
amount is dependent on annual availability of funds and other resources that make
up an individual award package.
Federal Work Study
This program is a federally funded work program used to promote par-time employment
on campus at $7.00/hr or in community service jobs at $7.50/hr. Employment opportunities
are offered to the students enrolled at least half time (minimum of 6 credit hours),
maintain a 2.0 GPA and who demonstrate financial need. 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 jobs placement is handled through the Financial Aid Office.
William D. Ford Federal Direct Loan Program
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.
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 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.
To apply for federal direct loans, students must complete the Free Application for
Federal Student Aid (FAFSA) and a Federal Direct Loan application. The Free Application
for Federal Student Aid (FAFSA) can be completed on line at www.fafsa.ed.gov. The Federal Direct Loan Application can completed online.
State Financial Aid Available
State funding eligibility is determined based on information provided from the Free
Application for Federal Student Aid (FAFSA) and other additional criteria for each
North Carolina Community College Grants
Eligibility is determined by the College Foundation, Inc. based on results of the
Free Application for Federal Student Aid (FAFSA). Students must be North Carolina
residents and enrolled at least half time (minimum of 6 credit hours). The amount
is based on the Expected Family Contribution (EFC) from the FAFSA results.
North Carolina Education Lottery Scholarship (NCLOT)
This scholarship was created to provide financial assistance to needy North Carolina
resident students attending eligible colleges and universities within the state of
North Carolina. Eligibility is based on the same criteria as the Federal Pell Grant
with one exception; students not eligible for the Federal Pell Grant with an Estimated
Family Contribution (EFC) of $5000 or less will be eligible. Students who have earned
a baccalaureate (four-year) college degree are not eligible. Grants range from $100
- $2,300 per year.
Other Financial Aid
Following are other types of financial aid funded by Fayetteville Technical Community
College to assist students with educational expenses. Applications for each source
are available at posted times during the semester in the Financial Aid Office.
Short Term Loans For Tuition and Fees and Books
Students who are enrolled at least half-time may borrow funds on a ninety-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.
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.
High Demand / Low Enrollment Programs Scholarship
This scholarship is available to students enrolled during the Fall and Spring semesters in the following programs:
Full-time students are awarded $750 per semester.
Part-time students are awarded $500 per semester.
Fall applications are due by August.
To apply students must do the following:
Note: Student does not have to be receiving financial aid to be awarded a Scholarship.