purpose of student financial aid is to provide resources to students
who otherwise would be unable to pursue a postsecondary education. The
primary responsibility for meeting Community College costs lies with the
student and his or her family.
receive financial assistance all students must: be admitted to the
Community College, be enrolled in a degree Program of Study, be in good
academic standing, and be making satisfactory academic progress.
According to federal regulations, financial aid recipients must:
Be U.S. citizens or eligible non-citizen
Not owe a
refund on grants previously received under the Federal Pell Grant or
the Federal Supplemental Educational Opportunity Grant
Not be in default or be delinquent on any federal student loans borrowed from federal, state, or institutional funding.
Community College uses the Free Application for Federal Student Aid
(FAFSA). Students are encouraged to complete the FAFSA on the Internet
at http://www.fafsa.ed.gov. If a student does not have Internet access,
they may complete a paper FAFSA that may be obtained from either the
Department of Education
new and returning are strongly encouraged to submit initial or renewal
FAFSA applications as soon as possible after January 1 of each year.
Some types of financial aid have limited funding. Students whose FAFSA
applications are delayed run an increased risk of receiving reduced
awards. Only students who have applied for admission to Santiago Canyon
Community College will be issued a financial aid award notice.
Financial Need and Expected Family Contribution (EFC)
for most federal funding is awarded based on financial need. The EFC is
a measure a family’s financial strength and indicates how much of a
students’ and students’ families (for Dependent students) financial
resources should be available to help pay for educational costs. The EFC
is calculated from the information reported on the FAFSA and according
to a formula established by law.
income and assets are considered in determining the EFC along with
family size and number of family members attending a college or career
school. The EFC can be found on the Student Aid Report that is based on
information reported on the FAFSA. To determine financial need for
federal student aid programs (except for an unsubsidized Stafford loan),
the EFC is subtracted from the Cost of Attendance (COA). The COA is the
total amount it will cost to go to school for a year. Costs include
tuition and fees, housing, allowances for books, supplies,
transportation, and personal expenses:
COA – EFC = Financial Need
Financial Aid and Enrollment
students must be enrolled in at least 12 credits per semester to be
considered full-time students and receive full financial aid benefits.
Undergraduate students enrolled part-time may be eligible for a prorated
portion of their financial aid. Some undergraduate programs require
enrollment of at least six credits per semester.
grants and other financial aid are used to meet financial need. A
financial aid award letter will be provided upon receipt of a Student
Aid Report. Any changes made to original FAFSA answers may result in a
change in financial aid award amounts. If your financial aid record is
selected for verification, any changes made during the verification
process may also change financial aid award amounts.
who have received any Title IV aid from a prior school or are currently
receiving Title IV aid at another institution while attending Santiago
Canyon University must also notify the Office of Financial Aid, as this
other source of funding may affect students’ eligibility to receive
maximum Title IV aid.
All Students Should Do The Following:
Read and understand all documentation and/or agreements that are signed and submitted to any department and/or agency.
award letter and all other notices issued regarding the responsibilities
and conditions that must be adhered to by students receiving financial
what portion of the financial aid package is grant and scholarships
(gift-aid that does not have to be returned) and what portion are
student loans (self-help aid that must be repaid or earned). If any
portion of the self-help aid is in the form of a student loan,
understand the total amount of the loan, the interest rate assessed to
the amount borrowed, the repayment schedule, the time-frame of the
repayment schedule, and the start date for the repayment schedule.
Notify the lender(s) of any changes to personal name, address, and enrollment status.
Review and understand the amounts pertaining to the cost of attendance and the Refund Policy for Santiago Canyon College.
comply with all rules and regulations pertaining to academic, financial
aid, and Santiago Canyon College conduct policies.
that any intentional misrepresentation of information on applications
and/or documentations submitted for federal financial aid is a violation
of law and is considered a criminal offense subject to penalties under
the U.S. Criminal Code.
Be aware of the appeal process and procedures.