Okefenokee Technical College

Okefenokee Technical College 2012-2013 Catalog

HOPE and PELL

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Financial Assistance
  • For all awards, students must take classes that are in the program of study. A student taking courses outside his/her major may incur additional financial liability to the College or financial aid ineligibility.
  • The HOPE Grant and HOPE Scholarship pay for a percentage of tuition only. Additional tuition, fees, and book costs over the amount of the HOPE Award are the responsibility of the student.
  • The HOPE Grant is for certificate and diploma students. Students must maintain a 3.0 GPA to retain the grant. GPA will be evaluated at 30 and 60 credit hours. If the student GPA falls below 3.0 at any of these evaluation points, the student will not be eligible for the HOPE Grant. The HOPE Grant may be lost and regained only once.
  • The HOPE Scholarship is for associate degree program students. Students must maintain a 3.0 GPA to retain the scholarship. GPA will be evaluated at 30, 60, and 90 credit hours and at the end of spring term. If the student GPA falls below 3.0 at any of these evaluation points, the student will not be eligible for the HOPE Scholarship. The HOPE Scholarship may be lost and regained only once.
  • PELL and HOPE awards may be adjusted if courses are dropped or added and/or student is terminated from college. STUDENTS are expected to notify the Financial Aid Office of any changes in schedules.
  • Students working toward a diploma are awarded PELL based on their federal credit hours. Students working toward an associate degree are awarded PELL based on their regular credit hours. The PELL Award listed is based on 12 or more federal/regular credit hours per term. The PELL award is calculated as follows for students enrolled for fewer than 12 hours:

Hours

PELL Award Calculation

9 – 11.99 federal/regular hours

75% PELL term award

6 – 8.99 federal/regular hours

50% PELL term award

5.99 or less federal/regular hours

25% PELL term award

 

 
  • If a student withdraws before the 60% mark of the term, PELL will be awarded based on the PELL award calculation for the term times the percent attended for the term.
  • SEOG is awarded term-to-term, based on the PELL EFC number, PELL awarded for the term, number of credit hours for that term, withdrawal status for the term and funds available. A student awarded SEOG one term, does not automatically qualify for an award the next term.
  • PELL, SEOG and Federal Workstudy funds are not available for students working toward certain certificates or students whose status is Learning Support, special admit, or a transient.
  • Any requested documentation MUST be submitted before funds can be disbursed.
  • Any excess financial aid funds remaining after tuition, fees, and other charges have been deducted will be dispersed to the student prior to the end of the term.
  • Students must reapply for the PELL Grant every year by completing a FAFSA. The financial aid year begins on July 1 of every year and ends on June 30 of the following year.