Page 60 - SU Catalog 2017_18

58 Southern Union State Community College Southern Union State Community College 59
by April 1 will receive priority consideration. Awards are generally $1,000 per Students who have financial need may receive a Subsidized Direct Loan, which
academic year. will not accrue interest while the student is in school at least half-time. Students
who do not have financial need may receive an Unsubsidized Direct Loan, which
Alabama Student Assistance Program will accrue interest while the student is in school.
The ASAP is a grant for exceptionally needy students (Pell Grant recipients) who
are Alabama residents. Funds are very limited, so those students who complete the Freshmen may borrow up to $3,500 per academic year, and sophomores may borrow
FAFSA by April 1 receive priority consideration. Awards are generally $300-$1,000 up to $4,500 per academic year. Loan funds are disbursed approximately 30 days
per academic year and dependent on funding from the state. after each term begins. Students may qualify for additional unsubsidized funds,
and should inquire in the Financial Aid Office about eligibility.
2. Employment
Federal College Work Study Parent Loans for Undergraduate Students
The College Work Study Program is for students who have financial need and Parents may borrow through the PLUS Loan program. The student must have
would like a part-time job to help pay college expenses. Students do not have completed a FAFSA, then the parent completes a PLUS Loan information sheet
to qualify for a Pell Grant but must complete the FAFSA to determine financial to have the loan certified. The amount of the PLUS Loan will be dependent on the
eligibility. Interested students should contact the Financial Aid Office to receive cost of attendance and other financial assistance the student might receive.
a job assignment if eligible. Students generally make minimum wage and work Information Financial
10-15 hours per week. 4. Institutional Scholarships
The College Financial Aid Committee meets once a year to award the
Institutional Work Presidential Academic Scholarships and Technical Scholarships. A minimum
Students who do not have financial need but would like part time employment may of one third of the value of all institutional scholarships must be awarded to
be assigned campus jobs. Applicants are required to complete the FAFSA. Job students who have financial need as defined by State Board of Education policy
opportunities are limited, and students should apply early. Students make minimum and guidelines. In order to be considered for Presidential Academic, Technical,
wage and work about 10 hours per week. Ambassador, or Performing Arts Scholarships, applicants must have a completed
FAFSA on file by the required deadlines and meet all admissions requirements.
3. Loans
William D. Ford Direct Loans Institutional scholarships will pay for a limited number of credit hours. Students
On July 6, 2012, the Moving Ahead for Progress in the 21st Century Act (MAP- may have tuition and required fees for up to 57 credit hours per academic year
21) (Public Law 112-141) was enacted. MAP-21 added a new provision to the paid for by their institutional scholarship. The scholarship will pay for up to 82
Direct Loan statutory requirements (see HEA section 455(q)) that limits a first total credit hours or the length of the program, whichever is shorter, providing
time borrower’s eligibilility for Direct Subsidized Loans to a period not to exceed all other criteria are met.
150 percent of the length of the borrower’s educational program. Under certain
conditions, the provision also causes first-time borrowers who have exceeded the Note: Institutional Scholarships will not pay for a repeat of successfully com-
150 percent limit to lose the interest subsidy on their Direct Subsidized Loans. pleted courses.

Note: Only first-time borrowers on or after July 1, 2013 are subject to the new Presidential Academic Scholarships
provision. Generally, a first-time borrower is one who did not have an outstanding Presidential Academic Scholarships are primarily awarded to students graduating
balance of principal or interest on a Direct Loan or on a FFEL Program Loan on from high school who want to pursue an academic program, including the Associate
July 1, 2013. Degree Nursing program and the Radiologic Technology program. Applications
are available in the Financial Aid Office and on the Southern Union website. The
Students must complete the FAFSA to be considered for a Direct Loan. First- scholarship application deadline is March 1, unless otherwise noted. Applicants
time borrowers must complete an entrance counseling session and sign a promis- are evaluated based on numerical GPA, ACT score, and financial need. These
sory note online at www.studentloans.gov. The student is the borrower, repay- scholarships pay tuition and fees for up to two years (a maximum of 82 credit
ment generally begins six months after the student graduates or drops below hours). Students must be enrolled full time and a GPA of at least 3.0 is required
half-time enrollment status. for the scholarship to continue beyond the first year.

Students must be enrolled for at least six semester hours to receive a loan. Technical Scholarships
Technical Scholarships are primarily awarded to students who express an interest
in a technical program. Applications are available in the Financial Aid Office and