FINAID Overview

 

FINAID Overview

One of Georgia Perimeter College’s goals is to strengthen student success.  The office of Student Financial Services understands that in order to strengthen student success, we must provide assistance and guidance to students and parents regarding  financial assistance so that each student may successfully meet his/her educational goals  Please review the information below on financial aid at Georgia Perimeter College. 

 

APPLYING FOR FINANCIAL AID

To apply for financial aid a student must complete the annual Free Application for Federal Student Aid (FAFSA) to be considered for certain types of aid: federal grants, federal student loans, federal work-study, state aid, institutional scholarships, and outside scholarships.  Students pursuing the HOPE Scholarship or HOPE Grant must complete a one-time online Georgia Scholarship/Grant Application (GSFAPPS). 

 

Free Application for Federal Student Aid (FAFSA)

1.     An instructional worksheet to assist with completing the online FAFSA may be obtained online at www.FAFSA.gov or from any Financial Aid Office at the Alpharetta, Clarkston, Decatur, Dunwoody, and Newton campuses.

2.     Complete the FAFSA online at www.FAFSA.gov

3.     When completing the online FAFSA, select Georgia Perimeter College (school code 001562).

4.     The FAFSA must be completed once each academic year (August –July) and is available in January.

5.     FAFSAs submitted by the April 1st priority processing date may be eligible for certain campus-based aid.

 

 Scholarships

1.     Various scholarships are available.  To determine scholarship requirements and to obtain a scholarship application, please refer to the Georgia Perimeter College Catalog  for detailed information on available scholarships.

2.     To apply for the HOPE scholarship or Grant, students must complete a one-time application (GSFAPPS) online at www.GAcollege411.org or by completing an online FAFSA, and complete a Georgia Perimeter College HOPE Scholarship or HOPE Grant request form.  For more detailed information on HOPE Scholarship or Grant or GED Voucher please visit http://www.gpc.edu/~finaid/hope.htm.   

 

Financial Aid Priority Date: APRIL 1st

In order to be awarded financial aid at registration, all outstanding requirements and supporting documentation must be submitted to the office of Student Financial Services by the April 1st priority processing date.  The processing timeframe is 2-4 weeks from the date the last outstanding requirement and/or supporting documentation has been submitted.  If a student’s file is not complete by the April 1st priority processing date, the student must be prepared to pay his/her tuition and fees by the posted fee payment deadline date.  If the financial aid awarded is not sufficient to pay for all of the tuition and fees, the student is responsible for the remainder of the balance due by the posted fee payment deadline date.

 

TYPES OF FINANCIAL AID

The office of Student Financial Services offers several forms of financial assistance:

1.       Pell Grant

The Federal Pell Grant is need-based financial aid and does not requirement repayment. The U.S. Department of Education requires applicants to complete the FAFSA.  Recipients must be undergraduate students who have not already earned a baccalaureate degree. 

2.       Federal Supplemental Educational Opportunity Grant (FSEOG)

o    FSEOG is a limited-fund, need-based grant, based on the information a student submits the FAFSA.  FSEOG is offered on a first-come, first-served basis to students with exceptional financial need, Pell Grant eligible, and at a maximum amount of $200 per school year.  Recipients must be undergraduate students who have not already earned a baccalaureate degree.  To assist as many students as possible, eligible students receive either an FSEOG or a LEAP award, not both.

3.     Federal Direct Loans (Subsidized, Unsubsidized, and PLUS)

o    These loans are provided directly through the U.S. Department of Education.  In order to receive student loans:

Students must complete a FAFSA and have no outstanding requirements. 

Loans may be awarded in an offered status or students may be required to submit a Georgia Perimeter College loan request form.

Must be enrolled in at least 6.0 credit hours at the time the of the financial aid freeze hour dated and/or the loan disburses. 

Complete a one-time Entrance Counseling and Master Promissory Note (MPN) for Georgia Perimeter College online at www.StudentLoans.gov.

Federal regulations state that all ‘first semester, first-time borrowers’ first loan disbursement date be 30 days after the first day of classes.

There are three types of Federal Direct loans offered:

A Subsidized loan is a need-based loan.  Additionally, if a student receives a Subsidized Loan to attend Georgia Perimeter College, the federal government pays the interest on the loan when a student is:  1) attending school at least half time [6 credit hours]; 2) qualifying for an authorized deferment; or 3) in the grace period before beginning repayment. 

An Unsubsidized loan is not ‘need based’ and a student who receives an Unsubsidized Loan to attend Georgia Perimeter College is responsible for paying the interest while in school. A student may choose to pay this interest while attending school or choose not to make the interest payments while in school; the interest will be added or capitalized onto the principal balance at repayment.

Parent PLUS loans are available through the Direct Loan program. PLUS loans are based on the parent’s credit history and a parent may borrow money to pay the education expenses of each child who is a dependent undergraduate student.  A Direct PLUS request form must be submitted and an online PLUS application must be completed in order to be awarded a PLUS loan.

4.       Federal Work Study Program

o    Students are employed on an hourly basis. 

o    Federal Work-Study students should consult the Financial Aid Office at the Alpharetta, Clarkston, Decatur, Dunwoody, and Newton campuses at which she/he attend.  For additional information on work-study, please visit http://www.gpc.edu/~finaid/fws.htm.

5.       HOPE Scholarship or Grant or GED Voucher

o    The Georgia HOPE program provides financial assistance to students attending Georgia public and private institutions of higher learning. 

For additional information please visit: http://www.gpc.edu/~finaid/loansgrantsaid.htm

 

FINANCIAL AID ELIGIBILITY

Ineligible Statuses

Certain admission statuses are not eligible for financial aid: transient student, auditing of course(s), international student, an undeclared major, special student, and conditional acceptance. 

 Enrollment Hour(s) Freeze Policy

The office of Student Financial Services will freeze enrollment hours after the No Show Attendance period for full and first half classes has ended; this the financial aid freeze date.  The No Show Attendance period may be obtained from the Academic Calendar, and the financial aid freeze date may be obtained online at http://www.gpc.edu/~finaid/priorityprocessingduedates.htm.

Eligibility for financial aid is based on a student’s enrollment as of the financial aid freeze date.

Changes in enrollment status may cause a reduction in financial aid eligibility.

If there is a change in a student’s enrollment status, it may result in the repayment of all or a portion of the financial aid received.

Any student who has a valid FAFSA and registers for full term, first half , and second half classes before the financial aid freeze date, and then subsequently adds classes on or after the financial aid freeze date will not be eligible for additional financial aid. 

Students who ONLY register for Second Half classes may receive federal financial aid if there are no eligibility issues.

Students who have withdrawn from a class prior to the financial aid freeze date will not receive federal financial aid for that class.  For example:  If a student registers for 12 credit hours during registration and withdraws from a 3 credit hour class prior to the financial aid freeze date,  this student will only be eligible for federal financial aid on 9 credit hours.

 

 Satisfactory Academic Progress (SAP) for Financial Aid

Federal regulations require that students maintain Satisfactory Academic Progress (SAP) in their course of study to continue receiving federal financial aid. Failure to maintain SAP will result in the loss of federal financial aid and most scholarships. Types of financial aid include:

1.     Pell Grant

2.     Federal Supplemental Educational Opportunity Grant (FSEOG)

3.     Federal Direct Loans (Subsidized, Unsubsidized, and PLUS)

4.     Federal Work Study Program

5.     HOPE Scholarship or Grant

 Satisfactory Academic Progress can be separated into qualitative and quantitative measures. Students must meet both requirements to continue receiving financial aid. A more detailed explanation can be found in the Georgia Perimeter College Catalog. These standards apply to both full-time and part-time students.

IMPORTANT: It is the students' responsibility to monitor their grades and completion rate.

For additional information please visit http://www.gpc.edu/~finaid/SAP.htm.

 

Complete Withdrawal or Failure of the Semester

Students receiving federal financial aid who formally or informally withdraw/fail to pass all courses attempted during the semester are subject to the Federal regulations for calculating the return of federal financial aid as specified in the Higher Education Amendment of 1998.  The calculation determines the amount of federal financial aid that the student was eligible for at the time of withdrawal.  The aid for which a student is not eligible for will be returned in the following order:

1.  Unsubsidized Federal Direct loans

2.  Subsidized Federal Direct loans

3.  Federal Direct PLUS loans received on behalf of the student

4.  Federal Pell Grant

5.  Federal Supplemental Educational Opportunity Grant (FSEOG)

6.  Other Federal Title IV assistance

The amount of unearned funds that are returned may create a balance due on a student’s account and require repayment.  The office of Student Financial Services notifies the student if a repayment is due.  All students who fail to repay will be reported to the Department of Education.  Failure to repay could result in the loss of future federal financial aid eligibility at Georgia Perimeter College as well as other institutions of higher education. 

 

BOOKSTORE ALLOWANCE and REFUNDS

 

Bookstore allowance

A student is eligible for a bookstore allowance if there is a credit remaining from financial aid after tuition and fees are paid.  A bookstore allowance is not additional funds, but is based on the credit remaining after financial aid is applied to tuition and fees.

A bookstore allowance is created on the GPC ID (JCARD) to purchase books by the first day of classes.  Students may obtain the bookstore allowance availability dates on campus, and notices will be sent via the GPC student email.

The amount of the bookstore allowance is up to, but may not exceed $1000. 

Students may login to the Student Information System (SIS) to view their student account information at http://sis.gpc.edu to determine the amount of the bookstore allowance. 

Any unused portion of the bookstore allowance will be refunded to the student after all bookstore charges are posted and the student remains eligible.

 

Refunds

A student is eligible for a financial aid refund if the total financial aid awarded exceeds the total tuition, fees and other charges.  A student may also be eligible for a refund if a credit exists on his/her account due to other possible changes that may occur on a student’s account.  For additional information please visit Student Accounts Refund Page.

 

 

 

 

 

 

 

 

Can't find what you're looking for?

AskGPC
Ask GPC Financial Aid a question like:
How much can I borrow?