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Types of Financial Aid

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All funds listed here are administered by Leeward CC’s Financial Aid Office. Access to all funds require completion of the FAFSA and any documents requested by our office. Some may require additional documents (beyond what we request), so if you are interested in those funds, be sure to follow the instructions on how to apply.

Need-based and/or merit-based gift aid that does not need to be repaid!

Federal Pell Grant:

  • A federal grant for students pursuing their first bachelor’s degree.
  • Students must have financial need based on the information provided on the FAFSA.
  • Beginning Fall 2012, students are limited to 12 full time semesters (or 600%) of Pell Grant eligibility during their lifetime. Students may track their Pell Grant Lifetime Eligibility Used (PLEU).

Federal Supplemental Education Opportunity Grant (SEOG):

  • A federal grant for students pursuing their first bachelor’s degree.
  • Students must have exceptional financial need based on the information provided on the FAFSA.
  • Generally, students must be eligible for the Federal Pell Grant.
  • Requires a minimum enrollment of half time status (6 credits).
  • Funding is limited.

Opportunity Grant:

  • An institutional grant.
  • Students must have financial need based on the information provided on the FAFSA.
  • Requires a minimum enrollment of half time status (6 credits).
  • Funding is limited.

Second Century Scholarship:

  • An institutional grant for Native Hawaiian students.
  • Students must be Hawai‘i residents.
  • Students must have financial need based on the information provided on the FAFSA.
  • Requires a minimum enrollment of half time status (6 credits).
  • Funding is limited.

Native Hawaiian Tuition Waiver:

  • An institutional grant for Native Hawaiian students.
  • Students must be Hawai‘i residents.
  • Students must have financial need based on the information provided on the FAFSA.
  • Requires a minimum enrollment of half time status (6 credits).
  • Funding is limited.

Hawaii B Plus Scholarship:

  • A scholarship for recent public Hawaii high school graduates pursuing their first degree.
  • Students must be Hawai‘i residents.
  • Students must have financial need based on the information provided on the FAFSA.
  • Requires a minimum enrollment of full time status (12 credits).
  • Funding is limited.
  • To apply, students must submit an official high school transcript that reflects a cumulative GPA of at least 3.0 and completion of a rigorous high school curriculum.

Hawaii Promise Scholarship:

  • A scholarship for students pursuing their first bachelor’s degree.
  • Students must be Hawai‘i residents or qualify for exempt status that pays in-state tuition.
  • Students must have financial need based on the information provided on the FAFSA.
  • Requires a minimum enrollment of half time status (6 credits).
  • Funding is limited.

Get more information about other scholarships, including the UH Common Scholarship Application, and External (non-UH System) Scholarships:

Federal Direct Parent PLUS Loan & Private Student Loans
For questions relating to the Federal Direct PLUS Loan or Private Student Loans, you may contact our office:
Student Services Welcome Center
96-045 Ala ‘Ike, AD 201
Pearl City, HI 96782
Phone: (808) 455-0606
Fax: (808) 453-6371
Email us

Federal Student Loan Overview and How to Apply

Student loans are created to help finance your college education. They are considered an investment in your future and become your responsibility to manage and repay once you graduate, leave school, or drop below half-time enrollment. Federal student loans offer many benefits such as a fixed interest rate, no credit check or cosigner needed, repayment doesn’t begin until after you leave school or drop below half-time enrollment, and flexible repayment plans and options to postpone payments under certain circumstances.

ELIGIBILITY

To be eligible for a federal student loan, you must complete and/or meet the following requirements:

  • Complete the Free Application for Federal Student Aid (FAFSA);
  • Satisfy any outstanding requirements with the institution;
  • Be enrolled in an eligible degree-seeking program;
  • Maintain Satisfactory Academic Progress (SAP) toward your degree;
  • Be enrolled at least half-time status (6 or more applicable credits) towards your degree.

HOW TO APPLY

To apply for a federal student loan, you must complete the following online at StudentAid.gov

  1. Free Application for Federal Student Aid (FAFSA) form.
  2. Entrance Counseling – this is a tool to ensure you understand the terms and conditions of your loan and your rights and responsibilities.
  3. Master Promissory Note (MPN) – this is a legally binding agreement in which you agree to repay the loan according to the terms of the note.
  4. Complete and submit the Student Loan Request Form to the Financial Aid Office.

DIRECT SUBSIDIZED LOAN

Available to eligible undergraduate students who demonstrate financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while you are enrolled in school at least half-time, for the first six months after the student leaves school, and during a period of deferment (a postponement of loan payments).

DIRECT UNSUBSIDIZED LOAN

Available to eligible undergraduate students but eligibility is NOT based on financial need. You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, the interest will accrue (accumulate) and be capitalized (that is, the interest will be added to the principal amount of the loan).

RATES AND FEES

If you receive a federal student loan, you will be required to repay the loan with interest. Interest is paid to the lender as a cost of borrowing money and is calculated as a percentage of the unpaid principal amount. Direct Loans are daily interest loans, which means that interest accrues daily. If you choose not to pay the interest that accrues on your loans during certain periods when you are responsible for paying the interest, the unpaid interest may be capitalized. You may also choose to prepay your principal loan balance and interest at any time as prepayment may reduce the amount of interest you may owe. You may contact your loan servicer if you choose to make prepayments on your student loan.

In addition, federal student loans have loan origination fees that are a percentage of the total loan amount. The loan fee (approximately 1%) is automatically deducted proportionately from each loan disbursement. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. Learn more about the current interest rates and fees for federal student loans.

LOAN LIMITS

The loan amount you may be eligible to borrow depends on the following:

  • Grade level as determined by credits completed:
    • Freshman: 0-29.99 credits
    • Sophomore: 30+ credits
  • Dependency status (dependent or independent)
  • Length of academic program
  • Cost of attendance
Loan Limits
Dependency Status & Grade Level Annual Base (Subsidized & Unsubsidized) Additional Unsubsidized Annual Maximum Combined Limit
Dependent Freshman 3,500 2,000 5,500
Dependent Sophomore 4,500 2,000 6,500
Independent Freshman 3,500 6,000 9,500
Independent Sophomore 4,500 6,000 10,500
Lifetime Loan Limits
Aggregate (LIFETIME) Limits for Subsidized and Unsubsidized Loans Subsidized TOTAL (Subsidized & Unsubsidized)
Dependent Undergraduates 23,000 31,000
Independent undergraduates & dependent students whose parents are Ineligible for the PLUS Loan 23,000 57,500

DEFERMENT/FORBEARANCE

If you are having trouble repaying your loans, you may consider requesting a loan deferment or forbearance. With a loan deferment, you can temporarily stop making payments and no interest will accrue to your loan balance. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months, however interest WILL accrue on your loan balance. Learn more about student loan deferment and forbearance. You may also contact your loan servicer to discuss which path is best for you.

EXIT COUNSELING

Once you graduate, leave school, or drop below half-time enrollment, you must complete an online Exit Counseling within 30 days. The purpose of Exit Counseling is to ensure you understand your student loan obligations and are prepared for repayment. In the session, you will review the terms and conditions that apply to your federal student loans, be introduced to various repayment options, and learn the importance of avoiding default.

REPAYMENT

Repayment generally begins six months (grace period) after you graduate, leave school, or drop below half-time enrollment. Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can change repayment plans at any time with no penalty by contacting your loan servicer. The following are the types of repayment plans available:

  • Standard Repayment Plan – Payments are a fixed amount that ensures your loans are paid off within 10 years (or within 10-30 years for Consolidation Loans).
  • Graduated Repayment Plan – Payments are lower at first and then increase, usually every two years, and are for an amount that will ensure your loans are paid off within 10 years (or within 10-30 years for Consolidation Loans).
  • Extended Repayment Plan – Payments may be fixed or graduated, and will ensure that your loans are paid off within 25 years.
  • Pay As You Earn Repayment Plan (PAYE) – Monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated each year and are based on your updated income and family size.
  • Revised Pay As You Earn Repayment Plan (REPAYE) – Monthly payments will be 10 percent of discretionary income. Payments are recalculated each year and are based on your updated income and family size.
  • Income-Based Repayment Plan (IBR) – Monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan. Any outstanding balance on your loan will be forgiven if you haven’t repaid your loan in full after 20 or 25 years, depending on when you received your first loans, however you may have to pay income tax on any amount that is forgiven.
  • Income-Contingent Repayment Plan (ICR) – Monthly payments will be lesser of: 20 percent of discretionary income, or the amount you would pay on a repayment plan with a fixed payment over 12 years, adjusted according to your income.
  • Income-Sensitive Prepayment Plan – Monthly payment is based on annual income, but your loan will be paid in full within 15 years.

Find out more information regarding eligibility for all the different types of repayment plans.

DELINQUENCY/DEFAULT

The first day after you miss a student loan payment, your loan becomes past due, or delinquent. Your loan account remains delinquent until you repay the past due amount or make other arrangements, such as deferment or forbearance, or changing repayment plans. If you are delinquent on your student loan payment for 90 days or more, your loan servicer will report the delinquency to the three major national credit bureaus. If you continue to be delinquent for 270 days or more, your loans will be considered in default status. The consequences of defaulting include losing eligibility for additional federal student aid, no longer being able to request for a deferment or forbearance, having a negative impact on your credit rating/score, possible withholding of your tax refunds, and wage garnishment. Options to resolve your defaulted loan may include payment in full, loan rehabilitation and/or loan consolidation. To avoid being delinquent and/or defaulting our student loans, it is important to make your payments on time. However, if you’ve missed a payment or are having trouble making payments, contact your loan servicer immediately. Learn more about student loan delinquency and default. To resolve your defaulted loans, you may contact the U.S. Department of Education’s Default Resolution Group at 1-800-621-3115.

NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS) DATABASE

The National Student Loan Data System (NSLDS) database is the U.S. Department of Education’s central record for student aid. It receives data from schools, guaranty agencies, the Direct Loan program, and other U.S. Department of Education programs. The NSLDS database provides a centralized, integrated view of federal student aid loans and grants that are tracked through their entire lifecycle from aid approval through disbursement and repayment (if applicable). Student borrowers may access the NSLDS database online.

In accordance with U.S. Department of Education regulations (HEOA 489 amended HEA Sec. 485B), a student’s Title IV loan information is submitted to NSLDS and authorized agencies, lenders, guarantors, servicers, and institutions have access to this information.

FEDERAL STUDENT AID PUBLICATIONS

The U.S. Department of Education provides a comprehensive online list of resources to assist students and families to understand their rights and responsibilities with the Federal Direct Loan process. You may view and download resources on preparing for college, applying for aid, consumer protection, and more.

RESOLVING DISPUTES

The Federal Student Aid Ombudsman Group is dedicated to helping resolve complaints related to the federal student aid programs, including Direct Loans and grant programs. If you’ve submitted a complaint and you believe the answer you received is wrong or incomplete, you may need to contact the Ombudsman Group for assistance. You may contact the Ombudsman Group:

U.S. Department of Education
FSA Ombudsman Group
P.O. Box 1854
Monticello, KY 42633
Phone: 1-877-557-2575
Fax: 606-396-4821

IMPORTANT LINKS

CONTACT US

If you have questions about your student loans, you may contact our office:

Student Services Welcome Center
96-045 Ala ‘Ike, AD 201
Pearl City, HI 96782
Phone: (808) 455-0606
Fax: (808) 453-6371
Email us

Financial aid earned through part time student employment at a job on, or near campus.

Federal Work Study:

  • Funds for students who have financial need based on the information provided on the FAFSA.
  • Students must indicate interest in Federal Work Study on their FAFSA.
  • Students must have a cumulative GPA of at least 2.0.
  • Requires a minimum enrollment of half time status (6 credits).
  • May be used for employment at Leeward CC only.
  • Funding is limited.
    • To be placed on our Federal Work Study Waitlist, students should email our office and provide the following information: Name, UH ID# or username, status of employment, and contact phone number.
  • View Federal Work Study job openings online.