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Thursday, May 15, 2008

 

Grants

If you're looking for financial assistance to further your education, you first need to understand the difference between Scholarships and Financial Aid, both available through the Office of Student Financial Services.

Scholarships come from non-government sources such as foundations and private donors and may not have financial requirements for eligibility attached to them - a surprising number of them do not! To find out what scholarships might be available to you, consult the Scholarships page for information and requirements.

Financial aid, on the other hand, comes from federal and state government sources that most definitely have financial eligibility requirements. To find out about financial aid, take a few minutes to read these pages - they'll answer most of your questions.

Did you apply for federal student aid for the 2005-2006 school year?
In November or December 2005, you’ll receive a notice reminding you to apply for the 2006 - 2007 award year (July 1, 2006 to June 30, 2007). You’ll access your Renewal FAFSA on the Web using your PIN. You’ll have fewer application questions to answer for 2006-2007 because you’ll complete a Renewal FAFSA that will contain much of the information you gave on your 2005-2006 FAFSA. Review the information on the Renewal FAFSA, change or add information as needed, sign your application, and submit it after January 1, 2006. You can apply between January 1, 2006 and June 30, 2007. The Department’s Central Processing System will process your application quickly – in three to five days, provided you (and your parents, if applicable) have provided electronic signatures. If something doesn’t make sense to you, or if you think your information maybe unclear, stop by our office and we will review the form with you.

Federal Pell Grant (Title IV Funds)
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded to undergraduate students who have not earned a bachelor or professional degree. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added. The maximum amount a student may be eligible for in the 2005-2006 academic school year is $4,050, but the amount varies depending on such factors as allowable cost of attendance, full or part-time enrollment, on or off campus residence and in-state or out-of-state residence.
Further Information can be found at: Federal Pell Grant Program

Federal Supplemental Educational Opportunity Grant
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for students with exceptional financial need, that is, students with the lowest Expected Family Contributions (EFC) and gives priority to students who receive Federal Pell Grants. A student may qualify up to $1,000 per year depending on calculated financial aid eligibility.
Further Information can be found at: Federal Supplemental Educational Opportunity Grant Program

Nevada State Incentive Grant (NSIG)
A state funded award for qualified low-income students who are Nevada residents to help them continue their education. The maximum amount for 2005-2006 is $1000, but the amount varies depending on such factors as allowable cost of attendance, full or part-time enrollment, on or off campus residence and in state or out-of- state residence.

Direct Aid Student Grants
Direct Aid Nevada Grant (DANG) and Direct Aid Book Grant (DABG) are two grants administered by CSN to help qualified students purchase textbooks and cover a variety of expenses associated with pursuing an educational or career goal. The average amount for DABG 2005-2006 is $200 for one semester and for DANG the average amount is $1,000, but the amount varies depending on such factors as allowable cost of attendance, full or part-time enrollment, on or off campus residence and in state or out-of- state residence.

Work-Study
Work-Study funds pay the wages of qualified students in part-time jobs.

Federal Work-Study
A federally funded program that helps provide employment for qualified students in both on and off-campus jobs. At this time, the average wage for CSN students is $7.00 per hour.
Further information can be found at: Federal Work-Study

Regents Award Program
State funded program that helps provide employment for qualified students in on-campus jobs. The average wage for CSN students is $7.00 per hour.

The basic eligibility consideration for all grants and work-study funds: You must be a U.S. citizen or permanent resident with calculated financial aid eligibility and enrolled at CSN. A smaller Estimated Family Contribution (EFC number) on the Student Aid Report indicates a larger grant.

Repayment: None

Limitation: Eligibility restrictions and the size of grants depend on Congressional action and U.S. Department of Education rules.

Renewal: Renewal of your grant and work-study funds depend on your continued financial aid eligibility and satisfactory academic progress. (Students must reapply each year.)

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