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Financial Aid & Scholarships

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Financial Aid & Scholarships : Types of Aid

Types of Aid

Scholarships Available to Our Students

The 2020-2021 LAMC Scholarship application has closed.  Applications, which were due May 1st, will be distributed to the committees that make awards.  Once decisions are made, the Financial Aid Office will notify recipients and applicants regarding scholarship awards for the coming school year.


 



A scholarship is a grant-in-aid awarded to a student on the basis of merit, academic excellence, and in some cases, additional criteria such as study in a particular major, leadership, or financial need. A scholarship is money that does not need to be repaid.

 

 

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Federal Pell Grant

 

The Federal Pell Grant program is for undergraduate students who have not yet completed a first baccalaureate (bachelors) or professional degree. Awards are based on your Expected Family Contribution (EFC) and enrollment status. Students may receive grants worth up to $6,195 per academic year (for the 2019-2020 academic year).

Unlike other federal financial aid programs, the receipt of a Pell Grant does not depend upon the availability of funds at a particular school. Also, if a student applies, demonstrates financial need and meets all eligibility criteria, he or she can be eligible to receive a Pell Grant at any eligible school. Students, though, are limited to receiving Pell Grant from only one school at a time, even if they are attending two schools during the same period of enrollment.

Pell Grants are designed to help the neediest students. A student who is not eligible for a Pell Grant may be eligible for other financial aid. The total amount of aid a student receives, including a Pell Grant, cannot exceed the student's Cost of Attendance (COA). As with all other federal aid programs, student must apply for a Federal Pell Grant every academic year by completing the Free Application for Federal Student Aid (FAFSA).

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG program is a campus-based federal financial aid program. FSEOG is a limited-funded program, so not all students who are eligible will receive an award.  Regulations governing FSEOG require that funds be awarded first to students with the highest financial need. Priority is given to Federal Pell Grant recipients.  Annual awards at Los Angeles Mission College are $1,000 per student.

Federal Work Study (FWS) and On-Campus Employment

FWS is a federal financial aid program which enables students to meet some of their college-related costs through on-campus employment.  This type of part-time work can add to a student's educational experience and be a valuable asset when seeking employment after college graduation.

Funding for the FWS program is limited, so students interested in on-campus employment should complete their Free Application for Federal Student Aid (FAFSA) early every academic year.  Early applicants will be emailed over the summer regardng the availability of the FWS Interest List.  Students will be able to sign-up on the List (usually in mid-July) and will be contacted in the order of their responses.  Eligible students will be invited to attend a workshop where they will find out more about the FWS program, eligibility requirements, and available jobs on campus.

Placement in a job depends upon skills, availability of jobs and the hours available for work.  In general, students must be enrolled in at least six eligible units per semester (Fall and/or Spring), have financial need (as determined by the results of your FAFSA), and meet all Satisfactory Academic Progress criteria.  Some jobs require specific skills, but there are many entry-level jobs that most any student can start at in a variety of departments across campus.

Federal Direct Loan Program

The William D. Ford Direct Loan program, provided through the U.S. Department of Education, includes both Direct Stafford (student) loans and Direct PLUS (parent) loans. There are two types of Direct Stafford loans - subsidized and unsubsidized. The Subsidized Stafford loan is a loan for which the federal government will make the interest payments on the loan while you are in school and during other approved periods of deferment.

The Unsubsidized Stafford loan is a loan for which the student is responsible for the interest from the time the loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (i.e., added to the principal amount of your loan). Capitalizing the interest will increase the amount you repay.

For student loans, the annual interest rate is 4.53% for both subsidized and unsubsidized loans for the 2019-2020 academic year. Parent loans are awarded based on credit worthiness. These loan programs are for students who are attending college at least half-time (6 units or more) and who are eligible to receive financial aid.

Los Angeles Mission College does not automatically award federal loans. Students who are interested in loans should contact the Financial Aid Office at 818-364-7648 or visit the Student Loan Process page.

NSLDS Disclosure:  Any loan borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS) and will be accessible by guarantee agencies, lenders and schools determined to be authorized users of the data system.

Cal Grant Program

Cal Grant awards are state grants that are awarded and administered by the California Student Aid Commission (CSAC). To apply for a Cal Grant, you must complete the Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (for eligible AB540 students) and have your Grade Point Average information sent to CSAC by March 2 for the following academic school year for which you are applying.

 

Los Angeles Mission College participates in the Cal Grant B and Cal Grant C programs. The Cal Grant B program is intended to help students from disadvantaged/low income families. Cal Grant B awards are worth up to $1,672 (for the 2019-2020 academic year) per academic year and may be renewed up to four years. The Cal Grant C program assists students enrolled in vocational programs and are worth up to $1,094. To find out more on the various Cal Grant Programs, visit the California Student Aid Commission's website at www.calgrants.org.

Chafee Grant

The Chafee Grant is a federal grant administered by the California Student Aid Commission and provides financial assistance to current and former foster youth to use for college and vocational training. Eligible students may receive up to $5,000 per academic year. To learn more about this program, visit the Chafee Grant webpage at www.chafee.csac.ca.gov.

California College Promise Grant (CCPG) - formerly Board of Governors (BOG) Fee Waiver Program

The California College Promise Grant (CCPG), formerly the Board of Governors (BOG) Fee Waiver, CCPG is offered by California Community Colleges. Under this program, enrollment fees are waived for eligible students. Applicants do not have to be enrolled in a specific number of units or courses to receive the waiver and no repayment of funds is required. You are eligible to apply for a waiver if you are a California resident or an AB540 student and you are enrolled in at least 1 unit.  The CCPG Fee Waiver program only waives your enrollment fees. If you need more help to cover some of your educational expenses, you must complete the Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADAA) (for AB540 students). To download the 2019-2020 CCPG Fee Waiver Application click here A Spanish version is available  here.

Contact Us

Financial Aid & Scholarships Office

Student Services Center (inside the Instructional Building, near the clock tower)

818-364-7648

818-364-7708

Email Us

Office Hours

The Financial Aid Office counter in the Student Services Center will remain closed until further notice. Virtual counter hours are listed below:

Monday

8am - 5pm

Tuesday

8am - 6pm

Wednesday

8am - 2pm & 4pm - 6pm

Thursday

8am - 5pm

Friday

8am - 12pm

Federal School Code

012550