Financial Aid for Students with Previous Baccalaureate Degree

Students must indicate on the FAFSA their degree status. Students who have previously earned a baccalaureate degree are not eligible to receive Pell Grants, SEOG or VSAC Grants. However, they may receive Federal Perkins Loans, Federal Work-study and Federal Direct Loans.

Student must complete the Free Application for Federal Student Aid (FAFSA) to be considered for any type of federal aid. Apply online at www.fafsa.ed.gov. The following need-and merit-based aid programs are available to assist a large percentage of Johnson State College students.

Federally Funded Aid Programs

 

Eligibility

 

Financial Aid Award Amounts

Federal PELL Grant

 

Awarded to eligible undergraduates who have not earned a bachelor's degree.

 

Ranging from $550-$5,500

(determined by the federal government based on expected family contribution)

Federal Supplemental Education Opportunity Grant

(FSEOG)

 

Awarded to assist undergraduates with exceptionally high financial need. Priority is given to PELL eligible students.

 

Awards range from $500-$2,500 and are based on the availability of funds.

 

Academic Competitiveness Grant (ACG)*

 

Awarded to undergraduates enrolled at least half time in their first or second year and have completed a rigorous secondary school program. Students must be a U.S. citizen or eligible non-citizen and be PELL eligible. First-year students must have a high school graduation dates after Jan. 1, 2006, and have not been previously enrolled in an undergraduate program. Second-year students must have a high school graduation date after Jan. 1, 2005, and have at least a 3.0 GPA after their first year as an undergraduate.

 

The award amount is up to $750 for the first academic year and up to $1,200 for the second academic year.

 

*This grant program is scheduled to be discontinued by the federal government after the 2010-2011 academic year.

National Science and Mathematics Access to Retain Talent Grant (National SMART Grant)*

 

Awarded to undergraduates enrolled at least half time in their third or fourth year. Students must be a U.S. citizen or eligible non-citizen, a PELL recipient, and in an eligible degree program majoring in physical, life, environmental, or computer sciences, engineering, technology, mathematics or a critical-need foreign Language and have at least a 3.0 cumulative GPA.

 

Award amounts up to $3,000 for the academic year.

 

*This grant program is scheduled to be discontinued by the federal government after the 2010-2011 academic year.

Federally Funded Aid Programs

 

Eligibility

 

Financial Aid Award Amounts

Federal Perkins Loan

 

Low interest loan (5%) subsidized loan. No interst accrues while the student is enrolled at least half time.

 

Range from $500-$1,500 and based on the availability of funds.

Federal Direct Subsidized Loan

 

Long term, low interest loan. No interest accrues while the student is enrolled at least half time. The interest rate is fixed at 4.5%.

 

Visit the JSC website for loan eligibility amounts based on completed credits.

Federal Direct Unsubsidized Loan

 

Borrower is responsible for interest during life of the loan. Student must be at least

half time to borrow. The fixed interest rate is 6.8%.

 

Visit the JSC website for loan eligibility amounts based on completed credits.

Federal Direct Parent PLUS Loan

 

Fixed interest (7.9%) loan enables parents with a good credit history to borrow for educational expenses for their dependent student.

 

PLUS Pre-Application (available on the JSC Web site) is required. Parents can borrow the difference between cost of attendance and aid awarded.

 

Federal Work-study Program (FWS)

 

Provides on-campus employment for students to earn money to pay for educational expenses.

 

Award is generally $1,500 (Student is allotted $750 per semester.)

Vermont Student Assistance Corporation (VSAC) and State Incentive Grant Programs

 

FAFSA required

VSAC Grants are restricted to undergraduates who are permanent residents of Vermont. Complete the VSAC Grant Appliation at www.VSAC.org.

Non-residents are encouraged to contact their State Higher Education Agency for information on application procedures and deadlines for possible state funding.

Grant amounts are determined by the individual state agencies that offer state grants.

*Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for any type of aid listed. Apply online at www.fafsa.ed.gov