Financial Aid

Financial Aid
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Financial Aid
Financial Aid
All students applying for financial aid should first complete the FAFSA, the Free
Application for Federal Student Aid. This information is used to determine whether
you are eligible for federal grants, certain scholarships and work-study programs.
Learn more about the FASFA.
Types of Financial Aid
Need to be repaid
Based on financial need
Based on grades
Federal Financial Aid (Pell grant)
no
yes
yes (You must pass your classes.)
Work-study
no
yes
yes (You must pass your classes.)
Scholarships
no
sometimes
some have minimum GPAs
Loans
yes
Subsidized loans are based on need.
Unsubsidized loans are not based on need.
yes (You must pass your classes.)
*Federal Financial Aid (Pell Grant)
Federal financial aid is awarded based on financial need and other criteria. It does
not have to be repaid after you graduate.
Learn more
*Scholarships
Scholarships can be awarded based on grades, financial need or other qualifications.
They do not have to be repaid.
Learn more
*Work-Study Program
A work-study program allows students to receive financial aid while they work on campus.
Positions are awarded based on financial need and other criteria.
Learn more
*Loans
Loans are funds that have to be repaid after graduation.
Learn more
Year–Round Pell
An eligible student may now receive a Federal Pell Grant for summer sessions even
if they received a full Federal Pell Grant during the fall and spring semesters. Year-round
Pell allows students to receive up to 150 percent of a regular grant award over the
course of the academic year so that they can continue taking classes in the summer
and finish their degrees faster than they would otherwise.
With careful planning, Pell Grant recipients may take advantage of this new regulation
to earn their degree faster. However, students should keep in mind that the summer
term is shorter than fall and spring semesters. Students should consult with their
academic advisor to develop a manageable course load for the shorter summer term.
Note:
The provisions of the new law state that any Pell Grant received will be included
in determining the student’s Pell Grant duration of eligibility and Lifetime Eligibility
Used (LEU).
To be eligible for additional Pell Grant funds:
Student must be otherwise eligible to receive Pell Grant funds for the payment period,
Only take courses that are required toward program of study, and
student must be maintaining satisfactory academic progress
Applying for Financial Aid at COM
Steps for applying for financial aid at COM
Student Application Checklist
Priority Application Deadlines
The most successful financial aid applicants submit all applications and documentation
well before class registration to ensure they are eligible to receive the most funding.
Financial aid applicants are encouraged to submit all required financial aid documents
by the following deadlines:
Fall – June 1
Spring – Nov. 1
Summer – May 1
Applications submitted after these dates will be processed on a first-come, first-served
basis and could be processed
after payment deadline dates
. In this situation, students must make other payment arrangements before the payment
deadlines.
Satisfactory Academic Progress Appeals Meeting Schedule
Students must make satisfactory academic progress (pass their classes) to remain on
financial aid. Satisfactory Academic Progress Appeals Meetings are scheduled on the
second or third Friday of the month. For information about the upcoming monthly meetings,
check with the Financial Aid Office.
Contact
Student Financial Services Office
finaid@com.edu
409-933-8274
Please contact the Financial Aid Office if you need any assistance in applying for
financial aid.
Hours of Operation
Monday–Tuesday: 8 a.m. – 7 p.m.
Wednesday–Friday: 8 a.m. – 5 p.m
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