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Campus Based Aid

This guide provides an in-depth look at federal campus-based aid programs, including the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), and Federal Perkins Loan. It outlines eligibility criteria, funding limits, and repayment terms, emphasizing the importance of financial need for undergraduate and graduate students. This resource also covers specific requirements for institutions and students, including minimum wage stipulations and community service engagement expectations. Learn how to navigate these programs effectively to support your educational journey.

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Campus Based Aid

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  1. Campus Based Aid The Leaves on Your Campus

  2. Agenda • Federal Supplemental Education Opportunity Grant (FSEOG) • Federal College Work-Study (FWS) • Federal Perkins Loan • Fiscal Operations

  3. Federal Supplemental Educational Opportunity Grant (FSEOG) 34 CFR § 676

  4. Student Eligibility • Eligible for other federal programs • Undergraduate only • Reasonable portions to part-time and independent students • Exceptional need • Award in EFC order (start with $0)

  5. Awards • $100 annual minimum • $4,000 annual maximum • $4,400 annual maximum for approved student abroad programs • Student enrolled less than full-time may have award reduced

  6. Federal Work Study Programs (FWS) 34 CFR § 675

  7. Subparts • Subpart A – Federal Work-Study Program (34 CFR § 675.1 – 34 CFR § 675.27) • Subpart B – Job Location and Development Program (34 CFR § 675.31 – 34 CFR § 675.37) • Subpart C – Work-Colleges Program (34 CFR § 675.41 – 34 CFR § 675.50)

  8. Student Eligibility • Eligible for other federal programs • Undergraduate or Graduate • Reasonable portions to part-time and independent students • Financial need

  9. Payments to Students • Must be paid at least minimum wage • Must be paid at least monthly • Wages can be paid to student or toward student account • Cannot be paid for receiving classroom instruction

  10. Eligible Employers • Institution • Some exclusions for proprietary institutions • Government, non-profit or private, for-profit • Must have agreement between institution and organization

  11. Community Service • 7% of FWS allocation • Must have at least one student employed as: • Reading tutor project OR • Family literacy project

  12. Conditions • May not: • Impair existing service contracts • Displace employees • Replace employees on strike • Construct, operate or maintain facility use for religious worship or sectarian instruction • Be employed by U.S. Department of Education

  13. Periods of Non-Attendance • Must enroll for next regular session • Earnings must be counted in next term’s aid package

  14. Federal Share Limitations • Institution, government, non-profit – 75% federal share • Private, for-profit agency – 50% federal share • Max of 25% of FWS allocation per year • Must be related to major

  15. Federal Perkins Loan 34 CFR § 674

  16. Student Eligibility • Eligible for other federal programs • Undergraduate or Graduate • Financial need • MPN, Entrance and Exit Counseling required

  17. Loan Limits • Undergraduate • $5,500 annual limit • $27,500 lifetime aggregate • Graduate • $8,000 annual limit • $60,000 lifetime aggregate • $11,000 aggregate limit for first 2 years of academic work

  18. Terms • Interest rate – 5% fixed • 9 month grace period • 10 year repayment • Deferments, forbearance and cancellations available

  19. Deferments (no interest) • In school • Attending graduate fellowship program • Graduate or post-graduate study outside US (Fulbright scholar) • Rehabilitation training programs for disabled persons • Seeking but unable to find employment (up to 3 years) • Economic hardship (up to 3 years)

  20. Forbearance (interest accrues) • Temporary postponement of payments, extension of time for making payments, OR acceptance of smaller payment amounts • Economic hardship or lengthy illness • Request in writing with supporting documentation • Not to exceed 3 years

  21. Cancellation • Teaching – up to 100% • Low income school or high need subject matter (math, science, foreign language, special education) • Head Start programs/early intervention child care • Employment – up to 100% • Nurse or medical technician, nonprofit child or family service agency, early intervention, firefighter, law enforcement, corrections officer, faculty member at Tribal College, librarian w/ masters, or speech pathologist w/ masters

  22. Cancellation • Armed Forces • 50% in hostile area before August 14, 2008 • 100% in hostile area after August 13, 2008 • Peace Corps service • 70% for Peace Corps service

  23. Discharge • Death • Total and permanent disability • Survivors of September 11, 2011 attacks

  24. Fiscal Operations

  25. Application

  26. Administrative Cost Allowance • First $2,750,000 – 5% • $2,750,000 - $5,500,000 – 4% • $5,500,000 and above – 3%

  27. Matching Requirements • 75% - federal share • 25% - institutional share • Title III waiver is available • http://www2.ed.gov/programs/iduestitle3a/index.html

  28. Transferring – up to 25%

  29. Carry Forward/Back – up to 10%

  30. Questions

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