Page 54 - Palo Verde College 2018-2019 Student Handbook / Planner
P. 54

                                students with the lowest Expected Family Contribution (EFC). Awards cannot be determined until a Financial Aid file is completed.
10. Eligible students will receive an “Award Letter” by email from Palo Verde College stating the amount of the aid to be given for the academic year.
11. You will receive an email with the dates and times as to when sessions will be set up to review your award letter. Award letters will be reviewed in groups so it is important that you select a time that is convenient for you. At this time, the student may decide to accept or reject all or part of the award.
12. TheFinancialAidOfficemustbenotifiedofanychangesinthestudent’sstatus,i.e.,numberof units, an address, telephone number, etc. It usually takes a minimum of 3 to 5 days to complete the processing of your application once your application has been submitted to the Department of Education.
13. When applying online create a FSA ID at https://fsaid.ed.gov/npas/index.htm. This is your electronic signature for FAFSA, your access ID to personal records and is used to make binding legal obligations. If a student is dependent, at least one parent will also need a FSA ID to electronically sign, or a signature page may be printed, signed by parent, and mailed in. Mailing will add to the processing time.
TYPES OF FINANCIAL AID
Financial aid for a college education is available from federal and state programs, as well as private sources. The types of aid offered at Palo Verde College are: scholarships, grants and work-study.
SCHOLARSHIPS AND GRANTS
Scholarships and grants are usually awarded on the basis of demonstrated financial need. Factors such as financial need or academic excellence are the primary basis for scholarships. Since you are not required to repay scholarships or grants, these types of aid are highly recommended.
WORK-STUDY
Under the Federal Work-Study Program, your school helps arrange a job for you as part of your Financial Aid Award. You use your earnings to help pay for expenses that occur at the college you are attending.
FINANCIAL AID OPPORTUNITIES
Students at Palo Verde College may receive aid in the form of grants, scholarships, and work- study. Awarding of funds to students is based upon individual need, the amount of units in which a student is enrolled, and meeting the qualifications of the various aid programs.
   52





















































































   52   53   54   55   56