Hello, my name is Lisa Morton and I am a financial aid
officer with the College of Court Reporting. The value
of an education from the College of Court Reporting can
be measured in many ways -- from professional benefits
like increased earning power to greater marketability in
the workforce. Your education is an investment and one
of the most important decisions you will ever make....
Is the College of Court
Reporting Eligible to Offer Financial Aid?
Yes, College of Court Reporting is authorized by the
U.S. Department of Education to participate in the
Federal Pell Grant Program, the Federal Supplemental
Educational Opportunity Grant Program or SEOG, and the
Federal Family Educational Loan programs, including
Subsidized, Unsubsidized and Parent PLUS....
What is A Pell Grant?
A Federal Pell Grant, unlike a loan, does not have to be
repaid. Generally, Pell Grants are awarded only to
undergraduate students who have not earned a bachelor's
or professional degree. A professional degree is
usually earned after earning a bachelor's degree in a
field such as medicine, law, or dentistry....
How Do I Qualify for a
Pell Grant?
To determine if you're eligible financially, the U.S.
Department of Education uses a standard formula,
established by Congress, to evaluate the information you
report when you apply. The formula produces an EFC
number. Your Student Information Record, sometime
refered to as the ISIR or SAR, contains this number....
How much money can I get
from the Pell Grant Program?
Generally, Pell Grant eligibility changes from year to
year based on what the Congress appropriates for the
fiscal year budget. The Pell Grant fiscal year
begins July 1st of the current year and ends on June
30th of the following year and eligibility will depend
on program funding...
If I am Eligible for a
Pell Grant, how will I be paid?
If you are eligible for Pell, College of Court Reporting
will credit the Pell Grant funds to your school account.
We will notify you in writing how and when you'll be
paid and how much your Pell Grant will be....
Can I receive a Federal
Pell Grant if I am enrolled less than half time?
Yes, if you're otherwise eligible. You won't receive as
much as if you were enrolled full time, but we will
disburse your Pell Grant funds in accordance with your
enrollment status and cannot refuse you an award simply
because you're enrolled less than half time....
What are Federal Stafford
Loans?
Federal Stafford Loans are a major form of self-help aid
for students. If you attend the College of Court
Reporting, your Federal Stafford Loans will be through
the Federal Family Educational Loan Program or (FFEL)
Program....
What kinds of Stafford
Loans are available?
FFEL Stafford Loans are either subsidized or
unsubsidized. You can receive a subsidized loan and an
unsubsidized loan for the same enrollment period. A
subsidized loan is awarded on the basis of financial
need. You will not be charged any interest before you
begin repayment or during authorized periods of
deferment....
Who can get a Stafford
Loan?
If you're a regular student enrolled in an eligible
program like those at the College of Court Reporting,
with an enrollment status of at least half time, you may
receive a FFEL Stafford Loan. You must also meet
other general eligibility requirements....
How much student loand
money can I borrow?
If you're a dependent undergraduate student you can
borrow annually up to $2,625 if you're a first-year
student enrolled in a program of study that is at least
a full academic year. An academic year is defined at the
College of Court Reporting as two semesters or eight
months....
How will I receive my
Stafford Loan money?
The loan funds will be sent to the College of Court
Reporting electronically via electronic funds transfer or
EFT from the guarantee agency, such as Sallie Mae.
Your loans will be disbursed in at least two
installments, which coincide with our academic calendar,
and no installment will be greater than half the amount
of your loan....
Will I have an
opportunity to cancel my loan after I sign the promissory
note?
Yes. College of Court Reporting will notify you in
writing whenever it credits your account with your
Stafford Loan funds. This notification will be
sent to you no earlier than 30 days before and no later
than 30 days after CCR credits your account....
When do I pay back these
loans?
After you graduate, leave school by completely
withdrawing, or drop below half time enrollment, you
have six months before you begin repayment. This is
called a "grace period." During the grace period on a
subsidized loan, you don't have to pay any principal,
and no interest will be charged....
Completing Your FAFSA
In order to receive federal student financial aid, you
need to complete a Free Application for Federal Student
Aid or FAFSA every award year. The U.S. Department
of Education's award year begins July 1st of one year
and ends June 30th of the next year. You may use FAFSA
on the Web to complete and submit your financial aid
application electronically via the Internet....
What is a PIN and what is
it used for?
A PIN is your personal identification number and it is
used as an electronic access code number that serves as
your identifier. Your PIN helps you to do the following:
Apply online for federal student aid, using FAFSA on the
Web....
In addition to these forms, students interested in
Applying for Federal Stafford Guaranteed Student Loans
must electronically complete a Master Promissory Note (MPN)and
Entrance Counseling. Please go to www.salliemae.com to
complete the MPN, or click on the link provided through
our course site....
