TYPES OF FINANCIAL AID
Grants are gifts of money which do not have to be repaid, under most circumstances. You must show a significant amount of financial need to qualify for grant programs. Because most grant funding is limited, early application is encouraged. The major grants awarded by SLCC are described below:
Federal PELL Grant
- Available to undergraduate students with financial need. Values range depending on degree of need, cost of education, enrollment status and congressional funding level.
- Year Round PELL is also available to SLCC students who enroll during the Fall, Spring, and Summer terms. Students must use 100% of initial Pell Grant to expand to 150% Pell Grant Eligibility.
Federal Supplemental Education Opportunity Grant (FSEOG)
- Federal funding available to undergraduate students attending at least half time with financial need. Funds are limited to students with the highest need who are eligible for a Federal Pell Grant. Values range from $300 to $600 annually, depending on funds available, enrollment status and degree of need.
Federal Title IV Loan Programs assist students with their educational expenses and are repaid when the student is no longer attending or enrolled in at least six credit hours. SLCC participates in two federal loan programs: Federal Direct Loan (subsidized and unsubsidized) and Federal Direct Parent Loan for Undergraduate Students (PLUS).
Federal Direct Loans
- Low interest rate loans, with multiple repayment programs
- Subsidized Loans – need based loan, government pays interest during enrollment and grace period
- Unsubsidized Loans- non-need based loan, student pays interest starting at disbursement
- Must be enrolled in at least 6 credit hours
It is the policy of South Louisiana Community College to initially offer federal aid, including direct loans, up to the maximum eligibility for the aid year. Should a student decline all, or part, of their federal direct loan, and later need to make changes, a Loan Change form must be submitted to the Office of Financial Aid before enrollment is ceased for the aid year. Mid-year, grade level increases are also permissible, by request, via the Loan Change form, however, the increase will not be effective until the following term in which a student meets all federal and institutional aid requirements and is enrolled in 6 or more credit hours. Loan Change forms may be found at https://www.solacc.edu/financial-aid/loan-change-forms.
TOPS (Taylor Opportunity Program for Students) is a program of state scholarships for Louisiana residents.. Eligibility requirements for TOPS awards are determined by Louisiana Office of Student Financial Aid (LOSFA). LOSFA will notify SLCC of all students who are eligible for TOPS for the upcoming semesters, and we will automatically authorize TOPS awards on individual LoLA accounts. SLCC accepts all levels of TOPS awards, including TOPS Tech. Click here for a full list of TOPS Tech eligible programs at SLCC.
The purpose of this program is to provide a need-based component to the state's financial aid plan to support nontraditional and low to moderate-income students who need additional aid to afford the cost of attending college. Please click here for more information on the Louisiana Go Grant.
The Chafee Educational and Training Voucher (ETV) Program awards up to $5,000 annually during the academic year to qualified students who have been in the foster care system so they can pursue an academic college education or technical and skill training in college to be prepared to enter the workforce. The actual award amount is determined by the student’s financial need, which is calculated in accordance with the Higher Education Act of 1965, as amended.
The Strategies to Empower People (STEP) Vocational Education Program, funded by the Louisiana Department of Children and Family Services (DCFS), awards payment of postsecondary tuition and up to $300 for books and fees each semester to eligible recipients of the Family Independence Temporary Assistance Program (FITAP).
The GO Youth Challenge Program is a program to encourage and assist those students who graduate from the Louisiana National Guard's Youth Challenge Program to continue their education and enhance their employment opportunities by providing tuition at an eligible Louisiana postsecondary institution.
The Louisiana Community and Technical College System (LCTCS), which includes South Louisiana Community College, has entered into agreements with three organizations: Future Farmers of America (FFA), SkillsUSA, and JAG-LA. Qualified students graduating from high school beginning in the 2017-18 school year will be eligible for $500 and $1000 scholarships during the Fall term only. For more information, download the flyers below:
The 5 for 6 Initiative was established to assist student who are currently enrolled in an adult education program and wishes to begin working towards their postsecondary education prior to obtaining their high school diploma (or equivalency). To be eligible, students must:
- Be ages 14-26
- Be in the foster care system, aged out of the foster care system, exited the foster care system through legal guardianship or adoption after attaining the age of 16, or was in the foster care system after the age of 14 and exited for reasons other than adoption, guardianship, or aging out; and
- Be enrolled in postsecondary education; and
- Annually complete the Free Application for Federal Student Aid (FAFSA)
- Not have attained the age of 26; and
- Be enrolled in postsecondary education; and
- Not have participated in the program for more than five years, whether or not consecutively; and
- Be making satisfactory academic progress in his/her program of study
The Chancellor’s HiSET Grant will be awarded to students who complete the high school equivalency diploma at South Louisiana Community College. Each HiSET completer will receive a certificate of eligibility that can apply a one-time $500 grant towards their SLCC education.
As a general rule, students should only consider obtaining a private education loan if they have maxed out the Federal Loans. The award may not exceed the cost of education less other estimated financial assistance. Interest rates vary based on lender and credit worthiness and co-signers are often required. The SLCC Office of Financial Aid currently accepts and processes private Sallie Mae loans. Student can apply by visiting https://www.salliemae.com/student-loans
SLCC proudly serves our active duty and veteran military students as they pursue a college education. Military veterans may be eligible for education benefits through the Veterans Affairs Office.
Learn more about financial aid by contacting the Financial Aid Office.
1101 Bertrand Dr.
Lafayette, LA 70506
P: (337) 521-9621
Monday: 8 a.m. - 7 p.m.
Tuesday: 8 a.m. - 5 p.m.
Wednesday: 8 a.m. - 5 p.m.
Thursday: 8 a.m. - 7 p.m.
Friday: 8 a.m. - 5 p.m.
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