Financial Aid Resources

California Career College recognizes that most students need some form of financial assistance. We want to help you to meet your goal of becoming a healthcare professional. Your first step will be to meet with our Financial Aid Officer. Our financial aid staff will provide personalized attention to each student in completing and processing their financial aid application (FAFSA) and related paperwork.

California Career College offers students several options for assistance under the Federal Student Aid Program.

Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Work Study
Federal Stafford Subsidized Loan
Federal Stafford Unsubsidized Loan
Federal PLUS Loan

Financial Aid Eligibility Requirements

To be eligible for Federal Student Aid, you must be:

A citizen of the United States or an eligible permanent resident;
Enrolled in an eligible program;
Making satisfactory academic progress toward graduation;
A high school graduate or has obtained a GED or the equivalent;
Not in default on a financial aid loan nor owe a refund to a financial aid grant
received at any post-secondary college or institution.

Federal Student Aid Programs

The following is a description of the financial aid programs available at California Career College for students who qualify. Additional information may be obtained through the Office of Financial Aid. For information, guidance and tools about federal student assistance, you can also visit the U.S. Department of Education’s website on federal student aid at www.federalstudentaid.ed.govStudent grants is financial aid that does not have to be repaid (unless, for example, you withdraw from school and owe a refund).

Student loans are borrowed money that must be repaid with interest. Loans are legal obligations. If you obtain a loan to pay for your education, you have the responsibility to repay the full amount of the loan plus interest.

Work Study is a work program through which you earn money to help you pay for school.

Federal Pell Grant

The Federal Pell Grant program provides a foundation of assistance to which other forms of aid may be added. Eligibility for the Federal Pell Grant is determined by a standard formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back. Amounts can change yearly. The maximum Federal Pell Grant award is $5,550 for the 2012–13 award year (July 1, 2012 to June 30, 2013). The amount you may receive will depend on a variety of factors, such as your financial need, your cost of attendance, the length of hours in the academic year you attend, etc.

Federal Supplemental Educational Opportunity Grants (FSEOG)

Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on funds available and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attendance.

Federal Work-Study (FWS)

The Federal Work-Study program provides jobs for undergraduate students with financial needs, allowing them to earn money to help pay education expenses. The program encourages community service work related to the student’s course of study. Funds under this program are limited and do not have to be repaid.

Federal Subsidized Direct Loans

Federal Subsidized Direct loans are available to students with financial need. Students may borrow up to $3,500 for their first academic year and $4,500 for the second academic year. This is available at a fixed interest rate currently of 3.4% for undergraduate students, which is established annually by the U.S. Department of Education. The interest is paid by the federal government while students are in school and for six (6) months after students cease their enrollment. Regular payments begin six (6) months after students cease enrollment or drop below half-time status.

Federal Unsubsidized Direct Loan

Unsubsidized Direct Loans are available for students to borrow for education costs. Independent students can borrow up to $9,500 for their first academic year, $10,500 for the second academic year, as a combined total with the Federal Subsidized Direct loan, at a fixed interest rate of 6.8%. With the exception of demonstrating financial need, borrowers must meet all eligibility criteria of the Federal Subsidized loan program. Interest payments begin immediately after the loan is fully disbursed or may be added to the principal balance. Regular payments begin six (6) months after students cease enrollment or drop below half-time status.

Federal Direct PLUS Loans

Federal Direct PLUS Loans are loans parents can obtain to help pay the cost of education for their dependent undergraduate children. They are based on credit. The maximum loan amount depends on the student’s Cost of Attendance minus other aid received. There is a fixed loan interest rate of 7.9%. Regular payments begin sixty (60) days after the loan has been fully disbursed.

How to Apply for Financial Aid

Submit your Free Application for Federal Student Aid (FAFSA) by visiting: www.fafsa.ed.gov.