Types of Aid
The federal assistance programs are designed to provide funding for students who demonstrate financial need using the Free Application for Federal Student Aid (FAFSA). Please note, if you are enrolled in an Accelerated Degree Program or any late-start courses, it is important that you enroll in all of the courses you plan to take at the beginning of each term in order for the Office of Financial Aid to accurately calculate your maximum eligibility.
Federal Pell Grant
Provides need-based grants to eligible full-time and part-time undergraduate students. The Expected Family Contribution (EFC) and the student's credit load determine the amount of the grant. The maximum amount for an academic year is $5,550 for a full-time student with an EFC of 0. The EFC is calculated by completing the FAFSA.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Provides supplemental funding for full and part-time undergraduate students who demonstrate exceptional financial need. Priority is given to Federal Pell Grant recipients. The amounts may vary from $100 to $1,500.
Provides jobs for students who demonstrate financial need. Students work in a variety of positions on and off campus, averaging 10 to 15 hours per week. Work-study contracts are given as funding allows.
Federal Direct Loan
The largest source of low interest loans offered by the Department of Education. Borrowers must complete a Master Promissory Note with their lender agreeing to pay back the loan funds after graduating, withdrawing or dropping below six credits. The interest rate for the Federal Direct Loan is a fixed rate of 6.8%. To be eligible for a student loan, students must be pursuing a degree or certificate, enrolled at least half-time status, have a minimum cumulative GPA of 2.0 and be in good standing according to the Financial Aid Satisfactory Academic Progress Policy. Both subsidized and unsubsidized loans are available. For students who demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA) and qualify for a subsidized loan, the federal government will pay the interest that accrues while the student attends school, during the grace period, and during deferment. For students who do not demonstrate financial need as determined by the FAFSA, interest accrues from the date of disbursement. Students may choose to pay the interest quarterly or capitalize the interest while in school. Entrance interviews must be completed for all first time borrowers and exit interviews must be completed for all borrowers when the borrower withdraws, graduates, or drops below six credits. The purpose of both entrance and exit interviews is to inform students of their rights and responsibilities as borrowers and to help them understand the importance of repaying their student loans.
Federal Direct PLUS Loan
Parents may borrow through the Direct PLUS Loan Program on behalf of their dependent undergraduate students who are enrolled in an eligible program of study. Students must be enrolled for a minimum of six credits. The interest rate is a fixed rate of 8.5%. Repayment begins 60 days after the last disbursement of the loan term. Approval is based on a satisfactory credit rating.
Maryland State Scholarships
Maryland offers a variety of scholarships and grants to full and part-time Maryland residents attending a Maryland college. The FAFSA is used to apply for most Maryland scholarships; however, certain programs require an additional application. Applications can be printed from the state's website at www.mhec.state.md.us. Also, application information can be obtained from the Financial Aid Office or by contacting the state directly at 410-260-4565. The deadline to apply for most state scholarships and grants is March 1st.
Over 200 students are awarded scholarships each year through the Cecil College Foundation, Inc. These scholarships are made possible through the generosity of friends and alumni who support the mission and vision of the College. Financial need and academic merit are among the eligibility criteria for selecting the awards. The Foundation accepts gifts from private donors and businesses to establish scholarships for the benefit of Cecil College students. Students may apply online for the full upcoming academic year by March 1. Most scholarships have specific criteria. Applicants do not apply for a specific scholarship. All applications will be screened and matched to appropriate scholarships through the selection process.