Federal Funds

Federal Funds

Gwinnett Technical College offers various forms of financial aid to our students; Federal Direct loans, grants, and work study are just a few. To remain eligible for Financial Aid, you must maintain Satisfactory Academic Progress (SAP). 

Please review the list below for more information.

The Federal Pell Grant is available to you if you demonstrate financial need. This is in accordance with federal guidelines established by the Department of Education. The Pell grant can range from $598 to $5,815 for the 2016-2017 award year. This amount may change in future academic years. Grants do not have to be repaid. Pell eligibility is determined by the following factors:

  • Financial need,
  • Cost of attendance,
  • Status as a full-time or half-time student (see chart below), and
  • Plans to attend school for a full academic year or less. 
  

​12-15 Credit Hours

​Full Time= 100% Pell Grant 

​9-11 Credit Hours

​Three-Quarter Time= 75% Pell Grant

​6-8 Credit Hours

​Hall-Time= 50% Pell Grant

​1-5 Credit Hours

​Less Than Half Time= 25%Pell Grant

  

Requirements for the Pell Grant include:

  • You must be an undergraduate student (you cannot have a baccalaureate degree)
  • You must be accepted into an eligible program (some certificates, diploma, or associate degrees)

The amount of Federal Pell Grant funds you can receive is limited by the Department of Education. Students have up to 
6 years (or 12 full-time semesters) to receive the Pell Grant. This includes all semesters Pell was received at prior institutions.
To review your Pell Lifetime Eligibility Usage, visit  www.NSLDS.ed.gov.

For more information on the Federal Pell Grant, click here.

 

You may be eligible for a Supplemental Educational Opportunity Grant (SEOG) in the amount of $250-$1000 each academic year. The SEOG funds are extremely limited; students are strongly encouraged to complete their FAFSA early each year. This award does not have to be repaid. Requirements for the SEOG include:

  • You must be an undergraduate student (you cannot have a baccalaureate degree)
  • You must be accepted into an eligible program (some certificates, diploma, or associates degrees)
  • You must has a half-time enrollment status (6 credit hours or more)

For more information on the Federal Supplemental Educational Opportunity Grant(SEOG), click here.

Federal Work Study (FWS) provides part-time jobs with flexible hours revolving around your class schedule. Students are limited to working 20 hours per week – leaving ample time for your studies.

You may receive a maximum of $4,500 per academic year if you demonstrate financial need. FWS Awards are paid as monthly paychecks, and this award does not have to be repaid.

The funds for FWS are very limited, so complete your FAFSA early! Be sure to indicate you are interested in Federal Work Study when asked on the FAFSA.

To apply for a Federal Work Study position, visit www.GwinnettTech.edu and click on the "GTC Careers" link.

Federal Direct Loans are offered by the Department of Education and have to be repaid, with interest. Students must submit their FAFSA to be considered for this program. First-time borrowers must complete the Entrance Counseling session and sign their Master Promissory Note at www.StudentLoans.gov before funds will be released.  You must have a half-time enrollment status (6 credit hours or more) to be eligible for loans. Students who complete their program, cease attendance, or have a less than half-time enrollment status are required to complete the Exit Counseling session. For more information on Federal Direct Loans, click here.

This program offers low-interest loans to students who demonstrate financial need. The federal government pays the interest while students are in school and have a half-time enrollment status.  

Students who receive this loan are given a six-month grace period after completing their program, ceasing attendance, or if they are below half-time enrollment status (5 credit hours or less). Once the grace period has expired, repayment and interest on the loan begins.

There are annual limits to the amount of loan funds that students can receive. The annual loan limits vary; they are based on your year in college (Freshman, Sophomore, Junior/Senior) and your dependency status. 

There are also limits to how much a student can borrow for their undergraduate and graduate studies. These are called aggregate loan limits. 

Keep track of your student loan debt and usage by visiting the National Student Loan Data System (NSLDS) website  here. 

Effective July 1, 2013

First-time borrowers on or after July 1, 2013, have a limit on the maximum period of time (measured in academic years) that they can receive Subsidized loans.

Students are eligible the Subsidized loan for up to 150% of their program length. This time frame includes any prior course work at Gwinnett Tech and other institutions. 

For example:

  • Students who are enrolled in an eligible certificate or diploma program that is one year in length, are eligible to receive the Subsidized loan for a maximum period of 1.5 years, including any prior coursework.
  • Students who are enrolled in an associate's degree program that is 1.5 years in length, are eligible to receive the Subsidized loan for a maximum period of 3 years, including any prior coursework.

The Subsidized and Unsubsidized loans are similar. However, this loan accrues interest 14 days after it is disbursed to your Student Banner account. In addition, students do not have to demonstrate financial need t​​o receive this loan. 

Students have the same grace period after completing their program, ceasing attendance, or if they are below half-time enrollment status (5 credit hours or less). Interest accrues (or is added) to the loan each semester.  The Unsubsidized loan's principal balance and the interest must be repaid. Students may choose to pay their interest each semester. 

There are limits on the amount in Unsubsidized loans that you may be eligible to receive each academic year (annual loan limits) and the total amounts that you may borrow for undergraduate and graduate study (aggregate loan limits). The annual loan limits vary; they are based on your year in college (Freshman, Sophomore, Junior/Senior) and your dependency status.

Keep track of your student loan debt and usage by visiting the National Student Loan Data System (NSLDS) website here.​​