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.

Federal Pell Grant

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 $639 to $6345 for the 2020-2021 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.

Pell Grant Census Date Policy:

Gwinnett Technical College utilizes a Census Date to determine Pell Grant Eligibility. This date will refer to the point in which your enrollment on Gwinnett Technical College is locked for the semester. This enrollment lock does not apply to any other types of Financial Aid. Student enrollment as of 11:59 on the Census Date will determine Pell Eligibility. If you have a schedule that includes a class in C Term, your PELL Census Date will defer to the C Term Census Date. Any withdrawals prior to that can be subject to your Pell being reduced.

If a student has a schedule that initially includes a Term C class, and decide to drop that class, the Pell Census date will automatically revert back to the Pell Census Date.

New students who are registering during Term C registration will default to the Term C Census Date only.

2020-2021 GTC Pell Grant Census Dates

  1. Fall 2020 Terms A/B- August 17
  2. Fall 2020 Term C – October 7
  3. Spring 2021 Terms A/B- January 14
  4. Spring 2021 Term C– March 10
  5. Summer 2021- May 27

Year Round Pell Grant

The Consolidated Appropriations Act of 2017 allow a student to received Federal Pell Grant funds for up to 150 percent of the student’s Pell Grant Scheduled Award for an award year. To qualify for 2019-2020 Year Round Summer Pell Award students must be enrolled in 6 credit hours during the Summer Term. Summer awards will be based on full-time enrollment (12 or Ore credit hours) and award amounts will be adjusted or canceled once enrollment is confirmed and academic progress is reviewed. Below are scenarios describing how Year Round Summer Pell Grant is processed. For more information, please contact the GTC Financial Aid Office.

Scenario 1 Fall 2019 Spring 2020 Summer 2020
Enrollment 12 hours 12 hours 3 hours
Pell award $3098 $3097 $0
Scenario 2 Fall 2019 Spring 2020 Summer 2020
Enrollment 12 hours 9 hours 3 hours
Pell award $3098 $2286 $811
Scenario 3 Fall 2019 Spring 2020 Summer 2020
Enrollment 12 hours 12 hours 6 hours
Pell award $3098 $3097 $1549
Scenario 4 Fall 2019 Spring 2020 Summer 2020
Enrollment 12 hours 12 hours 12 hours
Pell award $3098 $2286 $3098

Click here for more information on the Federal Pell Grant.

Federal Supplemental Educational Opportunity Grant (SEOG)

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 have 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

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 an initial award 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.

ELIGIBILITY
In order to be eligible for a FWS award, students must:

  • Be an enrolled student pursuing a degree.
  • Demonstrate enrollment for at least six credits in a degree-seeking program
  • Maintain satisfactory academic progress (SAP)and/or be on an approved Education Plan as defined by the Office of Financial Aid.
  • Be a citizen or permanent resident of the United States.
  • Must have financial need as determined by the Free Application for Federal Student Aid (FAFSA).
  • Have his/her financial aid file verified by the Office of Financial Aid, and receive confirmation of an approved FWS award
  • Not have defaulted on or owe a repayment to any federal aid program received for study at another institution

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

Federal Direct Loans

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. Never borrow more than you need.  Student loans are accepted each term and are divided into two disbursements.
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, visit: Federal Direct Loans.

Any student who enters into a loan agreement, the loan information will be submitted to NSLDS and accessible by authorized agencies, lenders, and institutions.

Federal Subsidized Loan

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. If you would like to use both of the Federal funds, you must accept the Subsidized loan first.
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.

Effective July 1, 2013First-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.
Federal Unsubsidized Loan

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.

Repaying Your Student Loans

Once you are no longer enrolled in and attending at least six credit hours, repayment of your federal student loans begins after a six-month grace period. During the grace period, you will receive repayment information from the loan servicer, including the first payment due date (interest accrues on both loans but payments are not enforced).

Information on the servicer assigned to your student loans can be found at National Student Loan Data System (NSLDS).

The Federal Direct loan program offers several repayment plans that are designed to meet the different needs of individual borrowers. Generally, students have 10 to 25 years to repay their loan, depending on the repayment plan that they choose.

Detailed information on repayment options is provided on the mandatory online Entrance Loan Counseling and Exit Loan Counseling sessions.

Sample Loan Repayment Schedules

Repayment Options: Standard
Initial debt when you enter payment Per Month # of Months Total Repaid
$3,500 $50 90 $4,478
$5,500 $63 120 $7,595
$10,500 $121 120 $14,500
$17,000 $196 120 $23,476
$25,000 $288 120 $34,524
$40,000 $460 120 $55,239
$57,500 $662 120 $79,405
Repayment Options: Extended
Initial debt when you enter payment Per Month # of Months Total Repaid
$3,500 Not available for this amount
$5,500 Not available for this amount
$10,500 Not available for this amount
$17,000 Not available for this amount
$25,000 Not available for this amount
$40,000 $278 300 $83,289
$57,500 $399 300 $119,727
Repayment Options: Graduated
Initial debt when you enter payment Per Month # of Months Total Repaid
$3,500 $23-$70 120 $5,201
$5,500 $37-$110 120 $8,173
$10,500 $70-$209 120 $15,603
$17,000 $113-$339 120 $25,262
$25,000 $166-$498 120 $37,150
$40,000 $266-$797 120 $59,440
$57,500 $382-$1,145 120 $85,445
Repayment Options: Income Contingent – Single*
Initial debt when you enter payment Per Month # of Months Total Repaid
$3,500 $26-$33 209 $6,098
$5,500 $41-$51 209 $9,583
$10,500 $78-$98 209 $18,295
$17,000 $127-$158 209 $29,621
$25,000 $186-$232 209 $43,561
$40,000 $298-$372 209 $69,707
$57,500 $298-$560 209 $114,608
Repayment Options: Income Contingent – Married**
Initial debt when you enter payment Per Month # of Months Total Repaid
$3,500 $25-$33 225 $6,380
$5,500 $39-$51 225 $10,025
$10,500 $75-$98 225 $19,139
$17,000 $121-$159 225 $30,987
$25,000 $154-$423 231 $46,576
$40,000 $154-$423 274 $88,667
$57,500 $154-$644 300 $127,891

Edamerica Provides Loan Repayment Assistance

The Office of Financial Aid here at Gwinnett Technical College understands that you may have trouble when repaying back loans. Gwinnett Technical College has collaborated with Edamerica, to provide you with FREE assistance on your federal student loan obligations to ensure successful, and comfortable, loan repayment. The Edamerica counselors will help explain the student loan repayment process so you understand all of your options. If you have trouble making your payments, they will offer helpful alternatives so you will not fall behind. Edamerica is not a collection agency. We have collaborated with them to help you explore a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Edamerica will stay in touch with you via phone calls, letters, and/or emails to help you find answers to your questions and solutions to your issues. Please VISIT our website for any financial questions you may have.

Money Management

Gwinnett Technical College has teamed up with Edamerica, formerly Higher Education Solutions (HES) to provide a monet management website here. The website is here to help explain the student loan repayment process so you understand all of your options. You can also learn money basics with articles about understanding your paycheck, checking and savings accounts, or understanding your credit score.