Currently, Financial Aid is available for the Vocational Nursing program for both campuses, for the Medical Assistant program for the City of Industry campus, and for the Bachelor of Science of Nursing (RN to BSN) and Bachelor of Science in Prelicensure Nursing program for the Los Angeles campus. All student financial aid is based on eligibility qualifications.
AVAILABLE FINANCIAL AID PROGRAMS
Federal Pell Grant
Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree. Eligibility for the Federal Pell Grant Program is determined by a standard need-analysis formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back. The maximum Federal Pell Grant for 2023-2024 is $7,395 per academic year. In certain situations, an eligible student can receive up to 150 percent of the maximum annual Federal Pell grant amount for an award year. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600% lifetime maximum for each student.
Federal Supplemental Educational Opportunity Grant
A Federal Supplemental Educational Opportunity Grant (FSEOG) is a grant available to a limited number of students for undergraduate students with exceptional financial need. Grants are based on funds available and do not have to be repaid. Offers are granted proportionately during the aid year until available funds have been exhausted.
Federal Work-Study
Federal Work–Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study. Currently, our institution does not participate in this program.
William D. Ford Federal Direct Student Loans
Direct Loans are low-interest Loans for students and parents to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education. Under the Federal Direct Loan (FDL) program the University certifies eligibility for each loan, and sends the loan details to the U.S. Department of Education. Loan proceeds are disbursed to the University electronically and then posted to the student’s account. Students must repay the loan with interest to the servicer assigned by the U.S. Department of Education after the loan is disbursed. A description of the terms and conditions for borrowers of federal education loans is available at studentaid.gov
Eligible students will be offered estimated student loan amounts based on FAFSA submission and the standard need-analysis formula. Students (and parents borrowing Federal Direct Parent Loans) must complete and submit a Master Promissory Note (MPN) to the Department of Education before loans will be processed. First time student loan borrowers must also complete loan entrance counseling prior to funds being disbursed. Angeles College encourage all students to complete loan entrance counseling to learn about their loan history & any updates by the Department of Education. Both the MPN and loan counseling are available online at studentaid.gov
Federal Direct Subsidized Loan
Offered to students based on demonstrated financial need. Interest is paid by the federal government while the student is in school. Federal Direct Subsidized loans are available to undergraduate students with financial need. Students may borrow up to $3,500 for their first academic year, $4,500 for the second academic year, and $5,500 for the third and fourth academic years, at a fixed interest rate which is established annually by the U.S. Department of Education. Current interest rates can be found at: https://studentaid.gov/understand-aid/types/loans/interest-rates. Interest begins accruing at the time students cease full-time enrollment or fail to carry at least one-half the normal full-time College workload. Regular payments begin six months after the student ceases enrollment or fail to carry at least one-half the normal full-time College workload.
Federal Direct Unsubsidized Loan
Students are responsible for all the interest that accrues while enrolled in school. Interest may be deferred throughout enrollment. Unpaid interest that is deferred until after graduation is capitalized (added to the loan principal).
If you are a dependent student whose parents are not eligible for a Direct PLUS Loan, you may be able to receive additional Direct Unsubsidized Loan funds.
The following chart shows the annual and aggregate limits for subsidized and unsubsidized loans.
|
Annual Loan Limit |
Dependent Students (except students whose parents are unable to obtain PLUS Loans) | Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans) |
| First-Year Undergraduate |
$5,500-No more than $3,500 of this amount may be in subsidized loans. | $9,500-No more than $3,500 of this amount may be in subsidized loans. |
| Second-Year Undergraduate |
$6,500-No more than $4,500 of this amount may be in subsidized loans. | $10,500-No more than $4,500 of this amount may be in subsidized loans. |
| Third Year and Beyond Undergraduate |
$7,500 per year-No more than $5,500 of this amount may be in subsidized loans. | $12,500-No more than $5,500 of this amount may be in subsidized loans. |
Notes:
- The graduate aggregate limit includes all federal loans received for undergraduate study.
- The aggregate loan limits include any Subsidized Federal Stafford Loans or Unsubsidized Federal Stafford Loans you may have previously received under the Federal Family Education Loan (FFEL) Program. As a result of legislation that took effect July 1, 2010, no further loans are being made under the FFEL Program.
Ref: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized
Federal Direct Parent PLUS loan for Undergraduate Students
Direct Parent PLUS loans are low-interest loans available to parents of dependent students and interest is charged during all periods. Federal Parent Loans for undergraduate students provide additional funds for credit-worthy parents to help pay for students’ educational expenses. If a parent has no credit or a poor credit history, he/she may still qualify for a loan by applying with a credit-worthy endorser. Interest rates are fixed and established annually by the U.S. Department of Education. Current interest rates can be found at https://studentaid.gov/understand-aid/types/loans/interest-rates.
To learn more about these federal financial aid programs, visit studentaid.gov
State Aid Programs
Students may qualify for additional grants from their state governments. To learn about available grants, visit the following websites: https://www.csac.ca.gov/students
Cal Grant Programs
Cal Grant A, B and C are grant programs administered by the State of California and are available to eligible undergraduate students that does not need to be paid back. Cal Grant applicants must apply using the FAFSA or CA Dream Act Application by the deadline and meet all eligibility, financial, and minimum GPA requirements of either program. Student eligibility must be approved by the California Student Aid Commission. Grants are based on funds available from the State and do not have to be repaid. All Cal Grant payments are credited to the student’s account to cover outstanding tuition fees, and supplies. However, a student may request direct payment of his or her Cal Grant B & C access funds up to the date the fund transaction actually occurs.
Chafee Grant Program
The California Chafee Grant Program is sponsored by the California Student Aid Commission and the state Department of Social Services for eligible foster youth and former foster youth. Students who qualify may be eligible to receive up to $5,000 per year if enrolled in an eligible program. In general, students must:
- Be eligible, or have been eligible, for foster care between ages 16 and 18.
- Not have reached age 26 as of July 1 of the award year
- Have not participated in the program for more than 5 years (cumulative)
Funding from the Chafee Grant is intended to supplement any grant funds that a student may otherwise be eligible to receive; however, the total grant funding may not exceed the student’s cost of attendance. Chafee Grant benefits must be coordinated with a student’s other financial aid. In some instances, remaining loan disbursements or work-study awards may need to be cancelled to allow maximum Chafee Grant awards to be received.
Private Loans
The College encourages its students to exhaust their federal student aid options before seeking private loans. However, students and parents who do not qualify for Title IV funds or who need additional funds to cover educational expenses beyond what is covered by Title IV funds may apply for private loans through the lender of their choice. Currently, students can apply for Sallie Mae Smart Option loan if they are eligible.
To qualify, a student generally must be a US citizen, a US national, or a permanent resident and must be creditworthy. If the student has no credit history, he or she may still qualify for a loan by applying with a creditworthy co-borrower. International students are eligible with a creditworthy cosigner (who must be a U.S. Citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
Affordable Tuition
Angeles College keeps its undergraduate tuition rates affordable. Tuition is established annually, generally in the beginning of each year prior to the beginning of the academic year. In addition to tuition, the Angeles College annually establishes several nominal fees charged on a quarter basis (degree programs) and clock hour basis (non degree programs).
California residents, Non residents and Military Servicemembers
Receive in-state tuition at AC.
Veterans and Military Service Members
Angeles College keeps its undergraduate tuition rates affordable, so your military benefits can go further. Angeles College welcomes men and women who have served in our country’s military services. Our school representatives work with veterans, active duty personnel, and dependents to help ensure they receive maximum tuition benefits through the Department of Veterans Affairs, Department of Defense and Armed Forces.
Angeles College’s traditional undergraduate programs as listed below are approved for GI education benefits and military tuition assistance by veterans, activity duty personnel, or qualifying dependents. Currently only main (Los Angeles) campus participates in the Veterans Educational Benefit trainings.
Institution of Higher Learning (IHL) programs:
- Bachelor of Science in Prelicensure Nursing (LA Campus)
- Bachelor of Science in Nursing – RN to BSN (LA Campus)
Institution of NCD program (Certificate)
- Vocational Nursing (LA Campus)
Veterans and Eligible Persons Receiving Educational Benefits
Veterans can apply for Federal and State Student Aid in conjunction with VA benefits. Seeing a complete picture of aid options helps students make an informed decision on how to best utilize VA benefits as part of college financing.
VA benefits are taken into consideration for institutional aid eligibility but they do not impact a student’s eligibility for Federal Student Aid. Students who choose to utilize their Post-9/11 GI Bill® benefits should still complete the FAFSA application as receiving VA benefits does not impact a student’s eligibility for Federal Student Aid such as Federal Direct Loans and Pell Grants.
Veterans educational benefits are available to eligible full or part-time Angeles College students who are active duty or reserve military personnel, veterans, or in some cases, the dependent of a veteran. To determine eligibility, complete the online Application for VA Education Benefits – VA Form 22-1990 via https://benefits.va.gov/gibill/
Eligible students must submit a certificate of eligibility (COE), a written request to use such entitlement, and any additional information needed to certify enrollment. Student will continue have access to classes, libraries, and other institutional facilities as outlined in our catalog. No late fees will be assed and student’s accounts will be considered on hold, up to 90 days. Title 38 USC 3679 (e).
Once you enroll in courses, Angeles College’s School Certifying Officials (SCOs) will certify your enrollment to the VA no later than 30 days prior to the start of the quarter/term.
- I Bill® is a registered trade mark of the U.S. Department of Veterans Affairs (VA). More information about educational benefits offered by VA is available at the official U.S government Web site at https://www.benefits.va.gov/gibill.
Post-9/11 GI™(CHAPTER 33)
To qualify for the Post-911 GI Bill™ you must have at least 90 days of aggregate service after September 10, 2001 or honorably discharged with a service-connected disability after 30 continuous days following September 10, 2001. For more information please visit https://www.va.gov/education/about-gi-bill-benefits/post-9-11/
VA Education Benefits for Survivors and Dependents (CHAPTER 35)
Find out if you’re eligible for VA education benefits for dependents and survivors (also called Chapter 35 benefits). If you’re a dependent spouse or child—or the surviving spouse or child—of a Veteran, you may qualify for Chapter 35 benefits or job training through a GI Bill program. For more information please visit https://www.va.gov/education/survivor-dependent-benefits/
Veteran Readiness and Employment (CHAPTER 31)
If you have a service-connected disability that limits your ability to work or prevents you from working, Veteran Readiness and Employment (formerly called Vocational Rehabilitation and Employment) can help. This program—also known as Chapter 31 or VR&E—helps you explore employment options and address education or training needs. In some cases, your family members may also qualify for certain benefits. For more information please visit https://www.va.gov/careers-employment/vocational-rehabilitation/
