FEDERAL PELL GRANT
Amount: 2008-2009 annual maximum for full-time - $4,731 *Award is adjusted based on enrollment status
The Federal Pell Grant is a program for high need undergraduate students who have not earned a first Bachelor's degree. To qualify for a Pell Grant, you must be enrolled at least half time. In some cases, less than half-time students may qualify. Award amounts, based on a student's EFC, are determined by the U.S. Department of Education based on congressional funding.
FEDERAL SEOG GRANT
Amount: Up to $800 for the year
The Federal Supplemental Opportunity Grant is for undergraduate students attending at least half time with exceptional need. Normally, the grant is awarded to students who are eligible for a Federal Pell Grant and who have the lowest expected family contribution (EFC).
FEDERAL ACADEMIC COMPETITIVENESS GRANT (FACG)
Amount: Up to $750 for first-year students
Up to $1,300 for second-year students
The Federal Academic Competitiveness Grant is for first and second academic year students who are U.S. citizens enrolled full-time and receiving a Federal Pell Grant. Recipients must have graduated from high school after January 1, 2005 and have completed a rigorous secondary school program of study. A rigorous secondary school program is defined as completing and passing at minimum the following courses: 4 years of English 3 years of math including algebra 1 and a higher-level class such as algebra II, geometry or data analysis and statistics 3 years of science including one year each of at least two of the following: biology, chemistry and physics 3 years of social studies 1 year of a language other than English To be considered for ACG, you must have your final high school transcript sent to the financial aid office for review.
FEDERAL WORK STUDY
The Federal Work-study Program is used to provide part-time employment to students with financial need. Recipients must be enrolled at least half time to participate. Students are paid at least the minimum wage and are paid twice a month. The Financial Aid Office determines earnings limits and you will be notified of this limit via the financial aid award letter. Employment opportunities exist in most campus departments.
FEDERAL PERKINS LOAN
Available to qualified students with financial need. Repayment of the loan at 5% per annum simple interest begins 9 months after a student graduates, leaves school or ceases to enroll at least half time.
FEDERAL SUBSIDIZED STAFFORD LOANS
Federal Subsidized Stafford Loans are made to students who demonstrate financial need and are enrolled at least half time. Lenders such as banks and credit unions make these loans. Students who have been awarded and accept a loan must complete additional application materials.
If you have been awarded a Federal Stafford Loan, you must indicate the amount you would like to request on your Financial Aid Award Letter. When the letter is returned to our office, we will certify your loan by sending an electronic file to your lender/guarantor. If this is your first loan, the lender/guarantor will mail you a Master Promissory Note (MPN), which must be signed, dated and returned to your lender. If a MPN is already on file, you will not need to complete another one.
Federal Stafford loans are normally disbursed in two equal disbursements for the loan period (one at the beginning and one at the midpoint). For first-year, first-time undergraduate borrowers, the loan funds cannot be released until 30 days after the first day of classes for the term.
Most loan funds are received via Electronic Funds Transfer (EFT) and are sent directly to the Business Office. Loan proceeds will be credited to your student account. If the funds create a credit balance, the excess funds will be refunded directly to you. You will be notified when this transaction has occurred and will have 14 days to notify the Financial Aid Office if you would like to cancel all or part of the loan disbursement. Loan funds received via a paper check will be sent to the Business Office and require your endorsement.
NOTE: You must complete an Entrance Counseling session prior to your loan request being processed. See the Loan Counseling section for additional information.
On an annual basis, freshmen may borrow up to $3,500; sophomores may borrow up to $4,500; juniors and seniors may borrow up to $5,500. Each loan is subject to a fee that may be deducted by the lender prior to the disbursement of funds. Repayment of the loan normally begins six months after you graduate, leave school, or are no longer enrolled at least half-time.
In certain situations, you may be able to defer payment of your loan. Deferments can be granted for such things as returning to in-school status, disability, and economic hardship. Deferments can only be granted by your lender, who should be contacted for complete information and eligibility criteria.
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FEDERAL UNSUBSIDIZED STAFFORD LOANS
The Federal Unsubsidized Stafford Loan is available to students who may not qualify for a Subsidized Stafford Loan. This loan is not based on financial need. The Unsubsidized loan has the same basic terms and procedures as the Federal Stafford Loan except that interest will start accumulating from the time that the loan is disbursed. The interest does not have to be paid while you are enrolled at least half time but will accrue and be added to the loan principal at repayment.
Students classified as independent by the U.S. Department of Education are eligible to receive additional funds through the Federal Unsubsidized Stafford Loan program. At the freshmen and sophomore levels, students are eligible for an additional $4,000 per year. At the junior and senior levels, students may be eligible for an additional $5,000 per year.
FEDERAL PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS)
The Federal Plus Loans are made to parents who want to help pay for their children's education. The amount that a parent can borrow will be determined by the cost of attendance per child, minus any other financial aid. All FPLUS applicants are subject to a credit check for approval. (This loan has a fixed interest rate of 8.5%. Repayment begins 60 days after the last disbursement of the loan is made.
STATE OF HAWAII PROGRAMS STATE HIGHER EDUCATION LOAN (SHEL)
Available to qualified Hawai’i residents with financial need. Repayment of the loan at 5% per annum simple interest begins 9 months after a student graduates, leaves school or ceases to enroll at least half time.
HAWAI’I STUDENT INCENTIVE GRANT (HSIG)
Tuition grants available to undergraduate students attending school at least half time who have a zero (0) Estimated Family Contribution (EFC). Funds are limited.
PACIFIC ISLANDER ACHIEVEMENT GRANT (DM-PAC)
Amount: $1000 per academic year
Number: Based on availability of funds
MAUI CC offers a grant for students from the Freely Associated States (Palau, Federated States of Micronesia, Marshall Isles). The grant was established to help offset the recent tuition increase. Students who have been charged the Pacific Islander tuition rate must self identify by contacting the Financial Aid Counselor and demonstrate academic potential with a 2.5 cumulative GPA.
For more information contact Maui CC Financial Aid Office 984-3277
HAWAII B+ SCHOLARSHIP PROGRAM
Grant funds are available to 2006 and later graduates of public Hawaii high schools who have a 3.0 or higher high school grade point average.
Scholarships
UH ACHEIVEMENT SCHOLARSHIP
Formerly administered as tuition waivers, this scholarship provides aid for students demonstrating achievement based on criteria established by Maui CC.
UH CENTENNIAL SCHOLARSHIPS
The new University of Hawai’i Centennial Scholars Program will award $1,000 toward tuition to all UH-bound high school students (including UH Community Colleges) who graduate from a Hawai’i high school with a 3.8 grade point average or score an 1800 or better on the 3-part SAT, and enrolled full-time (12 credits or more).
UH OPPORTUNITY GRANT
Formerly administered as tuition waivers, this grant provides aid for students demonstrating financial need. Students apply for the grants by submitting their FAFSA and applying for admission at the UH campus of their choice. Scholarships may require additional documents such as an application, a personal or goal statement, letters of recommendation, and transcripts. Here are a few offered at Maui CC:
*Requires a separate application.
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