Page 11 - 2012-2013 TMCC College Catalog

2012-2013 TMCC College Catalog A-9
in Appendix D of this course catalog.
Following are brief descriptions of
different types of aid available.
Governor GuinnMillennium
Scholarship
This scholarship is awarded by the
State of Nevada Treasurer’s office to all
Nevada high school seniors who have met
Governor Guinn Millennium Scholarship
eligibility requirements, graduated
June 2000 or after and meet program
requirements, including declaring
a degree, emphasis, or certificate at
TMCC. The Governor Guinn Millennium
Scholarship value at TMCC is $40 per
credit (excluding courses numbered
under 100) for a minimum of six credits
and a maximum of 12 credits. While fees
for the courses numbered under 100 are
not eligible for payment of millennium
funds, the courses are counted toward
the minimum six-credit requirement. The
credits and grades earned are calculated
into the students’ GPA. The millennium
scholarship does not cover workforce
development and continuing education
classes. For more information contact the
millennium scholarship office at http://
nevadatreasurer.gov or call 888-477-2667.
Check your millennium status and award
online via MyTMCC at www.tmcc.edu or
go to www.tmcc.edu/financialaid/ggms
for more information.
Grants
Federal Pell Grant: this grant is funded
by the federal government and awarded to
eligible students who have not yet received
abachelor’sdegree. Theamountof thegrant
is determined by the student’s estimated
family contribution (EFC). The actual award
is based on the EFC, the student budget at
the institution and the number of credits for
which the student enrolls.
Federal Supplemental Educational
Opportunity Grant: these limited funds
are for students enrolled in at least six
credits who qualify for a Pell Grant.
Students who apply early and show the
greatest need are given preference for
this grant.
Bureau of Indian Affairs Grant: this
grant is for eligible Native Americans and
offered by the BIA through the individual
tribes or BIA agencies. Students initiate
the application process by contacting
their specific tribal office.
Access State Grants and Grants-in-
Aid: these limited funds are available for
Nevada residents and some nonresidents
enrolled at least half-time (six credits).
The TMCC financial aid office determines
eligibility based on need or merit.
Loans
Federal Perkins Loan: this is a long-
term, low-interest loan. The TMCCfinancial
aid office determines who is eligible and
the amount of the loan. Students having
exceptional need and the least ability to
contribute to their own educational costs
are given priority. Repayment begins
9 months after the student graduates,
leaves school or drops below six credits.
Federal Stafford Loans (subsidized
and unsubsidized): these are low-
interest, need-based and non need-based
loans, respectively, made by banks and
other commercial lending institutions to
students. Repayment begins six months
after the student graduates, leaves school
or drops below half-time (six credits).
Students must have applied for financial
aid with the FAFSA and be enrolled in at
least six credits. To receive the separate
loan application, the student must
contact the financial aid office. Prior to
receiving their second disbursement
or upon graduating, leaving school or
dropping below six credits, students must
complete an online exit counseling at
http://studentloans.tmcc.edu.
Federal PLUS Loan: the PLUS loan is for
the parents of dependent students. The
interest rate is fixed at 8.5%. Repayment
of PLUS loans begins 60 days after the
final disbursement of the loan check. PLUS
packets are available on request from the
financial aid office.
Emergency Loan: TMCC students who
are enrolled at least half-time (six credits)
andwhose fees havebeenpaidor deferred
may apply for a loan of a maximum of
$200. Additional restrictions may apply.
This loan must be repaid within 30 days
and requires a $1 processing fee. Students
may receive one loan per term. There is a
$5 late fee for loans not repaid by the due
date.
Employment
Federal and State Work Study
Program: these programs provide eligible
students with an hourly wage to work
in an approved job. Students apply for
financial aid using the FAFSA and are
informed via an award letter on MyTMCC
if they are eligible. Job listings are posted
on the Web at studentjobs.tmcc.edu.
Regents Service Award Program:
this state-funded work program offers
students positions that require a higher
level of skill or knowledge and are more
directly related to their career goals.
Students need not be eligible for financial
aid but must meet state-mandated
eligibility criteria. Positions are posted on
the Web at studentjobs.tmcc.edu.
Student Employment: students who have
not qualified for either of the work study
programs may apply for on- or off-campus
jobs as available. These jobs are posted on
theWeb at studentjobs.tmcc.edu.
Financial Aid Student Rights
All consumer information is available
via the Web at financialaid.tmcc.edu.
Students have an equal opportunity
to receive financial aid. After making
proper application, students are entitled
to expect an equitable determination for
eligibilityof available funds. Each student’s
application is individually reviewed using
the same evaluation criteria.
Students have the right to have access to
information about all types of aid available
at TMCC and minimum requirements for
eligibility.
Students have a right to information
regarding repayment schedules and
interest rates for loans. This information
is available in financial aid publications,
but it is still important for students to
read their own promissory notes carefully
before signing.
Students have the right to appeal
decisions made by the financial aid office
to the financial aid appeals committee.
Financial Aid Student
Responsibilities
Students receiving financial aid from
TMCC are required to accept certain
responsibilities in order to receive their
aid packages and/or maintain eligibility
for continued aid awards.
Enrollment: students must be enrolled
in a degree, emphasis, or certificate
program. Any changes may result in
the loss of eligibility and a delay in aid
received. Workforce development,
continuing education and SENR classes
are not considered part of the credit load
nor in the completion rate.
FULL-TIME: If a student’s award is based
on full-time enrollment, the student
must maintain 12 or more credits.
3/4 TIME: If a student’s award is based on
three-quarter-time enrollment, the
student must maintain 9-11 credits.
1/2 TIME: If a student’s award is based
on half-time enrollment, the student
must maintain 6-8 credits.
LESS THAN 1/2 TIME: If a student’s
award is based on less than half-
time enrollment, the student must
maintain 1-5 credits.
See Appendix D for a complete, detailed
explanation of satisfactory academic
progress.
Change of Status: students are
required to notify the TMCC financial
aid office in writing of any event that
may alter their financial status such as a
change of residency, receipt of additional
educational benefits or acceptance of
a scholarship. If it is determined that a
student received money that exceeded
his/her eligibility, the student is liable for
repayment of the over-awarded amount.
Federal regulations do not allow
students to receive federal financial aid
from two schools at the same time. For
additional information please visit http://
www.tmcc.edu/financialaid/transfer/