Financial Aid

Consumer Information for Financial Aid Applicants

Frequency of Disbursements

When financial aid is awarded it is awarded for the academic year. Usually this means the Fall and Spring semesters. The financial aid award is required to be split equally between the semesters. Financial aid is paid to a student's account when the following conditions are met.

  1. The student is determined to be eligible and is awarded.
  2. Stafford loan funds have been received from the lender.
  3. The student is enrolled in the correct number of credit hours.
  4. The student is determined to be maintaining Satisfactory Academic Progress.
  5. The disbursement date for the term has been reached.

In practice this means that the first time that aid can be released to a students account is one week before the term starts. If all the other conditions have been met. We continue to release funds throughout the term to student accounts as students are awarded and as funds arrive from the lenders.

Sample Loan Repayment Schedule

Below is a sample loan repayment grid showing the monthly payments and total amounts repaid. The minimum payment for Stafford loan is $50.00 per month, for Perkins Loan $40.00 per month

Standard Repayment Plan at 8.25% Interest
Loan Amount Number of Payments Monthly Payment Interest Charges Total Repaid
2,600.00 65 $50.00 $628.42 $3,228.42
4,000.00 120 $50.00 $1,827.30 $5,827.30
7,500.00 120 $91.99 $3,538.80 $11,038.80
10,000.00 120 $122.65 $4,718.00 $14,718.00
15,000.00 120 $183.98 $7,077.60 $22,077.60

Federal Direct Stafford Loan and Perkins Loan Entrance and Exit Counseling

Entrance counseling is required of all first time borrowers for each loan program. Exit counseling is required of any student who has had a student loan, who ceases to attend, or drops below half time enrollment.

Follow these links to complete counseling.

Student Loan Entrance Counseling
Student Loan Exit Counseling
Perkins Loans Entrance Counseling
Perkins Loans Exit Counseling

Federal Direct Student loan Repayment Options

Repayment options can be found on the following website:

Direct Stafford Loan Repayment Information

General Terms and Conditions of Federal Work Study

When you are awarded work-study, you will receive a notification to visit the Financial Aid Office to receive a Work-Study Hiring Packet. Part of this packet is the Work-Study Job Referral Form, this form is proof that you have a Work-Study award; it shows the maximum amount you can earn during the fiscal year, and will have this amount broken down for each semester. Students applying for work-study positions must have a referral form, in their possession, in order to apply for a job.

Once you receive a referral form you may apply for work-study jobs through the Human Resource website at https://jobs.slcc.edu. Only students who receive a work-study award as part of their financial aid package may apply for work-study jobs.

If selected, you will be contacted by the department listed on the position announcement for an interview. Take the Work-Study Job Referral Form with you to the interview. Once you've been hired, your supervisor must complete the Job Referral Form and all required hiring paperwork. The hiring paperwork must be completed and returned to the Financial Aid office within three (3) days of hire, it is required to set up your payroll account.

When planning your schedule, your supervisor will consider the following: award amount, rate of pay, your class schedule and the number of weeks left in the Semester. The number of hours you are able to work each week will depend upon the amount of your work-study award. At Salt Lake Community College, work schedules are generally flexible to allow students to work around their classes. Most work-study employees work 10-12 hours a week during a 15-week semester. You and your employer will determine your work schedule. Work-Study employees may not work more than 20 hours per week and cannot earn more than the amount of his or her award. The maximum amount awarded in work-study for one semester is $2500 or $5000 per academic year. The minimum amount awarded is $1000 per semester.

There is a wide range of student jobs on campus open only to SLCC students. Often, students can find a job that combines good pay and valuable work experience because the job duties relate to their academic major. Many supervisors are flexible in setting up a work schedule and you may be able to work between your classes. Studies show that students who work tend to make better grades, learn to manage their time more efficiently, are more persistent in their goal to graduate, and may have to borrow less in loans to help pay for college expenses.

SLCC uses the institutional hourly classification and pay plan to determine pay rates for student employees. Pay rates range from minimum wage to $12.00 per hour. Your pay rate will correspond to your job classification. Jobs are classified by the skills needed and the level of responsibility required. Pay raises may be given depending on your job performance. Work-Study employees may not earn more than their award amount and should plan accordingly. Once you have earned the amount equivalent to your award, your work-study position will be terminated. However your supervisor will then have the option to hire you as an hourly employee.

Paychecks are distributed twice a month; see the Payroll Calendar at www.slcc.edu/payroll/ for more detailed information. The amount of your check will depend on your pay rate and the number of hours you worked during the previous pay period. Your paycheck will be mailed to your home address. Direct Deposit is available upon request.

Work-Study Rules and Restrictions

  • Work Study students' work hours are limited to a maximum of 20 hours per week.
  • A student cannot earn more than the amount of his or her award.
  • A student must be making Satisfactory Academic Progress toward a degree in order to be eligible for financial aid.
  • Work-study awards are subject to change or cancellation. Violations of any work-study rules or changes in any aspect of a student's financial aid file may result in reduction or loss or that student's award.
  • Students must promptly submit any paper work or information as requested by Financial Aid. The status of a student's financial aid often hinges on the requested information.
  • A student could lose his/ her award if he/she fails to provide requested information. The student must reapply for Work Study each year she/he would like to be considered.
  • Students have 45 days to find a job before their Work Study award is cancelled.
  • If the student stops earning work-study wages for a period of 60 days or more any remaining Work Study award will be cancelled.
  • Students must complete FAFSA or Renewal FAFSA by the priority deadline for the earliest consideration for available funds. You must also check the box on the SLCC Financial Aid Institutional Application indicating you are interested in work-study. Be aware that most aid programs have limited funding. Applicants who file by the priority-filing deadline are considered first for such aid.
  • If a student is not offered Work Study by filing the FAFSA by the priority-filing deadline and would like to be considered, they must request in writing to the Financial Aid Office that his or her name be placed on a Work Study waiting list. All qualifications must be met and the student must comply with all provisions set forth by the Financial Aid Office to remain eligible for Work Study.

Tuition and Fee Schedule 2012 - 2013

Tuition is charged per credit hour according to the following schedule.

Hours Utah ResidentsNon-Residents
1 $167.00 $453.00
2 $299.00 $870.00
3 $431.00 $1,287.00
4 $563.00 $1,704.00
5 $695.00 $2,121.00
6 $827.00 $2,538.00
7 $959.00 $2,955.00
8 $1,091.00 $3,372.00
9 $1,223.00 $3,789.00
10 $1,355.00 $4,206.00
11 $1,470.00 $4,606.00
12 $1,585.00 $5,006.00
13 $1,585.00 $5,006.00
14 $1,585.00 $5,006.00
15 $1,585.00 $5,006.00
16 $1,585.00 $5,006.00
17 $1,585.00 $5,006.00
18 $1,585.00 $5,006.00
19 $1,700.00 $5,406.00
20 $1,815.00 $5,806.00
21 $1,930.00 $6,206.00

Cost of Attendance 2012 - 2013

The following are the estimated cost of attendance budgets for students attending at least 6 credit hours for the academic year.

Resident Off Campus Resident With Parent Non-Resident
Tuition and Fees $3,170 $3,170 $10,010
Room and Board $9,900 $2,970 $9,900
Books and Supplies $1,680 $1,680 $1,680
Transportation $2,340 $2,340 $2,340
Personal Expenses $1,370 $1,370 $1,370
Totals $18,460 $11,530 $25,300

Refund Policy

A student who drops courses during the add/drop period of a term will receive a tuition adjustment or refund. Students who withdraw from courses after the add/drop period will not receive an adjustment or refund. Students must pay for all courses not dropped by the drop deadline. Exceptions to this policy may be granted by Enrollment Services after the student submits a written appeal. Courses are not automatically dropped for non-attendance.

Overpayment/Return of Funds

Pell Grant recipients who reduce their credit hours below the minimum required by their award level, may be required to repay all or a portion of the Pell grant.

Students who have funds disbursed to them after they have ceased to attend courses may also be required to repay those funds.

All financial aid recipients who drop or withdraw from classes prior to the 60% point of the term are subject to the Federal Return of Funds policy. In addition, students who fail to complete any classes during the term are also subject to this policy. They may be required to return any funds received to the federal programs. If SLCC is required to return federal funds, these costs will be passed on to the student who will be required to reimburse the school.

How to Officially Drop or Withdraw from Classes.

Students may drop classes during the add/drop period or withdraw from classes prior to the withdrawal deadline for the term. To drop classes or withdraw from classes, students must log in to MyPage and follow the instructions to drop or withdraw from classes. For additional assistance, please contact Student Express. Financial aid recipients are required to notify the Financial Aid Office at the time they drop or withdraw. These students may be required to repay financial aid.

Hope Scholarship and Lifetime Learning Credit.

Tax breaks for Higher Education:

http://www.nasfaa.org/students/Tax_Breaks_for_Higher_Education.aspx