Types of Aid


Grants are gifts of money which do not have to be repaid, under most circumstances. You must show a significant amount of financial need to qualify for grant programs. Because most grant funding is limited, early application is encouraged. The major grants awarded by SLCC are described below:

  • Federal Pell Grant:
    Available to undergraduate students with financial need. Values range from $574 to $5,645 depending on degree of need, cost of education, enrollment status and congressional funding level.

  • Federal Supplemental Educational Opportunity Grant (FSEOG):
    Federal funding available to undergraduate students attending at least half time with financial need. Funds are limited to students with the highest need who are eligible for a Federal Pell Grant. Values range from $100 to $1,000 depending on funds available, enrollment status and degree of need.

  • Higher Educational Success Stipend Program (HESSP):
    State funding available to Utah residents attending at least half time with financial need. Values range from $100 to $1,000 depending on funds available.

  • Need Based Grant (N-BGR):
    Institutional funding available to Utah residents attending at least half time with financial need. Values range from $100 to $1,000 depending on funds available.

  • Utah Educationally Disadvantaged Grant (UEG):
    State funding available to Utah residents attending at least half time with financial need. Values range from $100 to $1,000 depending on funds available, enrollment status and degree of need.

SLCC Promise is a commitment to assist Federal Pell Grant recipients, whose Pell funding is not enough to pay the cost of tuition and general fees by covering the gap between Pell and the tuition/fee amount.

  • Promise:
    This funding is available to Utah residents, attending 12-18 credit hours Fall or Spring Semester who are receiving a Federal Pell Grant. A separate application is not required.
    SLCC Promise Landing Page

Students are required to sign an acceptance form and meet with an Academic Advisor to create a degree plan. Promise funds pay after the last day to drop. These funds are not awarded retroactively and are not available to students at the School of Applied Technology.

Federal Title IV Loan Programs assist students with their educational expenses and are repaid when the student is no longer attending or enrolled in at least six credit hours. SLCC participates in three federal loan programs: Federal Perkins Loan, Federal Direct Stafford Student Loan (subsidized and unsubsidized), and Federal Direct Parent Loan for Undergraduate Students (PLUS). By institutional policy, loans are not awarded retroactively and are not available to students attending the School of Applied Technology.

  • Federal Perkins Loan:
    This program is available to students with demonstrated financial need. Awards range from $100 to $2,700 depending on need and fund availability. Repayment begins 9 months after graduation, leaving school or dropping below six credit hours. The minimum repayment is $40 per month and may be higher depending on the total amount borrowed. The maximum time allowed for repayment is 10 years, not counting periods of deferment. The interest rate is fixed at 5%. Borrowers at SLCC must complete Loan Entrance Counseling and sign a promissory note. Due to impending cancellation of this program, awards are limited to students who have previously received these funds.

  • Federal Direct Stafford Student Loan (subsidized/unsubsidized):
    The annual loan limit for students who have completed less than 30 hours is $3,500.00. The annual loan limit for students who have completed 30 hours or more is $4,500.00.

    Repayment begins 6 months after the student ceases half time enrollment. The minimum payment is $50.00 per month and may be higher depending on the total amount borrowed. The maximum time frame allowed for repayment is 10 years but may be longer, depending on what repayment options are available to the student.

    The interest rate is variable and determined by Congress. Subsidized loans do not accrue interest while a student is attending at least half time (6 or more credit hours). Unsubsidized loans accrue interest during the loan period; borrowers may pay the interest or have it capitalized.

    An additional unsubsidized amount may be available to students and may be requested by completing an Additional Unsubsidized Loan Application and meeting with a Financial Aid Advisor. Borrowers must complete Loan Entrance Counseling and sign a Master Promissory Note.

    All students who have a Federal Stafford Student Loan who cease to attend SLCC on at least a half time basis (6 credit hours or more per semester) must complete Loan Exit Counseling.

  • Federal Direct Parent Loan for Undergraduate Students (PLUS):
    Available to parents of dependent students. The award may not exceed cost of education less other estimated financial assistance. Repayment begins 60 days after disbursement. The interest rate is variable and cannot exceed 9%.

  • Private Loans:
    As a general rule, students should only consider obtaining a private education loan if they have maxed out the Federal Direct Stafford Loans. The award may not exceed cost of education less other estimated financial assistance. Interest rates vary based on lender and credit worthiness and co-signers are often required. For application information email the Office of Financial Aid & Scholarships at financialaid@slcc.edu.

Federal Work-Study
This federally funded program is available to students demonstrating financial need who are attending at least half time. Positions are available on campus or at local elementary schools. Award amounts range from $1,000 to $5,000 and are paid as funds are earned.

A book voucher program is available to students attending at least half time who are in need of assistance to purchase textbooks and required supplies. Students may apply, at the Taylorsville Redwood Office of Financial Aid & Scholarships, beginning on the first day of class. The voucher is limited to $500 and may only be used at the College Store. Additional information is available at the Office of Financial Aid & Scholarships.