Types of Aid

Grants are sources of financial aid that generally do not have to be repaid. Most grants are awarded only to students with financial need. You must fill out the so SLCC can determine how much financial need you have. Financial need is the calculated difference between your cost of attendance (COA) and your Expected Family Contribution (EFC). If you have experienced a significant decrease in the income reported on your FAFSA, you may meet with a Financial Aid Advisor to discuss possible special consideration of your circumstances. As  most grant funding is limited, early application is encouraged. The most common grants awarded by SLCC are described below:

  • Federal Pell Grant:
    Available to undergraduate students with financial need. Values range for the 2021-2022 academic year from $672 to $6,495 and for the 2022-2023 academic year from $692 to $6,895 depending on the result of the FAFSA, or EFC, and the number of credits enrolled.

  • 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 most financial 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.

  • 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.

At Salt Lake Community College, we believe higher education should be available to anyone who desires it. SLCC Promise & Access Utah Promise help eligible students pay the gap between regular tuition and fees and the Federal Pell Grant. The Promise is intended to remove economic barriers and to provide a pathway for SLCC students to complete their degree.

To be eligible students must:

  • Be eligible for and receive Federal Pell Grant funds.
  • Register for and maintain at least 9 credit hours for Fall or Spring semester where SLCC Promise is awarded. Dropping below 9 hours at any time, will cause SLCC Promise to be canceled. Summer Promise may be available to students attending 6 credit hours.
  • Maintain satisfactory academic progress standards, as specified in the Financial Aid Satisfactory Academic Progress Policy.
  • Be a Utah resident.
  • Not be attending on a consortium agreement.

Promise is:

  • Applied only toward standard tuition and fees for 9 to 18 credit hours.
  • Adjusted based on actual enrollment.
  • Applied after the last day to drop classes.
  • Reduced or canceled if other funding, such as scholarships, veteran's benefits, sponsorship or tuition waivers are deemed more beneficial.
  • Not awarded retroactively.

Access Utah Promise is only available to students who do not yet have an associate or bachelors degree.

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 two federal loan programs: Federal Direct 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 Direct Loan (subsidized/unsubsidized):
    The annual loan limit for students who have completed less than 30 hours is $3,500. The annual loan limit for students who have completed 30 hours or more is $4,500.

    Repayment begins 6 months after the student ceases half time enrollment. The minimum payment is $50 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 Loan who cease to attend college on at least a half time basis (6 credit hours or more per semester) must complete Loan Exit Counseling.

    • Repayment Options:
      You can work with your loan servicer to see what your options are for paying back your federal student loans. You can find your servicer by logging into National Student Loan Data System with your FSA user name and password.

      There are many different repayment plans to help you pay back your student loans. You can select the repayment plan that is right for your financial situation.

    • Repayment Schedules & Estimators

  • 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%.

  • Cohort Default Rate:
    This rate is in reference to a percentage of an institution’s borrowers that enter repayment for their borrowed aid and fail to make the required payments (default) within the required tracking time frame. Salt Lake Community College’s FY2018 three-year default rate is 9.4%.

  • Private Loans:
    Students should only consider obtaining a private education loan if they have maxed out the Federal Loans, or lost eligibility for Federal Student Aid. Please complete the FAFSA application before applying for a private loan. The loan amount may not exceed the 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, lender options and loan comparisons, please visit our FastChoice Private Lending for Higher Education page. Please allow up to three weeks to complete the certification process, especially during rush periods.

Federal Work-Study
The Federal Work-Study program is available to students demonstrating financial need who are attending SLCC at least half time. Students must first complete the FAFSA to determine financial need. Positions are generally available on campus or at local elementary schools. You can find a listing of available jobs on our Jobs Portal. Award amounts can be as much as $6,000. Students employed through the Federal Work-Study program earn money as you work. You will receive a paycheck like any other job. Learn more about the Federal Work-Study program on the Work Study page.

SLCC has a microloan available to students who need help paying for books and other course materials at the beginning of each semester.

Student applying for an SLCC Course Materials Microloan must:

  • Be enrolled at least half-time (6 or more credit hours)
  • Owe nothing except current term tuition and fees
  • Demonstrate financial responsibility (i.e. no default, bankruptcy, unpaid school debt)
  • Authorize financial aid funds to pay non-institutional charges

If you would like to apply for a microloan, please contact us at 801-957-4410 or financialaid@slcc.edu