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Federal Supplemental Educational Opportunity Grant (FSEOG) The campus -based policy defines the College's selection criteria and packaging philosophy for awarding campus -based funds consistently to all eligible students. One of the two campus -based programs is the FSEOG program. FSEOG minimum is $500 and maximum is $700. FSEOG funds are awarded to Federal Pell Grant eligible student on a first -come, first -serve basis. The first selection group of FSEOG funds are students with the lowest EFC (e.g., 0) and those who have completed, and submitted all document requirements. Once the lowest EFC cohort of students are satisfied, the second selection group of students with a higher EFC will be satisfied, and so on. The third selection group may include the lowest EFC who are not receiving PELL grant. A recipient who receives Federal Pell Grant at any time in the award year may be awarded FSEOG based on the availability of funds for the term cohort. A FSEOG recipient who was awarded but did not actually received the Pell grant due to a correction or change of EFC will be allowed to keep the award in good faith. Federal Work -Study The second of the two campus -based programs offered is Federal Work Study (FWS). Federal Work Study (FWS) is awarded to students on a first -come, first serve basis. The funds are awarded based on the availability of funds, students who demonstrate a financial need, and part-time work available. Students can earn money to help pay for their educational expenses. Pacific College coordinates community service involvement and work related to the program of study. For more information, contact the Financial Aid Office. Direct Subsidized Loans and Direct Unsubsidized Loans Loans are funds that students borrow from the federal government under the Direct Loan program and they must be repaid when students graduate or otherwise leave school. Generally, repayment begins six months after a student graduates, withdraws, or drops below half-time enrollment. Students are encouraged to borrow only what they need. Borrowers must complete Entrance Counseling online and Subsidized/Unsubsidized Master Promissory Note (MPN) prior to any direct loan disbursement: https://studentaid.gov/mpnn. Federal Student Loan Annual Limits The Financial Aid Office reviews and determine the types of aid a student is eligible to receive each academic year. However, there are limits on the amount in Direct Subsidized Loans and Direct Unsubsidized Loans a student may be eligible to receive each year (annual loan limits) and the total amounts that s/he may borrow (aggregate loan limits). The actual loan amount a student is eligible to receive each academic year maybe less than the annual loan limit. These limits vary depending on the grade level a student is in school and whether a student's status is dependent or independent. Notes: A dependent student whose parents are ineligible for a Direct Parent PLUS loan, may receive additional unsubsidized loan funds. The following chart shows the annual and aggregate limits for subsidized and unsubsidized loans. Pacific College 2022-2023 Catalog 23