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Employment

Student Loan Programs

Other Sources of Aid

Federal Pell Grant. The Federal Pell Grant is an award made to undergraduate students to help pay for their education after high school. Federal Pell Grant awards range from $400 to $4050 a year based on financial need. The FAFSA must be completed and on record with the U. S. Department of Education, and an electronic Student Aid Report must be received by the college's Financial Aid Office before consideration can be made for this grant.

Federal Supplemental Educational Opportunity Grant (FSEOG). The Federal SEOG is an award to help undergraduate students who demonstrate exceptional financial need. Priority is given to Federal Pell Grant recipients. Application is made by completingthe FAFSA.

North Carolina Community College Grant. This is a need-based grant established by the NC Legislature to provide funds to help meet the education costs of North Carolina residents attending community colleges. Applicants must complete the FAFSA by the published deadline. Applicants must be North Carolina residents and enroll for at least half time (minimum of six credit hours) in an eligible curriculum program.

North Carolina Student Incentive Grant Program (NCSIG). To receive this grant, students must be North Carolina residents and show substantial financial need. Recipients cannot have a baccalaureate degree and must be enrolled full time at an approved North Carolina institution, such as Southeastern Community College. Application is made directly by the completion of the FAFSA. Awards range from $200 to $1500 per year.

SCC Foundation Grant. Through the non-profit SCC Foundation, Inc., this grant provides assistance to both full- and part-time students having financial needs that cannot be met by other sources of financial aid. Awards vary, depending on need and available funds. A separate application is required.

Federal College Work-Study Program (FCWS). This federally funded program provides on-campus work opportunities for students with limited financial resources. Students are paid an hourly wage. An effort is made to assign students to jobs related to their major field of study or to utilize their specific skills and interests. 

Student Loan Programs

Institutional Loans. The donors of these funds wish to assist students who need loans to continue their education and who demonstrate the intention and general ability to successfully complete their programs of study. Students must be accepted for admission before applications may be considered. The loan programs include Bailey Loans, Leder Loans, and Ward Loans. The terms of these loans are very generous. Interested persons should ask SCC's Financial Aid Office for further information.

Emergency Loans. These are short-term loans for students who need small amounts of money for school-related emergencies. The loans must be repaid in thirty days.

Heflin Loan. The Heflin Loan is for second-year nursing students with a 2.5 GPA who are not eligible for other federal or campus-based aid.

Federal Family Education Loan Programs (FFELP)

Subsidized Federal Stafford Loan. These federally funded loans are made to students who are attending college at least half time and who demonstrate financial need. The amount students may borrow depends upon their financial need and established federal maximums. The interest rate is variable, with a cap of 8.25 percent. Repayment begins six months after students leave college or drop to less than half-time enrollment. A loan application, in addition to the FAFSA, is required.

Unsubsidized Federal Stafford Loan. These loans are very similar to the subsidized Federal Stafford Loans. However, they are for students who do not demonstrate financial need for the subsidized loan. Borrowers of the unsubsidized loan are responsible for paying the interest on the loan throughout the enrollment period and the grace period. If students are unable to pay the interest during enrollment, they may request that the interest be capitalized (added to the loan principal). A separate loan application, in addition to the FAFSA, is required.

Parents' Loan for Undergraduate Students (PLUS). No financial need must be demonstrated for this loan to parents for a dependent's educational expenses. Made through banks and credit unions, PLUS loans have a variable interest rate with a cap of 10 percent. Repayment begins 60 days after disbursement. A separate loan application, in addition to the FAFSA, is required.

Federal Nursing Loan Program. This program allows Associate Degree Nursing students to borrow up to $2500 per academic year at an interest rate of 5 percent. Repayment, which begins after students end their studies or cease to be enrolled at least half time in the nursing curriculum, is over a ten-year period.

State Loans

Nurse Scholars and Nurse Education Scholarship Loan Programs. These scholarship programs allow Associate Degree and Licensed Practical Nursing students to borrow money for college and repay it through full-time employment as nurses in North Carolina.