Innovations in Financial Aid

Success is what counts. 2 Aid Like A Paycheck Overview Core Feature  Bi-weekly disbursement of financial aid Aid Like a Paycheck vs. Regular Disbursement Term Payment Point 1 st week of term - credit / disbursement for books & supplies 2 nd week 4 th week 6 th week 8 th week 10 th week 12 th week 14 th week 16 th week Total Standard Disbursemen t (Example A) $400-- $2,375-- $2,775 * Standard Disbursemen t (Example B) $1,388-- $1,387-- $2,775 * Aid Like A Paycheck $400$297 $296 $2,775 *

Innovations in Financial Aid

Success is what counts. 4

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Holistically Serving Low- Income Students

Success is what counts. 9 CategoryMay Request Students admitted to one of the programs below. Students receiving sponsorships are not eligible for Direct Unsubsidized Loans: A.S. – Nursing A.S. – Dental Hygiene Dependent Students: Up to $2000 in unsubsidized loan Independent Students: Up to $4000 in unsubsidized loan Students admitted to A.S. – Professional Pilot Technology Dependent Students: First year student: $5,500 minus subsidized loan eligibility Second year student: $6,500 minus subsidized loan eligibility Independent Students: First year student: $9,500 minus subsidized loan eligibility Second year student: $10,500 minus subsidized loan eligibility Out of state students paying non-resident tuition Dependent Students: First year student: $5,500 minus subsidized loan eligibility Second year student: $6,500 minus subsidized loan eligibility Third or subsequent year (Bachelor degree): $7,500 minus subsidized eligibility Independent Students: First year student: $9,500 minus subsidized loan eligibility Second year student: $10,500 minus subsidized loan eligibility Third or subsequent year (Bachelor degree): $12,500 minus subsidized eligibility Students with no Federal or State aid, including Direct Subsidized Loans First year student: $3,500 Second year student: $4,500 Bachelor’s degree student: $5,500 Students whose total financial aid award, including Direct Subsidized Loans is less than $5,500 $5,500 minus other financial aid and subsidized loan eligibility BROWARD COLLEGE FEDERAL LOAN EXPERIMENT DL Unsubsidized Loan Eligibility