Financial aid consists of a multitude of sources. Financial aid can be free or require something from you in return. Grants and scholarships usually fall under the title of free or gift aid. Work-study and loans fall in the self-help category - requiring something in return - either work hours for the aid offered or repayment of funds loaned.
Scholarships may be an important resource in your search for assistance in paying for your education. Set aside time early in your college research to investigate and apply for other sources of financial assistance such as community, professional or fraternal organizations, employer and veterans benefits, and scholarship searches online.
A separate application is generally required for each scholarship for which you wish to apply. Check out the links on the Scolarship page.
Grants are based on financial need and do not have to be repaid. There is no merit requirement, except that students must maintain good academic standing according to the college’s policy. All the grants below are based on the FAFSA application.
Federal Pell Grant This grant may be used for tuition, fees, books, child care, transportation or other educational expenses. Awards currently range from $580/yr to $5730/yr. Grants for part-time students are pro-rated according to hours attending. Eligibility is determined by filing the FAFSA.
Federal Supplemental Educational Opportunity Grant (FSEOG) This grant is awarded by the Financial Aid Office to students with greatest need. Students must be Pell Grant eligible. Due to limited funds, it is awarded on a first-come, first-serve basis.
Ohio College Opportunity Grant (OCOG) This grant provides need-based tuition assistance to Ohio residents in an associate or bachelor degree or nursing diploma program attending an eligible institution. Eligible students must have an Expected Family Contribution (EFC) of 2190 or less with a maximum household income of $75,000. Eligibility is determined by filing the FAFSA.
Under work study programs, a student can work part-time to earn money for educational costs. Students are paid for the hours they work. Estimated earnings are determined by the Director of Financial Aid according to the student’s need and the availability of open positions. Earnings are considered part of the financial aid award, and should be used to pay tuition and fee charges if they are not covered by other aid.
Federal Work-Study Under this program, a student can work part-time to earn money for educational costs in a number of positions. Students are paid biweekly from federal funds allocated to the college. Estimated earnings are determined by the Director of Financial Aid according to the student’s need and available work opportunities. Earnings are considered part of the financial aid award, and should be used to pay tuition and fee charges if they are not covered by other aid.
Students may work off-campus in community service under the Federal Work-Study program. The national “America Reads” initiative encourages students to serve as reading skills tutors in the primary grades of local elementary schools. Other community service possibilities include day care, elementary math tutoring, adult literacy tutoring, or working with local relief agencies. Interested students should contact the Financial Aid Office prior to the start of the semester to allow time for individualized arrangements to be made.
Institutional Work Study Under this institutionally-funded program, a student can work part-time to earn money for educational costs. Funding for the program is determined on a year-to-year basis. Contact the Financial Aid Office to determine if jobs are available.
Veterans Education Benefits
Chatfield College is approved by the State Approving Agency for Veterans Training for the education and training of veterans. The Director of Financial Aid is the certifying official for veterans at Chatfield. We will help with the initial application for benefits and term-by-term enrollment certifications. In most cases, 45 to 60 days are needed to process the initial application. General information about Veterans educational benefits is available atwww.gibill.va.gov.
The educational benefits under the GI Bill, the Yellow Ribbon Program, and many other programs continue to change. Again, visit the GI Bill Web site for the latest information.
Post-9/11 GI Bill The Post-9/11 GI Bill is for individuals with at least 90 days of aggregate service on or after September 11, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill. The Post-9/11 GI Bill will become effective for training on or after August 1, 2009.
Montgomery GI Bill - Active Duty (MGIB-AD) The MGIB program provides up to 36 months of education benefits. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on-the-job training, and correspondence courses. Remedial, deficiency, and refresher courses may be approved under certain circumstances. Generally, benefits are payable for 10 years following your release from active duty. This program is also commonly known as Chapter 30.
Montgomery GI Bill - Selected Reserve (MGIB-SR) The MGIB-SR program may be available to you if you are a member of the Selected Reserve. The Selected Reserve includes the Army Reserve, Navy Reserve, Air Force Reserve, Marine Corps Reserve and Coast Guard Reserve, and the Army National Guard and the Air National Guard. This benefit may be used for degree and certificate programs, flight training, apprenticeship/on-the-job training, and correspondence courses. Remedial, deficiency, and refresher courses may be approved under certain circumstances.
Reserve Educational Assistance Program (REAP) REAP was established as a part of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005. It is a new Department of Defense education benefit program designed to provide educational assistance to members of the Reserve components called or ordered to active duty in response to a war or national emergency (contingency operation) as declared by the President or Congress. This new program makes certain reservists who were activated for at least 90 days after September 11, 2001 either eligible for education benefits or eligible for increased benefits.
Veterans Educational Assistance Program (VEAP) Section 901 is an Educational Assistance Test Program created by the Department of Defense Authorization Act of 1981 (Public Law 96-342) to encourage enlistment and reenlistment in the Armed Forces. Benefits are available to individuals who entered on active duty after September 30, 1980, and before October 1, 1981 (or before October 1, 1982, if entry was under a delayed enlistment contract signed between September 30, 1980, and October 1, 1981).
Survivors’ and Dependents’ Educational Assistance Program (DEA) DEA provides education and training opportunities to eligible dependents of veterans who are permanently and totally disabled due to a service-related condition, or who died while on active duty or as a result of a service-related condition. The program offers up to 45 months of education benefits. These benefits may be used for degree and certificate programs, apprenticeship, and on-the-job training. If you are a spouse, you may take a correspondence course. Remedial, deficiency, and refresher courses may be approved under certain circumstances.
Section 301 of Public Law 109-461 adds a new category to the definition of “eligible person” for DEA benefits. The new category includes the spouse or child of a person who:
VA determines has a service-connected permanent and total disability
At the time of VA's determination, is a member of the Armed Forces who is hospitalized or receiving outpatient medical care, services, or treatment
Is likely to be discharged or released from service for this service-connected disability.
Persons eligible under this new provision may be eligible for DEA benefits effective December 23, 2006, the effective date of the law.
For more information contact your local VA office.
Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and home mortgages. You cannot have loans cancelled because you didn’t like the education you received, didn’t get a job in your field of study, or because you’re having financial difficulty. Loans are legal obligations, so before you take out a student loan, think about the amount you’ll have to repay over the years.
These loans are education loans and are part of your total financial aid. Therefore they are subject to limitations related to your year in school and your costs of enrollment. The funds are credited to your account along with other types of aid.