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Types of Aid
What is Available?

Priority deadline for Fall is April 1.  Priority deadline for Spring is November 1.


Scholarships


Collin College Foundation scholarship application forms are available at the Collin College Foundation website. You may also contact the Collin College Foundation Office at 972-599-3145 for applications or more information.

Additional information may be found on the Scholarships page.

Grants

Grants are gift-aid awards. This means that, generally speaking, students do NOT have to pay these back.  Federal and state awards are made to eligible students who document need, which is the difference between the student's cost of education (see Cost of Education table) and the Expected Family Contribution (EFC).  

  • Federal Pell Grant (Federal Pell)  Awards range from $595 to $5,730 based on student eligibility, EFC and award year. In most cases, students who have a bachelor's degree are not eligible for Federal Pell.   In some cases, however, a student enrolled in a post baccalaureate teacher certification program might receive a Federal Pell Grant.  (Collin does not offer any of these programs.)

    Pell is initially awarded for full-time enrollment based on the student's EFC and using the federal government's Pell chart for the particular award year.  The award is adjusted (usually reduced) to reflect actual enrollment on the census date each semester. (See the section on census date for more information.)

    In addition, Pell eligible students with high EFC's are often only eligible for Pell if enrolled in 12 or more hours.  This means that a student could initially see an award of Pell based on their EFC and full time hours (see above), but then on census, see the Pell change to $0 because they are only enrolled in six credit hours and their particular EFC does not pay out for six credit hours.   (The Department of Education has provided a Pell Chart we are required to use in determining Pell Eligibility.)

    In these cases, the student would owe any balance of tuition and/or fees initially "covered" by the Pell award (since again, the initial award was based on full-time enrollment.)

    Note:  The maximum amount of Pell grant funds a student may receive over their lifetime is limited by a new federal law and is equivalent to six years of full time Pell grant funding. Since the maximum amount you can receive each year is equal to 100%, the six year equivalent is 600%.

    To read more about the maximum Pell eligibility, click here.

  • Federal Supplemental Educational Opportunity Grant (FSEOG)  Awards begin at $100 per award year based on Federal Pell eligibility and exceptional financial need.  Students who have a bachelor's degree are not eligible for the FSEOG. Awards are reduced for enrollment less than twelve credit hours.

  • Texas Public Education Grant (TPEG)  Awards based on student eligibility and residency.  Awards are reduced for enrollment less than twelve credit hours.

  • TEXAS Grant Program (TGP)  Renewal awards are $2700 per award year for full time or three-quarter time enrollment only (not prorated) and is based on student eligibility and residency.

  • TEXAS Education Opportunity Grant  (TEOG)  Initial and Renewal awards are $2700 per award year for full time enrollment and are  prorated for enrollment between half time and full time. (6-8 hrs = 50%; 9-11 hrs = 75%; 12 or more hrs = 100%). Awards are also based on student eligibility and residency.

Federal Work-Study

This program is a work obligation award and requires eligible students to document need (the difference between the student's cost of education and the Expected Family Contribution). Students are only paid for hours worked.

Program awards generally range from $2,100 to $5,900 per academic year based on student eligibility. For placement opportunities, the student can search Collin's job openings for positions listed as Federal Work Study.  If interested, students can submit an application for employment for that position. The work-study student is allowed to work a maximum of twenty hours per week at the rate of $9.88 per hour.

Program availability is contingent upon funding.

Texas Work-Study

Beginning in the 2014-2015 year, Collin College WILL participate in the Texas Work-Study program. Stayed tuned for more information.

William D Ford Direct Loan Program

These are low-interest federal loans offered to students and parents.  Students are required to pay back loan money, usually after graduating or falling below 6 hours enrollment. 

  • Need-based loans require eligible students to document need (the difference between the student's cost of education and the EFC).

  • Non-need based loans are available to otherwise eligible students or the parents of eligible students.
  • Federal student loan interest rates are set annually by the Federal Government.
  • Students must be enrolled and attending at least half time (six credit hours) to be eligible for any student loan program.


*For more information, such as the types of student loans, interest rates, repayment responsibilities, entrance and exit counseling, consolidation, loan services and rights and responsibilities as a student and of the school, see www.studentloans.gov

**In addition, all loans; subsidized, unsubsidized and parent PLUS loans awarded through Collin College will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders and schools determined to be authorized users of the data system.

Subsidized Federal Direct Loans

Need-based loans available upon request to eligible undergraduates.

Unsubsidized Federal  Direct Loans

Non-need-based loans available upon request to eligible undergraduates who do not qualify, in whole or in part, for the Federal Subsidized Loan. The interest begins accruing on the day of disbursement at a variable interest rate for the first-time borrower. The student is responsible for interest accruing while he/she is in school attending a minimum of six credit hours.

Federal Direct Parent Loans for Undergraduate Students (PLUS)

Available upon request to the parents for the educational expenses of their undergraduate dependent student. This loan does not require an evaluation of income to determine eligibility. The parent may borrow up to the annual cost of the student's school defined educational expenses less any student aid or resources awarded the student. The interest begins accruing on the date of disbursement at a variable interest rate for the first-time borrower.

Parents can apply for a PLUS loan at www.studentloans.gov.   (The student MUST inform us that their parent has applied because we are not notified.)  Once the information is downloaded from the student loans web site, and providing the student meets any other eligibility requirements, the PLUS loan will be "awarded" and the student will be notified that the parent should go back to the studentloans.gov web site and complete entrance counseling as well as the Master Promissory Note.