Award Letter Key
˜˜ Please Read Carefully ˜˜
All awards listed in the award letter are based on full-time enrollment (12 or more units). If you are enrolled in less than 12 units, your awards will be adjusted. Example: if your Federal Pell Grant indicates $5550 for the award year, and you are enrolled in only 9 units (3/4 status), you will actually receive $4163 for the year (one year is Fall and/or Spring semesters).
During the Fall and/or Spring semester, if you change your enrollment status before the census date (see Academic Calendar at http://www.evc.edu/calendar/ for the date) , your award will be adjusted accordingly.
Late starting classes are not counted as part of enrollment status until they start. In order to receive financial aid for late starting classes, you must be registered for these classes before the census date (see Academic Calendar at http://www.evc.edu/calendar/ for the date) for the Fall semester.
Full Time = 12+ units; ¾ Time = 9 to 11.5 units; ½ Time = 6 to 8.5 units; less than ½ Time
Budget: The budget figure on your award letter is the estimated cost of attendance (COA) for our institution. A breakdown of all budget items is available in the Financial Aid Office.
EFC: (Expected Family Contribution) – This is the calculated amount a student (or family) is expected to contribute toward his/her cost of attendance. This amount is calculated from the information provided on the student’s financial aid application (FAFSA).
Need: This amount is determined by subtracting your EFC from the COA.
Total Award: This is the sum of the Financial Aid Program awards given to a student plus any resources for the whole school year (based on full-time enrollment).
Unmet Need: Unmet need = COA minus EFC, resources and financial aid awards. Most institutions are unable to meet all of the student’s need. Therefore, many students choose to work part-time outside of school to cover any expenses not met by financial aid.
Programs
Grants - Funds that normally do not have to be paid back
- FPELL - Federal Pell Grant - federal funds for undergraduate students.
- FSEOG - Federal Supplemental Educational Opportunity Grant - federal funds for undergraduate students with exceptional financial need.
- EOP&S Grant - Extended Opportunity Program and Services - state funds for academically and economically disadvantaged undergraduate students.
- CARE - Cooperative Agencies Resources for Education - a service from the EOP&S Program that provides child care assistance.
- CAL GRANT B or C - state funds for undergraduate students.
- EVC Fast Track – Student Support Services Grant – federally funded service from the Fast Track Program.
Other
- Federal Work Study – Federal funds earned by students with financial need. Students need to attend an orientation and complete additional documents before being placed on a job.
- Subsidized Direct Loan – Loan funds that must be repaid. Award based on request, eligibility, and need. The federal government pays the interest while the student is in school.
- Unsubsidized Direct Loan - Loan funds that must be repaid. Award based on request and eligibility. The federal government does not pay the interest while the student is in school.
- Resources – Resources include the estimated amount of your Board of Governor’s fee waiver, scholarships, books and supplies vouchers, etc. If the only resource you receive is the fee waiver, you will see $1008 as a resource on your award letter. Resources are not Financial Aid Checks.