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Financial Aid

Changes to Financial Aid for 2014-15 Academic Year

Financial aid eligibility requirements

  • High School Diploma or GED: Students who do not have a high school diploma, or an equivalent such as a GED, and who did not complete secondary school in a home school setting, are not eligible for financial aid.
  • Ability-to-benefit: Students can no longer become eligible by passing "ability-to-benefit" test or by completing six credit hours of college work toward a degree or certificate.
  • Prior ability-to-benefit: Students who were enrolled in an eligible educational program of study under the ability-to-benefit test, before July 1, 2015, should contact the Financial Aid Office to determine eligibility.

Federal Pell Grant

  • Lifetime Pell Eligibility Changes: The new regulations reduce the number of semesters a student is eligible to receive a federal Pell Grant. The change is from 18 full-time semesters (or its equivalent) to 12 full-time semesters (or its equivalent).
  • Expected Family Contributions (EFC) Changes: Students with an EFC of 5157 or higher will not be eligible for a Pell Grant for the 2014-15 academic year.

Federal Direct Loans

  • Additional fees. The origination fees for Federal Direct Loans is 1%. These funds will reduce the amount disbursed to JC. The fees for Federal Direct PLUS loans is 4%.
  • Interest Rates: The interest rate for subsidized and unsubsidized loans is 6.8%
  • Entering repayment on the loan: The interest subsidy offered during the six-month grace period on subsidized loans will be eliminated for new loans made between July 1, 2012 and July 1, 2014. Loan repayment will still begin six months after you are no longer enrolled at least half-time, but interest that accrues during those six months will no longer be subsidized by the federal government. The student will be responsible for the interest during the grace period.


  • Documentation needed: If you are selected for verification of your FAFSA, we can no longer accept copies of federal 1040 tax returns. You must either use the IRS Data Retrieval Tool via FAFSA on the Web, or request IRS Tax Return Transcripts and submit it to our office with your other verification documents.

Other Recent Changes

Satisfactory Academic Progress (SAP): This is now being reviewed after each semester. You must be meeting SAP standards or you will lose financial aid eligibility. The Financial Aid Office will process SAP in a timely manner. Due to timing of grades reported, your SAP status may not be determined until after the start of the next semester.

Financial Aid for Repeated Courses: A student may receive aid to repeat a previously passed course (0.5- 4.0) one additional time. Once a student has completed any course twice with a passing grade (0.5-4.0), he/she is no longer eligible to receive aid for that course.