Los Angeles Pacific College

Financial Aid

Los Angeles Pacific College is approved by the United States Department of Education to offer eligible students financial assistance.

Financial Aid is a source of monetary support consisting of grants, scholarships and agency sponsorship for qualified individuals Most of financial aid is intended to supplement, not replace the family’s contribution. The Free Application for Federal Student Aid (FAFSA) is available online at www.fafsa.gov. Students may make an appointment with Student Services for assistance with completing the financial aid package. Please keep in mind, not all students will be eligible. The United States Department of Education Title IV Federal Financial Aid Programs award students financial assistance on the basis of financial need to those individuals who qualify.

Types of Financial Aid

The Federal Pell grant provides financial aid to eligible students for tuition, book/materials and registration fees. Students must have a high school diploma or equivalent and have not earned a bachelor’s, graduate, or professional degree.

The FSEOG is awarded depending on financial need. Each
school receives a limited amount of FSEOG funding and is
awarded based on qualifications and availability. Students are
recommended to apply as early as possible.

Federal Work Study provides part-time jobs for undergraduate students with financial need, allowing students to earn money to help pay education expenses. LAPC does not offer oncampus work study employment; however, your employer will usually be a private nonprofit organization or a public agency and work performed must be in the public interest. These jobs must be relevant to your course of study; there may be further restrictions on the types of jobs you can be assigned.

Subsidized and unsubsidized loans are federal loans for eligible students to help cover the cost of your education. These loans are sometimes referred to as Stafford Loans or Direct Stafford Loans.

The Department of Education makes these loans to eligible parents through the Direct Loan Program. To be eligible, the student must have an adverse credit history, in addition to other requirements.

VA education benefits help Veterans, Service members and their qualified family members with needs like paying for college. To explore options to pay for school or training, and to see eligibility for GI Bill or other VA education benefits, go to www.va.gov/education/eligibility.

FINANCIAL AID PROCEDURES

FINANCIAL AID PROCESS

Upon completion and acceptance of the admission procedures, the student starts the financial aid process. The student completes the financial aid application to determine

eligibility for financial aid with the assistance of a Financial Aid Officer. Students must provide proper documentation and income information. Without providing required

documentation, financial aid may be denied.

Financial Aid Eligibility

To be eligible for United States Department of Education Title IV Federal Financial Aid, the student must demonstrate financial need, be a United States citizen or an eligible noncitizen, and provide a valid Social Security card.

As supporting documentation for an eligible non-citizen, one or more of the following documentations may be required:

  • Alien Registration Card (Greencard)
  • I-94 with Refugee, Asylum or Parolee Status
  • I-551 Stamped Passport

Students also must be enrolled as a regular student in an eligible Degree program, sign a statement regarding Selective Service registration status, if applicable, attend classes regularly and meet Satisfactory Academic Progress.

All students are required to submit:

  • Social Security Card
  • Proof of Citizenship or Eligible Non-citizen Status
  • Driver’s License or California ID Card

For students whose first language is not English, they must pass the admission requirements to be in this program. The English as a Second Language (ESL) is an avocational program and is not part of the Federal Financial Aid program.

Financial Aid Application

To apply for the Financial Aid program, students submit their income and other required documentation by completing a Free Application for Federal Student Aid (FAFSA) at

www.fafsa.gov. The student signs the application with the parent, when applicable, and LAPC submits the application to the Federal Central Processor for processing. LAPC receives an Institutional Student Information Record (ISIR) electronically.

OTHER FINANCIAL AID INFORMATION

Eligible Programs

At this time, LAPC is approved for participation in the Title IV Federal Student Aid program for the Associate of Occupational Studies (AOS) in Accounting and the Certificate of Computerized Accounting (CAC).

Repayment of the Loan

Students who obtain a loan to pay for an educational program will have the responsibility to repay the full amount of a loan plus interest, less the amount of any refund, and if the student has received federal student financial aid funds, the student is entitled to a refund of the moneys not paid from federal student financial aid program funds.

All students are required to submit:

Academic Year

LAPC uses Semester Credit Hours to define and measure a student’s academic course level, progress and program length. Students participating in financial aid must enroll for a minimum of 24 Semester Credit Hours within a minimum of 30 instructional weeks. For financial aid awarding purposes, each Academic Year consists of two Payment Periods. Each Payment Period is defined to be a minimum of 12 Semester Credit Hours and 15 weeks of instruction.

Payment Schedules

Payment schedules for Title IV recipients vary depending on start date and class schedule. Disbursement of funds follow the United States Department of Education regulations; each payment period is a minimum of 15 weeks. Disbursement is based on qualifications. Funds are disbursed by the Financial Aid Office once the student completes a minimum of 15 weeks, earns a minimum of 12 financial aid semester credits and meets the Satisfactory Academic Progress requirements as published in this catalog. For more information, please contact Student Services who will make an appointment with a Financial Aid Officer.

Attendance Requirements

For the purpose of financial aid second disbursement for Title IV recipients enrolled in the Associate of Occupational Studies in Accounting (AOS), the student must attend a minimum of 90% of the clock hours of the first payment period.

Conversion of Clock Hours to Semester Credit for Academic and Financial Aid Purposes

LAPC uses Semester Credit Hours to determine awards for its programs. LAPC applies the United States Department of Education rules and regulations to convert the clock hours to credit hours for academic and Financial Aid purposes. This policy is required to factor in a weighted criterion for the student’s homework outside the classroom to be part of the final grade for the course.

Definition of Academic and Financial Aid Semester Credit Hours

One Semester Credit Hour is equivalent to a minimum of 15 Clock Hours of lecture, a minimum of 30 Clock Hours of laboratory work. A Clock Hour is defined as a 50-minute

classroom period with a 10-minute break. The final grade for the course partly includes a weighed criterion for student homework outside the classroom. One Financial Aid Semester Credit Hour is equivalent to one Academic Semester Credit Hour. LAPC does not include externship hours in any of the programs.

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