Itawamba Community College believes that no qualified student should be denied an education because of financial need. Therefore, through a program of scholarships, grants, loans and campus employment, Itawamba Community College provides a comprehensive plan to assist students who establish a definite need.
All applicants for student aid of any type must meet admission standards at Itawamba Community College.
Priority Deadline
The official financial aid award year begins in August; therefore, students are encouraged to begin their application process as soon as possible, preferably January, February or March.
See http://studentaid.gov for the latest Federal Student Aid programs information.
All Federally-funded aid requires the completion of the Free Application for Federal Student Aid (FAFSA). Student Aid Index (SAI) is determined from the FAFSA. Cost of attendance is calculated by totaling estimated fees, tuition, books and supplies and living expenses based on whether a student lives on campus, with parents or off campus. Unmet need is calculated by subtracting the SAI and aid awarded from the Cost of Attendance. (Cost of Attendance-SAI-Aid=Unmet need).
Federal Pell Grant
The Federal Pell Grant is a need-based grant for eligible undergraduate students and generally does not have to be repaid. Students apply by completing the FAFSA.
Pell Grant eligibility is determined using information reported on the FAFSA. A student may qualify for a Maximum Pell Grant, or Calculated Pell Grant based on federal eligibility requirements.
The actual amount a student may receive depends on several factors, including Pell Grant eligibility, enrollment intensity, cost of attendance, and remaining Lifetime Eligibility Used (LEU). For standard-term programs, 12 or more credit hours is 100% enrollment intensity. Enrollment in fewer than 12 credit hours generally results in a proportionately reduced Pell Grant payment.
Students may receive the Federal Pell Grant for no more than the equivalent of six years of full-time enrollment (600% Lifetime Eligibility Used).
Financial Need = Cost of Attendance - Student Aid Index - Other Financial Assistance
The Cost of Attendance is an estimate of educational expenses and is not necessarily the amount a student will owe ICC. The Student Aid Index (SAI) is calculated from FAFSA information and is used to determine eligibility for certain types of financial aid. The SAI is not a bill or the amount a student or family is expected to pay ICC.
Special Circumstances
According to federal laws and regulations, a family’s income from the prior-prior year is used to determine financial need for the current school year. If a family’s current income is lower than their income from the prior-prior year due to special circumstances, a Financial Aid Administrator may be able to use professional judgment to reflect those circumstances within your FAFSA. We will consider appeals for employment loss, death or disability, divorce or separation and one-time income. Your financial aid eligibility will be re-evaluated for a possible adjustment once the completed Special Circumstances form has been submitted to the Financial Aid office, and all documentation requirements have been met.
Federal Supplemental Education Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) is a need-based grant for undergraduate students with exceptional financial need. Funding is limited, and eligibility does not guarantee an award.
In accordance with federal requirements, ICC gives first priority to eligible Federal Pell Grant recipients with the lowest Student Aid Index (SAI). Within this priority group, ICC initially considers students residing in College housing who have an SAI of -1500 and a remaining eligible student-account balance after the Pell Grant has been awarded.
After this initial group is considered, ICC continues awarding other eligible Pell Grant recipients, beginning with an SAI of -1500 and proceeding through progressively higher negative SAIs towards zero. Students with an SAI greater than zero may be considered if FSEOG funds remain available.
Awards are made on a first-come, first-served basis within the applicable priority group and are subject to the student's remaining financial need, cost of attendance, applicable FSEOG award limits, and availability of funds.
Federal Work-Study
A need-based program. 75 percent federally funded and 25 percent institutionally funded. Students are generally prioritized on a first-come, first-served basis. Priority deadline is April 30. Students who were previously awarded work study and requested by faculty and staff will also be given priority. Students must complete the FAFSA and the ICC work study application indicating that they want to be considered for FWS. The student application process must be complete, including verification, before an award is made. ICC has a limited amount of Federal funds. Students with an unmet need are generally awarded Federal work study. A limited amount of institutional work study funds are available to students without unmet need. Students do not have to be full-time and may be independent or dependent.
Federal Direct Loan Program
Students must complete the FAFSA before being awarded a student loan. Once a student sends in all needed documentation, the student is awarded. See http://www.studentaid.gov for loan terms and sample repayment schedule. Reminder: Students must be enrolled in at least six hours to receive loan funds.
Parent PLUS Direct Loan Program
Parents must apply for the Parent PLUS Direct Loan online at http://www.studentaid.gov. ICC Financial Aid will certify the loans. Parents can borrow up to the cost of attendance minus other financial aid and resources. PLUS loans must be repaid. Reminder: Students must be enrolled in at least six hours to receive loan funds.
http://www.msfinancialaid.org
For more information and applications for State Programs, contact Mississippi Student Financial Aid, 3825 Ridgewood Road, Jackson, MS 39211-6453, call 1.800.327.2980, or visit Mississippi's Institutions of Higher Learning website http://www.msfinancialaid.org.
The County Guaranteed Tuition Program is coordinated with Federal and State aid, scholarship funds, and any other aid, to ensure that your tuition will be paid for four consecutive regular academic semesters. Your participation in this program is contingent upon your compliance with a few requirements and the availability of program funds. This does not include summer semester. The fund pays up to tuition after all other student aid is applied for and awarded.
County Guaranteed Tuition Program Information Flyer
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(Available from January 1 to September 15)
ICC is a Yellow Ribbon School proudly serving America's Veterans, Service Members and dependents. Information on Veterans Benefits and Mississippi National Guard can be found on our website or by calling 1.888.GIBILL1.
There are many scholarships for which the student may apply. Complete the scholarship applications found on our website. Eligibility criteria and award amounts can be found on our website.
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