Financial Aid Summary

Grants are awarded to students on the basis of calculated financial need and normally do not need to be repaid. The following grants are based upon the student's and/or family's financial situation, undergraduate status, and U.S. citizenship or permanent residency. The student must be pursuing a degree or certificate in order to receive federal assistance.

Pell Grant

Federal grants are awarded to students based on their expected family contribution, which is calculated from the FAFSA.

Federal Supplemental Educational Opportunity Grant (SEOG)

Federal grant available to students who are Pell eligible and have exceptional need.

Texas Public Education Grant (TPEG)

Institutional grant available to students with demonstrated need.

Texas Grant

State grant available to Texas High School Graduates who are Texas residents and have demonstrated need. Award amounts are equal to the amount of tuition and mandatory fees as long as cost of education is not exceeded.. Students must be enrolled in at least 9 hours; must have graduated no earlier than fall 1998; completed the advanced or recommended high school curriculum. Initial award must be made within 16 months of high school graduation.

To be considered for Financial Aid the following general eligibility must be met:

• Admitted and enrolled in a degree or certificate program.
• Admissions must have a copy of your high school transcript, GED,Wonderlic Scores and/or college transcript(s) before your Financial Aid will be disbursed .
• Enrolled in at least 6 hours for most Financial Aid programs.
• Maintain Satisfactory Academic Progress.
• Be either a U.S. citizen or eligible non-citizen.
• Registered with Selective Service if you are male.
• Not owe a refund on a Federal grant or be in default on a Federal educational loan.
• Approximately 2-4 weeks after we receive your fafsa application results (ISIR) and in-house application, the Office of Financial Aid will send you an award letter detailing your eligibility for Federal, State and GCC aid. You may also access your registration, account status and financial aid information using Campus Connect. You may access Campus Connect through GCC's website at www.grayson.edu  .
• To ensure availability to charge tuition, fees, books and housing for regular registration, all of the above items must be completed and award letter signed and accepted in the Office of Financial Aid by June 1, for Fall, - October 1, for Spring and April 1, for Summer.
• GCC students must maintain a 2.0 cumulative grade point average and may receive aid for only the first 97 hours of attempted college credit. In addition, you may only receive aid for the first 30 developmental hours taken.
• Students enrolled solely in developmental hours are not eligible for Title IV Funds.
• Students who withdraw from school or make all "F's" during a semester may be required to repay a portion of the unearned Title IV assistance.
• Students may access all of the Financial Aid forms required for completion of the FAFSA process for GCC on our website at www.grayson.edu
• We encourage students to maintain a current e-mail address to expedite correspondence relating to your financial aid and/or scholarship.

Grants and Attendance information, will you owe money back?

• Students who receive benefit of Academic Fresh Start at GCC: All attempted hours excluding developmental classes will be counted toward the 150% maximum for those students who apply and receive approval for Fresh Start from GCC's Registrar's office. Students are responsible for notifying the Office of Financial Aid that Fresh Start has been approved. Failure to notify the Office of Financial Aid may result in an overpayment of Title IV assistance for which they were not entitled. Repayment is student's responsibility.
• Repeated Courses and Courses Dropped before the official census date. Credits that have been retaken will be considered toward the 150% maximum. Classes that are dropped before the institution's official census date will not count toward the 150% maximum nor will they be considered as a part of the required completion of courses enrolled for the given semester.
• Student's who withdraw completely from their classes or receive all F's and/or a combination of F's or I's. Federal regulations require the institution to calculate a Return to Title IV (R2T4) for all students who are within this category. Students will be notified by mail of the amount of unearned aid that must be returned to either GCC and/or the Department of Education. A student has the ability to request their instructor(s) to provide the last date of attendance to the Director of Financial Aid. On receipt of the last date of attendance from the instructor the R2T4 will be recalculated. Students will not be able to receive an official transcript nor additional Title IV assistance until this is paid in full. Any student who is within this category and has enrolled early for the following semester will be purged from their classes. Once the R2T4 has been paid in full or payment arrangements have been made the student may enroll during the regular registration period.