CENTRAL LAKES COLLEGE | Support Services | Brainerd Minnesota and Staples MN

Types of Financial Aid

The following table is a list of the different aid programs available at CLC. As you can see there is quite a variety of federal, state and local sources. An award letter informs a student of the aid package he/she is eligible for. Click here to see your award on-line. For purposes of financial aid, the following definitions will determine enrollment status:

Full time student - one who is enrolled for 12 or more credits. (For Minnesota State Grant and Post-Secondary Child care purposes, full time is 15 or more credits!)
Summer aid is based on the same full time credits as above.
Three quarter (3/4) time student - one who is enrolled for 9-11 credits.
Half (1/2) time student - one who is enrolled for 6-8 credits.
Less than half time student - one who is enrolled for less than 6 credits

Financial Aid Program	Type of Aid	Amounts	Comments
Gift Aid
Federal Pell Grant	Federal Grant need based	$400-$4310	Enrollment requirement is 1 credit or more
Federal Supplemental Educational Opportunity Grant (FSEOG)	Federal Grant High Need administered by college	$200-$800	Priority deadline-June 1st limited amount of funds
Minnesota State Grant Deadline Date	State Grant Need based	Minimum of $300	Deadline: FAFSA needs to be at FAFSA Processor by the 30th calendar day of the semester to be eligible. Minnesota resident, for students attending 3 credits or more at a MN college
Minnesota Post-Secondary Child Care Grant	Child care assistance	2007-08 Maximum $2,600 per child per year (limited funds)	Must meet Minnesota State grant eligibility, not be receiving MFIP have a complete financial aid file and enrolled for at least six credits per semester. Income and family size guidelines Application On-line
CLC Foundation Scholarship	Scholarships	$100-$1,500	Separate application is required.
Alliss Grant (Liberal Arts and Sciences)	Waiver of tuition for up to one 5 credit class and book	Variable, fees are not paid	Out of school for 7 years Separate application required when registering Offered one time only
CLC Foundation Start-up Scholarship	Waiver of tuition and fees of the first course taken up to 3 credits	very limited funding	Out of school 5 years have to meet income guidelines technical education class Check in financial aid office for application
Outside Scholarships	Scholarships	variable	Check with the CLC Foundation Office or call (218)855-8135
Employment
Federal Student Employment	Part-time job, Need based	Up to $2400 (Approximately 10 hours per week) Awarded to all students with need. Priority Deadline	Priority deadline date is June 1st of each year. All workers must complete an authorization before timesheets can be processed. Limited funding/positions available. Earning your full work award can not be guaranteed. Contact Financial Aid Office.
Minnesota State Student Employment	Part-time job, Need based
Institutional Student Employment	Part-time job, Non-need based, Supervisor recommendation
Loans
Perkins Loan	Federal Loan Need based 5% interest, 9 month grace period	Up to $2400	Priority deadline-June 1st Click Perkins to find out how to apply
Stafford Loan - Dependent (Subsidized & Unsubsidized	Federal Loan Variable Interest 6 months grace period after graduation, withdrawal or less than half-time enrollment Subsidized-need based Unsubsidized-non-need based	Grade Level 1 up to $2625/year Grade Level 2 up to $3500/year	Eligibility will be shown on a students award letter. Loan has to be certified before the last day of the last enrolled semester. First time borrowers at CLC have to complete loan entrance counseling before a loan application will be certified by the college. (See "Stafford Loans On-Line"). All borrowers must also complete Stafford exit counseling.
Stafford Loan - Independent (Subsidized and Unsubsidized)		Grade Level 1 up to $6625/yr Grade Level 2 up to $7500/year
PLUS Loan	For parents of dependent students, Federal loan, Non-need based, Variable interest, Payment begin in 60 days	Variable	For more information and the on-line process click on PLUS
SELF Loan	Need co-signer, State loan, Non-need based, Variable interest	Up to $7500/year	Click on SELF loan to find out more about applying.
Alternative Loans			Central Lakes College does not take part in these programs.
Other
Minnesota GI Bill	established in 2007, provides assistance to eligible Minnesota veterans	Full-time undergrad may be eligible for up to $1,000 per semester, part-time up to $500 per semester	Apply online
MN Indian Scholarship Program	Assistance for students of American Indian heritage	Variable	Tribal enrollment required Separate application through Indian Service
American Indian College Fund	scholarships for American Indian students attending selected mainstream four-year colleges and universities.	Variable	awards are generally based upon merit and demonstrated financial need. Scholarship department (800) 776-3863
Federal Bureau of Indian Affairs		Variable
Veterans Benefits	Assistance for Veterans	Variable	Contact Registration Office at CLC
DRS	Assistance for students with disabilities	Variable	Contact you local DRS agency
WIA (WorkForce Investment Act)	covers fixed amount of tuition and occasionally books	Variable	Must have eligibility for program services. Click on link to find local offices of the MN WorkForce Centers.