Types of Financial Aid

Federal PELL Grant

This grant is for undergraduates only. Eligibility is based on need, family income, assets, the number in the family enrolled in college, and other factors. The PELL grant does not need to be paid back. Award amount is $605-$5645 per year.

Federal Supplemental Educational Opportunity Grant (SEOG)

This grant is based on need and does not need to be paid back. Funds are limited and awarded on a first come, first served basis to first time degree candidates. Priority is given to those students whose applications are received by June 1 for the Fall semester. Award amount is $300 per year.

Federal Work Study

Work study appointments are based on need. Funds are limited and awarded on a first come, first served basis. Priority is given to those students whose applications are received by June 1 for the Fall semester.

Federal Direct Student Loan

A low interest educational loan. Loans are based on unmet financial need. Repayment of this loan begins six months after the student leaves school.

  • Subsidized: Interest free until six month grace period ends.
  • Unsubsidized: Interest begins to accrue when the loan is disbursed.
  • Dependent Students: Loan amounts are $200-$6,500 per year based on grade level and eligibility (no more than $3,500 for freshman or $4,500 for sophomore can be subsidized).
  • Independent Students: Loan amounts are $200-$10,500 per year based on grade level and eligibility (no more than $3,500 for freshman or $4,500 for sophomore can be subsidized).

CCC students needing to access loan funds are required to apply for Federal Direct Loans before private loans will be certified as the terms and conditions of the Direct Loan program are more beneficial.

Direct Parent Plus Loan

This loan has a variable interest rate. Applications are available at www.studentloans.gov. Repayment of this loan begins 60 days from the receipt of the loan.

NYS Tuition Assistance Program (TAP)

A grant for New York State residents. Student must be enrolled full-time and meet all TAP guidelines.

NYS Aid for Part Time Study (APTS)

A grant for New York State residents. Students must be enrolled part-time and meet all APTS guidelines.