Federal Financial Aid

Students who meet all eligibility requirements for financial aid will normally e awarded a financial aid package that combines funds from one or more of the following:
 

Federal Pell Grants

The grant ranges from $400 - $5,500 for the 2012-2013 academic year, depending on the computed Expected Family Contribution (EFC) from the Free Application for Federal Student Aid (FAFSA).  These awards are prorated, depending on the actual enrollment level of the student per semester, who has not yet earned a bachelor’s degree.
 

Federal Supplemental Education Opportunity Grant (FSEOG)

This program provides awards of $200 - $4,000 per academic year.  Priority for these awards is given to Federal Pell Grant recipients with the lowest Expected Family Contribution (EFC) determined by the Free Application for Federal Student Aid (FAFSA). The award amount is dependent on annual availability of funds and other resources that make up an individual award package.
 

Federal Work Study

This program is a federally funded work program used to promote par-time employment on campus at $7.00/hr or in community service jobs at $7.50/hr.  Employment opportunities are offered to the students enrolled at least half time (minimum of 6 credit hours), maintain a 2.0 GPA and who demonstrate financial need.  Positions are limited and the number of hours a week a student can work varies.  Students may earn up to their maximum annual award amount as determined by the Free Application for Federal Student Aid (FAFSA).  All jobs placement is handled through the Financial Aid Office.
 

William D. Ford Federal Direct Loan Program

A Federal Direct Subsidized Loan is made by the Department of Education to students enrolled at least half time (six (6) credit hours at FTCC) whom demonstrate financial need.  Financial need is determined based on the information the student submits on their Federal Application for Student Aid (FAFSA) application.  Students may borrow up to $3,500 per academic year as a freshman (less than 31 credit hours earned) and $4,500 per academic year as a sophomore (31 or more credit hours earned).  The federal government pays the interest while the student is in school at least half time, during the six-month grace period and during all deferment periods for the Federal Direct Subsidized Loan.  If a student requests a Federal Direct Subsidized Loan, based on financial need and academic eligibility, the Financial Aid Office will award the maximum amount authorized.  Students may decline either part or the entire award amount if so desired. 
 

A Federal Direct Unsubsidized Loan is a low interest loan made by the Department of Education which allows students to borrow who are not eligible or have reduced eligibility for a Federal Direct Subsidized Loan.  The maximum amount a student may borrow is the same as the Federal Direct Subsidized Loan.  Independent students may borrow up to an additional $6,000 per academic year, depending on eligibility.  Dependent students may borrow up to an additional $2,000 per academic year, depending on eligibility.  The interest rate for both loans is the same; however, the federal government DOES NOT pay the interest for the student receiving an Unsubsidized Loan.  This means the student is responsible for paying the interest during all school semesters, during the six-month grace period, and during all deferment periods for the Federal Direct Unsubsidized Loan.  The Financial Aid Office will award the maximum amount authorized.  Students may decline either part or the entire award amount if so desired. 
 

Federal Direct Parent Loans for Undergraduate Students are government loans made to parents of dependent students who do not have an adverse credit history. Maximum loan amounts cannot exceed the Cost of Attendance (COA) minus other financial aid. The interest rate on the Federal Direct Parent Loan is a variable rate not to exceed 9 percent. Payment begins 30 days after the first disbursement.

To apply for federal direct loans, students must complete the Free Application for Federal Student Aid (FAFSA) and a Federal Direct Loan application. The Free Application for Federal Student Aid (FAFSA) can be completed on line at www.fafsa.ed.gov. The Federal Direct Loan Application can completed online.
 

State Financial Aid Available

State funding eligibility is determined based on information provided from the Free Application for Federal Student Aid (FAFSA) and other additional criteria for each individual grant.
 

North Carolina Community College Grants

Eligibility is determined by the College Foundation, Inc. based on results of the Free Application for Federal Student Aid (FAFSA). Students must be North Carolina residents and enrolled at least half time (minimum of 6 credit hours).  The amount is based on the Expected Family Contribution (EFC) from the FAFSA results.
 

North Carolina Education Lottery Scholarship (NCLOT)

This scholarship was created to provide financial assistance to needy North Carolina resident students attending eligible colleges and universities within the state of North Carolina.  Eligibility is based on the same criteria as the Federal Pell Grant with one exception; students not eligible for the Federal Pell Grant with an Estimated Family Contribution (EFC) of $5000 or less will be eligible.  Students who have earned a baccalaureate (four-year) college degree are not eligible.  Grants range from $100 - $2,300 per year.
 

Other Financial Aid

Following are other types of financial aid funded by Fayetteville Technical Community College to assist students with educational expenses. Applications for each source are available at posted times during the semester in the Financial Aid Office.
 

Short Term Loans For Tuition and Fees and Books

Students who are enrolled at least half-time may borrow funds on a ninety-day note to cover cost of tuition and fees up to a maximum of 12 credit hours or up to a maximum of $500.00 for required textbooks until funds are exhausted.  Supplies are not covered under this loan program.  The student must be in good financial standing with the College.  Based upon the discretion of the Financial Aid Office, a student may be awarded a short term loan for both tuition and fees and textbooks. 
 

Foundation Book Fund

The Foundation Book Fund Assistance is available for students enrolled at least half time (minimum of 6 credit hours). Funds are available one time during an academic year to students with an exceptional need. Students receiving other financial aid, grants and/or scholarships are not eligible for this assistance. Applications are available in the Financial Aid Office.
 

North Carolina Nursing Educational Student Loan Program (NESLP)

This program is available to students enrolled in the Associate Degree Nursing Program or the Licensed Practical Nursing Program. Eligibility is determined and awards are made by the Financial Aid Office. Students must sign a promissory note, but also have the option of repaying the loan through future employment.
 

High Demand / Low Enrollment Programs Scholarship

This scholarship is available to students enrolled during the Fall and Spring semesters in the following programs:

  • A/C Heating & Refrigeration Technology
  • Biotechnology
  • Building Construction Technology
  • Carpentry
  • Civil Engineering Technology
  • Electrical / Electronics Technology
  • Electronics Engineering Technology
  • Emergency Preparedness Technology
  • Horticulture Technology / Management
  • Machining Technology
  • Plumbing
  • Surveying Technology
  • Welding

Full-time students are awarded $750 per semester.

Part-time students are awarded $500 per semester.

Fall applications are due by August. 
Spring applications are due by December.

To apply students must do the following: 

  • Be enrolled in an approved program

           Note: Student does not have to be receiving financial aid to be awarded a Scholarship.