Federal Loans - Independence Community College

ICC offers Pell Grants and Supplemental Education Opportunity Grants (SEOG) to students.

Pell Grants are federal grants for students who demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA). Pell Grants are awarded on an annual basis and up to one-half of the award is disbursed each term as long as the student otherwise qualifies for the grant funds.

To be eligible for Pell Grants, the student must:

Meet basic Federal Student Aid eligibility criteria
Demonstrate financial need
Make Satisfactory Academic Progress
Complete verification (if selected for verification)
Be attending class(es)

The Pell Grant award amount is determined by taking into consideration:

Your Expected Family Contribution (EFC)
Your year in school
Your enrollment status (full-time, half-time, etc)
Your cost of attendance at ICC

Supplemental Education Opportunity Grants (SEOG) are for students enrolled at least half time and demonstrating financial need. SEOG are awarded to students in the following manner:

On Campus Residents are awarded 75% of the SEOG funds. Funds are awarded to students with an Expected Family Contribution (EFC) of '0' who will receive a Pell Grant in the award year; followed by students with an EFC of '0' who will not receive a Pell Grant in the award year. Most On Campus Residents receive $300 per year in SEOG.
Off Campus Residents are awarded 25% of the SEOG funds. Off Campus Residents are awarded in the same priority order as On Campus Residents. Most Off Campus Residents receive $150 per year in SEOG.
SEOG funds awarded in the Summer term are awarded in the same manner as Spring/Fall terms, but the award amount may vary depending on funding availability.

ICC participates in the Federal Direct Loan program. Student loans may by borrowed by qualified students enrolled at least half-time in eligible certificate or degree programs. Student loans are to be repaid by students regardless of whether the student is successful in completing the program of study or obtaining employment.

General Information about student loans may be found at the following:

Subsidized Loans

Subsidized Loans are need-based loans calculated using your Expected Family Contribution (EFC) from the FAFSA, your cost of attendance and other eligible financial assistance.
Interest on your student loan is paid by the government while you are in school, as long as students complete their program of study. Subsidized Loans are the preferred loans because of this benefit.
Payments are deferred until students graduate, leave school or fall below half-time enrollment.

Unsubsidized Loans

Unsubsidized Loans are not need-based loans calculated using your cost of attendance and other eligible financial assistance.
Unsubsidized Loans will accrue interest while in school.
Payments are deferred until students graduate, leave school or fall below half-time enrollment.

Parent PLUS Loans

The parent of a dependent student who has exhausted their current award year loan awards may apply for a Parent PLUS Loan
General information about Parent PLUS Loans may be found here
To apply for a Parent PLUS Loan, the parent must complete ICC’s Parent Plus Loan Request located in the Forms section of our webpage.
Parents requesting a Parent PLUS Loan will be contacted by the Office of Student Financial Aid by email once the request has been received.

Accepting (Borrowing) Loans

Student may accept (borrow) student loans by accepting the desired loan amount in their Online Financial Aid System.
The student should navigate to the “Accept My Awards” section, input the amount of loan request, accept the award, and submit the acceptance to our office.

Traditionally, loans are offered as an annual award, i.e., a loan to cover both the fall and spring term. Therefore one-half of the requested amount will be disbursed to the student in the fall and the other one-half will be disbursed to the student in the spring.

Loan Counseling

All first time undergraduate borrowers must complete Entrance Counseling.
All first time undergraduate borrowers must wait a minimum of 30 days from the beginning of their first term to receive loan funds.
All borrowers must complete Exit Counseling when transferring from or otherwise not returning to ICC or if the student’s enrollment level falls below half-time. Exit Counseling must be completed to receive final transcripts or a diploma from ICC.

The Federal Work Study (FWS) program is a need-based student employment program. The FWS program provides students the opportunity to work part-time on the ICC campus. Students can work up to 29 hours per week, depending on eligibility. Jobs are located mainly on-campus, but a few off-campus positions are available. Pay rate varies based on position, but begins at $11.00/hour; students are paid on a monthly basis.

ICC Faculty and staff, or Community Employers through the Pirates at Work Program, who wish to request a Work-Study Employee should complete THIS online request.

Application

Students must have a complete and verified FAFSA on file with the Office of Student Financial Aid.
Eligible students will be invited at the beginning of each term to participate in our Federal Wrok-Study program.
Students must disclose any and all outside aid awards.
Students must complete all payroll paperwork prior to beginning work on campus.
- Government Issued ID
- Original Social Security card or birth certificate
- Voided check or deposit slip OR bank’s phone/fax number
- K4, W4 and I9
- FWS Authorization Form
- FERPA Training
- Block Schedule
Students must have special permission to work on campus during the summer term(s).

Student Labor

Students ineligible for the FWS program may qualify for ICC’s institutional student labor program. Students otherwise not eligible for FWS should complete the same application process above.

Employment Opportunities

Maintenance/Groundskeeper
Inge Center
Resident Hall Assistant
Theatre Department Assistant
Music Department Assistant
English Department Assistant
Math/Science Department Assistance
Computer Lab Assistant
Library Assistant
Financial Aid Assistant
Business Office Assistant
Registrar Assistant
Admissions Assistant
Student Life Assistant
Athletic/Game Management
President’s Office Assistant
Recreational Fitness Assistant

General Conditions and Terms of Student Employment

Student employment at ICC is seasonal and/or temporary, and student employees may be dismissed for any reason at any time with or without notice.
If employed by ICC, students agree to: show up on time and work prescribed schedule; to work in a law-abiding manner; to perform work as directed by college supervisor; and to make reasonable accommodations with supervisors to be absent from work.
A list of all college policies and procedures are available from the Office of Human Resources.
Student employees are not eligible for any college benefits and do not qualify for unemployment benefits based on the position of a student worker at ICC.
The level of financial aid received may affect the level of other financial aid a student is eligible to receive.
Student employees are not allowed to work during class times, even if class is cancelled or lets out early. Changes to students’ schedules must be reported to the Office of Student Financial Aid.
Applicants for admission and employment, students, parents, employees, sources of referral of applicants for admission and employment and all unions or professional organizations holding negotiated agreements or professional agreements with the institution are hereby notified that this institution does not discriminate on the basis of race, religion, color, national origin, sex, age or disability in admission or access to, or treatment or employment in its programs and activities. Any person having inquiries concerning Independence Community College's compliance with the regulations implementing Title VI, Title IX and the Americans with Disability Act of 1990 is directed to contact the coordinators who have been designated to coordinate the educational institution's efforts to comply with the regulations implementing these laws.
Students must meet Satisfactory Academic Progress

Available Student Aid

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