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What types of financial aid do you have available?

Types of Financial Aid

Educational costs vary by program and can be supported or alleviated through a variety of sources, including Grant, Scholarships and Loans. Each student is encouraged to maximize as many of these options as possible to reduce their overall academic costs.

Aid comes in two major forms:  gift aid and self-help aid.

There are two kinds of gift aid - grants and scholarships:

Grants

Del Mar College participates in numerous federal, state and local grant programs.

  • Federal Pell Grant (PELL)
  • Federal Supplemental Educational Opportunity Grant (SEOG)
  • Texas Public Educational Grant (TPEG)
  • Texas Public Educational Grant - Non Resident (TPEGN)
  • Toward Excellence, Access and Success Grant (TXNEW)
  • Toward Excellence, Access and Success Grant Renewal (TXCON)
  • Texas Educational Opportunity Grant Initial (TEOG1)
  • Texas Educational Opportunity Grant Renewal (TEOG2)

Scholarships

Del Mar College offers numerous scholarship opportunities for students.  Scholarships are monetary awards that do not have to be repaid.  Funding for scholarships is provided from organizations, individuals, companies, foundations and grants.

Scholarships are awarded to students on the basis of scholastic achievement, financial need and/or a variety of criteria set by the benefactor.  The value of a scholarship award and the awarding process vary according to the discipline or department in which you are applying.

There are two kinds of self-help - loans and employment:

Loans

Loans are available to assist you in meeting your educational costs.  All of the loans available are long-term, low-interest loans.  No loan may be made if the student is unwilling to repay the loan.  A prior default or delinquency on a loan or an established history of nonpayment of debts may be taken as evidence of unwillingness to repay the loan.

The following student loan programs are available at DMC:

  • Direct Loan Subsidized (DLSUB)*
  • Direct Loan Unsubsidized (UNSUB)*
  • Federal Parent Loans for Undergraduate Students (PLUS)*

*The U.S. Department of Education is the lending institution and will also be responsible for all   correspondence and repayments.

  • Alternative Loans (ALTR)

Alternative loans are private loans offered by lending institutions.  They are not part of the federal government guaranteed loans and should only be used when all other options have been exhausted.

Student Employment Programs

There are three student employment programs at DMC:

  • Federal Work-Study Program (FWSP)
  • Texas College Work-Study Program (TXWS)
  • Student Assistant Employment Program (SA)

For more information concerning student employment click on Student Employment.

For more information about types of financial aid please see this website..

 

 

 

 

 

 

 



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