TVCC Catalog

FINANCIAL AID

A variety of services and resources are offered through the TVCC Financial Aid department designed to help students locate and secure funding for college. TVCC Financial Aid administers student aid from three major sources - federal aid, state aid, and institutional aid. TVCC Financial Aid also coordinates the receipt and distribution of a variety of outside sources of student financial aid.

Types of Student Aid Available

Grants, scholarships, tuition waivers, work programs, and student loans are the most common types of financial aid awarded to students. Grants are awards that are usually based on need and do not have to be repaid upon completion of a degree.

  • Scholarships are gift aid which may be based on academic achievement, particular skills, talents, abilities or interests, and may or may not be based on financial need. Most scholarships do not have to be repaid.

  • Tuition waivers are similar to scholarships but do not represent actual cash. Rather, tuition waivers are a cancellation of part or all of the quarterly tuition charges.

  • Work programs such as Federal Work Study are need-based awards and are designed to provide students with employment opportunities to help meet the cost of education.

  • Loans are borrowed funds used to help pay educational expenses. Loans must be paid back. A variety of loans, both need-based and non-need based, are available to students and their parents.

How to Apply for Financial Aid

Student Services Center  (541) 881-5833

Federal Aid - All students may complete the Free Application for Federal Student Aid (FAFSA) on paper or online. TVCC's federal Title IV school code is 003221. The FAFSA application can be completed online at www.fafsa.ed.gov. Continuing students must reapply each academic year by completing a FAFSA or Renewal FAFSA.

State Aid - Residents of the State of Oregon may also be eligible for a variety of scholarships or grants offered by the Oregon Student Assistance Commission. All Oregon residents should complete the federal FAFSA application and apply for Oregon scholarships through the Oregon Student Assistance Commission at www.getcollegefunds.org. TVCC Financial Aid distributes grants and scholarships to students deemed eligible by the Oregon Student Assistance Commission.

Institutional Aid - The college offers a variety of tuition waivers and scholarships to students participating in school clubs, organizations, athletic teams, and performing arts programs. Tuition waivers and scholarships are offered by individual departments and interested students should contact each department for application instructions or information concerning the availability of aid.

Eligibility for Student Aid

Three components are used to determine financial need and eligibility for financial aid: Cost of Attendance, Expected Family Contribution (EFC), and enrollment status. Each college or university in the U.S. develops its own Cost of Attendance budget(s) with consideration for tuition, fees, books and supplies, room and board, transportation, dependent care expenses, loan origination fees, and personal allowance (or miscellaneous expenses).

A cost of attendance budget will depend on a student's permanent address (state of residency), housing plans while in school, the number of dependents a student has (if any), and enrollment status (the number of credits enrolled in each term.) TVCC financial aid uses standardized amounts or calculations for each of these budget items and customizes a budget according to the individual's situation as described above.

Expected Family Contribution (EFC) is computed by the U.S. Department of Education's processing center using the information provided on the FAFSA application. The EFC will usually appear on the Student Aid Report (SAR) in the upper right hand corner of the first page. The student's EFC is subtracted from their personalized Cost of Attendance budget to determine original Financial Need.

NOTE: The EFC does not necessarily indicate actual out-of- pocket expenses; it is merely a tool based on a standardized national formula used to calculate financial aid eligibility.

If Cost of Attendance (COA), and .......................................  = $10,185
Expected Family Contribution (EFC), then ........................... = $  1,000
Financial Need ..................................................................... = $  9,185

From these elements, TVCC will first determine the student's eligibility for a Federal Pell Grant and then attempt to meet the remaining unmet need with other funds as available and according to the school's awarding policies.

Students will receive notification of their Cost of Attendance budget, their EFC, their financial need, and the financial aid funds they are eligible for in an award notification from TVCC Financial Aid after completing the FAFSA and all application requirements.

Eligibility for certain awards and award amounts are determined, in part, by enrollment status. Awards are adjusted or prorated according to the program rules for each award. Student financial aid recipients should maintain a close relationship with their academic advisor and register for classes early in order to allow TVCC Financial Aid adequate time to make quarterly adjustments if necessary. For more information regarding enrollment status requirements for each award program, contact TVCC Financial Aid.

Helpful Contacts

  • Advising: 541.881.5815
  • Admissions: 541.881.5811
  • Financial Aid: 541.881.5833
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