Applying for Financial Aid
Where do I begin the process of applying for
and acquiring financial assistance?
Complete and submit a Free Application for
Federal Student Aid (FAFSA) www.fafsa.ed.gov to apply for
federal student aid and to apply for most state and college
Begin by applying for a Department of Education
Pin number www.pin.ed.gov. For most students
under the age of 25, the parent must also obtain a PIN number.
What documents are needed to complete the
Social security number - may need both student
Alien registration number if you are not a U.S.
citizen, Income tax forms, Records of Untaxed income such as Social
Security benefits (SSI), welfare benefits (e.g. SNAP) veteran
benefits for yourself and your parents if you are providing parent
information, and child support, etc.
Information on savings, investments and business
and farm assets for yourself and your parents if you are providing
What is Grayson County College's school
GCC's school code is 003570
Do I need to be a full time student to be
eligible to receive a Pell Grant?
You do not have to be enrolled full time to
receive a Pell grant. However, the Pell Grant award is prorated
based upon enrollment status. The award letter sent to the student
indicating their Pell Grant amount is based upon a full time status
and is prorated based upon the number of hours a student is
enrolled as of the census date of the semester they are
12 hours or more = full award
9-11 hours = three-fourths of the award
6-8 hours = half of the award
1-5 hours = a fractional amount of the award
When will my eligibility be calculated?
The census date of the last class a student has
enrolled for in a given semester (fall, spring or summer) is the
official date that Title IV eligibility is calculated. Students not
enrolled or who have been reported by their instructor as not
attending or a "no show" thru the census date of a given semester
will have not earned any Title IV and will be responsible for
institutional charges that may have been incurred.
How do I apply for Title IV assistance if I am
attending another institution?
A student cannot receive Title IV at both
institutions. The student must decide which institution will be
considered their "home" institution and who will be disbursing
their Title IV funds.
How do I transfer my financial aid to another
The student is encouraged to contact the Office
of Financial Aid at Grayson College, so that we can cancel future
disbursements of funds. If the institution to which you are
transferring is not listed on your FAFSA, you may either go online
and add the institution to your FAFSA or call 1-8004FED-AID and ask
them to list the new institution. Contact the institution that you
are transferring and see what documents they require from you.
What will happen if I drop a class or withdraw
from all of my classes during a semester while receiving financial
Before the refund period?
It would have no effect if you maintain the
enrollment status (i.e.) full-time, half-time, three quarter time,
less than half time) that you held prior to dropping the class. It
will only change the amount of the tuition
After the refund period?
You will be subject to satisfactory academic
progress standards that require you to complete a certain
percentage of hours attempted. You may obtain a copy of these
standards from the Financial Aid office or on our website in the
Satisfactory Academic Progress Policy.
If you are required by TSI to be enrolled in a
developmental course and drop the course you will be withdrawn from
the college and may be subject to repay Title IV Financial Aid
If you have appealed for the current semester
you are not allowed to drop a class or classes or you will be
placed back on suspension
If you drop all courses or you receive all F's
in a semester you may be subject to repay Title IV Financial Aid
Funds which includes Federal Pell Grant and any Federal Student
If I am not eligible for a Pell Grant is there
other financial assistance?
Yes, there are many forms of financial
assistance that you may be eligible for: Texas Education
Opportunity Grant, College Work-Study, Federal Student loans, or on
campus and off campus scholarships.
Are there priority dates within the Office of
Need-based financial aid applications will be
processed on the basis of availability of funds. In order to be
considered for all of the programs for which they may be eligible,
applicants are urged to have a completed application on file
June 1 for the Fall semester,
before October 1 for the Spring Semester,
before April 1 for the Summer Semester
Each individual scholarship has its own
deadline. Late applicants should be prepared to meet initial
expenses (tuition, fees and books) from their own resources.
No notification or award will be made until all
required documents have been received. You may review Campus
Connect for missing documents that are still required to complete
the process of your file.
Do I need to complete the FAFSA before applying
for a student Loan?
Yes, it is mandatory for students to complete
the FAFSA before applying for a student loan because the FAFSA
allows the Office of Financial Aid to determine your general
eligibility for a student loan. The subsidized loan awarded is
based upon need. The need is determined by the results of the
FAFSA. Additional information regarding the types of loan available
to our students may be located in the financial aid office or the
Is there a separate application to apply for a
Yes, but only for Direct Unsubsidized Loan.
Students at Grayson College must complete the Student Loan Form.
The form may be downloaded from the institution's website. You must
e-sign your MPN and complete Entrance Counseling at
www.studentloans.gov. It is your responsibility to contact your
loan servicer for any questions regarding your loan.
How many hours must I be enrolled in to be
eligible for and receive a Student Loan?
You must be enrolled in no less than 6 hours and
making Satisfactory Academic Progress.
Will my credit history affect my student
No; although Parent PLUS loan applicants are
subject to a credit check.
How long does it take to process my student
Direct Subsidized Loans are usually packaged
once GC receives the student's FAFSA information. Students must
complete a Grayson College loan application to receive an
unsubsidized loan. Loan applications are usually processed within
24 to 48 hours of receipt. Parents must complete a loan application
to be considered for a Parent PLUS loan.
Student loan recipients will receive
their proceeds if all documents have been submitted by the priority
date for the semester/award year they are applying after the
31st day of the semester.
Students at Grayson College are required to
submit a new Master Promissory Note (MPN) every 10 years.
Is there a separate application for Federal
Yes, students interested in working on campus or
off campus as a tutor for elementary students must complete and
return the Work Study Application that can be downloaded from the
institution's website. These positions have a hourly wage of $8.00
an hour. All students must give consent to a background check.
Is there someone available to assist students
completing the FAFSA?
Yes. The Library on campus and the Office of
Financial Aid has computers/personnel available to assist students
in filling out the FAFSA. Students/Parents are encouraged to
bring copies of their tax returns, W-2's and Department of
Education Pin number(s) with them in order to complete the FAFSA.
Advisors may not be available during peak processing periods
to assist with the FAFSA but will be happy to answer any questions
you may have in reference to completing the application during this
time. Please call our office to determine if an advisor is
available to assist with the input of the FAFSA prior to coming to
What is Campus Connect?
Students will receive a PIN number upon
admission that is separate from their Department of Education Pin
number for the FAFSA. Campus Connect is located within a student's
portal. It allows students access to view their grades, financial
aid that has been awarded, drop and add classes, and view their
account information at the institution.
We encourage all potential financial aid
recipients to use Campus Connect to their advantage. Once awards
are made this information is available 24/7 and is reflected within
Campus Connect. Also, within the financial aid information section
will be reflected what documentation has been received at our
office and what is still needed from the student in order to
proceed processing the file. Students will also accept all awards
using their CampusConnect
Is their a separate application for applying
for Grayson County College Scholarships?
Yes. The priority deadline is March
15th of each award year for the following Fall/Spring
Semester. This application may be downloaded from our website. It
is pertinent that students read the application and turn in all
appropriate documentation requested to prevent any delays to be
considered for a scholarship awarded by the institution.
Are there any guidelines that must be followed
to apply for and receive a GC
Yes. Please note the following:
Complete scholarship application each academic
award year and return the application and requested documents to
the Office of Financial Aid.
- Complete the FAFSA each academic award year(exemptions:House
Bill 1528 (also known as House Bill 1403)eligible, J1 or J2
exchange visitor visa, F1 or F2 student visa or G series visa or
family income of $70,000 or more). If you are exempt from
completing the FAFSA, documentation must be provided to prove
exemption, i.e.: 2006 tax return & W-2's or Visa
- Enroll in a minimum of 12 semester hours unless otherwise
- Maintain an overall minimum 2.5 GPA and complete required
number of hours to remain eligible for extended scholarships.
- Scholarship funds may be used for tuition/fees/books or
supplies in the semester awarded.
- Scholarships may be reduced or rescinded if aid exceeds cost of
- Institutional scholarship values may not exceed $800.00 per
semester excluding Presidential, Athletic or Fine Arts.
- Scholarships may be reduced or rescinded if institutional
maximum scholarship award is exceeded.
- Institutional Scholarships are non-transferable, and must be
used in the semester awarded.
- Additional documentation required and/or an audition may be
required for various departmental scholarships.
- Funds must be used by the 7th week of the
Can financial aid pay for a minimester or
Minimester terms may qualify for financial aid.
Students are encouraged to contact the Office of Financial aid to
determine if they have eligibility before enrolling in a