Types of Financial Aid
Financial Assistance Available To SVC students
When you become a student at Skagit Valley College, financial aid may be available to you. Financial aid is given according to policies set by the Congress of the United States and the state of Washington. Families have the primary responsibility to meet educational costs. However, financial aid is available to meet the difference between family resources and yearly academic expenses. Below are the four types of financial assistance available to SVC students.
Grants
Applying for aid takes time, about 8 weeks. To apply for aid, you must complete a Free Application for Federal Student Aid (FAFSA). These are available from the Financial Aid Office or you may apply over the web at www.fafsa.ed.gov if you do not have a pin number assigned to you by the federal processor please contact our office before applying online). After the federal government processes your FAFSA, the SVC Financial Aid Office will send a request for additional information.You may request that a paper FAFSA form be mailed to you. Requests can be made by emailing Financial.aid@skagit.edu Please include your name and mailing address in the email.
Loans
Federal Subsidized Stafford Loan: A need-based, long-term, low interest loan available through banks, credit unions, and savings and loan associations. Repayment begins six months after you complete school and interest is deferred until that time. The maximum loan is $2625 for freshmen and $3500 for sophomores. To apply for a...Federal Stafford Loan: You must first complete the FAFSA, have your eligibility for aid determined, and then complete the online loan application.
Federal Unsubsidized Stafford Loan: A long-term low interest loan available to students. Your eligibility for Subsidized Stafford Loan must first be determined. Interest on this loan is not deferred.
Federal Plus Loans: Parent Loans to Undergraduate students are loans, not based on need, obtained by the parents of dependent students for their educational costs. The interest rate for these loans is variable and interest is not deferred.
Short-Term Loans: A variety of short-term loan programs are available for tuition, books, and school-related emergencies and generally given to students who have successfully completed at least one quarter at SVC. Other criteria may apply.
Work Study Programs
Federal College Work-Study: This federally funded program provides part-time on-campus work for students with financial need. If eligible, a student may work as many as 19 hours per week. You may choose from a variety of jobs that offer valuable career related experience. Payments are made once a month.State Work Study: This state funded program provides part-time work for needy students in their major field of interest, either on- or off-campus. On-campus placement is coordinated by the Financial Aid Office. Off-campus employment is coordinated by the Cooperative Education program. Entry-level wages are paid.
Tuition Waivers
Washington State Tuition Waiver: Available for low-income Washington state residents to assist with tuition payment.High School Waiver: Students 19 years or older are eligible to receive discounted tuition to complete high school.
Tuition and Fee Waivers for Classified State Employees: Full time, permanent, classified state employees may take courses (up to 6 credits per quarter) on a space available basis for a reduced fee. Restrictions apply.
Unemployed, Underemployed or Dislocated Worker Fee Waiver: Fee waivers or other programs may be available to workers in these categories. For more information, call 416-7775.