When combined with free scholarship and other financial aid opportunities, grants can significantly decrease, if not completely cover, your financial needs. Unlike loans, grants do not need to be repaid. Unlike federal work-study there is no labor involved. When you submit a Free Application for Federal Student Aid (FAFSA), you are automatically considered for government need-based grants.
Based on your financial need, the Federal College Work-Study Program can provide you a job, allowing you to earn money to help pay education expenses. The program encourages community service work and work related to your course of study whenever possible. Most work-study jobs are on-campus, but some jobs are located in private nonprofit organizations or public agencies.
Federal loans are the largest source of student loans available and with more favorable
terms than private loans; therefore, you should try to obtain federal loans before
private when ever possible.
The Federal Stafford Loan Program provides financial assistance through lenders to expand higher education opportunities for undergraduate, graduate, and professional students attending post secondary schools at least half-time. Two types of loans are available:
1. Subsidized Stafford Loan, which is based on financial need. The government will
pay a portion of the interest you accumulate on this loan, and you repay the balance.
2. Unsubsidized Stafford Loan, which does not require students to demonstrate financial need. Students must repay this loan in its entirety, including interest.
You must first complete the Free Application for Federal Student Aid (FAFSA) and elect that you are interested in receiving a student loan. Once your financial aid file is complete with BSCTC, you must log into your Student Self Service account and go to the Loan Request link in the Financial Aid area and complete the process. After requesting a Direct Loan, you must visit www.StudentLoans.gov and complete both of the following before your loan will completely process:
You receive a six-month grace period before starting repayment on Direct Loans after dropping below half-time study, graduation from college, or leaving school for other reasons.
The rate can change per year; however, the rate should not rise above 8.25%
Each student must complete a BSCTC Scholarship Application located on our Scholarships page. Incomplete applications cannot be processed, making you ineligible for scholarships.
We provide a variety of scholarships based on academic performance, financial need, academic program, and/or your county of residence. The scholarship office will determine which scholarship best fits your need.
Yes, and we strongly encourage students to do so. Check with your high school guidance counselor for opportunities.