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FKCC 2012-2013
on a first-come, first-served basis each term. Initial eligibility is determined by the results of the Free Application for Federal
Student Aid (FAFSA). The FSAG is in addition to the student’s Pell Grant award.
Work Programs
Federal Work Study Program (FWS)
The Federal Work Study Program is a program for students with financial need. Students may be employed on one of our
campuses. As a work study employee, you may work a maximum of 20 hours per week, and earn at least minimum wage.
Actual job placement is dependent upon your educational objectives, prior work skills, and the availability of work-study
positions. Eligibility is determined by the results of the Free Application for Federal Student Aid (FAFSA), and you must be
enrolled for a minimum of six credits per term. Students must request participation in the Federal Work Study Program
through the Financial Aid Office, or the application can be found on our website.
Loan Programs
Student Loans
All Florida Keys Community College Students are eligible to participate in the Direct Lending Program. There are three
categories of loans: Subsidized Direct loans, Unsubsidized Direct loans and the Parent PLUS Loan for Undergraduate
Dependent Students. All applicants must apply by completing the Free Application for Federal Student Aid (FAFSA).
Students selected for FAFSA Verification are not eligible to apply for a loan until that process is completed. If you are
interested in a loan, please go to the FKCC website and complete the Student Loan Request Form and submit to the
Financial Aid office.
Subsidized Direct Loan
The interest on all Federal Subsidized Direct Loans is subsidized by the federal government as long as the student is
enrolled in a minimum of six credits and not on financial aid suspension.
All loan recipients must be enrolled for a
minimum of six credits each term of disbursement and must be participating in a minimum of six credits at the time
of disbursement. Repayment begins six months (grace period) after graduation, leaving school, or dropping below
six credits during the term of disbursement. The subsidized Direct loan requires financial need as determined by the
FAFSA.
Unsubsidized Direct Loan
All students must first complete the FAFSA in order to determine if there is financial need. If there is not financial need, the
student may apply for an unsubsidized Direct Loan. The government does NOT pay the interest during enrollment or during
the grace period; interest will accrue on this loan while in school and during the grace period.
All loan recipients must
be enrolled for a minimum of six credits each term of disbursement and must be participating in a minimum of six
credits at the time of disbursement. The student must repay the loan and all accrued interest and current interest
beginning six months after graduation, leaving school, or dropping below six credits.
Parent PLUS Loan for Undergraduate Dependent Students
Parents of dependent students may borrow on behalf of the student. Income is not considered, but a credit check is
completed and the parent(s) may not have adverse credit. The student must first apply for other types of aid by completing
the FAFSA.
All loan recipients must be enrolled for a minimum of six credits each term of disbursement and must
be participating in a minimum of six credits at the time of disbursement.
Loan amounts must not exceed the cost of
attendance less other financial aid. Parent loans must be repaid over a 10-year period with interest beginning 60 days after
disbursement.
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