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Financial Aid

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Types of Financial Aid Available

Photo of hand holding money Various financial aid resources may be available to you as a student. Stop by our office to learn more about eligibility requirements, available amounts, and other special information about your options.
Often, more than one type of financial aid funding can be offered to students. There are four basic types of financial aid: GRANTS (SEOG, OOG, merit awards), SCHOLARSHIPS, LOANS and WORK-STUDY Employment. Veteran Administration Education Benefits are also available.

Grants and Scholarships
These options are thought of as gift aid because there is no requirement to repay or to work in exchange for the funds.

Federal Pell Grant - The Pell Grant program was established by the federal government to provide a basic core of aid for eligible undergraduate students. Eligibility is determined by the federal government.
Oregon Opportunity Grant - The State of Oregon provides funds for the program and the Oregon State Scholarship Commission determines the student's eligibility. Student must meet the requirements for state residency, demonstrate financial need, and attend school on a full-time basis. Students cannot be enrolled in a course of study leading to a degree in theology, divinity or religious education. Oregon Opportunity Grant eligibility may be transferred to other eligible institutions, but eligibility is limited to 12 quarters of attendance. Use this link for more information on the OR Opportunity Grant.
Federal Supplemental Educational Opportunity Grants (FSEOG) - These grants are federally funded and UCC is responsible to select eligible students and to determine the amount of the awards to students. Eligible students must not have earned a bachelor's degree. Preference for this grant is given to students who are Pell-grant eligible and have low family contribution toward their educational expenses.
Merit Awards - Full and partial tuition talents grants may be offered to students who have shown outstanding achievements in such areas as student leadership, athletics, journalism, fine and performing arts, and other areas.
Scholarships - Many scholarships are available from individual donors and service organizations in communities throughout Douglas County as well as nationwide. Also, the UCC Foundation funds full-tuition scholarships to graduates from each local district high school. Interested seniors should contact their high school counselor's office concerning the application process. Application forms for other scholarships are available in the Financial Aid Office.

For more information about Merit Awards or Scholarships, contact Kathy Hogan, by phone, (541) 440-7725, or email Kathy.Hogan@umpqua.edu.

Loans, of course, require repayment. UCC will review credit ratings from a national credit bureau prior to approval of loan funds for students. Before accepting the offer of a loan to assist with educational expenses, a student should carefully consider the repayment terms. Accepting an educational loan means that the student has accepted the responsibility to repay the funds borrowed plus interest.

Direct Student Loan Program
If a student or parent of a student decides to borrow money to help pay for a college education, the U.S. Department of Education offers the Direct Loan programs. Students can borrow money directly from the federal government without having to find a bank. The funds are disbursed through the school. Student have only one lender to deal with, the U.S. Department of Education, once they begin repayment of student loans. Students can select the repayment plan that is right for their personal financial circumstances and change repayment plans if their financial circumstances change. There are FOUR types of Direct Loans:

Federal Direct Subsidized Loan - Subsidized means the federal government pays the interest on the loan while the student is in school and during deferment (postponement of repayment). Students must demonstrate financial need to receive this type of loan.
Federal Direct Unsubsidized Loan - The federal government does not pay the interest while the student is in school or in deferment. Students can get the Unsubsidized Loan regardless of financial need.
Federal Direct Plus Loan - This loan is for parents with good credit history who want to borrow for their dependent student.
Federal Direct Consolidation Loan - The student can combine one or more federal education loan into a new Direct Loan. Only one monthly payment is made to the U.S. Department of Education. Detailed information is available from the Financial Aid Office. Academic transcripts from ALL colleges attended previously must be on file in the Registrar's Office prior to a determination of Direct Loan eligibility.

There is a 30 day delay in disbursement of loan funds for first time borrowers at UCC.

Federal Work Study (FWS) -
Accepting Federal Work-Study as a means of financial assistance requires that students accept employment through the Work Study Office on the UCC campus and perform work responsibilities satisfactorily to receive a monthly paycheck. Wages are paid per hour and FWS employees are paid on the last working day of each month.

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