Financial Aid Office

• Provide student centered service, information, and identify financing options to students seeking financial assistance

• Maintain efforts to minimize the student loan default rate

• Identify, outreach to, and increase both financial aid participation and student access to locally defined un-served and under-served student populations

• Increase awareness on campus and at local high schools of financial aid

Students will:

• Be aware of and connected to financial literacy tools via Cash Course, http://www.cashcourse.org

• Expand critical thinking and communication skills through online, video, email and text campaigns

• Create and value timely file completion for the award and disbursement process

• Feel welcomed, acknowledged, and supported by first year experiences such as Cash for College events, financial wellness workshops, weekly application assistance workshops

• Be engaged to increase their awareness of California College Promise Grants and AB 19 Promise Grants

The Board of Governors of the California Community College system offers a fee waiver program for low-income residents of California that are attending a community college. The California College Promise Grant (CCPG) will waive all per-unit enrollment fees ($46 per unit) for an eligible student.  If you need money to help with books, supplies, transportation and other costs, please complete a Free Application for Federal Student Aid (FAFSA) or the California Dream Application (for eligible AB 540 students).  It's OK to file both a CCPG and a FAFSA. We will let you know if you qualify for an automatic  FEE WAIVER.  If you do NOT qualify using the simple online application method, you should file a FAFSA.  Many, many students do not qualify under Methods A or B, but still qualify for a Method C fee waiver and additional financial aid by filing the FAFSA.

Apply now for a California College Promise Grant 

To qualify for the California College Promise Grant [CCPG] Program, you must:

         Be classified as a resident of California or be a non-California resident eligible for tuition exemption AB 540, or AB 1899 student by Admissions and Records,  and for California resident homeless youth as determined by the Financial Aid Office.

     If you have not had your California residency or eligibility status determined by the Admissions or the Registrar or homeless status determined by the Financial Aid Office, see one of those offices to obtain the determination. California College Promise Grant eligibility cannot be determined until your status       has been verified. 
 

        Meet income criteria by:

• o     Providing proof that you are receiving monthly cash assistance from TANF/CalWORKs, SSI/SSP or General Assistance (or, if a dependent student, your parent(s) receive this assistance) or
• o     Establishing that your income (or your parent's income, if you are a dependent student) was within set income standards for the CCPG or
• o     Completing a FAFSA (Free Application for Federal Student Aid) and have remaining financial need or
• o     Being a Congressional Medal of Honor recipient (or dependent); being a dependent of a victim of the Sept. 11, 2001, terrorist attack; having certification from the California Department of Veteran Affairs or the National Guard Adjutant General; or being a dependent of a deceased law enforcement/fire suppression personnel killed in the line of duty that you are eligible for this waiver.

California College Promise Grant Program Part B

These standards are based upon the federal poverty guidelines as published each year by the US Department of Health and Human Services. Under Title 5 of the California code of Regulations, the income standards for the program equal 150% of the federal poverty guidelines for the base year.

These standards are to be used to determine Fee Waiver B eligibility.

What is the Moorpark College Promise?

• First two years free at Moorpark College!
• You can qualify, even if you're not eligible for federal financial aid!

How do I receive the Moorpark College Promise?

• Apply to Moorpark College
• Must be first year/first time student
• Submit a FAFSA or Dream Act application each year
• Add Moorpark College to your FAFSA or CADAA school code 007115
• Must be a California Resident or AB 540 Student
• Enroll full time (12+ units)

How do I receive the Moorpark College Promise in my second year?

• Complete FAFSA or Dream Act applications each year
• Add Moorpark College to your FAFSA or CADAA school code 007115
• Enroll full time (12+ units)
• Must be a California resident or AB 540 student

How do I register for classes?

• Check your VCCCD portal for registration appointment or contact Admissions and Records

Award Notifications

• Moorpark College Promise awards will be posted on your student portal after you have obtained full time enrollment and provided a financial aid application. You will receive an email notification to your my.vcccd.edu email account. You may inquire to the financial aid office if you do not see the award about your eligibility. Awards for future terms may not occur until close to term start and dependent on funding from state legislation
• Monitor your VCCCD portal weekly to be aware of any changes in your status

FEDERAL DIRECT LOAN INFORMATION

Moorpark College participates in the William D. Ford Federal Direct Loan Program. The U.S. Department of Education is the lender for the William D. Ford Federal Direct Loan Program.

Loans must be repaid with interest so it is important to understand your rights and responsibilities as a borrower. 

Annual Interest Rates:

Annual Interest Rates are set each July 1st.

Loans will be processed once you have completed online loan entrance test, and Master Promissory Note, MPN at https://studentaid.gov/mpn/ . Once you've completed these steps expect an email from our office to confirm the amount you'd like to borrow or feel free to call us to discuss.

Maximum annual award for PLUS is the student's Cost of Attendance minus any resources the student has been awarded.  Plus Eligibility is contingent on approved credit which is only valid for 90 days. Do not apply prior to July 1st.  Interest is charged on Direct PLUS Loans during all periods, beginning on the date of your loan's first disbursement.  There is an origination fee.

**Please notify FA office if you are applying for Plus Loan.**

Dependent students whose parents have applied for but were unable to get a PLUS Loan may be eligible to receive additional Direct Unsubsidized Loan funds. Students must provide a copy of the PLUS credit denial to the Financial Aid Office.

Loan Exit Counseling

Federal regulations require that all student borrowers who graduate, withdraw, or drop below half time enrollment complete Loan Exit Counseling. Always notify your servicer of your current address, phone number and contact information in a timely manner.  The National Student Loan Data System (NSLDS) website has the most current contact information for the Holder/Servicer of your loan(s).

Federal Subsidized Student Loan Borrowing Limitations

As of July 1, 2013, a first-time Federal Subsidized Student Loan borrower is no longer eligible for the Subsidized Student Loan program if he or she exceeds 150% of the published length necessary to graduate.

For more information view the FACT Sheet from the U.S. Department of Education.

References                                                                                                                                      

• Government Printing Office: Congressional Public Law 112-141 mandates this change.
• National Association of Student Financial Aid Administrators: Limiting Subsidized Loan Eligibility to 150% of Program Length