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EC Financial Aid Loans and Grants

LIMESTONE COLLEGE IS DEDICATED TO HELPING STUDENTS AND THEIR FAMILIES MAKE ATTENDANCE AT LIMESTONE COLLEGE A REALITY, REGARDLESS OF THEIR FINANCIAL SITUATION.

Limestone College participates in state and federal financial aid programs. The Extended Campus Program students should apply for any state or federal financial aid for which they believe they are eligible, online at www.fafsa.ed.gov . About 90% of Extended Campus Program students receive some type of financial assistance in the form of scholarships, grants, and/or loans.

Federal Financial Aid

Federal financial aid includes the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Stafford Loans, and Federal Parent PLUS Loan.

Grants

Federal Pell Grant is awarded to undergraduate students who are enrolled in an eligible program, have not received a bachelor's degree, and who demonstrate financial need. The amount of the grant is determined by the Federal Pell Grant Program based on the applicant's family's financial circumstances.

South Carolina Tuition Grant is awarded to academically eligible South Carolina residents attending Limestone College on a full-time basis during the regular academic year. The amount of the South Carolina Tuition Grant is determined by the South Carolina Tuition Grant Commission based on the applicant's family's financial circumstances. Students who fail to enroll full time during the Fall semester forfeit their eligibility for the entire award year. Extended Campus students must be enrolled full time and be enrolled in two Term 5 courses (can be Classroom; Internet or a combination of one Classroom and one Internet). If you are not enrolled in two Term 5 courses you forfeit the SC Tuition Grant for the year. To be eligible for the full amount of SC Tuition Grant in the Fall you must be enrolled in two Term 5 and two Term 6. To be eligible for the full amount of SC Tuition Grant in the Spring semester students must be enrolled in two Term 1 and two Term 2. Extended Campus students need to keep in mind that SC Tuition Grant does not give funding for classes taken in Term 3 or Term 4.  Therefore, these hours will not be included in your full time hours needed for SC Tuition Grant eligibility.  To be eligible to receive SCTG funds, students must complete a certification statement each year before November 15th. South Carolina Tuition Grant funds for the spring semester will be split into two disbursements per the new South Carolina Tuition Grant Regulation.

Legislative Incentives for Future Excellence (LIFE) Scholarship is funded by the state and awarded to academically eligible South Carolina residents who graduated from a South Carolina High School. Students must meet 2 of the 3 following criteria: 1) Cumulative GPA of 3.0 on a 4.0 scale; 2) at least 1100 on the Scholastic Assessment Test (SAT) or 24 on the American College Test (ACT); 3) Top 30% of their high school graduating class. Test scores will be accepted through the June national test administration of the SAT and ACT during the year of high school graduation. Eligibility requirements for sophomores, juniors, and seniors include a cumulative GPA of 3.0 and having earned 30 semester credit hours during each previous year of college enrollment. LIFE Enhancement is funded by the state and awarded to academically eligible South Carolina residents that enrolled in an approved Math or Science major. Students must be LIFE eligible. Life Enhancement is awarded in the sophomore, junior and senior year contingent on the student enrolling in 14 credit hours of math/science in the freshman year. LIFE Scholarship has a four year window of eligibility. Students can only receive LIFE for four years from their first college enrollment date at any institution.

South Carolina HOPE Scholarship is awarded to South Carolina residents who graduated from a South Carolina High School and have a minimum high school GPA of 3.0 but do not meet the requirements of SC Life Scholarship. HOPE is awarded only to first time entering freshman.

Loans

Federal Direct Stafford Loans are student loans with repayment deferred until the student separates college or drops below half time status.

Federal Direct Plus Loans are loans available to parents of dependent students.Applications for all of the above loans are available online at  . Repayment and deferment guidelines are included in the Entrance Loan Counseling.

Entrance Loan Counseling is required of each student who borrows Federal Direct Stafford Loans. Counseling must be completed before loans are disbursed. Students may access the counseling session at www.studentloans.gov.

Exit Loan Counseling is required by the Federal Government for all Student loan borrowers. This must be completed at the time of separation from the college or prior to graduation. Graduating students will not receive their diplomas or transcripts until Exit Counseling has been completed. The Exit Counseling interview can be accessed at www.nslds.ed.gov .