Which Option is Best for You?
Understanding the difference between the multiple forms of financial aid will help you determine which options are best for you.
- GRANTS are gifts that do not need to be paid back. Grant decisions are based on family
income, household size, reported assets, and the number of children in college. The
most common is the Federal Pell Grant that pays for tuition, fees and books, and any unused money gets paid to the student.
There are also the Federal Supplemental Opportunity Grant (FSEOG) and the S.C. Needs Based Grants.
- SCHOLARSHIPS are gifts that do not require repayment. They can be awarded on various criteria
such as academics, hometowns, gender, ethnicity or program of student. Some scholarships
are even renewable from year-to-year. See also: LIFE Scholarship.
- LOANS are borrowed money that must be repaid with interest after you leave or graduate
from school. Loans mean debt. To be financially responsible, request only what they
need, not the higher amounts that may be offered.
- WORK STUDY The Federal Work Study - FWS - Program is a federal program designed to provide financial
assistance to students through part-time employment and encourages recipients to participate
in community service activities. The FWS Program also provides opportunities for students
to earn a portion of their educational costs while also developing skills, creativity,
and responsibility; student development and preparation for the job market are fundamental
goals of this program.
- LOTTERY The SC Lottery Tuition Assistance Program (LTAP) was established in 2001 under the
SC Educational Lottery Act and implemented for the first time during 2002-03 academic
year. It was created to provide a supplemental resource to South Carolina residents
two-year public or independent institutions.
Special Funds For Eligible Current Students
John and Putsy Wardlaw Student Emergency Fund Request
Current students who find themselves in a difficult financial situation at SCC often seek monetary relief through SCC's Emergency Fund Request. Based on specific hardship circumstances and available funds (up to $500) we will make every effort to assist a student with one-time emergency needs through a designated Foundation fund.
Sherry Vaughn Book Fund Request
There are times when students find themselves in a difficult financial situation and seek monetary relief through the SCC Foundation (SCCF). Over the years, SCC Foundation has raised private dollars to create an specific fund designated to assist students with the cost of textbooks that are purchased through the Book Inn, SCC campus bookstore in the amount up to 85% of total book cost, not to exceed $500.
If you are a SCC student who is requesting financial support to purchase textbooks, please complete the Book Fund Application form.
- GRANTS are gifts that do not need to be paid back. Grant decisions are based on family income, household size, reported assets, and the number of children in college. The most common is the Federal Pell Grant that pays for tuition, fees and books, and any unused money gets paid to the student. There are also the Federal Supplemental Opportunity Grant (FSEOG) and the S.C. Needs Based Grants.