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8ThesecondpartoftheequationisyourexpectedfamilycontributionEFC.ThisistheamountthattheFederalGovernmentbelievesthatyourfamilycanaffordtocontributetoyoureducation.Thisisnottheamountthatyouneedtopaytotheschool.TheEFCiscalculatedaccordingtoanobjectiveformuladevelopedbytheFederalGovernment.TheformulausesthedataprovidedontheFAFSAform.Theresultistheamountofneed-basedaidyouareeligibletoreceive.Theamountoffinancialneedmetforeachstudentvaries.CAREERTRAININGACADEMYx19Spackagingpolicyisdesignedtomeetonlydirectinstitutionalcostsunlessthestudentindicatestheneedforadditionalresources.Asmentionedearliergrantsandscholarshipsifeligiblearethefoundationforeverypackage.HOWDOESTHESCHOOLDECIDEWHATTYPESANDWHATAMOUNTSOFAIDAREINCLUDEDINMYFINANCIALPLANTheschoolworksdirectlywithyouandyourfamilytodeterminewhattypesandwithinprogramguidelineswhatamountsofaidareincludedinyourfinancialplan.YourFederalPellGrantandPHEAAGrantawardsareestimatedusinginformationyouprovideontheFAFSAform.DuringyourplanningappointmenttheFinancialAidOfficerwillassistyouindevelopingafinancialplan.Yourinstitutionalcostsandfinancialneedarecalculatedandthenyourestimatedgranteligibilityissubtracted.AsoutlinedlaterFSEOGISAWARDEDSUBSEQUENTTOTHEPLANNINGAPPOINTMENTITISNOTUSUALLYINCLUDEDINANINITIALFINANCIALPLAN.Onceawardedunlessinnominalamountstheplanisrevisedtoreducenon-giftaidsources.TheFinancialAidOfficerthendiscussespossiblefamilycontributionswithyou.Anyamountthatyoucancontributetowardyourdirecteducationalcostswillreducetheamountofloandebtthatyouincur.TuitionPaymentPlansareavailabletoaccommodatestudentsandtheirneeds.Ifthereareremainingdirectinstitutionalchargesorifthestudenthasindicatedaneedforfundsforindirectcostsstudentloansareexplored.FederalStaffordLoansarethefirststudentloanssuggestedforstudents.TheydonotenterrepaymentuntilsixmonthsafterthestudentceasesatleasthalftimeenrollmentandbasedonstudenteligibilitytheFederalGovernmentwillpaytheinterestontheloanwhilethestudentisenrolledatleasthalftimeinschoolduringthe6-monthgraceperiodandduringperiodsofdeferment.StaffordloansaremorefullydescribedintheStudentGuide.ThenPLUSoradditionalStaffordloaneligibilityisreviewed.IfastudentisdependentaccordingtoFederalGuidelinesfundsbeyondthoseavailableinabaseStaffordloanmustbeappliedforthroughthePLUSloanprogram.ThePlusLoandoesbeginrepaymentwhilethestudentisstillinschool.IfaparentborrowerisunableandcandocumenttheirinabilitytoborrowthroughthePLUSprogramthenthestudentmayborrowadditionalproceedsthroughtheunsubsidizedStaffordLoanprogram.Independentstudentsmayborrowadditionalproceedsthoughtheunsubsidizedprogramaswell.Aparentx19srefusaltoborrowaPlusloanisnotconsideredaninabilitytoborrow.Thefollowingformsofaidarenotcampusbased.MaximumawardamountsaredeterminedbytheawardingagencyProgramMoreInformationCanBeFoundFederalPellGrantOnpage12oftheFederalStudentGuide.FederalFamilyEducationLoanFFELBeginningonpage16ofTheFederalStudentGuide.FederalPlusLoanBeginningonpage20ofTheFederalStudentGuide.PennsylvaniaStateGrantBycontactingtheawardingagency.PhonenumbersareavailablefromtheFinancialAidDepartment.OVRTAAWIAVABenefitsBycontactingtheawardingagency.PhonenumbersareavailablefromtheFinancialAidDepartment.Campus-basedformsofaidincludeFederalSupplementalEducationalOpportunityGrantsTheawardingpolicyfortheFSEOGprogramislistedbelow.GeneralinformationregardingtheFSEOGprogramcanbefoundintheStudentGuidebeginningonPage13.FSEOGAWARDINGPOLICYFORAWARDSMADEAFTERJuly12009CAREERTRAININGACADEMYconsidersalleligiblestudentsforFSEOG.FederalregulationsrequirePellGranteligiblestudentstoreceivepriorityconsideration.Fundsareallocatedforallstartingclasseswithintheawardyear.Awardsaremadetoeligiblestudentsinvariousamountstohelpcoverdirecteducationalexpenses.FSEOGawardsaredisbursedonapaymentperiodbasis.Adisbursementismadeduringthefirstpaymentperiodandorduringthesecondpaymentperiod.Thestudentwillreceiveanawardletterpriortodisbursementthatwilloutlinethespecificdisbursementdatesfortheirawards.PeriodicallytheschoolwillreviewitsFSEOGexpendituresandmakeadjustmentstotheallocationsforfutureclassstarts.Ifsufficientfundsareavailabletheschoolmaygobackandcontinueawardingtopreviousclasses.